BNXG.DE vs. IS4S.DE
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and IS4S.DE (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - BNXG.DE tracks the CoinShares Blockchain Global Equity while IS4S.DE tracks the STOXX® Global Digital Security. Both are passively managed. Over the past 5 years, BNXG.DE returned 9.99%/yr vs 9.73%/yr for IS4S.DE. A 0.63 correlation means they provide meaningful diversification when combined. BNXG.DE charges 0.65%/yr vs 0.40%/yr for IS4S.DE.
Performance
BNXG.DE vs. IS4S.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 lower than IS4S.DE's 18.91% 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*
- —
IS4S.DE
- 1D
- -0.79%
- 1M
- 4.73%
- 6M
- 17.92%
- YTD
- 18.91%
- 1Y
- 23.01%
- 3Y*
- 18.31%
- 5Y*
- 9.73%
- 10Y*
- —
BNXG.DE vs. IS4S.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% |
IS4S.DE iShares Digital Security UCITS ETF USD (Dist) | 18.91% | -0.13% | 22.83% | 29.76% | -25.26% | 26.96% | 15.03% | 15.02% |
Correlation
The correlation between BNXG.DE and IS4S.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.63 |
The correlation between BNXG.DE and IS4S.DE has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
BNXG.DE vs. IS4S.DE — Risk / Return Rank
BNXG.DE
IS4S.DE
BNXG.DE vs. IS4S.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 iShares Digital Security UCITS ETF USD (Dist) (IS4S.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 | IS4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.88 | -1.34 |
| Martin ratioReturn relative to average drawdown | 1.06 | 4.29 | -3.23 |
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Drawdowns
BNXG.DE vs. IS4S.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than IS4S.DE's maximum drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and IS4S.DE.
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Drawdown Indicators
| BNXG.DE | IS4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -32.12% | -25.11% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -12.18% | -17.54% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | -27.07% | -11.47% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | -28.50% | -28.73% |
Current DrawdownCurrent decline from peak | -17.01% | -3.88% | -13.13% |
Average DrawdownAverage peak-to-trough decline | -21.11% | -9.29% | -11.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.07% | 5.35% | +9.72% |
Volatility
BNXG.DE vs. IS4S.DE - Volatility Comparison
Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a higher volatility of 9.95% compared to iShares Digital Security UCITS ETF USD (Dist) (IS4S.DE) at 6.68%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than IS4S.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 | IS4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 6.68% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 26.32% | 17.17% | +9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.12% | 21.40% | +19.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.60% | 20.17% | +16.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.63% | 20.70% | +14.93% |
BNXG.DE vs. IS4S.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than IS4S.DE's 0.40% expense ratio.
Dividends
BNXG.DE vs. IS4S.DE - Dividend Comparison
BNXG.DE has not paid dividends to shareholders, while IS4S.DE's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS4S.DE iShares Digital Security UCITS ETF USD (Dist) | 0.35% | 0.39% | 0.47% | 0.44% | 0.63% | 0.64% | 0.89% | 0.99% |
Frequently Asked Questions
BNXG.DE and IS4S.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS4S.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS4S.DE is cheaper with a 0.40% expense ratio, compared with 0.65% for BNXG.DE.
BNXG.DE tracks CoinShares Blockchain Global Equity, while IS4S.DE tracks STOXX® Global Digital Security. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.65% for BNXG.DE and 0.40% for IS4S.DE.
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