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CBUD.DE vs. 18M2.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CBUD.DE vs. 18M2.DE

Last updated Jul 4, 2026
See Documentation

CBUD.DE (iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - CBUD.DE tracks the MSCI Europe SRI Select Reduced Fossil Fuel Index (EUR Hedged) while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 3 years, CBUD.DE returned 8.36%/yr vs 13.05%/yr for 18M2.DE. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

CBUD.DE vs. 18M2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) (CBUD.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with CBUD.DE having a 11.29% return and 18M2.DE slightly higher at 11.42%.

CBUD.DE

1D
0.52%
1M
5.63%
6M
11.08%
YTD
11.29%
1Y
12.78%
3Y*
8.36%
5Y*
—
10Y*
—

18M2.DE

1D
0.38%
1M
4.70%
6M
10.56%
YTD
11.42%
1Y
21.56%
3Y*
13.05%
5Y*
9.79%
10Y*
9.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CBUD.DE vs. 18M2.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
CBUD.DE
iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)		11.29%4.27%4.94%14.94%-14.16%6.58%
18M2.DE
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR		11.42%21.49%3.36%16.14%-6.47%4.22%

Correlation

The correlation between CBUD.DE and 18M2.DE is 0.66, 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

0.66

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

0.70

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

0.54

The correlation between CBUD.DE and 18M2.DE shifts across timeframes, from 0.54 (all time) to 0.70 (3 years), reflecting how their relationship changes across market environments.

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iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)

Amundi ETF MSCI EMU High Dividend UCITS ETF EUR

Often compared with 18M2.DE:
18M2.DE vs. DGCFX18M2.DE vs. 2B76.DE18M2.DE vs. XAIX.DE18M2.DE vs. HDV18M2.DE vs. VOO18M2.DE vs. IMAE.AS18M2.DE vs. FEUI.L

Return for Risk

CBUD.DE vs. 18M2.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CBUD.DE
CBUD.DE Risk / Return Rank: 3030
Overall Rank
CBUD.DE Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
CBUD.DE Sortino Ratio Rank: 2929
Sortino Ratio Rank
CBUD.DE Omega Ratio Rank: 2929
Omega Ratio Rank
CBUD.DE Calmar Ratio Rank: 2929
Calmar Ratio Rank
CBUD.DE Martin Ratio Rank: 3232
Martin Ratio Rank
18M2.DE
18M2.DE Risk / Return Rank: 7474
Overall Rank
18M2.DE Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
18M2.DE Sortino Ratio Rank: 7373
Sortino Ratio Rank
18M2.DE Omega Ratio Rank: 7777
Omega Ratio Rank
18M2.DE Calmar Ratio Rank: 8080
Calmar Ratio Rank
18M2.DE Martin Ratio Rank: 6363
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.

CBUD.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) (CBUD.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.

CBUD.DE18M2.DEDifference
Sharpe ratioReturn per unit of total volatility
0.96
1.98

-1.02

Sortino ratioReturn per unit of downside risk
1.42
2.69

-1.27

Omega ratioGain probability vs. loss probability

1.18

1.37

-0.19

Calmar ratioReturn relative to maximum drawdown

1.29

3.47

-2.17

Martin ratioReturn relative to average drawdown

4.13

9.28

-5.15

CBUD.DE vs. 18M2.DE - Sharpe Ratio Comparison

The current CBUD.DE Sharpe Ratio is 0.96, which is lower than the 18M2.DE Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of CBUD.DE and 18M2.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

CBUD.DE vs. 18M2.DE - Drawdown Comparison

The maximum CBUD.DE drawdown since its inception was -23.10%, smaller than the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for CBUD.DE and 18M2.DE.

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Drawdown Indicators

CBUD.DE18M2.DEDifference

Max Drawdown

Largest peak-to-trough decline

-23.10%

-37.06%

+13.96%

Max Drawdown (1Y)

Largest decline over 1 year

-9.85%

-6.19%

-3.66%

Max Drawdown (3Y)

Largest decline over 3 years

-15.94%

-14.68%

-1.26%

Max Drawdown (5Y)

Largest decline over 5 years

—

-20.81%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.06%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.94%

-6.40%

+0.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

2.32%

+0.77%

Volatility

CBUD.DE vs. 18M2.DE - Volatility Comparison

iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) (CBUD.DE) has a higher volatility of 2.86% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.67%. This indicates that CBUD.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CBUD.DE18M2.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.86%

2.67%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

10.91%

8.63%

+2.28%

Volatility (1Y)

Calculated over the trailing 1-year period

13.30%

10.85%

+2.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.43%

13.43%

+1.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.43%

15.10%

-0.67%

Dividends

CBUD.DE vs. 18M2.DE - Dividend Comparison

CBUD.DE's dividend yield for the trailing twelve months is around 1.91%, while 18M2.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021
18M2.DE
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR		0.00%0.00%0.00%0.00%0.00%0.00%
CBUD.DE
iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)		1.91%2.09%2.43%2.45%2.57%0.38%

Frequently Asked Questions

CBUD.DE and 18M2.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CBUD.DE tracks MSCI Europe SRI Select Reduced Fossil Fuel Index (EUR Hedged), while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: iShares and Amundi.

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