Correlation
The correlation between BLCN and FINX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BLCN vs. FINX
Compare and contrast key facts about Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and Global X FinTech ETF (FINX).
BLCN and FINX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLCN is a passively managed fund by SRN Advisors that tracks the performance of the Siren NASDAQ Blockchain Economy Index. It was launched on Jan 17, 2018. FINX is a passively managed fund by Global X that tracks the performance of the Indxx Global FinTech Thematic Index. It was launched on Sep 12, 2016. Both BLCN and FINX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLCN or FINX.
Performance
BLCN vs. FINX - Performance Comparison
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Key characteristics
BLCN:
-0.46
FINX:
0.81
BLCN:
-0.52
FINX:
1.19
BLCN:
0.94
FINX:
1.15
BLCN:
-0.34
FINX:
0.40
BLCN:
-1.21
FINX:
2.22
BLCN:
19.24%
FINX:
9.24%
BLCN:
45.00%
FINX:
28.72%
BLCN:
-67.51%
FINX:
-63.53%
BLCN:
-59.18%
FINX:
-38.07%
Returns By Period
In the year-to-date period, BLCN achieves a -18.99% return, which is significantly lower than FINX's -1.83% return.
BLCN
-18.99%
5.11%
-27.91%
-20.36%
-11.03%
-4.08%
N/A
FINX
-1.83%
7.24%
-8.92%
22.98%
6.47%
0.35%
N/A
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BLCN vs. FINX - Expense Ratio Comparison
Both BLCN and FINX have an expense ratio of 0.68%.
Risk-Adjusted Performance
BLCN vs. FINX — Risk-Adjusted Performance Rank
BLCN
FINX
BLCN vs. FINX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and Global X FinTech ETF (FINX). 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.
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Dividends
BLCN vs. FINX - Dividend Comparison
BLCN's dividend yield for the trailing twelve months is around 0.61%, less than FINX's 0.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 0.61% | 0.67% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.15% | 0.00% |
FINX Global X FinTech ETF | 0.73% | 0.72% | 0.21% | 0.27% | 5.40% | 0.00% | 0.00% | 0.18% | 0.11% |
Drawdowns
BLCN vs. FINX - Drawdown Comparison
The maximum BLCN drawdown since its inception was -67.51%, which is greater than FINX's maximum drawdown of -63.53%. Use the drawdown chart below to compare losses from any high point for BLCN and FINX.
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Volatility
BLCN vs. FINX - Volatility Comparison
Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) has a higher volatility of 15.70% compared to Global X FinTech ETF (FINX) at 7.00%. This indicates that BLCN's price experiences larger fluctuations and is considered to be riskier than FINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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