CBUT.DE vs. EQEU.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and EQEU.DE (Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged) are both exchange-traded funds - CBUT.DE is a Technology Equities fund tracking the NYSE FactSet Global Blockchain Technologies Capped, while EQEU.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 25.32%/yr for EQEU.DE. A 0.57 correlation means they provide meaningful diversification when combined. CBUT.DE charges 0.50%/yr vs 0.35%/yr for EQEU.DE.
Performance
CBUT.DE vs. EQEU.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 EQEU.DE's 17.47% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
EQEU.DE
- 1D
- -0.76%
- 1M
- 6.59%
- YTD
- 17.47%
- 6M
- 16.78%
- 1Y
- 35.29%
- 3Y*
- 25.32%
- 5Y*
- 14.74%
- 10Y*
- —
CBUT.DE vs. EQEU.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% |
EQEU.DE Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged | 17.47% | 18.24% | 24.15% | 51.95% | -2.88% |
Correlation
The correlation between CBUT.DE and EQEU.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.57 |
The correlation between CBUT.DE and EQEU.DE has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
CBUT.DE vs. EQEU.DE — Risk / Return Rank
CBUT.DE
EQEU.DE
CBUT.DE vs. EQEU.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 Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.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 | EQEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 3.02 | -1.56 |
| Martin ratioReturn relative to average drawdown | 2.77 | 10.63 | -7.86 |
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 | EQEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.27 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.86 | -0.20 |
Drawdowns
CBUT.DE vs. EQEU.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than EQEU.DE's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and EQEU.DE.
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Drawdown Indicators
| CBUT.DE | EQEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -37.97% | -15.98% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -12.02% | -31.07% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -22.08% | -31.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.97% | — |
Current DrawdownCurrent decline from peak | -14.86% | -0.89% | -13.97% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -8.03% | -11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 3.42% | +19.33% |
Volatility
CBUT.DE vs. EQEU.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.16% compared to Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.DE) at 4.77%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than EQEU.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 | EQEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 4.77% | +9.39% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 11.98% | +24.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 15.97% | +35.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 20.79% | +39.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 21.03% | +39.43% |
CBUT.DE vs. EQEU.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than EQEU.DE's 0.35% expense ratio.
Dividends
CBUT.DE vs. EQEU.DE - Dividend Comparison
Neither CBUT.DE nor EQEU.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUT.DE and EQEU.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQEU.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQEU.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for CBUT.DE.
CBUT.DE is categorized as Technology Equities, while EQEU.DE is Nasdaq-100. CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped, while EQEU.DE tracks NASDAQ-100 Notional Net Total Return Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.50% for CBUT.DE and 0.35% for EQEU.DE.
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