BNXG.DE vs. N1ES.DE
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both exchange-traded funds - BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity, while N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, BNXG.DE returned 42.07%/yr vs 25.46%/yr for N1ES.DE. A 0.64 correlation means they provide meaningful diversification when combined. BNXG.DE charges 0.65%/yr vs 0.25%/yr for N1ES.DE.
Performance
BNXG.DE vs. N1ES.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 N1ES.DE's 21.31% 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*
- —
N1ES.DE
- 1D
- -0.74%
- 1M
- 10.39%
- YTD
- 21.31%
- 6M
- 20.40%
- 1Y
- 40.26%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
BNXG.DE vs. N1ES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.60% | 30.08% | 24.44% | 61.89% | -49.28% | -6.06% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -29.13% | 9.35% |
Correlation
The correlation between BNXG.DE and N1ES.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.64 |
The correlation between BNXG.DE and N1ES.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. N1ES.DE — Risk / Return Rank
BNXG.DE
N1ES.DE
BNXG.DE vs. N1ES.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 Nasdaq-100 ESG UCITS ETF Acc (N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.42 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.69 | -1.77 |
| Martin ratioReturn relative to average drawdown | 3.89 | 10.62 | -6.72 |
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 | N1ES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.42 | -0.99 |
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 | 0.81 | -0.15 |
Drawdowns
BNXG.DE vs. N1ES.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than N1ES.DE's maximum drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and N1ES.DE.
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Drawdown Indicators
| BNXG.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -29.96% | -27.27% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -10.86% | -18.86% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | -26.65% | -11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | — | — |
Current DrawdownCurrent decline from peak | -4.77% | -0.74% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -8.51% | -12.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 3.78% | +10.91% |
Volatility
BNXG.DE vs. N1ES.DE - Volatility Comparison
Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a higher volatility of 9.95% compared to Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) at 4.64%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 4.64% | +5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 11.63% | +13.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 16.59% | +23.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 20.73% | +15.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.37% | 20.73% | +14.64% |
BNXG.DE vs. N1ES.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than N1ES.DE's 0.25% expense ratio.
Dividends
BNXG.DE vs. N1ES.DE - Dividend Comparison
Neither BNXG.DE nor N1ES.DE has paid dividends to shareholders.
Frequently Asked Questions
BNXG.DE and N1ES.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, N1ES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
N1ES.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for BNXG.DE.
BNXG.DE is categorized as Technology Equities, while N1ES.DE is Nasdaq-100. BNXG.DE tracks CoinShares Blockchain Global Equity, while N1ES.DE tracks Nasdaq 100® ESG. Their fees differ too: 0.65% for BNXG.DE and 0.25% for N1ES.DE.
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