BNXG.DE vs. KROP.DE
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and KROP.DE (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) are both Technology Equities funds - BNXG.DE tracks the CoinShares Blockchain Global Equity while KROP.DE tracks the Solactive AgTech and Food Innovation. Both are passively managed. Over the past 3 years, BNXG.DE returned 42.07%/yr vs -2.05%/yr for KROP.DE. At a 0.37 correlation, their price movements are largely independent. BNXG.DE charges 0.65%/yr vs 0.50%/yr for KROP.DE.
Performance
BNXG.DE vs. KROP.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 KROP.DE's 17.14% 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*
- —
KROP.DE
- 1D
- 0.13%
- 1M
- 0.32%
- YTD
- 17.14%
- 6M
- 14.58%
- 1Y
- 9.63%
- 3Y*
- -2.05%
- 5Y*
- —
- 10Y*
- —
BNXG.DE vs. KROP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.60% | 30.08% | 24.44% | 61.89% | -41.96% |
KROP.DE Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 17.14% | -4.87% | -2.79% | -25.11% | -19.26% |
Correlation
The correlation between BNXG.DE and KROP.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.37 |
Over the past year, the correlation between BNXG.DE and KROP.DE has dropped to 0.14 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
BNXG.DE vs. KROP.DE — Risk / Return Rank
BNXG.DE
KROP.DE
BNXG.DE vs. KROP.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 Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.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 | KROP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.12 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.04 | +0.88 |
| Martin ratioReturn relative to average drawdown | 3.89 | 2.21 | +1.68 |
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 | KROP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.62 | +0.81 |
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 | -0.47 | +1.13 |
Drawdowns
BNXG.DE vs. KROP.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than KROP.DE's maximum drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and KROP.DE.
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Drawdown Indicators
| BNXG.DE | KROP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -52.74% | -4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -9.22% | -20.50% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | -27.28% | -11.26% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | — | — |
Current DrawdownCurrent decline from peak | -4.77% | -41.08% | +36.31% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -36.46% | +15.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 4.34% | +10.35% |
Volatility
BNXG.DE vs. KROP.DE - Volatility Comparison
Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a higher volatility of 9.95% compared to Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.DE) at 5.58%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than KROP.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 | KROP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 5.58% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 12.02% | +12.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 15.43% | +24.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 19.64% | +16.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.37% | 19.64% | +15.73% |
BNXG.DE vs. KROP.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than KROP.DE's 0.50% expense ratio.
Dividends
BNXG.DE vs. KROP.DE - Dividend Comparison
Neither BNXG.DE nor KROP.DE has paid dividends to shareholders.
Frequently Asked Questions
BNXG.DE and KROP.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KROP.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KROP.DE is cheaper with a 0.50% expense ratio, compared with 0.65% for BNXG.DE.
BNXG.DE tracks CoinShares Blockchain Global Equity, while KROP.DE tracks Solactive AgTech and Food Innovation. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.65% for BNXG.DE and 0.50% for KROP.DE.
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