CBUG.DE vs. IBTG
CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) and IBTG (iShares iBonds Dec 2026 Term Treasury ETF) are both exchange-traded funds - CBUG.DE is a Global Equities fund tracking the MSCI ACWI SMID NR USD, while IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury Index. Both are passively managed. Over the past 3 years, CBUG.DE returned 13.75%/yr vs 1.30%/yr for IBTG. At a correlation of -0.05, they often move in opposite directions. CBUG.DE charges 0.10%/yr vs 0.07%/yr for IBTG.
Performance
CBUG.DE vs. IBTG - Performance Comparison
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Different Trading Currencies
CBUG.DE is traded in EUR, while IBTG is traded in USD. To make them comparable, the IBTG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBUG.DE achieves a 14.43% return, which is significantly higher than IBTG's 2.64% return.
CBUG.DE
- 1D
- 0.52%
- 1M
- 4.17%
- YTD
- 14.43%
- 6M
- 15.69%
- 1Y
- 28.51%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
IBTG
- 1D
- -0.10%
- 1M
- 0.99%
- YTD
- 2.64%
- 6M
- 2.08%
- 1Y
- 2.35%
- 3Y*
- 1.30%
- 5Y*
- 1.79%
- 10Y*
- —
CBUG.DE vs. IBTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 14.43% | 6.47% | 13.17% | 11.34% | -14.17% | 2.96% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 2.64% | -7.99% | 10.83% | 1.21% | -2.49% | -0.96% |
Correlation
The correlation between CBUG.DE and IBTG is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | -0.05 |
The correlation between CBUG.DE and IBTG shifts across timeframes, from -0.05 (all time) to 0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CBUG.DE vs. IBTG — Risk / Return Rank
CBUG.DE
IBTG
CBUG.DE vs. IBTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) and iShares iBonds Dec 2026 Term Treasury ETF (IBTG). 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.
| CBUG.DE | IBTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.07 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 0.62 | +3.32 |
| Martin ratioReturn relative to average drawdown | 14.66 | 1.46 | +13.20 |
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
| CBUG.DE | IBTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 0.38 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.02 | +0.40 |
Drawdowns
CBUG.DE vs. IBTG - Drawdown Comparison
The maximum CBUG.DE drawdown since its inception was -24.59%, which is greater than IBTG's maximum drawdown of -13.17%. Use the drawdown chart below to compare losses from any high point for CBUG.DE and IBTG.
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Drawdown Indicators
| CBUG.DE | IBTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.59% | -13.17% | -11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -3.82% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -11.20% | -13.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.66% | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.41% | +6.41% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -7.42% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.61% | +0.33% |
Volatility
CBUG.DE vs. IBTG - Volatility Comparison
iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a higher volatility of 3.41% compared to iShares iBonds Dec 2026 Term Treasury ETF (IBTG) at 1.22%. This indicates that CBUG.DE's price experiences larger fluctuations and is considered to be riskier than IBTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUG.DE | IBTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 1.22% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 4.31% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 6.20% | +7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 7.51% | +9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 7.54% | +9.17% |
CBUG.DE vs. IBTG - Expense Ratio Comparison
CBUG.DE has a 0.10% expense ratio, which is higher than IBTG's 0.07% 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
CBUG.DE vs. IBTG - Dividend Comparison
CBUG.DE has not paid dividends to shareholders, while IBTG's dividend yield for the trailing twelve months is around 3.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.96% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% |
Frequently Asked Questions
CBUG.DE and IBTG have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTG is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTG is cheaper with a 0.07% expense ratio, compared with 0.10% for CBUG.DE.
CBUG.DE is categorized as Global Equities, while IBTG is Government Bonds. CBUG.DE tracks MSCI ACWI SMID NR USD, while IBTG tracks ICE 2026 Maturity US Treasury Index. Their fees differ too: 0.10% for CBUG.DE and 0.07% for IBTG.
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