BNXG.DE vs. FWEA.DE
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, BNXG.DE returned 54.31% vs 25.98% for FWEA.DE. A 0.62 correlation means they provide meaningful diversification when combined. BNXG.DE charges 0.65%/yr vs 0.20%/yr for FWEA.DE.
Performance
BNXG.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BNXG.DE achieves a 25.60% return, which is significantly higher than FWEA.DE's 10.64% 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*
- —
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNXG.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.60% | 30.08% | 24.44% | 41.66% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between BNXG.DE and FWEA.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 (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.62 |
The correlation between BNXG.DE and FWEA.DE has been stable across timeframes, ranging from 0.62 to 0.62 - a consistent structural relationship.
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Return for Risk
BNXG.DE vs. FWEA.DE — Risk / Return Rank
BNXG.DE
FWEA.DE
BNXG.DE vs. FWEA.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 FTSE All-World UCITS ETF (FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.18 | -1.26 |
| Martin ratioReturn relative to average drawdown | 3.89 | 13.52 | -9.63 |
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 | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.30 | -0.87 |
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 | 1.51 | -0.85 |
Drawdowns
BNXG.DE vs. FWEA.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and FWEA.DE.
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Drawdown Indicators
| BNXG.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -17.48% | -39.75% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -8.28% | -21.44% |
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% | -0.81% | -3.96% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -1.86% | -19.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 1.95% | +12.74% |
Volatility
BNXG.DE vs. FWEA.DE - Volatility Comparison
Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a higher volatility of 9.95% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 3.36% | +6.59% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 8.93% | +16.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 11.45% | +28.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 12.72% | +23.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.37% | 12.72% | +22.65% |
BNXG.DE vs. FWEA.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio.
Dividends
BNXG.DE vs. FWEA.DE - Dividend Comparison
Neither BNXG.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
BNXG.DE and FWEA.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.
On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for BNXG.DE.
BNXG.DE is categorized as Technology Equities, while FWEA.DE is Global Equities. BNXG.DE tracks CoinShares Blockchain Global Equity, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.65% for BNXG.DE and 0.20% for FWEA.DE.
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