Correlation
The correlation between FINX and BLCN is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FINX vs. BLCN
Compare and contrast key facts about Global X FinTech ETF (FINX) and Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN).
FINX and BLCN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FINX is a passively managed fund by Global X that tracks the performance of the Indxx Global FinTech Thematic Index. It was launched on Sep 12, 2016. BLCN is a passively managed fund by SRN Advisors that tracks the performance of the Siren NASDAQ Blockchain Economy Index. It was launched on Jan 17, 2018. Both FINX and BLCN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FINX or BLCN.
Performance
FINX vs. BLCN - Performance Comparison
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Key characteristics
FINX:
0.81
BLCN:
-0.38
FINX:
1.22
BLCN:
-0.41
FINX:
1.16
BLCN:
0.95
FINX:
0.41
BLCN:
-0.30
FINX:
2.29
BLCN:
-1.06
FINX:
9.26%
BLCN:
19.32%
FINX:
28.69%
BLCN:
45.01%
FINX:
-63.53%
BLCN:
-67.51%
FINX:
-38.13%
BLCN:
-57.66%
Returns By Period
In the year-to-date period, FINX achieves a -1.92% return, which is significantly higher than BLCN's -15.99% return.
FINX
-1.92%
8.47%
-9.47%
22.33%
6.97%
0.33%
N/A
BLCN
-15.99%
5.07%
-26.91%
-15.17%
-10.05%
-3.37%
N/A
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FINX vs. BLCN - Expense Ratio Comparison
Both FINX and BLCN have an expense ratio of 0.68%.
Risk-Adjusted Performance
FINX vs. BLCN — Risk-Adjusted Performance Rank
FINX
BLCN
FINX vs. BLCN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X FinTech ETF (FINX) and Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN). 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.
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Dividends
FINX vs. BLCN - Dividend Comparison
FINX's dividend yield for the trailing twelve months is around 0.73%, more than BLCN's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FINX Global X FinTech ETF | 0.73% | 0.72% | 0.21% | 0.27% | 5.40% | 0.00% | 0.00% | 0.18% | 0.11% |
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 0.58% | 0.67% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.15% | 0.00% |
Drawdowns
FINX vs. BLCN - Drawdown Comparison
The maximum FINX drawdown since its inception was -63.53%, smaller than the maximum BLCN drawdown of -67.51%. Use the drawdown chart below to compare losses from any high point for FINX and BLCN.
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Volatility
FINX vs. BLCN - Volatility Comparison
The current volatility for Global X FinTech ETF (FINX) is 6.79%, while Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) has a volatility of 16.06%. This indicates that FINX experiences smaller price fluctuations and is considered to be less risky than BLCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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