EUNM.DE vs. CBUT.DE
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) are both exchange-traded funds - EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while CBUT.DE is a Technology Equities fund tracking the NYSE FactSet Global Blockchain Technologies Capped. Both are passively managed. Over the past 3 years, EUNM.DE returned 20.75%/yr vs 44.53%/yr for CBUT.DE. At a 0.42 correlation, their price movements are largely independent. EUNM.DE charges 0.18%/yr vs 0.50%/yr for CBUT.DE.
Performance
EUNM.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 EUNM.DE having a 27.21% return and CBUT.DE slightly lower at 26.50%.
EUNM.DE
- 1D
- -1.60%
- 1M
- 3.61%
- YTD
- 27.21%
- 6M
- 27.83%
- 1Y
- 48.65%
- 3Y*
- 20.75%
- 5Y*
- 8.41%
- 10Y*
- 9.83%
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
EUNM.DE vs. CBUT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 27.21% | 19.18% | 14.09% | 5.71% | 2.27% |
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 26.50% | 13.17% | 12.43% | 235.40% | -36.41% |
Correlation
The correlation between EUNM.DE and CBUT.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.42 |
The correlation between EUNM.DE and CBUT.DE shifts across timeframes, from 0.42 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNM.DE vs. CBUT.DE — Risk / Return Rank
EUNM.DE
CBUT.DE
EUNM.DE vs. CBUT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF (Acc) (EUNM.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.
| EUNM.DE | CBUT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.21 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 1.46 | +3.26 |
| Martin ratioReturn relative to average drawdown | 17.07 | 2.77 | +14.30 |
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
| EUNM.DE | CBUT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 1.22 | +1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.67 | -0.28 |
Drawdowns
EUNM.DE vs. CBUT.DE - Drawdown Comparison
The maximum EUNM.DE drawdown since its inception was -35.91%, smaller than the maximum CBUT.DE drawdown of -53.95%. Use the drawdown chart below to compare losses from any high point for EUNM.DE and CBUT.DE.
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Drawdown Indicators
| EUNM.DE | CBUT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -53.95% | +18.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.46% | -43.09% | +32.63% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -53.95% | +34.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.86% | — | — |
Current DrawdownCurrent decline from peak | -2.61% | -14.86% | +12.25% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -19.96% | +9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 22.75% | -19.85% |
Volatility
EUNM.DE vs. CBUT.DE - Volatility Comparison
The current volatility for iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) is 7.30%, while iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a volatility of 14.16%. This indicates that EUNM.DE experiences smaller price fluctuations and is considered to be less risky than CBUT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNM.DE | CBUT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 14.16% | -6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 36.13% | -21.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 51.55% | -33.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 60.46% | -43.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 60.46% | -42.27% |
EUNM.DE vs. CBUT.DE - Expense Ratio Comparison
EUNM.DE has a 0.18% expense ratio, which is lower than CBUT.DE's 0.50% expense ratio.
Dividends
EUNM.DE vs. CBUT.DE - Dividend Comparison
Neither EUNM.DE nor CBUT.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNM.DE and CBUT.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNM.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for CBUT.DE.
EUNM.DE is categorized as Emerging Markets Equities, while CBUT.DE is Technology Equities. EUNM.DE tracks MSCI Emerging Markets, while CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped. Their fees differ too: 0.18% for EUNM.DE and 0.50% for CBUT.DE.
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