BLCH.DE vs. AIAA.DE
BLCH.DE (Global X Blockchain UCITS ETF USD Accumulating) and AIAA.DE (iShares AI Adopters & Applications UCITS ETF USD (Acc)) are both Technology Equities funds - BLCH.DE tracks the Solactive Blockchain while AIAA.DE tracks the STOXX Global AI Adopters and Applications Index. Both are passively managed. Over the past year, BLCH.DE returned 94.65% vs 6.08% for AIAA.DE. At a 0.44 correlation, their price movements are largely independent. BLCH.DE charges 0.50%/yr vs 0.35%/yr for AIAA.DE.
Performance
BLCH.DE vs. AIAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BLCH.DE achieves a 32.88% return, which is significantly higher than AIAA.DE's -1.50% return.
BLCH.DE
- 1D
- -4.18%
- 1M
- -0.70%
- YTD
- 32.88%
- 6M
- 14.42%
- 1Y
- 94.65%
- 3Y*
- 56.73%
- 5Y*
- —
- 10Y*
- —
AIAA.DE
- 1D
- 1.37%
- 1M
- 4.93%
- YTD
- -1.50%
- 6M
- -1.86%
- 1Y
- 6.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLCH.DE vs. AIAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BLCH.DE Global X Blockchain UCITS ETF USD Accumulating | 32.88% | 20.01% | -18.73% |
AIAA.DE iShares AI Adopters & Applications UCITS ETF USD (Acc) | -1.50% | 5.44% | -1.65% |
Correlation
The correlation between BLCH.DE and AIAA.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024 | 0.44 |
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Return for Risk
BLCH.DE vs. AIAA.DE — Risk / Return Rank
BLCH.DE
AIAA.DE
BLCH.DE vs. AIAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) and iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.DE). 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.
| BLCH.DE | AIAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.09 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.46 | +1.37 |
| Martin ratioReturn relative to average drawdown | 3.38 | 1.20 | +2.18 |
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
| BLCH.DE | AIAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.46 | +1.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.08 | +0.07 |
Drawdowns
BLCH.DE vs. AIAA.DE - Drawdown Comparison
The maximum BLCH.DE drawdown since its inception was -83.29%, which is greater than AIAA.DE's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for BLCH.DE and AIAA.DE.
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Drawdown Indicators
| BLCH.DE | AIAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.29% | -24.42% | -58.87% |
Max Drawdown (1Y)Largest decline over 1 year | -54.12% | -13.31% | -40.81% |
Max Drawdown (3Y)Largest decline over 3 years | -60.08% | — | — |
Current DrawdownCurrent decline from peak | -24.94% | -4.34% | -20.60% |
Average DrawdownAverage peak-to-trough decline | -44.08% | -7.45% | -36.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.42% | 5.12% | +24.30% |
Volatility
BLCH.DE vs. AIAA.DE - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) has a higher volatility of 16.11% compared to iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.DE) at 3.63%. This indicates that BLCH.DE's price experiences larger fluctuations and is considered to be riskier than AIAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLCH.DE | AIAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 3.63% | +12.48% |
Volatility (6M)Calculated over the trailing 6-month period | 46.03% | 10.08% | +35.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.91% | 13.43% | +54.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.21% | 17.46% | +56.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.21% | 17.46% | +56.75% |
BLCH.DE vs. AIAA.DE - Expense Ratio Comparison
BLCH.DE has a 0.50% expense ratio, which is higher than AIAA.DE's 0.35% expense ratio.
Dividends
BLCH.DE vs. AIAA.DE - Dividend Comparison
Neither BLCH.DE nor AIAA.DE has paid dividends to shareholders.
Frequently Asked Questions
BLCH.DE and AIAA.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIAA.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIAA.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for BLCH.DE.
BLCH.DE tracks Solactive Blockchain, while AIAA.DE tracks STOXX Global AI Adopters and Applications Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for BLCH.DE and 0.35% for AIAA.DE.
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