CBU0.DE vs. IS3F.DE
CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) and IS3F.DE (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) are both Corporate Bonds funds from iShares - CBU0.DE tracks the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged) while IS3F.DE tracks the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index. Both are passively managed. Over the past 3 years, CBU0.DE returned 4.05%/yr vs 6.79%/yr for IS3F.DE. At a correlation of -0.21, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
CBU0.DE vs. IS3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBU0.DE achieves a -1.09% return, which is significantly lower than IS3F.DE's 5.22% return.
CBU0.DE
- 1D
- -0.37%
- 1M
- -0.73%
- 6M
- -2.16%
- YTD
- -1.09%
- 1Y
- 1.69%
- 3Y*
- 4.05%
- 5Y*
- —
- 10Y*
- —
IS3F.DE
- 1D
- 0.24%
- 1M
- 0.98%
- 6M
- 3.95%
- YTD
- 5.22%
- 1Y
- 6.48%
- 3Y*
- 6.79%
- 5Y*
- 6.06%
- 10Y*
- 4.05%
CBU0.DE vs. IS3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -1.09% | 4.57% | -0.38% | 4.77% |
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 5.22% | -6.28% | 14.29% | 8.85% |
Correlation
The correlation between CBU0.DE and IS3F.DE is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2023 | -0.21 |
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Return for Risk
CBU0.DE vs. IS3F.DE — Risk / Return Rank
CBU0.DE
IS3F.DE
CBU0.DE vs. IS3F.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 $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.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.
| CBU0.DE | IS3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 2.20 | -1.82 |
| Martin ratioReturn relative to average drawdown | 1.03 | 5.63 | -4.60 |
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Drawdowns
CBU0.DE vs. IS3F.DE - Drawdown Comparison
The maximum CBU0.DE drawdown since its inception was -6.16%, smaller than the maximum IS3F.DE drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for CBU0.DE and IS3F.DE.
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Drawdown Indicators
| CBU0.DE | IS3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.16% | -27.25% | +21.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -2.93% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.32% | -11.67% | +7.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.78% | — |
Current DrawdownCurrent decline from peak | -2.34% | -3.64% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -8.17% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.15% | +0.48% |
Volatility
CBU0.DE vs. IS3F.DE - Volatility Comparison
The current volatility for iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) is 1.52%, while iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.DE) has a volatility of 1.99%. This indicates that CBU0.DE experiences smaller price fluctuations and is considered to be less risky than IS3F.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 | IS3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.99% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 4.57% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 6.42% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 7.67% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.90% | 8.21% | -2.31% |
CBU0.DE vs. IS3F.DE - Expense Ratio Comparison
Both CBU0.DE and IS3F.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CBU0.DE vs. IS3F.DE - Dividend Comparison
CBU0.DE has not paid dividends to shareholders, while IS3F.DE's dividend yield for the trailing twelve months is around 4.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.26% | 4.77% | 5.36% | 4.95% | 2.10% | 1.50% | 2.62% | 3.52% | 2.81% | 2.25% | 2.36% | 3.21% |
Frequently Asked Questions
CBU0.DE and IS3F.DE have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CBU0.DE and IS3F.DE have the same expense ratio: 0.25% per year.
CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged), while IS3F.DE tracks Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index.
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