CBUT.DE vs. AYEW.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) are both Technology Equities funds from iShares - CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped while AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 27.99%/yr for AYEW.DE. A 0.52 correlation means they provide meaningful diversification when combined. CBUT.DE charges 0.50%/yr vs 0.18%/yr for AYEW.DE.
Performance
CBUT.DE vs. AYEW.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 AYEW.DE's 24.61% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
AYEW.DE
- 1D
- -1.67%
- 1M
- 13.12%
- YTD
- 24.61%
- 6M
- 22.76%
- 1Y
- 44.30%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
CBUT.DE vs. AYEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 26.50% | 13.17% | 12.43% | 235.40% | -36.41% |
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -3.62% |
Correlation
The correlation between CBUT.DE and AYEW.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.52 |
The correlation between CBUT.DE and AYEW.DE has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.
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Return for Risk
CBUT.DE vs. AYEW.DE — Risk / Return Rank
CBUT.DE
AYEW.DE
CBUT.DE vs. AYEW.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 MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.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 | AYEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 3.01 | -1.55 |
| Martin ratioReturn relative to average drawdown | 2.77 | 8.00 | -5.23 |
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 | AYEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.26 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 1.02 | -0.35 |
Drawdowns
CBUT.DE vs. AYEW.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than AYEW.DE's maximum drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and AYEW.DE.
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Drawdown Indicators
| CBUT.DE | AYEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -31.36% | -22.59% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -14.98% | -28.11% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -29.01% | -24.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.10% | — |
Current DrawdownCurrent decline from peak | -14.86% | -2.13% | -12.73% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -7.74% | -12.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 5.64% | +17.11% |
Volatility
CBUT.DE vs. AYEW.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.16% compared to iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) at 6.77%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than AYEW.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 | AYEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 6.77% | +7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 14.89% | +21.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 19.98% | +31.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 22.77% | +37.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 23.48% | +36.98% |
CBUT.DE vs. AYEW.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than AYEW.DE's 0.18% expense ratio.
Dividends
CBUT.DE vs. AYEW.DE - Dividend Comparison
CBUT.DE has not paid dividends to shareholders, while AYEW.DE's dividend yield for the trailing twelve months is around 0.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBUT.DE and AYEW.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYEW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEW.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for CBUT.DE.
CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped, while AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. Their fees differ too: 0.50% for CBUT.DE and 0.18% for AYEW.DE.
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