CLOA.DE vs. BNXG.DE
CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) and BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) are both exchange-traded funds - CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity. Both are passively managed. Over the past year, CLOA.DE returned 3.46% vs 57.31% for BNXG.DE. At a correlation of -0.03, they often move in opposite directions. CLOA.DE charges 0.25%/yr vs 0.65%/yr for BNXG.DE.
Performance
CLOA.DE vs. BNXG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CLOA.DE achieves a 1.37% return, which is significantly lower than BNXG.DE's 25.60% return.
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 1.37%
- 6M
- 1.66%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNXG.DE
- 1D
- -2.38%
- 1M
- 9.75%
- YTD
- 25.60%
- 6M
- 16.57%
- 1Y
- 57.31%
- 3Y*
- 42.07%
- 5Y*
- 12.34%
- 10Y*
- —
CLOA.DE vs. BNXG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.60% | 19.90% |
Correlation
The correlation between CLOA.DE and BNXG.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.03 |
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Return for Risk
CLOA.DE vs. BNXG.DE — Risk / Return Rank
CLOA.DE
BNXG.DE
CLOA.DE vs. BNXG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) and Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.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.
| CLOA.DE | BNXG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.24 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 11.09 | 1.92 | +9.17 |
| Martin ratioReturn relative to average drawdown | 35.06 | 3.89 | +31.17 |
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
| CLOA.DE | BNXG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 1.43 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.31 | 0.66 | +1.65 |
Drawdowns
CLOA.DE vs. BNXG.DE - Drawdown Comparison
The maximum CLOA.DE drawdown since its inception was -0.49%, smaller than the maximum BNXG.DE drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for CLOA.DE and BNXG.DE.
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Drawdown Indicators
| CLOA.DE | BNXG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.49% | -57.23% | +56.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -29.72% | +29.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.23% | — |
Current DrawdownCurrent decline from peak | -0.02% | -4.77% | +4.75% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -21.04% | +20.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 14.69% | -14.59% |
Volatility
CLOA.DE vs. BNXG.DE - Volatility Comparison
The current volatility for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) is 0.43%, while Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a volatility of 9.95%. This indicates that CLOA.DE experiences smaller price fluctuations and is considered to be less risky than BNXG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOA.DE | BNXG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 9.95% | -9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 25.00% | -24.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 39.88% | -38.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.42% | 36.22% | -34.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.42% | 35.37% | -33.95% |
CLOA.DE vs. BNXG.DE - Expense Ratio Comparison
CLOA.DE has a 0.25% expense ratio, which is lower than BNXG.DE's 0.65% expense ratio.
Dividends
CLOA.DE vs. BNXG.DE - Dividend Comparison
Neither CLOA.DE nor BNXG.DE has paid dividends to shareholders.
Frequently Asked Questions
CLOA.DE and BNXG.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLOA.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLOA.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for BNXG.DE.
CLOA.DE is categorized as CLO, while BNXG.DE is Technology Equities. CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while BNXG.DE tracks CoinShares Blockchain Global Equity. Their fees differ too: 0.25% for CLOA.DE and 0.65% for BNXG.DE.
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