CBUT.DE vs. WELU.DE
CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) and WELU.DE (Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc) are both Technology Equities funds - CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped while WELU.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. Both are passively managed. Over the past 3 years, CBUT.DE returned 44.53%/yr vs 27.35%/yr for WELU.DE. A 0.50 correlation means they provide meaningful diversification when combined. CBUT.DE charges 0.50%/yr vs 0.18%/yr for WELU.DE.
Performance
CBUT.DE vs. WELU.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 WELU.DE's 21.54% return.
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
WELU.DE
- 1D
- -1.73%
- 1M
- 11.36%
- YTD
- 21.54%
- 6M
- 19.44%
- 1Y
- 43.16%
- 3Y*
- 27.35%
- 5Y*
- —
- 10Y*
- —
CBUT.DE vs. WELU.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% |
WELU.DE Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc | 21.54% | 9.54% | 38.64% | 57.43% | -4.64% |
Correlation
The correlation between CBUT.DE and WELU.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.50 |
The correlation between CBUT.DE and WELU.DE shifts across timeframes, from 0.48 (3 years) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CBUT.DE vs. WELU.DE — Risk / Return Rank
CBUT.DE
WELU.DE
CBUT.DE vs. WELU.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 Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.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 | WELU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.70 | -1.24 |
| Martin ratioReturn relative to average drawdown | 2.77 | 6.94 | -4.17 |
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 | WELU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.15 | -0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 1.52 | -0.85 |
Drawdowns
CBUT.DE vs. WELU.DE - Drawdown Comparison
The maximum CBUT.DE drawdown since its inception was -53.95%, which is greater than WELU.DE's maximum drawdown of -28.67%. Use the drawdown chart below to compare losses from any high point for CBUT.DE and WELU.DE.
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Drawdown Indicators
| CBUT.DE | WELU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -28.67% | -25.28% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -16.26% | -26.83% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -28.67% | -25.28% |
Current DrawdownCurrent decline from peak | -14.86% | -2.65% | -12.21% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -4.74% | -15.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 6.35% | +16.40% |
Volatility
CBUT.DE vs. WELU.DE - Volatility Comparison
iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a higher volatility of 14.16% compared to Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE) at 6.70%. This indicates that CBUT.DE's price experiences larger fluctuations and is considered to be riskier than WELU.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 | WELU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 6.70% | +7.46% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 14.75% | +21.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.55% | 20.41% | +31.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.46% | 22.28% | +38.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.46% | 22.28% | +38.18% |
CBUT.DE vs. WELU.DE - Expense Ratio Comparison
CBUT.DE has a 0.50% expense ratio, which is higher than WELU.DE's 0.18% expense ratio.
Dividends
CBUT.DE vs. WELU.DE - Dividend Comparison
Neither CBUT.DE nor WELU.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUT.DE and WELU.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELU.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 WELU.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for CBUT.DE and 0.18% for WELU.DE.
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