CBUT.DE vs. AIAA.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and AIAA.DE (iShares AI Adopters & Applications UCITS ETF USD (Acc)) are both Technology Equities funds from iShares - CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped while AIAA.DE tracks the STOXX Global AI Adopters and Applications Index. Both are passively managed. Over the past year, CBUT.DE returned 59.61% vs 6.08% for AIAA.DE. At a 0.49 correlation, their price movements are largely independent. CBUT.DE charges 0.50%/yr vs 0.35%/yr for AIAA.DE.
Performance
CBUT.DE vs. AIAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUT.DE achieves a 26.50% return, which is significantly higher than AIAA.DE's -1.50% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
AIAA.DE
- 1D
- 1.37%
- 1M
- 4.93%
- YTD
- -1.50%
- 6M
- -1.86%
- 1Y
- 6.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBUT.DE vs. AIAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 26.50% | 13.17% | -17.55% |
AIAA.DE iShares AI Adopters & Applications UCITS ETF USD (Acc) | -1.50% | 5.44% | -1.65% |
Correlation
The correlation between CBUT.DE and AIAA.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024 | 0.49 |
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Return for Risk
CBUT.DE vs. AIAA.DE — Risk / Return Rank
CBUT.DE
AIAA.DE
CBUT.DE vs. AIAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) and iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.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.
| CBUT.DE | AIAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.09 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 0.46 | +1.00 |
| Martin ratioReturn relative to average drawdown | 2.77 | 1.20 | +1.57 |
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
| CBUT.DE | AIAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.46 | +0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.08 | +0.58 |
Drawdowns
CBUT.DE vs. AIAA.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than AIAA.DE's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and AIAA.DE.
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Drawdown Indicators
| CBUT.DE | AIAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -24.42% | -29.53% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -13.31% | -29.78% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | — | — |
Current DrawdownCurrent decline from peak | -14.86% | -4.34% | -10.52% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -7.45% | -12.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 5.12% | +17.63% |
Volatility
CBUT.DE vs. AIAA.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.16% compared to iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.DE) at 3.63%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than AIAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUT.DE | AIAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 3.63% | +10.53% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 10.08% | +26.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 13.43% | +38.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 17.46% | +43.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 17.46% | +43.00% |
CBUT.DE vs. AIAA.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than AIAA.DE's 0.35% expense ratio.
Dividends
CBUT.DE vs. AIAA.DE - Dividend Comparison
Neither CBUT.DE nor AIAA.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUT.DE and AIAA.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIAA.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIAA.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for CBUT.DE.
CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped, while AIAA.DE tracks STOXX Global AI Adopters and Applications Index. Their fees differ too: 0.50% for CBUT.DE and 0.35% for AIAA.DE.
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