BNXG.DE vs. CLOA.DE
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) are both exchange-traded funds - BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity, while CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Both are passively managed. Over the past year, BNXG.DE returned 54.31% vs 3.48% for CLOA.DE. At a correlation of -0.03, they often move in opposite directions. BNXG.DE charges 0.65%/yr vs 0.25%/yr for CLOA.DE.
Performance
BNXG.DE vs. CLOA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BNXG.DE achieves a 25.60% return, which is significantly higher than CLOA.DE's 1.37% 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*
- —
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.34%
- YTD
- 1.37%
- 6M
- 1.83%
- 1Y
- 3.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNXG.DE vs. CLOA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.60% | 19.90% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
Correlation
The correlation between BNXG.DE and CLOA.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BNXG.DE vs. CLOA.DE — Risk / Return Rank
BNXG.DE
CLOA.DE
BNXG.DE vs. CLOA.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 Invesco EUR AAA CLO UCITS ETF Acc (CLOA.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 | CLOA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.55 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 11.09 | -9.17 |
| Martin ratioReturn relative to average drawdown | 3.89 | 35.06 | -31.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BNXG.DE | CLOA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.68 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 2.31 | -1.65 |
Drawdowns
BNXG.DE vs. CLOA.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than CLOA.DE's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and CLOA.DE.
Loading charts...
Drawdown Indicators
| BNXG.DE | CLOA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -0.49% | -56.74% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -0.31% | -29.41% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | — | — |
Current DrawdownCurrent decline from peak | -4.77% | -0.02% | -4.75% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -0.09% | -20.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 0.10% | +14.59% |
Volatility
BNXG.DE vs. CLOA.DE - Volatility Comparison
Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a higher volatility of 9.95% compared to Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) at 0.43%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than CLOA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BNXG.DE | CLOA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 0.43% | +9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 0.95% | +24.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 1.30% | +38.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 1.42% | +34.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.37% | 1.42% | +33.95% |
BNXG.DE vs. CLOA.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than CLOA.DE's 0.25% expense ratio.
Dividends
BNXG.DE vs. CLOA.DE - Dividend Comparison
Neither BNXG.DE nor CLOA.DE has paid dividends to shareholders.
Frequently Asked Questions
BNXG.DE and CLOA.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLOA.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLOA.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for BNXG.DE.
BNXG.DE is categorized as Technology Equities, while CLOA.DE is CLO. BNXG.DE tracks CoinShares Blockchain Global Equity, while CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Their fees differ too: 0.65% for BNXG.DE and 0.25% for CLOA.DE.
Find the right allocation for BNXG.DE and CLOA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer