CBUT.DE vs. SPYK.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) are both Technology Equities funds - CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped while SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped. Both are passively managed. Over the past 3 years, CBUT.DE returned 39.71%/yr vs 23.27%/yr for SPYK.DE. At a 0.48 correlation, their price movements are largely independent. CBUT.DE charges 0.50%/yr vs 0.18%/yr for SPYK.DE.
Performance
CBUT.DE vs. SPYK.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CBUT.DE achieves a 18.21% return, which is significantly lower than SPYK.DE's 41.03% return.
CBUT.DE
- 1D
- 0.00%
- 1M
- -6.78%
- YTD
- 18.21%
- 6M
- 14.67%
- 1Y
- 46.17%
- 3Y*
- 39.71%
- 5Y*
- —
- 10Y*
- —
SPYK.DE
- 1D
- -2.16%
- 1M
- 1.91%
- YTD
- 41.03%
- 6M
- 42.78%
- 1Y
- 53.66%
- 3Y*
- 23.27%
- 5Y*
- 12.95%
- 10Y*
- 16.42%
CBUT.DE vs. SPYK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 18.21% | 13.17% | 12.43% | 235.40% | -37.68% |
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 41.03% | 10.46% | 8.46% | 35.03% | 7.87% |
Correlation
The correlation between CBUT.DE and SPYK.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.48 |
The correlation between CBUT.DE and SPYK.DE has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBUT.DE vs. SPYK.DE — Risk / Return Rank
CBUT.DE
SPYK.DE
CBUT.DE vs. SPYK.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 SPDR MSCI Europe Technology UCITS ETF (SPYK.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBUT.DE | SPYK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 4.20 | -3.10 |
| Martin ratioReturn relative to average drawdown | 2.06 | 11.10 | -9.04 |
Loading charts...
Drawdowns
CBUT.DE vs. SPYK.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than SPYK.DE's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and SPYK.DE.
Loading charts...
Drawdown Indicators
| CBUT.DE | SPYK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -38.45% | -15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -12.73% | -30.36% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -27.02% | -26.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.45% | — |
Current DrawdownCurrent decline from peak | -20.44% | -6.12% | -14.32% |
Average DrawdownAverage peak-to-trough decline | -19.85% | -8.54% | -11.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.68% | 4.82% | +17.86% |
Volatility
CBUT.DE vs. SPYK.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.09% compared to SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) at 9.45%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than SPYK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBUT.DE | SPYK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.09% | 9.45% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 35.65% | 22.13% | +13.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.84% | 26.73% | +26.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.42% | 26.03% | +34.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.42% | 24.17% | +36.25% |
CBUT.DE vs. SPYK.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than SPYK.DE's 0.18% expense ratio.
Dividends
CBUT.DE vs. SPYK.DE - Dividend Comparison
Neither CBUT.DE nor SPYK.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUT.DE and SPYK.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for CBUT.DE.
CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped, while SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped. They also come from different issuers: iShares and State Street. Their fees differ too: 0.50% for CBUT.DE and 0.18% for SPYK.DE.
Find the right allocation for CBUT.DE and SPYK.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer