AYEU.DE vs. CBUI.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and CBUI.DE (iShares MSCI World Value Factor ESG UCITS ETF USD Acc) are both Global Equities funds from iShares - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while CBUI.DE tracks the MSCI World Value ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, AYEU.DE returned 14.16%/yr vs 21.30%/yr for CBUI.DE. Their correlation of 0.82 suggests significant overlap in exposure. AYEU.DE charges 0.40%/yr vs 0.30%/yr for CBUI.DE.
Performance
AYEU.DE vs. CBUI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEU.DE achieves a 16.81% return, which is significantly lower than CBUI.DE's 20.99% return.
AYEU.DE
- 1D
- 1.09%
- 1M
- -3.25%
- 6M
- 16.81%
- YTD
- 16.81%
- 1Y
- 22.71%
- 3Y*
- 14.16%
- 5Y*
- 9.09%
- 10Y*
- —
CBUI.DE
- 1D
- 0.73%
- 1M
- 1.10%
- 6M
- 20.12%
- YTD
- 20.99%
- 1Y
- 41.88%
- 3Y*
- 21.30%
- 5Y*
- —
- 10Y*
- —
AYEU.DE vs. CBUI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | 16.04% | 15.64% | -17.79% | 5.19% |
CBUI.DE iShares MSCI World Value Factor ESG UCITS ETF USD Acc | 20.99% | 20.99% | 13.86% | 15.81% | -6.11% | 7.26% |
Correlation
The correlation between AYEU.DE and CBUI.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.82 |
The correlation between AYEU.DE and CBUI.DE has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.
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Return for Risk
AYEU.DE vs. CBUI.DE — Risk / Return Rank
AYEU.DE
CBUI.DE
AYEU.DE vs. CBUI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) and iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AYEU.DE | CBUI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.56 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 6.62 | -3.80 |
| Martin ratioReturn relative to average drawdown | 9.05 | 25.36 | -16.30 |
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Drawdowns
AYEU.DE vs. CBUI.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, which is greater than CBUI.DE's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and CBUI.DE.
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Drawdown Indicators
| AYEU.DE | CBUI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -19.51% | -2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -6.29% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -19.51% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | -0.12% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -3.18% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.65% | +0.85% |
Volatility
AYEU.DE vs. CBUI.DE - Volatility Comparison
iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) has a higher volatility of 5.11% compared to iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE) at 3.33%. This indicates that AYEU.DE's price experiences larger fluctuations and is considered to be riskier than CBUI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEU.DE | CBUI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 3.33% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 9.91% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 13.05% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 14.17% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 14.17% | +1.70% |
AYEU.DE vs. CBUI.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than CBUI.DE's 0.30% expense ratio.
Dividends
AYEU.DE vs. CBUI.DE - Dividend Comparison
Neither AYEU.DE nor CBUI.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and CBUI.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUI.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUI.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while CBUI.DE tracks MSCI World Value ESG Reduced Carbon Target Select. Their fees differ too: 0.40% for AYEU.DE and 0.30% for CBUI.DE.
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