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CBUC.DE vs. UBUT.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CBUC.DE vs. UBUT.DE

Last updated Jul 4, 2026
See Documentation

CBUC.DE (iShares MSCI USA CTB Enhanced ESG UCITS ETF EUR Hedged (Acc)) and UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds - CBUC.DE tracks the MSCI USA ESG Enhanced Focus CTB Index (EUR Hedged) while UBUT.DE tracks the MSCI USA Quality. Both are passively managed. Over the past 5 years, CBUC.DE returned 8.29%/yr vs 13.47%/yr for UBUT.DE. A 0.78 correlation means they provide meaningful diversification when combined.

Performance

CBUC.DE vs. UBUT.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI USA CTB Enhanced ESG UCITS ETF EUR Hedged (Acc) (CBUC.DE) and UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CBUC.DE achieves a 6.79% return, which is significantly lower than UBUT.DE's 13.97% return.

CBUC.DE

1D
-0.26%
1M
-1.31%
6M
7.70%
YTD
6.79%
1Y
15.98%
3Y*
16.38%
5Y*
8.29%
10Y*
—

UBUT.DE

1D
0.26%
1M
3.01%
6M
15.07%
YTD
13.97%
1Y
28.43%
3Y*
18.62%
5Y*
13.47%
10Y*
16.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CBUC.DE vs. UBUT.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
CBUC.DE
iShares MSCI USA CTB Enhanced ESG UCITS ETF EUR Hedged (Acc)		6.79%13.30%21.88%22.78%-24.86%10.56%
UBUT.DE
UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis		13.97%4.94%28.23%31.58%-19.43%18.91%

Correlation

The correlation between CBUC.DE and UBUT.DE is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Jun 28, 2021

0.78

Over the past year, the correlation between CBUC.DE and UBUT.DE has dropped to 0.57 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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iShares MSCI USA CTB Enhanced ESG UCITS ETF EUR Hedged (Acc)

UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis

Often compared with UBUT.DE:
UBUT.DE vs. QDVB.DEUBUT.DE vs. QDVA.DEUBUT.DE vs. SPYUBUT.DE vs. XDWD.DEUBUT.DE vs. VOOUBUT.DE vs. VWRP.LUBUT.DE vs. SXR8.DE

Return for Risk

CBUC.DE vs. UBUT.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CBUC.DE
CBUC.DE Risk / Return Rank: 3939
Overall Rank
CBUC.DE Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
CBUC.DE Sortino Ratio Rank: 3737
Sortino Ratio Rank
CBUC.DE Omega Ratio Rank: 3939
Omega Ratio Rank
CBUC.DE Calmar Ratio Rank: 3737
Calmar Ratio Rank
CBUC.DE Martin Ratio Rank: 4545
Martin Ratio Rank
UBUT.DE
UBUT.DE Risk / Return Rank: 7777
Overall Rank
UBUT.DE Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
UBUT.DE Sortino Ratio Rank: 8181
Sortino Ratio Rank
UBUT.DE Omega Ratio Rank: 7878
Omega Ratio Rank
UBUT.DE Calmar Ratio Rank: 7474
Calmar Ratio Rank
UBUT.DE Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBUC.DE vs. UBUT.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA CTB Enhanced ESG UCITS ETF EUR Hedged (Acc) (CBUC.DE) and UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.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.

CBUC.DEUBUT.DEDifference
Sharpe ratioReturn per unit of total volatility
1.18
2.10

-0.93

Sortino ratioReturn per unit of downside risk
1.68
2.96

-1.27

Omega ratioGain probability vs. loss probability

1.22

1.38

-0.15

Calmar ratioReturn relative to maximum drawdown

1.60

3.08

-1.48

Martin ratioReturn relative to average drawdown

6.23

10.93

-4.71

CBUC.DE vs. UBUT.DE - Sharpe Ratio Comparison

The current CBUC.DE Sharpe Ratio is 1.18, which is lower than the UBUT.DE Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of CBUC.DE and UBUT.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CBUC.DE vs. UBUT.DE - Drawdown Comparison

The maximum CBUC.DE drawdown since its inception was -29.01%, roughly equal to the maximum UBUT.DE drawdown of -30.49%. Use the drawdown chart below to compare losses from any high point for CBUC.DE and UBUT.DE.

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Drawdown Indicators

CBUC.DEUBUT.DEDifference

Max Drawdown

Largest peak-to-trough decline

-29.01%

-30.49%

+1.48%

Max Drawdown (1Y)

Largest decline over 1 year

-9.97%

-9.20%

-0.77%

Max Drawdown (3Y)

Largest decline over 3 years

-19.41%

-24.78%

+5.37%

Max Drawdown (5Y)

Largest decline over 5 years

-29.01%

-24.78%

-4.23%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.49%

—

Current Drawdown

Current decline from peak

-1.31%

-0.74%

-0.57%

Average Drawdown

Average peak-to-trough decline

-8.38%

-4.98%

-3.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

2.59%

-0.03%

Volatility

CBUC.DE vs. UBUT.DE - Volatility Comparison

iShares MSCI USA CTB Enhanced ESG UCITS ETF EUR Hedged (Acc) (CBUC.DE) has a higher volatility of 4.78% compared to UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) at 3.70%. This indicates that CBUC.DE's price experiences larger fluctuations and is considered to be riskier than UBUT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CBUC.DEUBUT.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.78%

3.70%

+1.08%

Volatility (6M)

Calculated over the trailing 6-month period

10.85%

9.40%

+1.45%

Volatility (1Y)

Calculated over the trailing 1-year period

13.55%

13.50%

+0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.93%

16.83%

+0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.90%

17.02%

-0.12%

Dividends

CBUC.DE vs. UBUT.DE - Dividend Comparison

CBUC.DE has not paid dividends to shareholders, while UBUT.DE's dividend yield for the trailing twelve months is around 0.40%.

PositionTTM2025202420232022202120202019201820172016
CBUC.DE
iShares MSCI USA CTB Enhanced ESG 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%
UBUT.DE
UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis		0.40%0.47%0.65%0.84%0.84%0.74%1.00%0.74%1.28%0.95%1.06%

Frequently Asked Questions

CBUC.DE and UBUT.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CBUC.DE tracks MSCI USA ESG Enhanced Focus CTB Index (EUR Hedged), while UBUT.DE tracks MSCI USA Quality. They also come from different issuers: iShares and UBS.

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