SNSG.L vs. BKCG.L
SNSG.L (Global X Internet of Things UCITS ETF USD Accumulating) and BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) are both Technology Equities funds from Global X tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, SNSG.L returned 15.17%/yr vs 56.44%/yr for BKCG.L. A 0.51 correlation means they provide meaningful diversification when combined. SNSG.L charges 0.60%/yr vs 0.50%/yr for BKCG.L.
Performance
SNSG.L vs. BKCG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SNSG.L achieves a 43.59% return, which is significantly higher than BKCG.L's 35.75% return.
SNSG.L
- 1D
- -0.66%
- 1M
- 17.84%
- YTD
- 43.59%
- 6M
- 40.40%
- 1Y
- 49.16%
- 3Y*
- 15.17%
- 5Y*
- —
- 10Y*
- —
BKCG.L
- 1D
- -3.52%
- 1M
- 10.26%
- YTD
- 35.75%
- 6M
- 10.16%
- 1Y
- 105.28%
- 3Y*
- 56.44%
- 5Y*
- —
- 10Y*
- —
SNSG.L vs. BKCG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SNSG.L Global X Internet of Things UCITS ETF USD Accumulating | 43.59% | -0.58% | 0.84% | 16.82% | -3.10% |
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 35.75% | 23.16% | 6.98% | 308.24% | -77.39% |
Correlation
The correlation between SNSG.L and BKCG.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.51 |
The correlation between SNSG.L and BKCG.L has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
SNSG.L vs. BKCG.L — Risk / Return Rank
SNSG.L
BKCG.L
SNSG.L vs. BKCG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Internet of Things UCITS ETF USD Accumulating (SNSG.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.
| SNSG.L | BKCG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 1.94 | +1.91 |
| Martin ratioReturn relative to average drawdown | 10.31 | 3.51 | +6.79 |
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
| SNSG.L | BKCG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.56 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.16 | +0.17 |
Drawdowns
SNSG.L vs. BKCG.L - Drawdown Comparison
The maximum SNSG.L drawdown since its inception was -30.09%, smaller than the maximum BKCG.L drawdown of -82.56%. Use the drawdown chart below to compare losses from any high point for SNSG.L and BKCG.L.
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Drawdown Indicators
| SNSG.L | BKCG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -82.56% | +52.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.71% | -54.08% | +41.37% |
Max Drawdown (3Y)Largest decline over 3 years | -29.12% | -57.72% | +28.60% |
Current DrawdownCurrent decline from peak | -0.66% | -25.72% | +25.06% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -43.37% | +32.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 29.84% | -25.08% |
Volatility
SNSG.L vs. BKCG.L - Volatility Comparison
The current volatility for Global X Internet of Things UCITS ETF USD Accumulating (SNSG.L) is 8.29%, while Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a volatility of 19.30%. This indicates that SNSG.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
| SNSG.L | BKCG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 19.30% | -11.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.93% | 45.66% | -29.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 67.15% | -46.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 74.54% | -52.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 74.54% | -52.74% |
SNSG.L vs. BKCG.L - Expense Ratio Comparison
SNSG.L has a 0.60% expense ratio, which is higher than BKCG.L's 0.50% expense ratio.
Dividends
SNSG.L vs. BKCG.L - Dividend Comparison
Neither SNSG.L nor BKCG.L has paid dividends to shareholders.
Frequently Asked Questions
SNSG.L and BKCG.L have a correlation of 0.46, 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 0.60% for SNSG.L.
Both ETFs track MSCI World/Information Tech NR USD. Their fees differ too: 0.60% for SNSG.L and 0.50% for BKCG.L.
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