CBU0.DE vs. 36BD.DE
CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) and 36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) are both exchange-traded funds - CBU0.DE is a Corporate Bonds fund tracking the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged), while 36BD.DE is a Government Bonds fund tracking the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped. Both are passively managed. Over the past 3 years, CBU0.DE returned 3.94%/yr vs 1.18%/yr for 36BD.DE. At a 0.07 correlation, their price movements are largely independent. CBU0.DE charges 0.25%/yr vs 0.15%/yr for 36BD.DE.
Performance
CBU0.DE vs. 36BD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBU0.DE achieves a -0.89% return, which is significantly lower than 36BD.DE's 1.33% return.
CBU0.DE
- 1D
- 0.17%
- 1M
- 0.91%
- YTD
- -0.89%
- 6M
- -0.71%
- 1Y
- 2.45%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
CBU0.DE vs. 36BD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -0.89% | 4.58% | -0.25% | 5.06% |
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | -1.50% |
Correlation
The correlation between CBU0.DE and 36BD.DE is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.07 |
The correlation between CBU0.DE and 36BD.DE shifts across timeframes, from -0.18 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CBU0.DE vs. 36BD.DE — Risk / Return Rank
CBU0.DE
36BD.DE
CBU0.DE vs. 36BD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) and iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.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.
| CBU0.DE | 36BD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.06 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.47 | +0.12 |
| Martin ratioReturn relative to average drawdown | 1.62 | 1.13 | +0.49 |
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
| CBU0.DE | 36BD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.32 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.18 | +0.27 |
Drawdowns
CBU0.DE vs. 36BD.DE - Drawdown Comparison
The maximum CBU0.DE drawdown since its inception was -6.02%, smaller than the maximum 36BD.DE drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for CBU0.DE and 36BD.DE.
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Drawdown Indicators
| CBU0.DE | 36BD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.02% | -11.97% | +5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -3.71% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -10.13% | +5.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.97% | — |
Current DrawdownCurrent decline from peak | -2.03% | -6.13% | +4.10% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -4.97% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.55% | -0.03% |
Volatility
CBU0.DE vs. 36BD.DE - Volatility Comparison
iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a higher volatility of 2.00% compared to iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) at 0.74%. This indicates that CBU0.DE's price experiences larger fluctuations and is considered to be riskier than 36BD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBU0.DE | 36BD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 0.74% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 3.65% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 5.39% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 7.21% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 7.16% | -1.35% |
CBU0.DE vs. 36BD.DE - Expense Ratio Comparison
CBU0.DE has a 0.25% expense ratio, which is higher than 36BD.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CBU0.DE vs. 36BD.DE - Dividend Comparison
Neither CBU0.DE nor 36BD.DE has paid dividends to shareholders.
Frequently Asked Questions
CBU0.DE and 36BD.DE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BD.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BD.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CBU0.DE.
CBU0.DE is categorized as Corporate Bonds, while 36BD.DE is Government Bonds. CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged), while 36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped. Their fees differ too: 0.25% for CBU0.DE and 0.15% for 36BD.DE.
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