BNXG.DE vs. VVSM.DE
BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, BNXG.DE returned 12.34%/yr vs 38.05%/yr for VVSM.DE. A 0.60 correlation means they provide meaningful diversification when combined. BNXG.DE charges 0.65%/yr vs 0.35%/yr for VVSM.DE.
Performance
BNXG.DE vs. VVSM.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 VVSM.DE's 86.02% 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*
- —
VVSM.DE
- 1D
- -2.77%
- 1M
- 17.60%
- YTD
- 86.02%
- 6M
- 84.42%
- 1Y
- 162.55%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 10Y*
- —
BNXG.DE vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.60% | 30.08% | 24.44% | 61.89% | -49.28% | 37.62% | 8.77% |
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | 31.47% | 70.16% | -32.77% | 58.37% | 1.50% |
Correlation
The correlation between BNXG.DE and VVSM.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.60 |
The correlation between BNXG.DE and VVSM.DE has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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Return for Risk
BNXG.DE vs. VVSM.DE — Risk / Return Rank
BNXG.DE
VVSM.DE
BNXG.DE vs. VVSM.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 VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.68 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 14.16 | -12.25 |
| Martin ratioReturn relative to average drawdown | 3.89 | 48.94 | -45.05 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 5.17 | -3.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 1.21 | -0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.24 | -0.58 |
Drawdowns
BNXG.DE vs. VVSM.DE - Drawdown Comparison
The maximum BNXG.DE drawdown since its inception was -57.23%, which is greater than VVSM.DE's maximum drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for BNXG.DE and VVSM.DE.
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Drawdown Indicators
| BNXG.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.23% | -37.64% | -19.59% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -11.65% | -18.07% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | -37.53% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | -37.64% | -19.59% |
Current DrawdownCurrent decline from peak | -4.77% | -2.77% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -10.22% | -10.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 3.38% | +11.31% |
Volatility
BNXG.DE vs. VVSM.DE - Volatility Comparison
The current volatility for Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) is 9.95%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 12.04%. This indicates that BNXG.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 12.04% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 24.35% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 31.92% | +7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 31.15% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.37% | 30.81% | +4.56% |
BNXG.DE vs. VVSM.DE - Expense Ratio Comparison
BNXG.DE has a 0.65% expense ratio, which is higher than VVSM.DE's 0.35% expense ratio.
Dividends
BNXG.DE vs. VVSM.DE - Dividend Comparison
Neither BNXG.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
BNXG.DE and VVSM.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVSM.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVSM.DE is cheaper with a 0.35% expense ratio, compared with 0.65% for BNXG.DE.
BNXG.DE is categorized as Technology Equities, while VVSM.DE is Semiconductors. BNXG.DE tracks CoinShares Blockchain Global Equity, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.65% for BNXG.DE and 0.35% for VVSM.DE.
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