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BNXG.DE vs. BTCE.DE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BNXG.DE and BTCE.DE is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

BNXG.DE vs. BTCE.DE

Last updated Jun 2, 2025

Compare and contrast key facts about Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) and ETC Group Physical Bitcoin (BTCE.DE).

BNXG.DE and BTCE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNXG.DE is a passively managed fund by Invesco that tracks the performance of the CoinShares Blockchain Global Equity. It was launched on Mar 8, 2019. BTCE.DE is an actively managed fund by ETC Issuance. It was launched on Jun 8, 2020.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNXG.DE or BTCE.DE.

Performance

BNXG.DE vs. BTCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) and ETC Group Physical Bitcoin (BTCE.DE). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BNXG.DE:

0.45

BTCE.DE:

0.91

Sortino Ratio

BNXG.DE:

0.93

BTCE.DE:

1.52

Omega Ratio

BNXG.DE:

1.12

BTCE.DE:

1.20

Calmar Ratio

BNXG.DE:

0.54

BTCE.DE:

1.47

Martin Ratio

BNXG.DE:

1.32

BTCE.DE:

3.21

Ulcer Index

BNXG.DE:

15.77%

BTCE.DE:

14.68%

Daily Std Dev

BNXG.DE:

42.31%

BTCE.DE:

48.57%

Max Drawdown

BNXG.DE:

-57.23%

BTCE.DE:

-74.62%

Current Drawdown

BNXG.DE:

-15.71%

BTCE.DE:

-9.36%

Returns By Period

In the year-to-date period, BNXG.DE achieves a -1.65% return, which is significantly lower than BTCE.DE's 3.15% return.

BNXG.DE

YTD

-1.65%

1M

12.04%

6M

-12.09%

1Y

20.80%

3Y*

11.23%

5Y*

18.31%

10Y*

N/A

BTCE.DE

YTD

3.15%

1M

8.13%

6M

-1.17%

1Y

47.12%

3Y*

43.82%

5Y*

N/A

10Y*

N/A

*Annualized

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Invesco CoinShares Global Blockchain UCITS ETF Acc

ETC Group Physical Bitcoin

BNXG.DE vs. BTCE.DE - Expense Ratio Comparison

BNXG.DE has a 0.65% expense ratio, which is lower than BTCE.DE's 2.00% expense ratio.

BTCE.DE
ETC Group Physical Bitcoin
BNXG.DE
Invesco CoinShares Global Blockchain UCITS ETF Acc
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

BNXG.DE vs. BTCE.DE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BNXG.DE
The Risk-Adjusted Performance Rank of BNXG.DE is 4747
Overall Rank
The Sharpe Ratio Rank of BNXG.DE is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of BNXG.DE is 5353
Sortino Ratio Rank
The Omega Ratio Rank of BNXG.DE is 4747
Omega Ratio Rank
The Calmar Ratio Rank of BNXG.DE is 5555
Calmar Ratio Rank
The Martin Ratio Rank of BNXG.DE is 3939
Martin Ratio Rank
BTCE.DE
The Risk-Adjusted Performance Rank of BTCE.DE is 7878
Overall Rank
The Sharpe Ratio Rank of BTCE.DE is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of BTCE.DE is 7979
Sortino Ratio Rank
The Omega Ratio Rank of BTCE.DE is 7777
Omega Ratio Rank
The Calmar Ratio Rank of BTCE.DE is 8787
Calmar Ratio Rank
The Martin Ratio Rank of BTCE.DE is 7272
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BNXG.DE vs. BTCE.DE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) and ETC Group Physical Bitcoin (BTCE.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.

The current BNXG.DE Sharpe Ratio is 0.45, which is lower than the BTCE.DE Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of BNXG.DE and BTCE.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

BNXG.DE vs. BTCE.DE - Dividend Comparison

Neither BNXG.DE nor BTCE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BNXG.DE vs. BTCE.DE - Drawdown Comparison

The maximum BNXG.DE drawdown since its inception was -57.23%, smaller than the maximum BTCE.DE drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and BTCE.DE.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

BNXG.DE vs. BTCE.DE - Volatility Comparison

Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a higher volatility of 14.83% compared to ETC Group Physical Bitcoin (BTCE.DE) at 9.09%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than BTCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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