CBUT.DE vs. WDTE.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both Technology Equities funds - CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped while WDTE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 25.83%/yr for WDTE.DE. At a 0.47 correlation, their price movements are largely independent. CBUT.DE charges 0.50%/yr vs 0.18%/yr for WDTE.DE.
Performance
CBUT.DE vs. WDTE.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 WDTE.DE's 18.32% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
WDTE.DE
- 1D
- -2.54%
- 1M
- 10.74%
- YTD
- 18.32%
- 6M
- 17.59%
- 1Y
- 35.87%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
CBUT.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 26.50% | 13.17% | 12.43% | 89.58% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
Correlation
The correlation between CBUT.DE and WDTE.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 | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.47 |
The correlation between CBUT.DE and WDTE.DE has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
CBUT.DE vs. WDTE.DE — Risk / Return Rank
CBUT.DE
WDTE.DE
CBUT.DE vs. WDTE.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 Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.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 | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.33 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.77 | 6.14 | -3.37 |
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 | WDTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.88 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 1.44 | -0.77 |
Drawdowns
CBUT.DE vs. WDTE.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than WDTE.DE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and WDTE.DE.
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Drawdown Indicators
| CBUT.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -28.19% | -25.76% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -15.79% | -27.30% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -28.19% | -25.76% |
Current DrawdownCurrent decline from peak | -14.86% | -3.63% | -11.23% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -4.97% | -14.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 5.99% | +16.76% |
Volatility
CBUT.DE vs. WDTE.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.16% compared to Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) at 8.26%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than WDTE.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 | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 8.26% | +5.90% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 15.09% | +21.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 19.51% | +32.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 21.74% | +38.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 21.74% | +38.72% |
CBUT.DE vs. WDTE.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than WDTE.DE's 0.18% expense ratio.
Dividends
CBUT.DE vs. WDTE.DE - Dividend Comparison
Neither CBUT.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUT.DE and WDTE.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, WDTE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.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 WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.50% for CBUT.DE and 0.18% for WDTE.DE.
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