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BKCG.L vs. HERU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BKCG.L vs. HERU.L

Last updated Jun 5, 2026

BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) and HERU.L (Global X Video Games & Esports UCITS ETF Acc USD) are both Technology Equities funds from Global X tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, BKCG.L returned 56.44%/yr vs 5.43%/yr for HERU.L. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

BKCG.L vs. HERU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) and Global X Video Games & Esports UCITS ETF Acc USD (HERU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

BKCG.L is traded in GBP, while HERU.L is traded in USD. To make them comparable, the HERU.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, BKCG.L achieves a 35.75% return, which is significantly higher than HERU.L's -13.86% return.

BKCG.L

1D
-3.52%
1M
10.26%
YTD
35.75%
6M
10.16%
1Y
105.28%
3Y*
56.44%
5Y*
—
10Y*
—

HERU.L

1D
-1.65%
1M
-3.67%
YTD
-13.86%
6M
-16.66%
1Y
-14.34%
3Y*
5.43%
5Y*
-3.93%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BKCG.L vs. HERU.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
BKCG.L
Global X Blockchain UCITS ETF USD Accumulating		35.75%23.16%6.98%308.24%-77.39%
HERU.L
Global X Video Games & Esports UCITS ETF Acc USD		-13.86%16.18%19.81%0.84%-19.72%

Correlation

The correlation between BKCG.L and HERU.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2022

0.42

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Global X Blockchain UCITS ETF USD Accumulating

Global X Video Games & Esports UCITS ETF Acc USD

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Often compared with HERU.L:
HERU.L vs. ESPO.LHERU.L vs. HERG.LHERU.L vs. COPG.LHERU.L vs. SPYHERU.L vs. URNG.LHERU.L vs. BOTG.LHERU.L vs. URND.L

Return for Risk

BKCG.L vs. HERU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BKCG.L
BKCG.L Risk / Return Rank: 3838
Overall Rank
BKCG.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
BKCG.L Sortino Ratio Rank: 4242
Sortino Ratio Rank
BKCG.L Omega Ratio Rank: 3939
Omega Ratio Rank
BKCG.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
BKCG.L Martin Ratio Rank: 2626
Martin Ratio Rank
HERU.L
HERU.L Risk / Return Rank: 33
Overall Rank
HERU.L Sharpe Ratio Rank: 33
Sharpe Ratio Rank
HERU.L Sortino Ratio Rank: 33
Sortino Ratio Rank
HERU.L Omega Ratio Rank: 33
Omega Ratio Rank
HERU.L Calmar Ratio Rank: 44
Calmar Ratio Rank
HERU.L Martin Ratio Rank: 44
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKCG.L vs. HERU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) and Global X Video Games & Esports UCITS ETF Acc USD (HERU.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

BKCG.LHERU.LDifference
Sharpe ratioReturn per unit of total volatility
1.56
-0.78

+2.34

Sortino ratioReturn per unit of downside risk
2.07
-0.98

+3.05

Omega ratioGain probability vs. loss probability

1.25

0.88

+0.36

Calmar ratioReturn relative to maximum drawdown

1.94

-0.58

+2.51

Martin ratioReturn relative to average drawdown

3.51

-1.07

+4.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKCG.L vs. HERU.L - Sharpe Ratio Comparison

The current BKCG.L Sharpe Ratio is 1.56, which is higher than the HERU.L Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of BKCG.L and HERU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BKCG.LHERU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.56

-0.78

+2.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

-0.20

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

-0.20

+0.36

Drawdowns

BKCG.L vs. HERU.L - Drawdown Comparison

The maximum BKCG.L drawdown since its inception was -82.56%, which is greater than HERU.L's maximum drawdown of -48.15%. Use the drawdown chart below to compare losses from any high point for BKCG.L and HERU.L.

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Drawdown Indicators

BKCG.LHERU.LDifference

Max Drawdown

Largest peak-to-trough decline

-82.56%

-48.15%

-34.41%

Max Drawdown (1Y)

Largest decline over 1 year

-54.08%

-24.82%

-29.26%

Max Drawdown (3Y)

Largest decline over 3 years

-57.72%

-24.82%

-32.90%

Max Drawdown (5Y)

Largest decline over 5 years

—

-40.24%

—

Current Drawdown

Current decline from peak

-25.72%

-32.21%

+6.49%

Average Drawdown

Average peak-to-trough decline

-43.37%

-29.82%

-13.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

29.84%

13.39%

+16.45%

Volatility

BKCG.L vs. HERU.L - Volatility Comparison

Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a higher volatility of 19.30% compared to Global X Video Games & Esports UCITS ETF Acc USD (HERU.L) at 5.49%. This indicates that BKCG.L's price experiences larger fluctuations and is considered to be riskier than HERU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BKCG.LHERU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.30%

5.49%

+13.81%

Volatility (6M)

Calculated over the trailing 6-month period

45.66%

15.02%

+30.64%

Volatility (1Y)

Calculated over the trailing 1-year period

67.15%

18.38%

+48.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

74.54%

21.97%

+52.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

74.54%

22.20%

+52.34%

BKCG.L vs. HERU.L - Expense Ratio Comparison

Both BKCG.L and HERU.L have an expense ratio of 0.50%.

Dividends

BKCG.L vs. HERU.L - Dividend Comparison

Neither BKCG.L nor HERU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

BKCG.L and HERU.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

BKCG.L and HERU.L have the same expense ratio: 0.50% per year.

Both ETFs track MSCI World/Information Tech NR USD.

Portfolio Optimizer

Find the right allocation for BKCG.L and HERU.L

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