BKCG.L vs. XFSN.L
BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) and XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Global X and DWS respectively. Both are passively managed. Over the past 3 years, BKCG.L returned 56.44%/yr vs 13.72%/yr for XFSN.L. A 0.55 correlation means they provide meaningful diversification when combined. BKCG.L charges 0.50%/yr vs 0.35%/yr for XFSN.L.
Performance
BKCG.L vs. XFSN.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 XFSN.L's -2.90% return.
BKCG.L
- 1D
- -3.52%
- 1M
- 10.26%
- YTD
- 35.75%
- 6M
- 10.16%
- 1Y
- 105.28%
- 3Y*
- 56.44%
- 5Y*
- —
- 10Y*
- —
XFSN.L
- 1D
- 0.59%
- 1M
- 5.60%
- YTD
- -2.90%
- 6M
- -4.80%
- 1Y
- -1.50%
- 3Y*
- 13.72%
- 5Y*
- —
- 10Y*
- —
BKCG.L vs. XFSN.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% | -58.18% |
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C | -2.90% | 2.93% | 34.89% | 21.37% | -7.30% |
Correlation
The correlation between BKCG.L and XFSN.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022 | 0.55 |
The correlation between BKCG.L and XFSN.L has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.
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Return for Risk
BKCG.L vs. XFSN.L — Risk / Return Rank
BKCG.L
XFSN.L
BKCG.L vs. XFSN.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 Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.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 | XFSN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.06 | +2.00 |
| Martin ratioReturn relative to average drawdown | 3.51 | -0.13 | +3.65 |
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 | XFSN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | -0.10 | +1.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.61 | -0.45 |
Drawdowns
BKCG.L vs. XFSN.L - Drawdown Comparison
The maximum BKCG.L drawdown since its inception was -82.56%, which is greater than XFSN.L's maximum drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for BKCG.L and XFSN.L.
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Drawdown Indicators
| BKCG.L | XFSN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.56% | -23.96% | -58.60% |
Max Drawdown (1Y)Largest decline over 1 year | -54.08% | -23.96% | -30.12% |
Max Drawdown (3Y)Largest decline over 3 years | -57.72% | -23.96% | -33.76% |
Current DrawdownCurrent decline from peak | -25.72% | -11.60% | -14.12% |
Average DrawdownAverage peak-to-trough decline | -43.37% | -6.19% | -37.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.84% | 11.38% | +18.46% |
Volatility
BKCG.L vs. XFSN.L - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a higher volatility of 19.30% compared to Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) at 4.10%. This indicates that BKCG.L's price experiences larger fluctuations and is considered to be riskier than XFSN.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 | XFSN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.30% | 4.10% | +15.20% |
Volatility (6M)Calculated over the trailing 6-month period | 45.66% | 11.66% | +34.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.15% | 15.56% | +51.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.54% | 18.54% | +56.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.54% | 18.54% | +56.00% |
BKCG.L vs. XFSN.L - Expense Ratio Comparison
BKCG.L has a 0.50% expense ratio, which is higher than XFSN.L's 0.35% expense ratio.
Dividends
BKCG.L vs. XFSN.L - Dividend Comparison
Neither BKCG.L nor XFSN.L has paid dividends to shareholders.
Frequently Asked Questions
BKCG.L and XFSN.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFSN.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFSN.L is cheaper with a 0.35% 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 DWS. Their fees differ too: 0.50% for BKCG.L and 0.35% for XFSN.L.
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