BNXG.DE vs. L0CK.DE
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) are both Technology Equities funds - BNXG.DE tracks the CoinShares Blockchain Global Equity while L0CK.DE tracks the STOXX® Global Digital Security. Both are passively managed. Over the past 5 years, BNXG.DE returned 12.34%/yr vs 10.97%/yr for L0CK.DE. A 0.64 correlation means they provide meaningful diversification when combined. BNXG.DE charges 0.65%/yr vs 0.40%/yr for L0CK.DE.
Performance
BNXG.DE vs. L0CK.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 L0CK.DE's 19.85% 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*
- —
L0CK.DE
- 1D
- -2.66%
- 1M
- 10.58%
- YTD
- 19.85%
- 6M
- 21.05%
- 1Y
- 22.61%
- 3Y*
- 18.48%
- 5Y*
- 10.97%
- 10Y*
- —
BNXG.DE vs. L0CK.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% |
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | 22.76% | 29.81% | -25.34% | 27.06% | 14.71% | 13.79% |
Correlation
The correlation between BNXG.DE and L0CK.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2019 | 0.64 |
The correlation between BNXG.DE and L0CK.DE has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
BNXG.DE vs. L0CK.DE — Risk / Return Rank
BNXG.DE
L0CK.DE
BNXG.DE vs. L0CK.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 (Acc) (L0CK.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 | L0CK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.81 | +0.11 |
| Martin ratioReturn relative to average drawdown | 3.89 | 4.44 | -0.55 |
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 | L0CK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.09 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.55 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.60 | +0.06 |
Drawdowns
BNXG.DE vs. L0CK.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than L0CK.DE's maximum drawdown of -32.50%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and L0CK.DE.
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Drawdown Indicators
| BNXG.DE | L0CK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -32.50% | -24.73% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -12.47% | -17.25% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | -27.07% | -11.47% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | -28.54% | -28.69% |
Current DrawdownCurrent decline from peak | -4.77% | -3.17% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -9.03% | -12.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 5.08% | +9.61% |
Volatility
BNXG.DE vs. L0CK.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 (Acc) (L0CK.DE) at 8.18%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than L0CK.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 | L0CK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 8.18% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 16.31% | +8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 20.67% | +19.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 19.90% | +16.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.37% | 20.21% | +15.16% |
BNXG.DE vs. L0CK.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than L0CK.DE's 0.40% expense ratio.
Dividends
BNXG.DE vs. L0CK.DE - Dividend Comparison
Neither BNXG.DE nor L0CK.DE has paid dividends to shareholders.
Frequently Asked Questions
BNXG.DE and L0CK.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L0CK.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L0CK.DE is cheaper with a 0.40% expense ratio, compared with 0.65% for BNXG.DE.
BNXG.DE tracks CoinShares Blockchain Global Equity, while L0CK.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 L0CK.DE.
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