CLOD.DE vs. BNXG.DE
CLOD.DE (Invesco EUR AAA CLO UCITS ETF Dist) and BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) are both exchange-traded funds - CLOD.DE is a CLO fund actively managed by Invesco, while BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity. CLOD.DE is actively managed, while BNXG.DE is passively managed. Over the past year, CLOD.DE returned 3.39% vs 57.31% for BNXG.DE. At a 0.07 correlation, their price movements are largely independent. CLOD.DE charges 0.25%/yr vs 0.65%/yr for BNXG.DE.
Performance
CLOD.DE vs. BNXG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CLOD.DE achieves a 1.46% return, which is significantly lower than BNXG.DE's 25.60% return.
CLOD.DE
- 1D
- 0.01%
- 1M
- 0.35%
- YTD
- 1.46%
- 6M
- 1.67%
- 1Y
- 3.39%
- 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*
- —
CLOD.DE vs. BNXG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOD.DE Invesco EUR AAA CLO UCITS ETF Dist | 1.46% | 2.50% |
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.60% | 19.90% |
Correlation
The correlation between CLOD.DE and BNXG.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.07 |
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Return for Risk
CLOD.DE vs. BNXG.DE — Risk / Return Rank
CLOD.DE
BNXG.DE
CLOD.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 Dist (CLOD.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.
| CLOD.DE | BNXG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.92 | 1.24 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 9.97 | 1.92 | +8.05 |
| Martin ratioReturn relative to average drawdown | 35.80 | 3.89 | +31.91 |
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
| CLOD.DE | BNXG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 1.43 | +2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.85 | 0.66 | +2.19 |
Drawdowns
CLOD.DE vs. BNXG.DE - Drawdown Comparison
The maximum CLOD.DE drawdown since its inception was -0.62%, smaller than the maximum BNXG.DE drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for CLOD.DE and BNXG.DE.
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Drawdown Indicators
| CLOD.DE | BNXG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.62% | -57.23% | +56.61% |
Max Drawdown (1Y)Largest decline over 1 year | -0.34% | -29.72% | +29.38% |
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 | 0.00% | -4.77% | +4.77% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -21.04% | +20.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 14.69% | -14.60% |
Volatility
CLOD.DE vs. BNXG.DE - Volatility Comparison
The current volatility for Invesco EUR AAA CLO UCITS ETF Dist (CLOD.DE) is 0.30%, while Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a volatility of 9.95%. This indicates that CLOD.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
| CLOD.DE | BNXG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 9.95% | -9.65% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 25.00% | -24.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.98% | 39.88% | -38.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.07% | 36.22% | -35.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.07% | 35.37% | -34.30% |
CLOD.DE vs. BNXG.DE - Expense Ratio Comparison
CLOD.DE has a 0.25% expense ratio, which is lower than BNXG.DE's 0.65% expense ratio.
Dividends
CLOD.DE vs. BNXG.DE - Dividend Comparison
CLOD.DE's dividend yield for the trailing twelve months is around 3.30%, while BNXG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 0.00% | 0.00% |
CLOD.DE Invesco EUR AAA CLO UCITS ETF Dist | 3.30% | 2.56% |
Frequently Asked Questions
CLOD.DE and BNXG.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLOD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLOD.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for BNXG.DE.
CLOD.DE is categorized as CLO, while BNXG.DE is Technology Equities. Their fees differ too: 0.25% for CLOD.DE and 0.65% for BNXG.DE.
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