CBUN.DE vs. WDTE.DE
CBUN.DE (iShares Digital Entertainment and Education UCITS ETF USD (Acc)) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both Technology Equities funds - CBUN.DE tracks the STOXX® Global Digital Entertainment and Education while WDTE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past 3 years, CBUN.DE returned 29.59%/yr vs 25.83%/yr for WDTE.DE. A 0.77 correlation means they provide meaningful diversification when combined. CBUN.DE charges 0.40%/yr vs 0.18%/yr for WDTE.DE.
Performance
CBUN.DE vs. WDTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUN.DE achieves a 27.45% return, which is significantly higher than WDTE.DE's 18.32% return.
CBUN.DE
- 1D
- -1.30%
- 1M
- 12.33%
- YTD
- 27.45%
- 6M
- 25.10%
- 1Y
- 32.37%
- 3Y*
- 29.59%
- 5Y*
- —
- 10Y*
- —
WDTE.DE
- 1D
- -2.54%
- 1M
- 10.74%
- YTD
- 18.32%
- 6M
- 17.59%
- 1Y
- 35.87%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
CBUN.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUN.DE iShares Digital Entertainment and Education UCITS ETF USD (Acc) | 27.45% | 9.37% | 36.98% | 26.04% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
Correlation
The correlation between CBUN.DE and WDTE.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.77 |
The correlation between CBUN.DE and WDTE.DE has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.
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Return for Risk
CBUN.DE vs. WDTE.DE — Risk / Return Rank
CBUN.DE
WDTE.DE
CBUN.DE vs. WDTE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Entertainment and Education UCITS ETF USD (Acc) (CBUN.DE) and Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.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.
| CBUN.DE | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.33 | -0.48 |
| Martin ratioReturn relative to average drawdown | 4.12 | 6.14 | -2.02 |
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
| CBUN.DE | WDTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.88 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 1.44 | -0.13 |
Drawdowns
CBUN.DE vs. WDTE.DE - Drawdown Comparison
The maximum CBUN.DE drawdown since its inception was -25.59%, smaller than the maximum WDTE.DE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for CBUN.DE and WDTE.DE.
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Drawdown Indicators
| CBUN.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.59% | -28.19% | +2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -17.83% | -15.79% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -25.59% | -28.19% | +2.60% |
Current DrawdownCurrent decline from peak | -1.91% | -3.63% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -4.97% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.01% | 5.99% | +2.02% |
Volatility
CBUN.DE vs. WDTE.DE - Volatility Comparison
The current volatility for iShares Digital Entertainment and Education UCITS ETF USD (Acc) (CBUN.DE) is 7.08%, while Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a volatility of 8.26%. This indicates that CBUN.DE experiences smaller price fluctuations and is considered to be less risky than WDTE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUN.DE | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.08% | 8.26% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 15.09% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.80% | 19.51% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.47% | 21.74% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.47% | 21.74% | -1.27% |
CBUN.DE vs. WDTE.DE - Expense Ratio Comparison
CBUN.DE has a 0.40% expense ratio, which is higher than WDTE.DE's 0.18% expense ratio.
Dividends
CBUN.DE vs. WDTE.DE - Dividend Comparison
Neither CBUN.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUN.DE and WDTE.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for CBUN.DE.
CBUN.DE tracks STOXX® Global Digital Entertainment and Education, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for CBUN.DE and 0.18% for WDTE.DE.
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