BNXG.DE vs. MTVR.DE
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and MTVR.DE (L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating) are both Technology Equities funds - BNXG.DE tracks the CoinShares Blockchain Global Equity while MTVR.DE tracks the iStoxx Access Metaverse. Both are passively managed. Over the past 3 years, BNXG.DE returned 42.07%/yr vs 48.38%/yr for MTVR.DE. A 0.65 correlation means they provide meaningful diversification when combined. BNXG.DE charges 0.65%/yr vs 0.39%/yr for MTVR.DE.
Performance
BNXG.DE vs. MTVR.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 lower than MTVR.DE's 72.46% 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*
- —
MTVR.DE
- 1D
- -3.30%
- 1M
- 21.00%
- YTD
- 72.46%
- 6M
- 76.77%
- 1Y
- 126.06%
- 3Y*
- 48.38%
- 5Y*
- —
- 10Y*
- —
BNXG.DE vs. MTVR.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% | -21.05% |
MTVR.DE L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating | 72.46% | 23.08% | 29.91% | 63.34% | -13.25% |
Correlation
The correlation between BNXG.DE and MTVR.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.65 |
The correlation between BNXG.DE and MTVR.DE has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
BNXG.DE vs. MTVR.DE — Risk / Return Rank
BNXG.DE
MTVR.DE
BNXG.DE vs. MTVR.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 L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.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 | MTVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.70 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 9.91 | -7.99 |
| Martin ratioReturn relative to average drawdown | 3.89 | 36.18 | -32.29 |
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 | MTVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 4.86 | -3.43 |
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 | 1.72 | -1.06 |
Drawdowns
BNXG.DE vs. MTVR.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than MTVR.DE's maximum drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and MTVR.DE.
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Drawdown Indicators
| BNXG.DE | MTVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -30.86% | -26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -12.65% | -17.07% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | -30.86% | -7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | — | — |
Current DrawdownCurrent decline from peak | -4.77% | -3.30% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -5.32% | -15.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 3.47% | +11.22% |
Volatility
BNXG.DE vs. MTVR.DE - Volatility Comparison
The current volatility for Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) is 9.95%, while L&G Metaverse ESG Exclusions UCITS ETF USD Accumulating (MTVR.DE) has a volatility of 10.70%. This indicates that BNXG.DE experiences smaller price fluctuations and is considered to be less risky than MTVR.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 | MTVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 10.70% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 19.34% | +5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 25.77% | +14.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 25.35% | +10.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.37% | 25.35% | +10.02% |
BNXG.DE vs. MTVR.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than MTVR.DE's 0.39% expense ratio.
Dividends
BNXG.DE vs. MTVR.DE - Dividend Comparison
Neither BNXG.DE nor MTVR.DE has paid dividends to shareholders.
Frequently Asked Questions
BNXG.DE and MTVR.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MTVR.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MTVR.DE is cheaper with a 0.39% expense ratio, compared with 0.65% for BNXG.DE.
BNXG.DE tracks CoinShares Blockchain Global Equity, while MTVR.DE tracks iStoxx Access Metaverse. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.65% for BNXG.DE and 0.39% for MTVR.DE.
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