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.
Key characteristics
| BLCN | FINX | |
|---|---|---|
| YTD Return | 2.48% | 5.77% |
| 1Y Return | -28.74% | -17.71% |
| 5Y Return (Ann) | -1.29% | -3.41% |
| 10Y Return (Ann) | -1.92% | 5.74% |
| Sharpe Ratio | -0.84 | -0.41 |
| Daily Std Dev | 32.47% | 36.55% |
| Max Drawdown | -61.88% | -63.11% |
Correlation
The correlation between BLCN and FINX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
BLCN vs. FINX - Performance Comparison
In the year-to-date period, BLCN achieves a 2.48% return, which is significantly lower than FINX's 5.77% return. Over the past 10 years, BLCN has underperformed FINX with an annualized return of -1.92%, while FINX has yielded a comparatively higher 5.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BLCN vs. FINX - Dividend Comparison
BLCN's dividend yield for the trailing twelve months is around 1.34%, more than FINX's 0.26% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 1.34% | 1.28% | 0.57% | 0.59% | 1.48% | 1.21% | 0.00% |
FINX Global X FinTech ETF | 0.26% | 0.27% | 5.42% | 0.00% | 0.00% | 0.18% | 0.12% |
BLCN vs. FINX - Expense Ratio Comparison
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | -0.84 | ||||
FINX Global X FinTech ETF | -0.41 |
BLCN vs. FINX - Drawdown Comparison
The maximum BLCN drawdown for the period was -61.88%, roughly equal to the maximum FINX drawdown of -63.11%. The drawdown chart below compares losses from any high point along the way for BLCN and FINX
BLCN vs. FINX - Volatility Comparison
Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) has a higher volatility of 8.95% compared to Global X FinTech ETF (FINX) at 7.23%. 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.