CBU0.DE vs. VUCE.DE
CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) and VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) are both Corporate Bonds funds - CBU0.DE tracks the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged) while VUCE.DE tracks the Bloomberg Global Aggregate Corporate USD. Both are passively managed. Over the past 3 years, CBU0.DE returned 3.94%/yr vs 2.60%/yr for VUCE.DE. At a 0.34 correlation, their price movements are largely independent. CBU0.DE charges 0.25%/yr vs 0.09%/yr for VUCE.DE.
Performance
CBU0.DE vs. VUCE.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 VUCE.DE's 1.67% return.
CBU0.DE
- 1D
- 0.17%
- 1M
- 1.62%
- YTD
- -0.89%
- 6M
- -0.90%
- 1Y
- 2.46%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
VUCE.DE
- 1D
- 0.13%
- 1M
- 1.13%
- YTD
- 1.67%
- 6M
- 0.98%
- 1Y
- 3.78%
- 3Y*
- 2.60%
- 5Y*
- 1.63%
- 10Y*
- —
CBU0.DE vs. VUCE.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% |
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 1.67% | -4.17% | 8.58% | 1.79% |
Correlation
The correlation between CBU0.DE and VUCE.DE is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.34 |
Over the past year, the correlation between CBU0.DE and VUCE.DE has dropped to 0.08 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
CBU0.DE vs. VUCE.DE — Risk / Return Rank
CBU0.DE
VUCE.DE
CBU0.DE vs. VUCE.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 Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.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 | VUCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.12 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.16 | -0.58 |
| Martin ratioReturn relative to average drawdown | 1.62 | 2.99 | -1.37 |
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 | VUCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.66 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.22 | +0.23 |
Drawdowns
CBU0.DE vs. VUCE.DE - Drawdown Comparison
The maximum CBU0.DE drawdown since its inception was -6.02%, smaller than the maximum VUCE.DE drawdown of -13.02%. Use the drawdown chart below to compare losses from any high point for CBU0.DE and VUCE.DE.
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Drawdown Indicators
| CBU0.DE | VUCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.02% | -13.02% | +7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -3.24% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -11.15% | +6.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.75% | — |
Current DrawdownCurrent decline from peak | -2.03% | -5.08% | +3.05% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -5.43% | +3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.26% | +0.26% |
Volatility
CBU0.DE vs. VUCE.DE - Volatility Comparison
iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a higher volatility of 2.00% compared to Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) at 0.91%. This indicates that CBU0.DE's price experiences larger fluctuations and is considered to be riskier than VUCE.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 | VUCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 0.91% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 3.98% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 5.71% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 8.02% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 8.36% | -2.55% |
CBU0.DE vs. VUCE.DE - Expense Ratio Comparison
CBU0.DE has a 0.25% expense ratio, which is higher than VUCE.DE's 0.09% 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. VUCE.DE - Dividend Comparison
Neither CBU0.DE nor VUCE.DE has paid dividends to shareholders.
Frequently Asked Questions
CBU0.DE and VUCE.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUCE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUCE.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for CBU0.DE.
CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged), while VUCE.DE tracks Bloomberg Global Aggregate Corporate USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for CBU0.DE and 0.09% for VUCE.DE.
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