DAVV.DE vs. CBUT.DE
DAVV.DE (VanEck Crypto and Blockchain Innovators UCITS ETF) and CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) are both Technology Equities funds - DAVV.DE tracks the MVIS Global Digital Assets Equity while CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped. Both are passively managed. Over the past 3 years, DAVV.DE returned 52.28%/yr vs 44.53%/yr for CBUT.DE. With a 0.97 correlation, they move nearly in lockstep. DAVV.DE charges 0.65%/yr vs 0.50%/yr for CBUT.DE.
Performance
DAVV.DE vs. CBUT.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DAVV.DE having a 27.16% return and CBUT.DE slightly lower at 26.50%.
DAVV.DE
- 1D
- -3.80%
- 1M
- -0.05%
- YTD
- 27.16%
- 6M
- 13.79%
- 1Y
- 43.77%
- 3Y*
- 52.28%
- 5Y*
- -1.30%
- 10Y*
- —
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
DAVV.DE vs. CBUT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DAVV.DE VanEck Crypto and Blockchain Innovators UCITS ETF | 27.16% | -0.68% | 37.42% | 337.08% | -47.54% |
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 26.50% | 13.17% | 12.43% | 235.40% | -36.41% |
Correlation
The correlation between DAVV.DE and CBUT.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.97 |
The correlation between DAVV.DE and CBUT.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
DAVV.DE vs. CBUT.DE — Risk / Return Rank
DAVV.DE
CBUT.DE
DAVV.DE vs. CBUT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE) and iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.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.
| DAVV.DE | CBUT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.46 | -0.43 |
| Martin ratioReturn relative to average drawdown | 1.90 | 2.77 | -0.87 |
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
| DAVV.DE | CBUT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.22 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.67 | -0.72 |
Drawdowns
DAVV.DE vs. CBUT.DE - Drawdown Comparison
The maximum DAVV.DE drawdown since its inception was -91.53%, which is greater than CBUT.DE's maximum drawdown of -53.95%. Use the drawdown chart below to compare losses from any high point for DAVV.DE and CBUT.DE.
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Drawdown Indicators
| DAVV.DE | CBUT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.53% | -53.95% | -37.58% |
Max Drawdown (1Y)Largest decline over 1 year | -45.68% | -43.09% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -60.00% | -53.95% | -6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -91.53% | — | — |
Current DrawdownCurrent decline from peak | -34.58% | -14.86% | -19.72% |
Average DrawdownAverage peak-to-trough decline | -57.66% | -19.96% | -37.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.79% | 22.75% | +2.04% |
Volatility
DAVV.DE vs. CBUT.DE - Volatility Comparison
VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE) and iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) have volatilities of 14.56% and 14.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAVV.DE | CBUT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 14.16% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 40.57% | 36.13% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.12% | 51.55% | +6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.78% | 60.46% | +10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.57% | 60.46% | +10.11% |
DAVV.DE vs. CBUT.DE - Expense Ratio Comparison
DAVV.DE has a 0.65% expense ratio, which is higher than CBUT.DE's 0.50% expense ratio.
Dividends
DAVV.DE vs. CBUT.DE - Dividend Comparison
Neither DAVV.DE nor CBUT.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, DAVV.DE and CBUT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CBUT.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUT.DE is cheaper with a 0.50% expense ratio, compared with 0.65% for DAVV.DE.
DAVV.DE tracks MVIS Global Digital Assets Equity, while CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.65% for DAVV.DE and 0.50% for CBUT.DE.
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