BNXG.DE vs. 2B70.DE
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and 2B70.DE (iShares Nasdaq US Biotechnology UCITS ETF) are both exchange-traded funds - BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity, while 2B70.DE is a Health & Biotech Equities fund tracking the Nasdaq Biotechnology. Both are passively managed. Over the past 5 years, BNXG.DE returned 12.34%/yr vs 5.68%/yr for 2B70.DE. At a 0.45 correlation, their price movements are largely independent. BNXG.DE charges 0.65%/yr vs 0.35%/yr for 2B70.DE.
Performance
BNXG.DE vs. 2B70.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BNXG.DE achieves a 25.60% return, which is significantly higher than 2B70.DE's 4.53% return.
BNXG.DE
- 1D
- -2.38%
- 1M
- 4.50%
- YTD
- 25.60%
- 6M
- 18.37%
- 1Y
- 54.31%
- 3Y*
- 42.07%
- 5Y*
- 12.34%
- 10Y*
- —
2B70.DE
- 1D
- 3.29%
- 1M
- 0.58%
- YTD
- 4.53%
- 6M
- 4.05%
- 1Y
- 39.50%
- 3Y*
- 10.00%
- 5Y*
- 5.68%
- 10Y*
- —
BNXG.DE vs. 2B70.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.60% | 30.08% | 24.44% | 61.89% | -49.28% | 37.62% | 73.64% | 15.23% |
2B70.DE iShares Nasdaq US Biotechnology UCITS ETF | 4.53% | 18.62% | 4.60% | 2.56% | -6.29% | 7.59% | 14.52% | 7.97% |
Correlation
The correlation between BNXG.DE and 2B70.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2019 | 0.45 |
The correlation between BNXG.DE and 2B70.DE shifts across timeframes, from 0.34 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BNXG.DE vs. 2B70.DE — Risk / Return Rank
BNXG.DE
2B70.DE
BNXG.DE vs. 2B70.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) and iShares Nasdaq US Biotechnology UCITS ETF (2B70.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.
| BNXG.DE | 2B70.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 6.15 | -4.24 |
| Martin ratioReturn relative to average drawdown | 3.89 | 17.06 | -13.16 |
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
| BNXG.DE | 2B70.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.04 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.28 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.36 | +0.30 |
Drawdowns
BNXG.DE vs. 2B70.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than 2B70.DE's maximum drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and 2B70.DE.
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Drawdown Indicators
| BNXG.DE | 2B70.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -30.87% | -26.36% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -6.33% | -23.39% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | -29.34% | -9.20% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | -30.87% | -26.36% |
Current DrawdownCurrent decline from peak | -4.77% | -1.26% | -3.51% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -10.01% | -11.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 2.29% | +12.40% |
Volatility
BNXG.DE vs. 2B70.DE - Volatility Comparison
Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a higher volatility of 9.95% compared to iShares Nasdaq US Biotechnology UCITS ETF (2B70.DE) at 6.65%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than 2B70.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNXG.DE | 2B70.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 6.65% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 14.26% | +10.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 19.09% | +20.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 20.34% | +15.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.37% | 21.76% | +13.61% |
BNXG.DE vs. 2B70.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than 2B70.DE's 0.35% expense ratio.
Dividends
BNXG.DE vs. 2B70.DE - Dividend Comparison
Neither BNXG.DE nor 2B70.DE has paid dividends to shareholders.
Frequently Asked Questions
BNXG.DE and 2B70.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B70.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B70.DE is cheaper with a 0.35% expense ratio, compared with 0.65% for BNXG.DE.
BNXG.DE is categorized as Technology Equities, while 2B70.DE is Health & Biotech Equities. BNXG.DE tracks CoinShares Blockchain Global Equity, while 2B70.DE tracks Nasdaq Biotechnology. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.65% for BNXG.DE and 0.35% for 2B70.DE.
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