BBCK.DE vs. CBUG.DE
BBCK.DE (Invesco Global Buyback Achievers UCITS ETF) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - BBCK.DE tracks the Nasdaq Global Buyback Achievers while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, BBCK.DE returned 19.27%/yr vs 15.67%/yr for CBUG.DE. Their correlation of 0.83 suggests significant overlap in exposure. BBCK.DE charges 0.39%/yr vs 0.10%/yr for CBUG.DE.
Performance
BBCK.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BBCK.DE achieves a 9.07% return, which is significantly lower than CBUG.DE's 18.13% return.
BBCK.DE
- 1D
- -0.13%
- 1M
- 2.78%
- YTD
- 9.07%
- 6M
- 8.53%
- 1Y
- 24.98%
- 3Y*
- 19.27%
- 5Y*
- 10.80%
- 10Y*
- 12.70%
CBUG.DE
- 1D
- 0.65%
- 1M
- 4.21%
- YTD
- 18.13%
- 6M
- 18.13%
- 1Y
- 33.69%
- 3Y*
- 15.67%
- 5Y*
- —
- 10Y*
- —
BBCK.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 9.07% | 16.70% | 19.10% | 11.74% | -6.61% | 2.13% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 18.13% | 6.50% | 13.10% | 11.25% | -14.07% | 2.02% |
Correlation
The correlation between BBCK.DE and CBUG.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.83 |
The correlation between BBCK.DE and CBUG.DE has been stable across timeframes, ranging from 0.73 to 0.83 - a consistent structural relationship.
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Return for Risk
BBCK.DE vs. CBUG.DE — Risk / Return Rank
BBCK.DE
CBUG.DE
BBCK.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) and iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.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.
| BBCK.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.43 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 4.63 | +1.02 |
| Martin ratioReturn relative to average drawdown | 17.35 | 17.68 | -0.33 |
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Drawdowns
BBCK.DE vs. CBUG.DE - Drawdown Comparison
The maximum BBCK.DE drawdown since its inception was -33.24%, which is greater than CBUG.DE's maximum drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for BBCK.DE and CBUG.DE.
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Drawdown Indicators
| BBCK.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.24% | -24.57% | -8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.40% | -7.24% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -24.57% | +3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -21.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.24% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -7.41% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.90% | -0.46% |
Volatility
BBCK.DE vs. CBUG.DE - Volatility Comparison
The current volatility for Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) is 2.89%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.37%. This indicates that BBCK.DE experiences smaller price fluctuations and is considered to be less risky than CBUG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBCK.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 3.37% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 10.00% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 13.98% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 16.66% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 16.66% | +6.69% |
BBCK.DE vs. CBUG.DE - Expense Ratio Comparison
BBCK.DE has a 0.39% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
BBCK.DE vs. CBUG.DE - Dividend Comparison
BBCK.DE's dividend yield for the trailing twelve months is around 1.69%, while CBUG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 1.69% | 1.88% | 1.78% | 1.74% | 1.96% | 1.17% | 1.61% | 1.84% | 1.35% | 1.23% | 1.64% | 1.29% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBCK.DE and CBUG.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUG.DE is cheaper with a 0.10% expense ratio, compared with 0.39% for BBCK.DE.
BBCK.DE tracks Nasdaq Global Buyback Achievers, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for BBCK.DE and 0.10% for CBUG.DE.
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