CBUT.DE vs. VWCE.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - CBUT.DE is a Technology Equities fund tracking the NYSE FactSet Global Blockchain Technologies Capped, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 17.85%/yr for VWCE.DE. A 0.53 correlation means they provide meaningful diversification when combined. CBUT.DE charges 0.50%/yr vs 0.19%/yr for VWCE.DE.
Performance
CBUT.DE vs. VWCE.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 VWCE.DE's 12.64% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
CBUT.DE vs. VWCE.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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -1.40% |
Correlation
The correlation between CBUT.DE and VWCE.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.53 |
The correlation between CBUT.DE and VWCE.DE has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
CBUT.DE vs. VWCE.DE — Risk / Return Rank
CBUT.DE
VWCE.DE
CBUT.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.43 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 4.01 | -2.55 |
| Martin ratioReturn relative to average drawdown | 2.77 | 16.55 | -13.78 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.31 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.79 | -0.12 |
Drawdowns
CBUT.DE vs. VWCE.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than VWCE.DE's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and VWCE.DE.
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Drawdown Indicators
| CBUT.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -33.43% | -20.52% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -6.55% | -36.54% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -21.07% | -32.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.07% | — |
Current DrawdownCurrent decline from peak | -14.86% | -0.66% | -14.20% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -4.69% | -15.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 1.59% | +21.16% |
Volatility
CBUT.DE vs. VWCE.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.16% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.06%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 3.06% | +11.10% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 8.18% | +27.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 11.37% | +40.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 13.75% | +46.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 16.16% | +44.30% |
CBUT.DE vs. VWCE.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
CBUT.DE vs. VWCE.DE - Dividend Comparison
Neither CBUT.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUT.DE and VWCE.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.50% for CBUT.DE.
CBUT.DE is categorized as Technology Equities, while VWCE.DE is Global Equities. CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for CBUT.DE and 0.19% for VWCE.DE.
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