BNXG.DE vs. E500.DE

Last updated Jun 5, 2026

BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both exchange-traded funds - BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity, while E500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, BNXG.DE returned 12.34%/yr vs 11.18%/yr for E500.DE. A 0.65 correlation means they provide meaningful diversification when combined. BNXG.DE charges 0.65%/yr vs 0.05%/yr for E500.DE.

Performance

BNXG.DE vs. E500.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 Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNXG.DE achieves a 25.60% return, which is significantly higher than E500.DE's 8.91% 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*: —

E500.DE

• 1D: 0.01%
• 1M: 4.31%
• YTD: 8.91%
• 6M: 9.68%
• 1Y: 24.57%
• 3Y*: 19.53%
• 5Y*: 11.18%
• 10Y*: 12.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNXG.DE vs. E500.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%
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg)	8.91%	15.32%	22.74%	23.33%	-21.41%	28.61%	16.03%	13.15%

Correlation

The correlation between BNXG.DE and E500.DE is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Mar 18, 2019	0.65

The correlation between BNXG.DE and E500.DE has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

Return for Risk

BNXG.DE vs. E500.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNXG.DE

BNXG.DE Risk / Return Rank: 37
BNXG.DE Sharpe Ratio Rank: 41
BNXG.DE Sortino Ratio Rank: 40
BNXG.DE Omega Ratio Rank: 36
BNXG.DE Calmar Ratio Rank: 39
BNXG.DE Martin Ratio Rank: 28

E500.DE

E500.DE Risk / Return Rank: 63
E500.DE Sharpe Ratio Rank: 63
E500.DE Sortino Ratio Rank: 67
E500.DE Omega Ratio Rank: 63
E500.DE Calmar Ratio Rank: 57
E500.DE Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNXG.DE vs. E500.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 S&P 500 UCITS ETF (EUR Hdg) (E500.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	E500.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.08	-0.65
Sortino ratio: Return per unit of downside risk	2.02	3.04	-1.02
Omega ratio: Gain probability vs. loss probability	1.24	1.37	-0.14
Calmar ratio: Return relative to maximum drawdown	1.92	2.80	-0.88
Martin ratio: Return relative to average drawdown	3.89	11.96	-8.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNXG.DE vs. E500.DE - Sharpe Ratio Comparison

The current BNXG.DE Sharpe Ratio is 1.43, which is lower than the E500.DE Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of BNXG.DE and E500.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BNXG.DE	E500.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	2.08	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.69	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.73	-0.07

Drawdowns

BNXG.DE vs. E500.DE - Drawdown Comparison

The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than E500.DE's maximum drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and E500.DE.

Drawdown Indicators

	BNXG.DE	E500.DE	Difference
Max Drawdown Largest peak-to-trough decline	-57.23%	-34.20%	-23.03%
Max Drawdown (1Y) Largest decline over 1 year	-29.72%	-8.73%	-20.99%
Max Drawdown (3Y) Largest decline over 3 years	-38.54%	-18.50%	-20.04%
Max Drawdown (5Y) Largest decline over 5 years	-57.23%	-25.83%	-31.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.20%	—
Current Drawdown Current decline from peak	-4.77%	-0.59%	-4.18%
Average Drawdown Average peak-to-trough decline	-21.04%	-4.97%	-16.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.69%	2.05%	+12.64%

Volatility

BNXG.DE vs. E500.DE - Volatility Comparison

Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a higher volatility of 9.95% compared to Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) at 3.11%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than E500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNXG.DE	E500.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	3.11%	+6.84%
Volatility (6M) Calculated over the trailing 6-month period	25.00%	8.64%	+16.36%
Volatility (1Y) Calculated over the trailing 1-year period	39.88%	11.77%	+28.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.22%	15.99%	+20.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.37%	16.61%	+18.76%

BNXG.DE vs. E500.DE - Expense Ratio Comparison

BNXG.DE has a 0.65% expense ratio, which is higher than E500.DE's 0.05% expense ratio.

Dividends

BNXG.DE vs. E500.DE - Dividend Comparison

Neither BNXG.DE nor E500.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BNXG.DE and E500.DE in my portfolio?

BNXG.DE and E500.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNXG.DE or E500.DE?

On fees, E500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNXG.DE or E500.DE?

E500.DE is cheaper with a 0.05% expense ratio, compared with 0.65% for BNXG.DE.

What is the main difference between BNXG.DE and E500.DE?

BNXG.DE is categorized as Technology Equities, while E500.DE is S&P 500. BNXG.DE tracks CoinShares Blockchain Global Equity, while E500.DE tracks S&P 500 Index. Their fees differ too: 0.65% for BNXG.DE and 0.05% for E500.DE.