BNXG.DE vs. BCHN.L
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and BCHN.L (Invesco Elwood Global Blockchain Ucits ETF) are both Technology Equities funds from Invesco - BNXG.DE tracks the CoinShares Blockchain Global Equity while BCHN.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, BNXG.DE returned 12.34%/yr vs 12.39%/yr for BCHN.L. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.65% expense ratio.
Performance
BNXG.DE vs. BCHN.L - Performance Comparison
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Different Trading Currencies
BNXG.DE is traded in EUR, while BCHN.L is traded in USD. To make them comparable, the BCHN.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BNXG.DE achieves a 25.60% return, which is significantly lower than BCHN.L's 27.25% return.
BNXG.DE
- 1D
- -2.38%
- 1M
- 9.75%
- YTD
- 25.60%
- 6M
- 16.57%
- 1Y
- 57.31%
- 3Y*
- 42.07%
- 5Y*
- 12.34%
- 10Y*
- —
BCHN.L
- 1D
- -2.26%
- 1M
- 11.31%
- YTD
- 27.25%
- 6M
- 16.79%
- 1Y
- 58.52%
- 3Y*
- 42.08%
- 5Y*
- 12.39%
- 10Y*
- —
BNXG.DE vs. BCHN.L - 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% |
BCHN.L Invesco Elwood Global Blockchain Ucits ETF | 27.25% | 28.23% | 25.05% | 61.40% | -49.05% | 33.25% | 80.24% | 14.42% |
Correlation
The correlation between BNXG.DE and BCHN.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2019 | 0.90 |
The correlation between BNXG.DE and BCHN.L has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
BNXG.DE vs. BCHN.L — Risk / Return Rank
BNXG.DE
BCHN.L
BNXG.DE vs. BCHN.L - 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 Invesco Elwood Global Blockchain Ucits ETF (BCHN.L). 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 | BCHN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.88 | +0.04 |
| Martin ratioReturn relative to average drawdown | 3.89 | 3.83 | +0.06 |
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 | BCHN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.45 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.33 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.66 | 0.00 |
Drawdowns
BNXG.DE vs. BCHN.L - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, roughly equal to the maximum BCHN.L drawdown of -57.55%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and BCHN.L.
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Drawdown Indicators
| BNXG.DE | BCHN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -57.55% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -31.01% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | -38.62% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | -57.55% | +0.32% |
Current DrawdownCurrent decline from peak | -4.77% | -4.43% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -21.02% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 15.25% | -0.56% |
Volatility
BNXG.DE vs. BCHN.L - Volatility Comparison
The current volatility for Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) is 9.95%, while Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) has a volatility of 11.13%. This indicates that BNXG.DE experiences smaller price fluctuations and is considered to be less risky than BCHN.L 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 | BCHN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 11.13% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 26.37% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 40.27% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 37.90% | -1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.37% | 35.90% | -0.53% |
BNXG.DE vs. BCHN.L - Expense Ratio Comparison
Both BNXG.DE and BCHN.L have an expense ratio of 0.65%.
Dividends
BNXG.DE vs. BCHN.L - Dividend Comparison
Neither BNXG.DE nor BCHN.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, BNXG.DE and BCHN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BNXG.DE and BCHN.L have the same expense ratio: 0.65% per year.
BNXG.DE tracks CoinShares Blockchain Global Equity, while BCHN.L tracks MSCI World/Information Tech NR USD.
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