CLO6.L vs. BKCG.L
CLO6.L (Global X Cloud Computing UCITS ETF) and BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) are both Technology Equities funds from Global X tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, CLO6.L returned 7.19%/yr vs 56.44%/yr for BKCG.L. At a 0.48 correlation, their price movements are largely independent. CLO6.L charges 0.55%/yr vs 0.50%/yr for BKCG.L.
Performance
CLO6.L vs. BKCG.L - Performance Comparison
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Returns By Period
In the year-to-date period, CLO6.L achieves a 10.85% return, which is significantly lower than BKCG.L's 35.75% return.
CLO6.L
- 1D
- 1.79%
- 1M
- 13.77%
- YTD
- 10.85%
- 6M
- 9.37%
- 1Y
- 9.05%
- 3Y*
- 7.19%
- 5Y*
- —
- 10Y*
- —
BKCG.L
- 1D
- -3.52%
- 1M
- 10.26%
- YTD
- 35.75%
- 6M
- 10.16%
- 1Y
- 105.28%
- 3Y*
- 56.44%
- 5Y*
- —
- 10Y*
- —
CLO6.L vs. BKCG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CLO6.L Global X Cloud Computing UCITS ETF | 10.85% | -12.30% | 7.37% | 36.74% | -18.45% |
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 35.75% | 23.16% | 6.98% | 308.24% | -77.39% |
Correlation
The correlation between CLO6.L and BKCG.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.48 |
Over the past year, the correlation between CLO6.L and BKCG.L has dropped to 0.23 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
CLO6.L vs. BKCG.L — Risk / Return Rank
CLO6.L
BKCG.L
CLO6.L vs. BKCG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing UCITS ETF (CLO6.L) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.L). 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.
| CLO6.L | BKCG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 1.94 | -1.61 |
| Martin ratioReturn relative to average drawdown | 0.76 | 3.51 | -2.76 |
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
| CLO6.L | BKCG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.56 | -1.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.16 | -0.33 |
Drawdowns
CLO6.L vs. BKCG.L - Drawdown Comparison
The maximum CLO6.L drawdown since its inception was -45.50%, smaller than the maximum BKCG.L drawdown of -82.56%. Use the drawdown chart below to compare losses from any high point for CLO6.L and BKCG.L.
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Drawdown Indicators
| CLO6.L | BKCG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.50% | -82.56% | +37.06% |
Max Drawdown (1Y)Largest decline over 1 year | -27.75% | -54.08% | +26.33% |
Max Drawdown (3Y)Largest decline over 3 years | -37.31% | -57.72% | +20.41% |
Current DrawdownCurrent decline from peak | -19.62% | -25.72% | +6.10% |
Average DrawdownAverage peak-to-trough decline | -30.99% | -43.37% | +12.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.89% | 29.84% | -17.95% |
Volatility
CLO6.L vs. BKCG.L - Volatility Comparison
The current volatility for Global X Cloud Computing UCITS ETF (CLO6.L) is 11.40%, while Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a volatility of 19.30%. This indicates that CLO6.L experiences smaller price fluctuations and is considered to be less risky than BKCG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLO6.L | BKCG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.40% | 19.30% | -7.90% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 45.66% | -20.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.17% | 67.15% | -38.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.55% | 74.54% | -45.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.55% | 74.54% | -45.99% |
CLO6.L vs. BKCG.L - Expense Ratio Comparison
CLO6.L has a 0.55% expense ratio, which is higher than BKCG.L's 0.50% expense ratio.
Dividends
CLO6.L vs. BKCG.L - Dividend Comparison
Neither CLO6.L nor BKCG.L has paid dividends to shareholders.
Frequently Asked Questions
CLO6.L and BKCG.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKCG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKCG.L is cheaper with a 0.50% expense ratio, compared with 0.55% for CLO6.L.
Both ETFs track MSCI World/Information Tech NR USD. Their fees differ too: 0.55% for CLO6.L and 0.50% for BKCG.L.
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