BLCH.DE vs. ZPDT.DE
BLCH.DE (Global X Blockchain UCITS ETF USD Accumulating) and ZPDT.DE (SPDR S&P US Technology Select Sector UCITS ETF) are both Technology Equities funds - BLCH.DE tracks the Solactive Blockchain while ZPDT.DE tracks the S&P Technology Select Sector. Both are passively managed. Over the past 3 years, BLCH.DE returned 56.73%/yr vs 26.33%/yr for ZPDT.DE. At a 0.49 correlation, their price movements are largely independent. BLCH.DE charges 0.50%/yr vs 0.15%/yr for ZPDT.DE.
Performance
BLCH.DE vs. ZPDT.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 ZPDT.DE's 24.09% return.
BLCH.DE
- 1D
- -4.18%
- 1M
- -0.70%
- YTD
- 32.88%
- 6M
- 14.42%
- 1Y
- 94.65%
- 3Y*
- 56.73%
- 5Y*
- —
- 10Y*
- —
ZPDT.DE
- 1D
- -2.28%
- 1M
- 11.72%
- YTD
- 24.09%
- 6M
- 22.52%
- 1Y
- 48.51%
- 3Y*
- 26.33%
- 5Y*
- 22.38%
- 10Y*
- 24.05%
BLCH.DE vs. ZPDT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BLCH.DE Global X Blockchain UCITS ETF USD Accumulating | 32.88% | 20.01% | 12.63% | 318.01% | -78.59% |
ZPDT.DE SPDR S&P US Technology Select Sector UCITS ETF | 24.09% | 11.31% | 29.30% | 52.02% | -12.75% |
Correlation
The correlation between BLCH.DE and ZPDT.DE 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 | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.49 |
The correlation between BLCH.DE and ZPDT.DE has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
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Return for Risk
BLCH.DE vs. ZPDT.DE — Risk / Return Rank
BLCH.DE
ZPDT.DE
BLCH.DE vs. ZPDT.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 SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.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 | ZPDT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.19 | -1.35 |
| Martin ratioReturn relative to average drawdown | 3.38 | 8.35 | -4.97 |
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 | ZPDT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.43 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.99 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.03 | -0.87 |
Drawdowns
BLCH.DE vs. ZPDT.DE - Drawdown Comparison
The maximum BLCH.DE drawdown since its inception was -83.29%, which is greater than ZPDT.DE's maximum drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for BLCH.DE and ZPDT.DE.
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Drawdown Indicators
| BLCH.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.29% | -31.48% | -51.81% |
Max Drawdown (1Y)Largest decline over 1 year | -54.12% | -15.47% | -38.65% |
Max Drawdown (3Y)Largest decline over 3 years | -60.08% | -29.50% | -30.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.48% | — |
Current DrawdownCurrent decline from peak | -24.94% | -3.09% | -21.85% |
Average DrawdownAverage peak-to-trough decline | -44.08% | -5.68% | -38.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.42% | 5.91% | +23.51% |
Volatility
BLCH.DE vs. ZPDT.DE - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) has a higher volatility of 16.11% compared to SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.DE) at 7.06%. This indicates that BLCH.DE's price experiences larger fluctuations and is considered to be riskier than ZPDT.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 | ZPDT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 7.06% | +9.05% |
Volatility (6M)Calculated over the trailing 6-month period | 46.03% | 14.78% | +31.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.91% | 20.30% | +47.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.21% | 22.33% | +51.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.21% | 21.38% | +52.83% |
BLCH.DE vs. ZPDT.DE - Expense Ratio Comparison
BLCH.DE has a 0.50% expense ratio, which is higher than ZPDT.DE's 0.15% expense ratio.
Dividends
BLCH.DE vs. ZPDT.DE - Dividend Comparison
Neither BLCH.DE nor ZPDT.DE has paid dividends to shareholders.
Frequently Asked Questions
BLCH.DE and ZPDT.DE 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, ZPDT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDT.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for BLCH.DE.
BLCH.DE tracks Solactive Blockchain, while ZPDT.DE tracks S&P Technology Select Sector. They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for BLCH.DE and 0.15% for ZPDT.DE.
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