UCLA.DE vs. BNXG.DE
UCLA.DE (Invesco USD AAA CLO UCITS ETF Acc) and BNXG.DE (Invesco CoinShares Global Blockchain UCITS ETF Acc) are both exchange-traded funds - UCLA.DE is a CLO fund actively managed by Invesco, while BNXG.DE is a Technology Equities fund tracking the CoinShares Blockchain Global Equity. UCLA.DE is actively managed, while BNXG.DE is passively managed. Over the past year, UCLA.DE returned 3.59% vs 54.31% for BNXG.DE. At a correlation of -0.04, they often move in opposite directions. UCLA.DE charges 0.25%/yr vs 0.65%/yr for BNXG.DE.
Performance
UCLA.DE vs. BNXG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UCLA.DE achieves a 3.34% return, which is significantly lower than BNXG.DE's 25.60% return.
UCLA.DE
- 1D
- -0.13%
- 1M
- 1.53%
- YTD
- 3.34%
- 6M
- 2.57%
- 1Y
- 3.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNXG.DE
- 1D
- -2.38%
- 1M
- 4.50%
- YTD
- 25.60%
- 6M
- 18.37%
- 1Y
- 54.31%
- 3Y*
- 42.07%
- 5Y*
- 12.34%
- 10Y*
- —
UCLA.DE vs. BNXG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UCLA.DE Invesco USD AAA CLO UCITS ETF Acc | 3.34% | -7.62% |
BNXG.DE Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.60% | 19.90% |
Correlation
The correlation between UCLA.DE and BNXG.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.05 |
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Return for Risk
UCLA.DE vs. BNXG.DE — Risk / Return Rank
UCLA.DE
BNXG.DE
UCLA.DE vs. BNXG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco USD AAA CLO UCITS ETF Acc (UCLA.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.
| UCLA.DE | BNXG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.24 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.92 | -0.79 |
| Martin ratioReturn relative to average drawdown | 2.34 | 3.89 | -1.55 |
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
| UCLA.DE | BNXG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.43 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | 0.66 | -1.15 |
Drawdowns
UCLA.DE vs. BNXG.DE - Drawdown Comparison
The maximum UCLA.DE drawdown since its inception was -10.36%, smaller than the maximum BNXG.DE drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for UCLA.DE and BNXG.DE.
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Drawdown Indicators
| UCLA.DE | BNXG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.36% | -57.23% | +46.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -29.72% | +26.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.23% | — |
Current DrawdownCurrent decline from peak | -4.89% | -4.77% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -21.04% | +13.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 14.69% | -13.25% |
Volatility
UCLA.DE vs. BNXG.DE - Volatility Comparison
The current volatility for Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE) is 1.32%, while Invesco CoinShares Global Blockchain UCITS ETF Acc (BNXG.DE) has a volatility of 9.95%. This indicates that UCLA.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
| UCLA.DE | BNXG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 9.95% | -8.63% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 25.00% | -20.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 39.88% | -33.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 36.22% | -29.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 35.37% | -28.22% |
UCLA.DE vs. BNXG.DE - Expense Ratio Comparison
UCLA.DE has a 0.25% expense ratio, which is lower than BNXG.DE's 0.65% expense ratio.
Dividends
UCLA.DE vs. BNXG.DE - Dividend Comparison
Neither UCLA.DE nor BNXG.DE has paid dividends to shareholders.
Frequently Asked Questions
UCLA.DE and BNXG.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UCLA.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UCLA.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for BNXG.DE.
UCLA.DE is categorized as CLO, while BNXG.DE is Technology Equities. Their fees differ too: 0.25% for UCLA.DE and 0.65% for BNXG.DE.
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