DRVG.L vs. BCHN.L

Last updated Jun 5, 2026

DRVG.L (Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing) and BCHN.L (Invesco Elwood Global Blockchain Ucits ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Global X and Invesco respectively. Both are passively managed. Over the past 3 years, DRVG.L returned 17.58%/yr vs 42.30%/yr for BCHN.L. A 0.64 correlation means they provide meaningful diversification when combined. DRVG.L charges 0.50%/yr vs 0.65%/yr for BCHN.L.

Performance

DRVG.L vs. BCHN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L) and Invesco Elwood Global Blockchain Ucits ETF (BCHN.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DRVG.L is traded in GBP, while BCHN.L is traded in USD. To make them comparable, the BCHN.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, DRVG.L achieves a 39.92% return, which is significantly higher than BCHN.L's 26.33% return.

DRVG.L

• 1D: -1.69%
• 1M: 9.10%
• YTD: 39.92%
• 6M: 38.63%
• 1Y: 89.51%
• 3Y*: 17.58%
• 5Y*: —
• 10Y*: —

BCHN.L

• 1D: -2.12%
• 1M: 11.59%
• YTD: 26.33%
• 6M: 15.67%
• 1Y: 62.79%
• 3Y*: 42.30%
• 5Y*: 12.56%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRVG.L vs. BCHN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing	39.92%	20.43%	-4.12%	19.60%	-26.53%	-3.79%
BCHN.L Invesco Elwood Global Blockchain Ucits ETF	26.33%	35.13%	19.35%	58.07%	-46.32%	-11.82%

Correlation

The correlation between DRVG.L and BCHN.L is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021	0.64

The correlation between DRVG.L and BCHN.L has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.

DRVG.L vs. BCHN.L - Sectors Allocation Comparison

Sectors	DRVG.L	BCHN.L
Technology	37.7%	32.8%
Consumer Cyclical	25.2%	7.6%
Industrials	18.0%	0.7%
Basic Materials	13.4%	-
Communication Services	5.7%	4.1%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	53.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	1.8%

Return for Risk

DRVG.L vs. BCHN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRVG.L

DRVG.L Risk / Return Rank: 94
DRVG.L Sharpe Ratio Rank: 95
DRVG.L Sortino Ratio Rank: 94
DRVG.L Omega Ratio Rank: 92
DRVG.L Calmar Ratio Rank: 96
DRVG.L Martin Ratio Rank: 93

BCHN.L

BCHN.L Risk / Return Rank: 39
BCHN.L Sharpe Ratio Rank: 44
BCHN.L Sortino Ratio Rank: 43
BCHN.L Omega Ratio Rank: 39
BCHN.L Calmar Ratio Rank: 40
BCHN.L Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRVG.L vs. BCHN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L) and Invesco Elwood Global Blockchain Ucits ETF (BCHN.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.

	DRVG.L	BCHN.L	Difference
Sharpe ratio: Return per unit of total volatility	3.95	1.57	+2.38
Sortino ratio: Return per unit of downside risk	4.88	2.17	+2.72
Omega ratio: Gain probability vs. loss probability	1.61	1.26	+0.36
Calmar ratio: Return relative to maximum drawdown	8.53	2.04	+6.50
Martin ratio: Return relative to average drawdown	24.30	4.13	+20.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRVG.L vs. BCHN.L - Sharpe Ratio Comparison

The current DRVG.L Sharpe Ratio is 3.95, which is higher than the BCHN.L Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of DRVG.L and BCHN.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DRVG.L	BCHN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.95	1.57	+2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.68	-0.39

Drawdowns

DRVG.L vs. BCHN.L - Drawdown Comparison

The maximum DRVG.L drawdown since its inception was -40.24%, smaller than the maximum BCHN.L drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for DRVG.L and BCHN.L.

Drawdown Indicators

	DRVG.L	BCHN.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.24%	-56.11%	+15.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.43%	-30.67%	+20.24%
Max Drawdown (3Y) Largest decline over 3 years	-34.13%	-36.79%	+2.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-56.11%	—
Current Drawdown Current decline from peak	-2.16%	-4.33%	+2.17%
Average Drawdown Average peak-to-trough decline	-17.78%	-20.96%	+3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	15.16%	-11.49%

Volatility

DRVG.L vs. BCHN.L - Volatility Comparison

The current volatility for Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L) is 9.22%, while Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) has a volatility of 11.28%. This indicates that DRVG.L experiences smaller price fluctuations and is considered to be less risky than BCHN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRVG.L	BCHN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	11.28%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	16.49%	25.98%	-9.49%
Volatility (1Y) Calculated over the trailing 1-year period	22.57%	39.80%	-17.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.06%	37.41%	-12.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.06%	35.31%	-10.25%

DRVG.L vs. BCHN.L - Expense Ratio Comparison

DRVG.L has a 0.50% expense ratio, which is lower than BCHN.L's 0.65% expense ratio.

Dividends

DRVG.L vs. BCHN.L - Dividend Comparison

DRVG.L's dividend yield for the trailing twelve months is around 0.44%, while BCHN.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BCHN.L Invesco Elwood Global Blockchain Ucits ETF	0.00%	0.00%	0.00%	0.00%	0.00%
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing	0.44%	0.94%	0.58%	0.01%	0.01%

Frequently Asked Questions

Can I hold both DRVG.L and BCHN.L in my portfolio?

DRVG.L and BCHN.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRVG.L or BCHN.L?

On fees, DRVG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRVG.L or BCHN.L?

DRVG.L is cheaper with a 0.50% expense ratio, compared with 0.65% for BCHN.L.

What is the main difference between DRVG.L and BCHN.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for DRVG.L and 0.65% for BCHN.L.