KROP.DE vs. CBUT.DE
KROP.DE (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) and CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) are both Technology Equities funds - KROP.DE tracks the Solactive AgTech and Food Innovation while CBUT.DE tracks the NYSE FactSet Global Blockchain Technologies Capped. Both are passively managed. Over the past 3 years, KROP.DE returned -2.05%/yr vs 44.53%/yr for CBUT.DE. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
KROP.DE vs. CBUT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, KROP.DE achieves a 17.14% return, which is significantly lower than CBUT.DE's 26.50% return.
KROP.DE
- 1D
- 0.13%
- 1M
- -0.17%
- YTD
- 17.14%
- 6M
- 13.93%
- 1Y
- 9.93%
- 3Y*
- -2.05%
- 5Y*
- —
- 10Y*
- —
CBUT.DE
- 1D
- -3.41%
- 1M
- 2.84%
- YTD
- 26.50%
- 6M
- 13.62%
- 1Y
- 59.61%
- 3Y*
- 44.53%
- 5Y*
- —
- 10Y*
- —
KROP.DE vs. CBUT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KROP.DE Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 17.14% | -4.87% | -2.79% | -25.11% | -9.52% |
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 26.50% | 13.17% | 12.43% | 235.40% | -36.41% |
Correlation
The correlation between KROP.DE and CBUT.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.27 |
The correlation between KROP.DE and CBUT.DE shifts across timeframes, from 0.10 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KROP.DE vs. CBUT.DE — Risk / Return Rank
KROP.DE
CBUT.DE
KROP.DE vs. CBUT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.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.
| KROP.DE | CBUT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.46 | -0.42 |
| Martin ratioReturn relative to average drawdown | 2.21 | 2.77 | -0.56 |
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
| KROP.DE | CBUT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.22 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.47 | 0.67 | -1.14 |
Drawdowns
KROP.DE vs. CBUT.DE - Drawdown Comparison
The maximum KROP.DE drawdown since its inception was -52.74%, roughly equal to the maximum CBUT.DE drawdown of -53.95%. Use the drawdown chart below to compare losses from any high point for KROP.DE and CBUT.DE.
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Drawdown Indicators
| KROP.DE | CBUT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.74% | -53.95% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -43.09% | +33.87% |
Max Drawdown (3Y)Largest decline over 3 years | -27.28% | -53.95% | +26.67% |
Current DrawdownCurrent decline from peak | -41.08% | -14.86% | -26.22% |
Average DrawdownAverage peak-to-trough decline | -36.46% | -19.96% | -16.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 22.75% | -18.41% |
Volatility
KROP.DE vs. CBUT.DE - Volatility Comparison
The current volatility for Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.DE) is 5.58%, while iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a volatility of 14.16%. This indicates that KROP.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
| KROP.DE | CBUT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 14.16% | -8.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 36.13% | -24.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 51.55% | -36.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.64% | 60.46% | -40.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.64% | 60.46% | -40.82% |
KROP.DE vs. CBUT.DE - Expense Ratio Comparison
Both KROP.DE and CBUT.DE have an expense ratio of 0.50%.
Dividends
KROP.DE vs. CBUT.DE - Dividend Comparison
Neither KROP.DE nor CBUT.DE has paid dividends to shareholders.
Frequently Asked Questions
KROP.DE and CBUT.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
KROP.DE and CBUT.DE have the same expense ratio: 0.50% per year.
KROP.DE tracks Solactive AgTech and Food Innovation, while CBUT.DE tracks NYSE FactSet Global Blockchain Technologies Capped. They also come from different issuers: Global X and iShares.
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