CBE3.L vs. CBUX.DE
CBE3.L (iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc)) and CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - CBE3.L is a Short-Term Bond fund tracking the Bloomberg Euro Government Bond 1-3 Year 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, CBE3.L returned 2.87%/yr vs 10.54%/yr for CBUX.DE. At a 0.15 correlation, their price movements are largely independent. CBE3.L charges 0.20%/yr vs 0.65%/yr for CBUX.DE.
Performance
CBE3.L vs. CBUX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBE3.L achieves a 0.48% return, which is significantly lower than CBUX.DE's 14.81% return.
CBE3.L
- 1D
- 0.03%
- 1M
- 0.30%
- YTD
- 0.48%
- 6M
- 0.60%
- 1Y
- 1.25%
- 3Y*
- 2.87%
- 5Y*
- 0.90%
- 10Y*
- 0.41%
CBUX.DE
- 1D
- 0.49%
- 1M
- 1.14%
- YTD
- 14.81%
- 6M
- 15.89%
- 1Y
- 20.39%
- 3Y*
- 10.54%
- 5Y*
- —
- 10Y*
- —
CBE3.L vs. CBUX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBE3.L iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) | 0.48% | 2.28% | 3.10% | 3.57% |
CBUX.DE iShares Global Infrastructure UCITS ETF USD (Acc) | 14.81% | 0.75% | 14.53% | -1.47% |
Correlation
The correlation between CBE3.L and CBUX.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2023 | 0.15 |
The correlation between CBE3.L and CBUX.DE shifts across timeframes, from 0.07 (1 year) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CBE3.L vs. CBUX.DE — Risk / Return Rank
CBE3.L
CBUX.DE
CBE3.L vs. CBUX.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 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.
| CBE3.L | CBUX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 4.81 | -3.68 |
| Martin ratioReturn relative to average drawdown | 3.62 | 10.96 | -7.33 |
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Drawdowns
CBE3.L vs. CBUX.DE - Drawdown Comparison
The maximum CBE3.L drawdown since its inception was -6.13%, smaller than the maximum CBUX.DE drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for CBE3.L and CBUX.DE.
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Drawdown Indicators
| CBE3.L | CBUX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.13% | -14.96% | +8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -4.22% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -1.11% | -14.96% | +13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -5.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.13% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | 0.00% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -1.02% | -3.77% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 1.86% | -1.52% |
Volatility
CBE3.L vs. CBUX.DE - Volatility Comparison
The current volatility for iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) (CBE3.L) is 0.30%, while iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) has a volatility of 4.49%. This indicates that CBE3.L experiences smaller price fluctuations and is considered to be less risky 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
| CBE3.L | CBUX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 4.49% | -4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 8.95% | -7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.19% | 10.72% | -9.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.51% | 11.99% | -10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 11.99% | -10.71% |
CBE3.L vs. CBUX.DE - Expense Ratio Comparison
CBE3.L has a 0.20% expense ratio, which is lower than CBUX.DE's 0.65% expense ratio.
Dividends
CBE3.L vs. CBUX.DE - Dividend Comparison
Neither CBE3.L nor CBUX.DE has paid dividends to shareholders.
Frequently Asked Questions
CBE3.L and CBUX.DE have a correlation of 0.07, 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 0.65% for CBUX.DE.
CBE3.L is categorized as Short-Term Bond, while CBUX.DE is Utilities Equities. CBE3.L tracks Bloomberg Euro Government Bond 1-3 Year Index, while CBUX.DE tracks FTSE Global Core Infrastructure Index. Their fees differ too: 0.20% for CBE3.L and 0.65% for CBUX.DE.
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