CBUT.DE vs. IS4S.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and IS4S.DE (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds from iShares - CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped while IS4S.DE tracks the STOXX® Global Digital Security. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 18.46%/yr for IS4S.DE. A 0.53 correlation means they provide meaningful diversification when combined. CBUT.DE charges 0.50%/yr vs 0.40%/yr for IS4S.DE.
Performance
CBUT.DE vs. IS4S.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 IS4S.DE's 19.89% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
IS4S.DE
- 1D
- -2.36%
- 1M
- 11.23%
- YTD
- 19.89%
- 6M
- 20.35%
- 1Y
- 22.18%
- 3Y*
- 18.46%
- 5Y*
- 11.11%
- 10Y*
- —
CBUT.DE vs. IS4S.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% |
IS4S.DE iShares Digital Security UCITS ETF USD (Dist) | 19.89% | -0.10% | 22.79% | 29.73% | -5.16% |
Correlation
The correlation between CBUT.DE and IS4S.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.53 |
The correlation between CBUT.DE and IS4S.DE has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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Return for Risk
CBUT.DE vs. IS4S.DE — Risk / Return Rank
CBUT.DE
IS4S.DE
CBUT.DE vs. IS4S.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 Digital Security UCITS ETF USD (Dist) (IS4S.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 | IS4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.85 | -0.39 |
| Martin ratioReturn relative to average drawdown | 2.77 | 4.56 | -1.79 |
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 | IS4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.11 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.65 | +0.01 |
Drawdowns
CBUT.DE vs. IS4S.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than IS4S.DE's maximum drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and IS4S.DE.
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Drawdown Indicators
| CBUT.DE | IS4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -32.25% | -21.70% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -12.18% | -30.91% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -27.06% | -26.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.04% | — |
Current DrawdownCurrent decline from peak | -14.86% | -3.05% | -11.81% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -8.82% | -11.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 4.95% | +17.80% |
Volatility
CBUT.DE vs. IS4S.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.16% compared to iShares Digital Security UCITS ETF USD (Dist) (IS4S.DE) at 7.92%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than IS4S.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 | IS4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 7.92% | +6.24% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 15.87% | +20.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 20.32% | +31.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 19.85% | +40.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 20.17% | +40.29% |
CBUT.DE vs. IS4S.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than IS4S.DE's 0.40% expense ratio.
Dividends
CBUT.DE vs. IS4S.DE - Dividend Comparison
CBUT.DE has not paid dividends to shareholders, while IS4S.DE's dividend yield for the trailing twelve months is around 0.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
IS4S.DE iShares Digital Security UCITS ETF USD (Dist) | 0.28% | 0.34% | 0.44% | 0.40% | 0.91% | 1.00% | 1.03% | 0.88% |
Frequently Asked Questions
CBUT.DE and IS4S.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS4S.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS4S.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 IS4S.DE tracks STOXX® Global Digital Security. Their fees differ too: 0.50% for CBUT.DE and 0.40% for IS4S.DE.
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