SP2Q.DE vs. BNXG.DE
SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) and BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) are both exchange-traded funds - SP2Q.DE is a S&P 500 fund tracking the S&P 500® Equal Weight, while BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity. Both are passively managed. Over the past 5 years, SP2Q.DE returned 9.25%/yr vs 12.34%/yr for BNXG.DE. A 0.51 correlation means they provide meaningful diversification when combined. SP2Q.DE charges 0.20%/yr vs 0.65%/yr for BNXG.DE.
Performance
SP2Q.DE vs. BNXG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SP2Q.DE achieves a 10.37% return, which is significantly lower than BNXG.DE's 25.60% return.
SP2Q.DE
- 1D
- 0.28%
- 1M
- 4.59%
- YTD
- 10.37%
- 6M
- 10.95%
- 1Y
- 17.59%
- 3Y*
- 12.12%
- 5Y*
- 9.25%
- 10Y*
- —
BNXG.DE
- 1D
- -2.38%
- 1M
- 9.75%
- YTD
- 25.60%
- 6M
- 16.57%
- 1Y
- 57.31%
- 3Y*
- 42.07%
- 5Y*
- 12.34%
- 10Y*
- —
SP2Q.DE vs. BNXG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 10.37% | -0.55% | 18.83% | 9.91% | -6.71% | 31.98% |
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.60% | 30.08% | 24.44% | 61.89% | -49.28% | -10.22% |
Correlation
The correlation between SP2Q.DE and BNXG.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.51 |
The correlation between SP2Q.DE and BNXG.DE has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
SP2Q.DE vs. BNXG.DE — Risk / Return Rank
SP2Q.DE
BNXG.DE
SP2Q.DE vs. BNXG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.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.
| SP2Q.DE | BNXG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 1.92 | +1.51 |
| Martin ratioReturn relative to average drawdown | 10.24 | 3.89 | +6.35 |
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
| SP2Q.DE | BNXG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.43 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.34 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.66 | +0.09 |
Drawdowns
SP2Q.DE vs. BNXG.DE - Drawdown Comparison
The maximum SP2Q.DE drawdown since its inception was -22.73%, smaller than the maximum BNXG.DE drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and BNXG.DE.
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Drawdown Indicators
| SP2Q.DE | BNXG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -57.23% | +34.50% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -29.72% | +24.61% |
Max Drawdown (3Y)Largest decline over 3 years | -22.73% | -38.54% | +15.81% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -57.23% | +34.50% |
Current DrawdownCurrent decline from peak | 0.00% | -4.77% | +4.77% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -21.04% | +15.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 14.69% | -12.98% |
Volatility
SP2Q.DE vs. BNXG.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) is 2.04%, while Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a volatility of 9.95%. This indicates that SP2Q.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
| SP2Q.DE | BNXG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 9.95% | -7.91% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 25.00% | -18.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 39.88% | -29.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 36.22% | -21.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 35.37% | -19.93% |
SP2Q.DE vs. BNXG.DE - Expense Ratio Comparison
SP2Q.DE has a 0.20% expense ratio, which is lower than BNXG.DE's 0.65% expense ratio.
Dividends
SP2Q.DE vs. BNXG.DE - Dividend Comparison
Neither SP2Q.DE nor BNXG.DE has paid dividends to shareholders.
Frequently Asked Questions
SP2Q.DE and BNXG.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SP2Q.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SP2Q.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for BNXG.DE.
SP2Q.DE is categorized as S&P 500, while BNXG.DE is Technology Equities. SP2Q.DE tracks S&P 500® Equal Weight, while BNXG.DE tracks CoinShares Blockchain Global Equity. Their fees differ too: 0.20% for SP2Q.DE and 0.65% for BNXG.DE.
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