CBUT.DE vs. IUSQ.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - CBUT.DE is a Technology Equities fund tracking the NYSE FactSet Global Blockchain Technologies Capped, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 17.93%/yr for IUSQ.DE. A 0.53 correlation means they provide meaningful diversification when combined. CBUT.DE charges 0.50%/yr vs 0.20%/yr for IUSQ.DE.
Performance
CBUT.DE vs. IUSQ.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 IUSQ.DE's 12.65% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
IUSQ.DE
- 1D
- -0.23%
- 1M
- 3.68%
- YTD
- 12.65%
- 6M
- 12.87%
- 1Y
- 26.39%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
CBUT.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -1.58% |
Correlation
The correlation between CBUT.DE and IUSQ.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.53 |
The correlation between CBUT.DE and IUSQ.DE has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.
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Return for Risk
CBUT.DE vs. IUSQ.DE — Risk / Return Rank
CBUT.DE
IUSQ.DE
CBUT.DE vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.43 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 4.08 | -2.62 |
| Martin ratioReturn relative to average drawdown | 2.77 | 16.69 | -13.92 |
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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.31 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.76 | -0.10 |
Drawdowns
CBUT.DE vs. IUSQ.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than IUSQ.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and IUSQ.DE.
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Drawdown Indicators
| CBUT.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -33.60% | -20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -6.48% | -36.61% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -21.25% | -32.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -14.86% | -0.55% | -14.31% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -4.19% | -15.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 1.59% | +21.16% |
Volatility
CBUT.DE vs. IUSQ.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.16% compared to iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.03%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 3.03% | +11.13% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 8.26% | +27.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 11.47% | +40.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 13.94% | +46.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 15.02% | +45.44% |
CBUT.DE vs. IUSQ.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
CBUT.DE vs. IUSQ.DE - Dividend Comparison
Neither CBUT.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUT.DE and IUSQ.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for CBUT.DE.
CBUT.DE is categorized as Technology Equities, while IUSQ.DE is Global Equities. CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.50% for CBUT.DE and 0.20% for IUSQ.DE.
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