BNXG.DE vs. EQEU.DE
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and EQEU.DE (Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged) are both exchange-traded funds - BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity, while EQEU.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index. Both are passively managed. Over the past 5 years, BNXG.DE returned 9.99%/yr vs 11.77%/yr for EQEU.DE. A 0.66 correlation means they provide meaningful diversification when combined. BNXG.DE charges 0.65%/yr vs 0.35%/yr for EQEU.DE.
Performance
BNXG.DE vs. EQEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BNXG.DE achieves a 10.93% return, which is significantly higher than EQEU.DE's 10.29% return.
BNXG.DE
- 1D
- -4.08%
- 1M
- -14.08%
- 6M
- -2.94%
- YTD
- 10.93%
- 1Y
- 15.98%
- 3Y*
- 31.52%
- 5Y*
- 9.99%
- 10Y*
- —
EQEU.DE
- 1D
- -2.27%
- 1M
- -5.16%
- 6M
- 10.35%
- YTD
- 10.29%
- 1Y
- 20.89%
- 3Y*
- 20.16%
- 5Y*
- 11.77%
- 10Y*
- —
BNXG.DE vs. EQEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 10.93% | 30.08% | 24.44% | 61.89% | -49.28% | 37.62% | 73.66% | 4.40% |
EQEU.DE Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged | 10.29% | 18.24% | 24.15% | 51.95% | -36.56% | 27.85% | 45.20% | 21.22% |
Correlation
The correlation between BNXG.DE and EQEU.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.66 |
The correlation between BNXG.DE and EQEU.DE has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
BNXG.DE vs. EQEU.DE — Risk / Return Rank
BNXG.DE
EQEU.DE
BNXG.DE vs. EQEU.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 EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNXG.DE | EQEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.73 | -1.19 |
| Martin ratioReturn relative to average drawdown | 1.06 | 5.66 | -4.60 |
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Drawdowns
BNXG.DE vs. EQEU.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than EQEU.DE's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and EQEU.DE.
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Drawdown Indicators
| BNXG.DE | EQEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -37.97% | -19.26% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -12.02% | -17.70% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | -22.08% | -16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | -37.97% | -19.26% |
Current DrawdownCurrent decline from peak | -17.01% | -6.95% | -10.06% |
Average DrawdownAverage peak-to-trough decline | -21.11% | -7.91% | -13.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.07% | 3.68% | +11.39% |
Volatility
BNXG.DE vs. EQEU.DE - Volatility Comparison
Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a higher volatility of 9.95% compared to Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.DE) at 6.21%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than EQEU.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 | EQEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 6.21% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 26.32% | 13.90% | +12.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.12% | 17.56% | +23.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.60% | 21.05% | +15.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.63% | 20.98% | +14.65% |
BNXG.DE vs. EQEU.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than EQEU.DE's 0.35% expense ratio.
Dividends
BNXG.DE vs. EQEU.DE - Dividend Comparison
Neither BNXG.DE nor EQEU.DE has paid dividends to shareholders.
Frequently Asked Questions
BNXG.DE and EQEU.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQEU.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQEU.DE is cheaper with a 0.35% expense ratio, compared with 0.65% for BNXG.DE.
BNXG.DE is categorized as Technology Equities, while EQEU.DE is Nasdaq-100. BNXG.DE tracks CoinShares Blockchain Global Equity, while EQEU.DE tracks NASDAQ-100 Notional Net Total Return Index. Their fees differ too: 0.65% for BNXG.DE and 0.35% for EQEU.DE.
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