IQSA.DE vs. BNXG.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) are both exchange-traded funds - IQSA.DE is a Global Equities fund actively managed by Invesco, while BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity. IQSA.DE is actively managed, while BNXG.DE is passively managed. Over the past 5 years, IQSA.DE returned 15.57%/yr vs 11.31%/yr for BNXG.DE. A 0.61 correlation means they provide meaningful diversification when combined. IQSA.DE charges 0.30%/yr vs 0.65%/yr for BNXG.DE.
Performance
IQSA.DE vs. BNXG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQSA.DE achieves a 17.73% return, which is significantly lower than BNXG.DE's 21.53% return.
IQSA.DE
- 1D
- 0.13%
- 1M
- 4.18%
- YTD
- 17.73%
- 6M
- 18.41%
- 1Y
- 34.22%
- 3Y*
- 22.76%
- 5Y*
- 15.57%
- 10Y*
- —
BNXG.DE
- 1D
- -3.01%
- 1M
- -3.12%
- YTD
- 21.53%
- 6M
- 20.21%
- 1Y
- 42.80%
- 3Y*
- 40.73%
- 5Y*
- 11.31%
- 10Y*
- —
IQSA.DE vs. BNXG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 17.73% | 9.64% | 29.92% | 20.23% | -9.31% | 35.68% | 0.13% | -2.66% |
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 21.53% | 30.08% | 24.44% | 61.89% | -49.28% | 37.62% | 73.66% | 6.10% |
Correlation
The correlation between IQSA.DE and BNXG.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.61 |
The correlation between IQSA.DE and BNXG.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
IQSA.DE vs. BNXG.DE — Risk / Return Rank
IQSA.DE
BNXG.DE
IQSA.DE vs. BNXG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IQSA.DE | BNXG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.19 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 5.50 | 1.43 | +4.06 |
| Martin ratioReturn relative to average drawdown | 22.71 | 2.89 | +19.82 |
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Drawdowns
IQSA.DE vs. BNXG.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.12%, smaller than the maximum BNXG.DE drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and BNXG.DE.
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Drawdown Indicators
| IQSA.DE | BNXG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -57.23% | +23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -29.72% | +23.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -38.54% | +17.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -57.23% | +35.88% |
Current DrawdownCurrent decline from peak | -0.23% | -9.08% | +8.85% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -21.19% | +16.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 14.78% | -13.28% |
Volatility
IQSA.DE vs. BNXG.DE - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) is 3.12%, while Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a volatility of 12.42%. This indicates that IQSA.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
| IQSA.DE | BNXG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 12.42% | -9.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 26.44% | -17.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 40.77% | -28.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.76% | 36.52% | -21.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 35.65% | -18.42% |
IQSA.DE vs. BNXG.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is lower than BNXG.DE's 0.65% expense ratio.
Dividends
IQSA.DE vs. BNXG.DE - Dividend Comparison
Neither IQSA.DE nor BNXG.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSA.DE and BNXG.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSA.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSA.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for BNXG.DE.
IQSA.DE is categorized as Global Equities, while BNXG.DE is Technology Equities. Their fees differ too: 0.30% for IQSA.DE and 0.65% for BNXG.DE.
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