XMLD.DE vs. BCHN.L
XMLD.DE (L&G Artificial Intelligence UCITS ETF) and BCHN.L (Invesco Elwood Global Blockchain Ucits ETF) are both Technology Equities funds - XMLD.DE tracks the ROBO Global Artificial Intelligence while BCHN.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, XMLD.DE returned 19.02%/yr vs 12.39%/yr for BCHN.L. A 0.62 correlation means they provide meaningful diversification when combined. XMLD.DE charges 0.49%/yr vs 0.65%/yr for BCHN.L.
Performance
XMLD.DE vs. BCHN.L - Performance Comparison
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Different Trading Currencies
XMLD.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, XMLD.DE achieves a 42.18% return, which is significantly higher than BCHN.L's 27.25% return.
XMLD.DE
- 1D
- -0.78%
- 1M
- 20.65%
- YTD
- 42.18%
- 6M
- 39.73%
- 1Y
- 73.37%
- 3Y*
- 33.99%
- 5Y*
- 19.02%
- 10Y*
- —
BCHN.L
- 1D
- -2.26%
- 1M
- 11.31%
- YTD
- 27.25%
- 6M
- 16.79%
- 1Y
- 58.52%
- 3Y*
- 42.08%
- 5Y*
- 12.39%
- 10Y*
- —
XMLD.DE vs. BCHN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMLD.DE L&G Artificial Intelligence UCITS ETF | 42.18% | 16.99% | 25.17% | 54.28% | -36.45% | 19.09% | 51.75% | 0.00% |
BCHN.L Invesco Elwood Global Blockchain Ucits ETF | 27.25% | 28.23% | 25.05% | 61.40% | -49.05% | 33.25% | 80.24% | -0.60% |
Correlation
The correlation between XMLD.DE and BCHN.L is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019 | 0.62 |
The correlation between XMLD.DE and BCHN.L has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
XMLD.DE vs. BCHN.L — Risk / Return Rank
XMLD.DE
BCHN.L
XMLD.DE vs. BCHN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (XMLD.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.
| XMLD.DE | BCHN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 1.88 | +2.74 |
| Martin ratioReturn relative to average drawdown | 12.52 | 3.83 | +8.70 |
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
| XMLD.DE | BCHN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 1.45 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.33 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.66 | +0.17 |
Drawdowns
XMLD.DE vs. BCHN.L - Drawdown Comparison
The maximum XMLD.DE drawdown since its inception was -42.81%, smaller than the maximum BCHN.L drawdown of -57.55%. Use the drawdown chart below to compare losses from any high point for XMLD.DE and BCHN.L.
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Drawdown Indicators
| XMLD.DE | BCHN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -57.55% | +14.74% |
Max Drawdown (1Y)Largest decline over 1 year | -15.80% | -31.01% | +15.21% |
Max Drawdown (3Y)Largest decline over 3 years | -33.67% | -38.62% | +4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -42.81% | -57.55% | +14.74% |
Current DrawdownCurrent decline from peak | -2.30% | -4.43% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -21.02% | +7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 15.25% | -9.41% |
Volatility
XMLD.DE vs. BCHN.L - Volatility Comparison
The current volatility for L&G Artificial Intelligence UCITS ETF (XMLD.DE) is 10.34%, while Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) has a volatility of 11.13%. This indicates that XMLD.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
| XMLD.DE | BCHN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 11.13% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | 26.37% | -6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.47% | 40.27% | -13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.22% | 37.90% | -10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.52% | 35.90% | -7.38% |
XMLD.DE vs. BCHN.L - Expense Ratio Comparison
XMLD.DE has a 0.49% expense ratio, which is lower than BCHN.L's 0.65% expense ratio.
Dividends
XMLD.DE vs. BCHN.L - Dividend Comparison
Neither XMLD.DE nor BCHN.L has paid dividends to shareholders.
Frequently Asked Questions
XMLD.DE and BCHN.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMLD.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMLD.DE is cheaper with a 0.49% expense ratio, compared with 0.65% for BCHN.L.
XMLD.DE tracks ROBO Global Artificial Intelligence, while BCHN.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.49% for XMLD.DE and 0.65% for BCHN.L.
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