CBUT.DE vs. IS3Q.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both exchange-traded funds - CBUT.DE is a Technology Equities fund tracking the NYSE FactSet Global Blockchain Technologies Capped, while IS3Q.DE is a Global Equities fund tracking the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 15.09%/yr for IS3Q.DE. At a 0.47 correlation, their price movements are largely independent. CBUT.DE charges 0.50%/yr vs 0.30%/yr for IS3Q.DE.
Performance
CBUT.DE vs. IS3Q.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 IS3Q.DE's 9.47% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
CBUT.DE vs. IS3Q.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% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 23.78% | 21.70% | -0.42% |
Correlation
The correlation between CBUT.DE and IS3Q.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.47 |
The correlation between CBUT.DE and IS3Q.DE has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
CBUT.DE vs. IS3Q.DE — Risk / Return Rank
CBUT.DE
IS3Q.DE
CBUT.DE vs. IS3Q.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 Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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 | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.97 | -1.51 |
| Martin ratioReturn relative to average drawdown | 2.77 | 11.80 | -9.03 |
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 | IS3Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.76 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.76 | -0.10 |
Drawdowns
CBUT.DE vs. IS3Q.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than IS3Q.DE's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and IS3Q.DE.
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Drawdown Indicators
| CBUT.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -32.31% | -21.64% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -6.33% | -36.76% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -20.63% | -33.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.31% | — |
Current DrawdownCurrent decline from peak | -14.86% | -0.12% | -14.74% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -4.61% | -15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 1.60% | +21.15% |
Volatility
CBUT.DE vs. IS3Q.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.16% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.37%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than IS3Q.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 | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 2.37% | +11.79% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 7.31% | +28.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 10.66% | +40.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 14.15% | +46.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 14.89% | +45.57% |
CBUT.DE vs. IS3Q.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than IS3Q.DE's 0.30% expense ratio.
Dividends
CBUT.DE vs. IS3Q.DE - Dividend Comparison
Neither CBUT.DE nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUT.DE and IS3Q.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3Q.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3Q.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for CBUT.DE.
CBUT.DE is categorized as Technology Equities, while IS3Q.DE is Global Equities. CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped, while IS3Q.DE tracks MSCI World Sector Neutral Quality. Their fees differ too: 0.50% for CBUT.DE and 0.30% for IS3Q.DE.
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