CBUT.DE vs. L0CK.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) are both Technology Equities funds from iShares - CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped while L0CK.DE tracks the STOXX® Global Digital Security. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 18.48%/yr for L0CK.DE. A 0.53 correlation means they provide meaningful diversification when combined. CBUT.DE charges 0.50%/yr vs 0.40%/yr for L0CK.DE.
Performance
CBUT.DE vs. L0CK.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 L0CK.DE's 19.85% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
L0CK.DE
- 1D
- -2.66%
- 1M
- 11.33%
- YTD
- 19.85%
- 6M
- 20.34%
- 1Y
- 22.13%
- 3Y*
- 18.48%
- 5Y*
- 10.97%
- 10Y*
- —
CBUT.DE vs. L0CK.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% |
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | 22.76% | 29.81% | -5.44% |
Correlation
The correlation between CBUT.DE and L0CK.DE is 0.55, 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 | 0.55 |
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 L0CK.DE has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
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Return for Risk
CBUT.DE vs. L0CK.DE — Risk / Return Rank
CBUT.DE
L0CK.DE
CBUT.DE vs. L0CK.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 (Acc) (L0CK.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 | L0CK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.81 | -0.35 |
| Martin ratioReturn relative to average drawdown | 2.77 | 4.44 | -1.67 |
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 | L0CK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.09 | +0.13 |
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 | 0.60 | +0.06 |
Drawdowns
CBUT.DE vs. L0CK.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than L0CK.DE's maximum drawdown of -32.50%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and L0CK.DE.
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Drawdown Indicators
| CBUT.DE | L0CK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -32.50% | -21.45% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -12.47% | -30.62% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -27.07% | -26.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.54% | — |
Current DrawdownCurrent decline from peak | -14.86% | -3.17% | -11.69% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -9.03% | -10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 5.08% | +17.67% |
Volatility
CBUT.DE vs. L0CK.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 (Acc) (L0CK.DE) at 8.18%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than L0CK.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 | L0CK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 8.18% | +5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 16.31% | +19.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 20.67% | +30.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 19.90% | +40.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 20.21% | +40.25% |
CBUT.DE vs. L0CK.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than L0CK.DE's 0.40% expense ratio.
Dividends
CBUT.DE vs. L0CK.DE - Dividend Comparison
Neither CBUT.DE nor L0CK.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUT.DE and L0CK.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L0CK.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L0CK.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 L0CK.DE tracks STOXX® Global Digital Security. Their fees differ too: 0.50% for CBUT.DE and 0.40% for L0CK.DE.
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