BLCH.DE vs. ED3F.DE
BLCH.DE (Global X Blockchain UCITS ETF USD Accumulating) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - BLCH.DE is a Technology Equities fund tracking the Solactive Blockchain, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, BLCH.DE returned 94.65% vs -4.47% for ED3F.DE. At a 0.34 correlation, their price movements are largely independent. BLCH.DE charges 0.50%/yr vs 0.40%/yr for ED3F.DE.
Performance
BLCH.DE vs. ED3F.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 ED3F.DE's 0.02% return.
BLCH.DE
- 1D
- -4.18%
- 1M
- -0.70%
- YTD
- 32.88%
- 6M
- 14.42%
- 1Y
- 94.65%
- 3Y*
- 56.73%
- 5Y*
- —
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLCH.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLCH.DE Global X Blockchain UCITS ETF USD Accumulating | 32.88% | 48.83% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between BLCH.DE and ED3F.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.34 |
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Return for Risk
BLCH.DE vs. ED3F.DE — Risk / Return Rank
BLCH.DE
ED3F.DE
BLCH.DE vs. ED3F.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 Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.01 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.08 | +1.91 |
| Martin ratioReturn relative to average drawdown | 3.38 | -0.18 | +3.56 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | -0.06 | +1.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.15 | 0.00 |
Drawdowns
BLCH.DE vs. ED3F.DE - Drawdown Comparison
The maximum BLCH.DE drawdown since its inception was -83.29%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for BLCH.DE and ED3F.DE.
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Drawdown Indicators
| BLCH.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.29% | -23.91% | -59.38% |
Max Drawdown (1Y)Largest decline over 1 year | -54.12% | -23.91% | -30.21% |
Max Drawdown (3Y)Largest decline over 3 years | -60.08% | — | — |
Current DrawdownCurrent decline from peak | -24.94% | -20.80% | -4.14% |
Average DrawdownAverage peak-to-trough decline | -44.08% | -8.37% | -35.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.42% | 10.25% | +19.17% |
Volatility
BLCH.DE vs. ED3F.DE - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) has a higher volatility of 16.11% compared to Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) at 10.58%. This indicates that BLCH.DE's price experiences larger fluctuations and is considered to be riskier than ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 10.58% | +5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 46.03% | 22.80% | +23.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.91% | 30.60% | +37.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.21% | 30.42% | +43.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.21% | 30.42% | +43.79% |
BLCH.DE vs. ED3F.DE - Expense Ratio Comparison
BLCH.DE has a 0.50% expense ratio, which is higher than ED3F.DE's 0.40% expense ratio.
Dividends
BLCH.DE vs. ED3F.DE - Dividend Comparison
Neither BLCH.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
BLCH.DE and ED3F.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ED3F.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ED3F.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for BLCH.DE.
BLCH.DE is categorized as Technology Equities, while ED3F.DE is Aerospace & Defense. BLCH.DE tracks Solactive Blockchain, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. Their fees differ too: 0.50% for BLCH.DE and 0.40% for ED3F.DE.
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