AYEU.DE vs. CBUX.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - AYEU.DE is a Global Equities fund tracking the STOXX Global Smart City Infrastructure Index, while CBUX.DE is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 3 years, AYEU.DE returned 14.16%/yr vs 10.01%/yr for CBUX.DE. At a 0.36 correlation, their price movements are largely independent. AYEU.DE charges 0.40%/yr vs 0.65%/yr for CBUX.DE.
Performance
AYEU.DE vs. CBUX.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 higher than CBUX.DE's 15.37% 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*
- —
CBUX.DE
- 1D
- 0.65%
- 1M
- 3.15%
- 6M
- 15.16%
- YTD
- 15.37%
- 1Y
- 19.81%
- 3Y*
- 10.01%
- 5Y*
- —
- 10Y*
- —
AYEU.DE vs. CBUX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | 16.04% | 8.35% |
CBUX.DE iShares Global Infrastructure UCITS ETF USD (Acc) | 15.37% | 0.75% | 14.53% | -1.47% |
Correlation
The correlation between AYEU.DE and CBUX.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2023 | 0.36 |
The correlation between AYEU.DE and CBUX.DE shifts across timeframes, from 0.16 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AYEU.DE vs. CBUX.DE — Risk / Return Rank
AYEU.DE
CBUX.DE
AYEU.DE vs. CBUX.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 Global Infrastructure UCITS ETF USD (Acc) (CBUX.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 | CBUX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 4.67 | -1.85 |
| Martin ratioReturn relative to average drawdown | 9.05 | 10.62 | -1.57 |
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Drawdowns
AYEU.DE vs. CBUX.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, which is greater than CBUX.DE's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and CBUX.DE.
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Drawdown Indicators
| AYEU.DE | CBUX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -14.96% | -7.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -4.22% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -14.96% | -6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | -0.32% | -2.93% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -3.75% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.86% | +0.64% |
Volatility
AYEU.DE vs. CBUX.DE - Volatility Comparison
iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) has a higher volatility of 5.11% compared to iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) at 3.40%. This indicates that AYEU.DE's price experiences larger fluctuations and is considered to be riskier than CBUX.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 | CBUX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 3.40% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 8.87% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 10.71% | +5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 11.97% | +4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 11.97% | +3.90% |
AYEU.DE vs. CBUX.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is lower than CBUX.DE's 0.65% expense ratio.
Dividends
AYEU.DE vs. CBUX.DE - Dividend Comparison
Neither AYEU.DE nor CBUX.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and CBUX.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYEU.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEU.DE is cheaper with a 0.40% expense ratio, compared with 0.65% for CBUX.DE.
AYEU.DE is categorized as Global Equities, while CBUX.DE is Utilities Equities. AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while CBUX.DE tracks FTSE Global Core Infrastructure Index. Their fees differ too: 0.40% for AYEU.DE and 0.65% for CBUX.DE.
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