Correlation
The correlation between BNXG.DE and SXR8.DE is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BNXG.DE vs. SXR8.DE
Compare and contrast key facts about Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE).
BNXG.DE and SXR8.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNXG.DE is a passively managed fund by Invesco that tracks the performance of the CoinShares Blockchain Global Equity. It was launched on Mar 8, 2019. SXR8.DE is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 19, 2010. Both BNXG.DE and SXR8.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNXG.DE or SXR8.DE.
Performance
BNXG.DE vs. SXR8.DE - Performance Comparison
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Key characteristics
BNXG.DE:
0.45
SXR8.DE:
0.44
BNXG.DE:
0.93
SXR8.DE:
0.77
BNXG.DE:
1.12
SXR8.DE:
1.12
BNXG.DE:
0.54
SXR8.DE:
0.40
BNXG.DE:
1.32
SXR8.DE:
1.27
BNXG.DE:
15.77%
SXR8.DE:
7.34%
BNXG.DE:
42.31%
SXR8.DE:
18.93%
BNXG.DE:
-57.23%
SXR8.DE:
-33.78%
BNXG.DE:
-15.71%
SXR8.DE:
-11.49%
Returns By Period
In the year-to-date period, BNXG.DE achieves a -1.65% return, which is significantly higher than SXR8.DE's -7.90% return.
BNXG.DE
-1.65%
12.04%
-12.09%
20.80%
11.23%
18.31%
N/A
SXR8.DE
-7.90%
3.94%
-8.67%
9.29%
11.94%
15.33%
12.24%
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BNXG.DE vs. SXR8.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than SXR8.DE's 0.12% expense ratio.
Risk-Adjusted Performance
BNXG.DE vs. SXR8.DE — Risk-Adjusted Performance Rank
BNXG.DE
SXR8.DE
BNXG.DE vs. SXR8.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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.
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Dividends
BNXG.DE vs. SXR8.DE - Dividend Comparison
Neither BNXG.DE nor SXR8.DE has paid dividends to shareholders.
Drawdowns
BNXG.DE vs. SXR8.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than SXR8.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and SXR8.DE.
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Volatility
BNXG.DE vs. SXR8.DE - Volatility Comparison
Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a higher volatility of 14.83% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 5.87%. This indicates that BNXG.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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