KWBE.L vs. BKCG.L
KWBE.L (KraneShares CSI China Internet UCITS ETF EUR) and BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Waystone Management and Global X respectively. Both are passively managed. Over the past 3 years, KWBE.L returned 1.88%/yr vs 56.21%/yr for BKCG.L. At a 0.32 correlation, their price movements are largely independent. KWBE.L charges 0.75%/yr vs 0.50%/yr for BKCG.L.
Performance
KWBE.L vs. BKCG.L - Performance Comparison
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Different Trading Currencies
KWBE.L is traded in EUR, while BKCG.L is traded in GBP. To make them comparable, the BKCG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, KWBE.L achieves a -19.57% return, which is significantly lower than BKCG.L's 36.98% return.
KWBE.L
- 1D
- -0.47%
- 1M
- -6.01%
- YTD
- -19.57%
- 6M
- -22.95%
- 1Y
- -16.70%
- 3Y*
- 1.88%
- 5Y*
- -13.07%
- 10Y*
- —
BKCG.L
- 1D
- -3.60%
- 1M
- -0.39%
- YTD
- 36.98%
- 6M
- 14.69%
- 1Y
- 94.28%
- 3Y*
- 56.21%
- 5Y*
- —
- 10Y*
- —
KWBE.L vs. BKCG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KWBE.L KraneShares CSI China Internet UCITS ETF EUR | -19.57% | 10.85% | 20.30% | -13.19% | -9.62% |
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 36.98% | 16.73% | 12.14% | 316.89% | -78.63% |
Correlation
The correlation between KWBE.L and BKCG.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.32 |
The correlation between KWBE.L and BKCG.L shifts across timeframes, from 0.25 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KWBE.L vs. BKCG.L — Risk / Return Rank
KWBE.L
BKCG.L
KWBE.L vs. BKCG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet UCITS ETF EUR (KWBE.L) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.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.
| KWBE.L | BKCG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.24 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 1.83 | -2.30 |
| Martin ratioReturn relative to average drawdown | -0.97 | 3.33 | -4.30 |
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
| KWBE.L | BKCG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | 1.47 | -2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.15 | -0.43 |
Drawdowns
KWBE.L vs. BKCG.L - Drawdown Comparison
The maximum KWBE.L drawdown since its inception was -76.64%, smaller than the maximum BKCG.L drawdown of -83.43%. Use the drawdown chart below to compare losses from any high point for KWBE.L and BKCG.L.
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Drawdown Indicators
| KWBE.L | BKCG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.64% | -83.43% | +6.79% |
Max Drawdown (1Y)Largest decline over 1 year | -34.30% | -54.35% | +20.05% |
Max Drawdown (3Y)Largest decline over 3 years | -34.30% | -58.96% | +24.66% |
Max Drawdown (5Y)Largest decline over 5 years | -65.36% | — | — |
Current DrawdownCurrent decline from peak | -66.72% | -25.38% | -41.34% |
Average DrawdownAverage peak-to-trough decline | -59.87% | -44.13% | -15.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.76% | 29.93% | -13.17% |
Volatility
KWBE.L vs. BKCG.L - Volatility Comparison
The current volatility for KraneShares CSI China Internet UCITS ETF EUR (KWBE.L) is 11.65%, while Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a volatility of 19.17%. This indicates that KWBE.L experiences smaller price fluctuations and is considered to be less risky than BKCG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KWBE.L | BKCG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.65% | 19.17% | -7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 19.16% | 46.25% | -27.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.79% | 67.67% | -41.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.99% | 74.83% | -29.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.53% | 74.83% | -29.30% |
KWBE.L vs. BKCG.L - Expense Ratio Comparison
KWBE.L has a 0.75% expense ratio, which is higher than BKCG.L's 0.50% expense ratio.
Dividends
KWBE.L vs. BKCG.L - Dividend Comparison
Neither KWBE.L nor BKCG.L has paid dividends to shareholders.
Frequently Asked Questions
KWBE.L and BKCG.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKCG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKCG.L is cheaper with a 0.50% expense ratio, compared with 0.75% for KWBE.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Waystone Management and Global X. Their fees differ too: 0.75% for KWBE.L and 0.50% for BKCG.L.
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