CBUT.DE vs. DAVV.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and DAVV.DE (VanEck Crypto and Blockchain Innovators UCITS ETF) are both Technology Equities funds - CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped while DAVV.DE tracks the MVIS Global Digital Assets Equity. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 52.28%/yr for DAVV.DE. With a 0.97 correlation, they move nearly in lockstep. CBUT.DE charges 0.50%/yr vs 0.65%/yr for DAVV.DE.
Performance
CBUT.DE vs. DAVV.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CBUT.DE having a 26.50% return and DAVV.DE slightly higher at 27.16%.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
DAVV.DE
- 1D
- -3.80%
- 1M
- -0.05%
- YTD
- 27.16%
- 6M
- 13.79%
- 1Y
- 43.77%
- 3Y*
- 52.28%
- 5Y*
- -1.30%
- 10Y*
- —
CBUT.DE vs. DAVV.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% |
DAVV.DE VanEck Crypto and Blockchain Innovators UCITS ETF | 27.16% | -0.68% | 37.42% | 337.08% | -47.54% |
Correlation
The correlation between CBUT.DE and DAVV.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.97 |
The correlation between CBUT.DE and DAVV.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
CBUT.DE vs. DAVV.DE — Risk / Return Rank
CBUT.DE
DAVV.DE
CBUT.DE vs. DAVV.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 VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.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 | DAVV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.03 | +0.43 |
| Martin ratioReturn relative to average drawdown | 2.77 | 1.90 | +0.87 |
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 | DAVV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.81 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | -0.05 | +0.72 |
Drawdowns
CBUT.DE vs. DAVV.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, smaller than the maximum DAVV.DE drawdown of -91.53%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and DAVV.DE.
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Drawdown Indicators
| CBUT.DE | DAVV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -91.53% | +37.58% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -45.68% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -60.00% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -91.53% | — |
Current DrawdownCurrent decline from peak | -14.86% | -34.58% | +19.72% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -57.66% | +37.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 24.79% | -2.04% |
Volatility
CBUT.DE vs. DAVV.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) and VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE) have volatilities of 14.16% and 14.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUT.DE | DAVV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 14.56% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 40.57% | -4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 58.12% | -6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 70.78% | -10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 70.57% | -10.11% |
CBUT.DE vs. DAVV.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is lower than DAVV.DE's 0.65% expense ratio.
Dividends
CBUT.DE vs. DAVV.DE - Dividend Comparison
Neither CBUT.DE nor DAVV.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, CBUT.DE and DAVV.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CBUT.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUT.DE is cheaper with a 0.50% expense ratio, compared with 0.65% for DAVV.DE.
CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped, while DAVV.DE tracks MVIS Global Digital Assets Equity. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.50% for CBUT.DE and 0.65% for DAVV.DE.
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