CBE3.L vs. AVWS.DE
CBE3.L (iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc)) and AVWS.DE (Avantis Global Small Cap Value UCITS ETF USD Acc EUR) are both exchange-traded funds - CBE3.L is a Short-Term Bond fund tracking the Bloomberg Euro Government Bond 1-3 Year Index, while AVWS.DE is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. CBE3.L is passively managed, while AVWS.DE is actively managed. Over the past year, CBE3.L returned 0.94% vs 34.95% for AVWS.DE. At a 0.12 correlation, their price movements are largely independent. CBE3.L charges 0.20%/yr vs 0.39%/yr for AVWS.DE.
Performance
CBE3.L vs. AVWS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBE3.L achieves a 0.13% return, which is significantly lower than AVWS.DE's 18.30% return.
CBE3.L
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 0.13%
- 6M
- 0.25%
- 1Y
- 0.94%
- 3Y*
- 2.70%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
AVWS.DE
- 1D
- 0.39%
- 1M
- 1.51%
- YTD
- 18.30%
- 6M
- 18.97%
- 1Y
- 34.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBE3.L vs. AVWS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CBE3.L iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) | 0.13% | 2.27% | 0.60% |
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc EUR | 18.30% | 7.87% | 5.65% |
Correlation
The correlation between CBE3.L and AVWS.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | 0.12 |
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Return for Risk
CBE3.L vs. AVWS.DE — Risk / Return Rank
CBE3.L
AVWS.DE
CBE3.L vs. AVWS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) (CBE3.L) and Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.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.
| CBE3.L | AVWS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.42 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 5.44 | -4.59 |
| Martin ratioReturn relative to average drawdown | 2.81 | 20.29 | -17.48 |
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
| CBE3.L | AVWS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.40 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.08 | -0.65 |
Drawdowns
CBE3.L vs. AVWS.DE - Drawdown Comparison
The maximum CBE3.L drawdown since its inception was -6.12%, smaller than the maximum AVWS.DE drawdown of -25.21%. Use the drawdown chart below to compare losses from any high point for CBE3.L and AVWS.DE.
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Drawdown Indicators
| CBE3.L | AVWS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.12% | -25.21% | +19.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -6.39% | +5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -1.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.12% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.39% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -5.13% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 1.72% | -1.38% |
Volatility
CBE3.L vs. AVWS.DE - Volatility Comparison
The current volatility for iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) (CBE3.L) is 0.41%, while Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) has a volatility of 3.27%. This indicates that CBE3.L experiences smaller price fluctuations and is considered to be less risky than AVWS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBE3.L | AVWS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 3.27% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 9.60% | -8.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.19% | 14.48% | -13.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.51% | 18.12% | -16.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 18.12% | -16.84% |
CBE3.L vs. AVWS.DE - Expense Ratio Comparison
CBE3.L has a 0.20% expense ratio, which is lower than AVWS.DE's 0.39% expense ratio.
Dividends
CBE3.L vs. AVWS.DE - Dividend Comparison
Neither CBE3.L nor AVWS.DE has paid dividends to shareholders.
Frequently Asked Questions
CBE3.L and AVWS.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBE3.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBE3.L is cheaper with a 0.20% expense ratio, compared with 0.39% for AVWS.DE.
CBE3.L is categorized as Short-Term Bond, while AVWS.DE is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.20% for CBE3.L and 0.39% for AVWS.DE.
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