CBUT.DE vs. IBLC
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and IBLC (iShares Blockchain and Tech ETF) are both exchange-traded funds - CBUT.DE is a Technology Equities fund tracking the NYSE FactSet Global Blockchain Technologies Capped, while IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 46.12%/yr for IBLC. A 0.66 correlation means they provide meaningful diversification when combined. CBUT.DE charges 0.50%/yr vs 0.47%/yr for IBLC.
Performance
CBUT.DE vs. IBLC - Performance Comparison
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Different Trading Currencies
CBUT.DE is traded in EUR, while IBLC is traded in USD. To make them comparable, the IBLC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBUT.DE achieves a 26.50% return, which is significantly lower than IBLC's 32.49% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 10.12%
- YTD
- 26.50%
- 6M
- 11.21%
- 1Y
- 63.22%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -1.15%
- 1M
- 9.07%
- YTD
- 32.49%
- 6M
- 11.75%
- 1Y
- 62.06%
- 3Y*
- 46.12%
- 5Y*
- —
- 10Y*
- —
CBUT.DE vs. IBLC - 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% |
IBLC iShares Blockchain and Tech ETF | 32.49% | 11.97% | 26.41% | 192.43% | -33.91% |
Correlation
The correlation between CBUT.DE and IBLC is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.66 |
The correlation between CBUT.DE and IBLC has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.
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Return for Risk
CBUT.DE vs. IBLC — Risk / Return Rank
CBUT.DE
IBLC
CBUT.DE vs. IBLC - 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 Blockchain and Tech ETF (IBLC). 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 | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.37 | +0.09 |
| Martin ratioReturn relative to average drawdown | 2.77 | 2.74 | +0.03 |
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 | IBLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.15 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.35 | +0.31 |
Drawdowns
CBUT.DE vs. IBLC - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, smaller than the maximum IBLC drawdown of -62.50%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and IBLC.
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Drawdown Indicators
| CBUT.DE | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -62.50% | +8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -45.56% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -53.40% | -0.55% |
Current DrawdownCurrent decline from peak | -14.86% | -13.63% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -26.18% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 22.73% | +0.02% |
Volatility
CBUT.DE vs. IBLC - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) and iShares Blockchain and Tech ETF (IBLC) have volatilities of 14.16% and 13.76%, 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 | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 13.76% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 39.74% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 54.28% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 63.18% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 63.18% | -2.72% |
CBUT.DE vs. IBLC - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
CBUT.DE vs. IBLC - Dividend Comparison
CBUT.DE has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 4.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 4.82% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
CBUT.DE and IBLC have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBLC is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBLC is cheaper with a 0.47% expense ratio, compared with 0.50% for CBUT.DE.
CBUT.DE is categorized as Technology Equities, while IBLC is Cryptocurrency. CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped, while IBLC tracks ICE FactSet Global Blockchain Technologies Index. Their fees differ too: 0.50% for CBUT.DE and 0.47% for IBLC.
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