BKCG.L vs. SHLG.L
BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) and SHLG.L (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Global X and iShares respectively. Both are passively managed. Over the past 3 years, BKCG.L returned 56.44%/yr vs 18.72%/yr for SHLG.L. A 0.51 correlation means they provide meaningful diversification when combined. BKCG.L charges 0.50%/yr vs 0.40%/yr for SHLG.L.
Performance
BKCG.L vs. SHLG.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 SHLG.L's 19.45% return.
BKCG.L
- 1D
- -3.52%
- 1M
- 10.26%
- YTD
- 35.75%
- 6M
- 10.16%
- 1Y
- 105.28%
- 3Y*
- 56.44%
- 5Y*
- —
- 10Y*
- —
SHLG.L
- 1D
- -2.36%
- 1M
- 10.80%
- YTD
- 19.45%
- 6M
- 20.25%
- 1Y
- 26.15%
- 3Y*
- 18.72%
- 5Y*
- 11.16%
- 10Y*
- —
BKCG.L vs. SHLG.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% | -77.39% |
SHLG.L iShares Digital Security UCITS ETF USD (Dist) | 19.45% | 3.87% | 18.54% | 26.67% | -7.48% |
Correlation
The correlation between BKCG.L and SHLG.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.51 |
The correlation between BKCG.L and SHLG.L has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
BKCG.L vs. SHLG.L — Risk / Return Rank
BKCG.L
SHLG.L
BKCG.L vs. SHLG.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 iShares Digital Security UCITS ETF USD (Dist) (SHLG.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 | SHLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.06 | -0.12 |
| Martin ratioReturn relative to average drawdown | 3.51 | 4.80 | -1.29 |
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 | SHLG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.36 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.62 | -0.45 |
Drawdowns
BKCG.L vs. SHLG.L - Drawdown Comparison
The maximum BKCG.L drawdown since its inception was -82.56%, which is greater than SHLG.L's maximum drawdown of -27.07%. Use the drawdown chart below to compare losses from any high point for BKCG.L and SHLG.L.
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Drawdown Indicators
| BKCG.L | SHLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.56% | -27.07% | -55.49% |
Max Drawdown (1Y)Largest decline over 1 year | -54.08% | -12.65% | -41.43% |
Max Drawdown (3Y)Largest decline over 3 years | -57.72% | -24.02% | -33.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.07% | — |
Current DrawdownCurrent decline from peak | -25.72% | -2.80% | -22.92% |
Average DrawdownAverage peak-to-trough decline | -43.37% | -9.50% | -33.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.84% | 5.43% | +24.41% |
Volatility
BKCG.L vs. SHLG.L - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a higher volatility of 19.30% compared to iShares Digital Security UCITS ETF USD (Dist) (SHLG.L) at 7.69%. This indicates that BKCG.L's price experiences larger fluctuations and is considered to be riskier than SHLG.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 | SHLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.30% | 7.69% | +11.61% |
Volatility (6M)Calculated over the trailing 6-month period | 45.66% | 15.08% | +30.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.15% | 19.11% | +48.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.54% | 18.97% | +55.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.54% | 18.87% | +55.67% |
BKCG.L vs. SHLG.L - Expense Ratio Comparison
BKCG.L has a 0.50% expense ratio, which is higher than SHLG.L's 0.40% expense ratio.
Dividends
BKCG.L vs. SHLG.L - Dividend Comparison
BKCG.L has not paid dividends to shareholders, while SHLG.L's dividend yield for the trailing twelve months is around 0.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLG.L iShares Digital Security UCITS ETF USD (Dist) | 0.33% | 0.39% | 0.47% | 0.43% | 0.62% | 0.66% |
Frequently Asked Questions
BKCG.L and SHLG.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLG.L is cheaper with a 0.40% expense ratio, compared with 0.50% for BKCG.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for BKCG.L and 0.40% for SHLG.L.
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