CBUT.DE vs. E908.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and E908.DE (Amundi TecDAX UCITS ETF Dist) are both Technology Equities funds - CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped while E908.DE tracks the TecDAX®. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 8.69%/yr for E908.DE. At a 0.41 correlation, their price movements are largely independent. CBUT.DE charges 0.50%/yr vs 0.40%/yr for E908.DE.
Performance
CBUT.DE vs. E908.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 E908.DE's 15.75% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
E908.DE
- 1D
- 0.58%
- 1M
- 10.06%
- YTD
- 15.75%
- 6M
- 16.03%
- 1Y
- 5.63%
- 3Y*
- 8.69%
- 5Y*
- 3.88%
- 10Y*
- —
CBUT.DE vs. E908.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% |
E908.DE Amundi TecDAX UCITS ETF Dist | 15.75% | 5.30% | 2.57% | 12.83% | 7.61% |
Correlation
The correlation between CBUT.DE and E908.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.41 |
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Return for Risk
CBUT.DE vs. E908.DE — Risk / Return Rank
CBUT.DE
E908.DE
CBUT.DE vs. E908.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 Amundi TecDAX UCITS ETF Dist (E908.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 | E908.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.07 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 0.42 | +1.04 |
| Martin ratioReturn relative to average drawdown | 2.77 | 0.84 | +1.93 |
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 | E908.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.36 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.48 | +0.19 |
Drawdowns
CBUT.DE vs. E908.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than E908.DE's maximum drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and E908.DE.
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Drawdown Indicators
| CBUT.DE | E908.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -34.82% | -19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -15.93% | -27.16% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -17.88% | -36.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.82% | — |
Current DrawdownCurrent decline from peak | -14.86% | -1.00% | -13.86% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -10.64% | -9.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 7.92% | +14.83% |
Volatility
CBUT.DE vs. E908.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.16% compared to Amundi TecDAX UCITS ETF Dist (E908.DE) at 5.12%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than E908.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 | E908.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 5.12% | +9.04% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 14.39% | +21.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 18.35% | +33.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 18.80% | +41.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 19.37% | +41.09% |
CBUT.DE vs. E908.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than E908.DE's 0.40% expense ratio.
Dividends
CBUT.DE vs. E908.DE - Dividend Comparison
CBUT.DE has not paid dividends to shareholders, while E908.DE's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
E908.DE Amundi TecDAX UCITS ETF Dist | 0.86% | 1.00% | 1.00% | 1.71% | 1.08% | 0.50% | 0.60% | 0.93% | 0.90% | 0.84% |
Frequently Asked Questions
CBUT.DE and E908.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E908.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E908.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for CBUT.DE.
CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped, while E908.DE tracks TecDAX®. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for CBUT.DE and 0.40% for E908.DE.
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