BKCG.L vs. XSTC.L

Last updated Jun 5, 2026

BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) and XSTC.L (Xtrackers MSCI USA Information Technology UCITS ETF 1D) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Global X and Xtrackers respectively. Both are passively managed. Over the past 3 years, BKCG.L returned 56.44%/yr vs 30.65%/yr for XSTC.L. At a 0.49 correlation, their price movements are largely independent. BKCG.L charges 0.50%/yr vs 0.12%/yr for XSTC.L.

Performance

BKCG.L vs. XSTC.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 Xtrackers MSCI USA Information Technology UCITS ETF 1D (XSTC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BKCG.L is traded in GBP, while XSTC.L is traded in GBp. To make them comparable, the XSTC.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 XSTC.L's 23.32% return.

BKCG.L

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

XSTC.L

• 1D: -2.13%
• 1M: 14.77%
• YTD: 23.32%
• 6M: 22.05%
• 1Y: 53.36%
• 3Y*: 30.65%
• 5Y*: 24.21%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKCG.L vs. XSTC.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%
XSTC.L Xtrackers MSCI USA Information Technology UCITS ETF 1D	23.32%	14.31%	39.50%	48.82%	-9.59%

Correlation

The correlation between BKCG.L and XSTC.L is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022	0.49

The correlation between BKCG.L and XSTC.L has been stable across timeframes, ranging from 0.43 to 0.50 - a consistent structural relationship.

Return for Risk

BKCG.L vs. XSTC.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: 38
BKCG.L Sharpe Ratio Rank: 46
BKCG.L Sortino Ratio Rank: 42
BKCG.L Omega Ratio Rank: 39
BKCG.L Calmar Ratio Rank: 40
BKCG.L Martin Ratio Rank: 26

XSTC.L

XSTC.L Risk / Return Rank: 70
XSTC.L Sharpe Ratio Rank: 84
XSTC.L Sortino Ratio Rank: 78
XSTC.L Omega Ratio Rank: 76
XSTC.L Calmar Ratio Rank: 63
XSTC.L Martin Ratio Rank: 48

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. XSTC.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 USA Information Technology UCITS ETF 1D (XSTC.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	XSTC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.70	-1.14
Sortino ratio: Return per unit of downside risk	2.07	3.45	-1.38
Omega ratio: Gain probability vs. loss probability	1.25	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	1.94	3.04	-1.10
Martin ratio: Return relative to average drawdown	3.51	7.79	-4.28
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. XSTC.L - Sharpe Ratio Comparison

The current BKCG.L Sharpe Ratio is 1.56, which is lower than the XSTC.L Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of BKCG.L and XSTC.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.

Sharpe Ratios by Period

	BKCG.L	XSTC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	2.70	-1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	1.14	-0.97

Drawdowns

BKCG.L vs. XSTC.L - Drawdown Comparison

The maximum BKCG.L drawdown since its inception was -82.56%, which is greater than XSTC.L's maximum drawdown of -29.30%. Use the drawdown chart below to compare losses from any high point for BKCG.L and XSTC.L.

Drawdown Indicators

	BKCG.L	XSTC.L	Difference
Max Drawdown Largest peak-to-trough decline	-82.56%	-29.30%	-53.26%
Max Drawdown (1Y) Largest decline over 1 year	-54.08%	-17.49%	-36.59%
Max Drawdown (3Y) Largest decline over 3 years	-57.72%	-29.30%	-28.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.30%	—
Current Drawdown Current decline from peak	-25.72%	-2.71%	-23.01%
Average Drawdown Average peak-to-trough decline	-43.37%	-6.30%	-37.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.84%	6.83%	+23.01%

Volatility

BKCG.L vs. XSTC.L - Volatility Comparison

Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a higher volatility of 19.30% compared to Xtrackers MSCI USA Information Technology UCITS ETF 1D (XSTC.L) at 7.05%. This indicates that BKCG.L's price experiences larger fluctuations and is considered to be riskier than XSTC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCG.L	XSTC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.30%	7.05%	+12.25%
Volatility (6M) Calculated over the trailing 6-month period	45.66%	14.45%	+31.21%
Volatility (1Y) Calculated over the trailing 1-year period	67.15%	19.63%	+47.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.54%	22.22%	+52.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.54%	22.43%	+52.11%

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

BKCG.L has a 0.50% expense ratio, which is higher than XSTC.L's 0.12% expense ratio.

Dividends

BKCG.L vs. XSTC.L - Dividend Comparison

BKCG.L has not paid dividends to shareholders, while XSTC.L's dividend yield for the trailing twelve months is around 0.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BKCG.L Global X Blockchain UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSTC.L Xtrackers MSCI USA Information Technology UCITS ETF 1D	0.26%	0.33%	0.37%	0.53%	1.08%	0.53%	0.63%	0.60%

Frequently Asked Questions

Can I hold both BKCG.L and XSTC.L in my portfolio?

BKCG.L and XSTC.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKCG.L or XSTC.L?

On fees, XSTC.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKCG.L or XSTC.L?

XSTC.L is cheaper with a 0.12% expense ratio, compared with 0.50% for BKCG.L.

What is the main difference between BKCG.L and XSTC.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Global X and Xtrackers. Their fees differ too: 0.50% for BKCG.L and 0.12% for XSTC.L.