SXR7.DE vs. BCHN.L
SXR7.DE (iShares Core MSCI EMU UCITS ETF EUR (Acc)) and BCHN.L (Invesco Elwood Global Blockchain Ucits ETF) are both exchange-traded funds - SXR7.DE is a Europe Equities fund tracking the MSCI EMU, while BCHN.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, SXR7.DE returned 10.63%/yr vs 12.39%/yr for BCHN.L. A 0.55 correlation means they provide meaningful diversification when combined. SXR7.DE charges 0.12%/yr vs 0.65%/yr for BCHN.L.
Performance
SXR7.DE vs. BCHN.L - Performance Comparison
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Different Trading Currencies
SXR7.DE is traded in EUR, while BCHN.L is traded in USD. To make them comparable, the BCHN.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXR7.DE achieves a 8.77% return, which is significantly lower than BCHN.L's 27.25% return.
SXR7.DE
- 1D
- 0.57%
- 1M
- 2.06%
- YTD
- 8.77%
- 6M
- 10.62%
- 1Y
- 17.64%
- 3Y*
- 16.10%
- 5Y*
- 10.63%
- 10Y*
- 10.03%
BCHN.L
- 1D
- -2.26%
- 1M
- 11.31%
- YTD
- 27.25%
- 6M
- 16.79%
- 1Y
- 58.52%
- 3Y*
- 42.08%
- 5Y*
- 12.39%
- 10Y*
- —
SXR7.DE vs. BCHN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SXR7.DE iShares Core MSCI EMU UCITS ETF EUR (Acc) | 8.77% | 24.84% | 9.37% | 18.88% | -11.80% | 22.25% | -0.64% | 14.50% |
BCHN.L Invesco Elwood Global Blockchain Ucits ETF | 27.27% | 28.23% | 25.05% | 61.40% | -49.05% | 33.25% | 80.24% | 15.34% |
Correlation
The correlation between SXR7.DE and BCHN.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 | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2019 | 0.55 |
The correlation between SXR7.DE and BCHN.L has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
SXR7.DE vs. BCHN.L — Risk / Return Rank
SXR7.DE
BCHN.L
SXR7.DE vs. BCHN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Acc) (SXR7.DE) and Invesco Elwood Global Blockchain Ucits ETF (BCHN.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.
| SXR7.DE | BCHN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.88 | -0.12 |
| Martin ratioReturn relative to average drawdown | 6.42 | 3.83 | +2.59 |
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
| SXR7.DE | BCHN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.45 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.33 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.66 | -0.20 |
Drawdowns
SXR7.DE vs. BCHN.L - Drawdown Comparison
The maximum SXR7.DE drawdown since its inception was -38.17%, smaller than the maximum BCHN.L drawdown of -57.55%. Use the drawdown chart below to compare losses from any high point for SXR7.DE and BCHN.L.
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Drawdown Indicators
| SXR7.DE | BCHN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.17% | -57.55% | +19.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -31.01% | +20.80% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -38.62% | +23.50% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -57.55% | +33.06% |
Max Drawdown (10Y)Largest decline over 10 years | -38.17% | — | — |
Current DrawdownCurrent decline from peak | -0.50% | -4.43% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -21.02% | +14.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 15.25% | -12.45% |
Volatility
SXR7.DE vs. BCHN.L - Volatility Comparison
The current volatility for iShares Core MSCI EMU UCITS ETF EUR (Acc) (SXR7.DE) is 4.57%, while Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) has a volatility of 11.13%. This indicates that SXR7.DE experiences smaller price fluctuations and is considered to be less risky than BCHN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXR7.DE | BCHN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 11.13% | -6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 26.37% | -14.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 40.27% | -25.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 37.90% | -21.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 35.90% | -18.88% |
SXR7.DE vs. BCHN.L - Expense Ratio Comparison
SXR7.DE has a 0.12% expense ratio, which is lower than BCHN.L's 0.65% expense ratio.
Dividends
SXR7.DE vs. BCHN.L - Dividend Comparison
Neither SXR7.DE nor BCHN.L has paid dividends to shareholders.
Frequently Asked Questions
SXR7.DE and BCHN.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, SXR7.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR7.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for BCHN.L.
SXR7.DE is categorized as Europe Equities, while BCHN.L is Technology Equities. SXR7.DE tracks MSCI EMU, while BCHN.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for SXR7.DE and 0.65% for BCHN.L.
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