BKCG.L vs. RAYG.L
BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) and RAYG.L (Global X Solar UCITS ETF USD Accumulating) are both exchange-traded funds - BKCG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while RAYG.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, BKCG.L returned 56.44%/yr vs -4.78%/yr for RAYG.L. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
BKCG.L vs. RAYG.L - Performance Comparison
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Returns By Period
In the year-to-date period, BKCG.L achieves a 35.75% return, which is significantly higher than RAYG.L's 21.50% return.
BKCG.L
- 1D
- -3.52%
- 1M
- 10.26%
- YTD
- 35.75%
- 6M
- 10.16%
- 1Y
- 105.28%
- 3Y*
- 56.44%
- 5Y*
- —
- 10Y*
- —
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
BKCG.L vs. RAYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 35.75% | 23.16% | 6.98% | 308.24% | -79.88% |
RAYG.L Global X Solar UCITS ETF USD Accumulating | 21.50% | 30.23% | -27.04% | -36.40% | 16.05% |
Correlation
The correlation between BKCG.L and RAYG.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.29 |
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Return for Risk
BKCG.L vs. RAYG.L — Risk / Return Rank
BKCG.L
RAYG.L
BKCG.L vs. RAYG.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 Solar UCITS ETF USD Accumulating (RAYG.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.L | RAYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 5.82 | -3.88 |
| Martin ratioReturn relative to average drawdown | 3.51 | 14.72 | -11.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKCG.L | RAYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.69 | -1.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | -0.11 | +0.28 |
Drawdowns
BKCG.L vs. RAYG.L - Drawdown Comparison
The maximum BKCG.L drawdown since its inception was -82.56%, which is greater than RAYG.L's maximum drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for BKCG.L and RAYG.L.
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Drawdown Indicators
| BKCG.L | RAYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.56% | -71.14% | -11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -54.08% | -14.48% | -39.60% |
Max Drawdown (3Y)Largest decline over 3 years | -57.72% | -58.12% | +0.40% |
Current DrawdownCurrent decline from peak | -25.72% | -42.21% | +16.49% |
Average DrawdownAverage peak-to-trough decline | -43.37% | -42.80% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.84% | 5.73% | +24.11% |
Volatility
BKCG.L vs. RAYG.L - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a higher volatility of 19.30% compared to Global X Solar UCITS ETF USD Accumulating (RAYG.L) at 8.58%. This indicates that BKCG.L's price experiences larger fluctuations and is considered to be riskier than RAYG.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.L | RAYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.30% | 8.58% | +10.72% |
Volatility (6M)Calculated over the trailing 6-month period | 45.66% | 21.55% | +24.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.15% | 31.33% | +35.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.54% | 32.59% | +41.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.54% | 32.59% | +41.95% |
BKCG.L vs. RAYG.L - Expense Ratio Comparison
Both BKCG.L and RAYG.L have an expense ratio of 0.50%.
Dividends
BKCG.L vs. RAYG.L - Dividend Comparison
Neither BKCG.L nor RAYG.L has paid dividends to shareholders.
Frequently Asked Questions
BKCG.L and RAYG.L have a correlation of 0.33, 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 RAYG.L have the same expense ratio: 0.50% per year.
BKCG.L is categorized as Technology Equities, while RAYG.L is Energy Equities. BKCG.L tracks MSCI World/Information Tech NR USD, while RAYG.L tracks S&P Global Clean Energy TR USD.
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