CBUG.DE vs. SPP2.DE
CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) and SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) are both Global Equities funds - CBUG.DE tracks the MSCI ACWI SMID NR USD while SPP2.DE tracks the MSCI ACWI (USD Hedged). Both are passively managed. Over the past 3 years, CBUG.DE returned 13.75%/yr vs 18.34%/yr for SPP2.DE. Their correlation of 0.81 suggests significant overlap in exposure. CBUG.DE charges 0.10%/yr vs 0.45%/yr for SPP2.DE.
Performance
CBUG.DE vs. SPP2.DE - Performance Comparison
Loading charts...
Different Trading Currencies
CBUG.DE is traded in EUR, while SPP2.DE is traded in USD. To make them comparable, the SPP2.DE 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 SPP2.DE's 13.03% return.
CBUG.DE
- 1D
- 0.52%
- 1M
- 2.87%
- YTD
- 14.43%
- 6M
- 15.29%
- 1Y
- 28.47%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
SPP2.DE
- 1D
- -0.15%
- 1M
- 5.25%
- YTD
- 13.03%
- 6M
- 13.50%
- 1Y
- 27.58%
- 3Y*
- 18.34%
- 5Y*
- 13.66%
- 10Y*
- —
CBUG.DE vs. SPP2.DE - 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% |
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc | 13.04% | 7.39% | 27.67% | 19.17% | -11.61% | 2.74% |
Correlation
The correlation between CBUG.DE and SPP2.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.81 |
The correlation between CBUG.DE and SPP2.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBUG.DE vs. SPP2.DE — Risk / Return Rank
CBUG.DE
SPP2.DE
CBUG.DE vs. SPP2.DE - 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 SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.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.
| CBUG.DE | SPP2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 4.68 | -0.74 |
| Martin ratioReturn relative to average drawdown | 14.66 | 16.59 | -1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CBUG.DE | SPP2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.19 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.08 | -0.66 |
Drawdowns
CBUG.DE vs. SPP2.DE - Drawdown Comparison
The maximum CBUG.DE drawdown since its inception was -24.59%, which is greater than SPP2.DE's maximum drawdown of -21.23%. Use the drawdown chart below to compare losses from any high point for CBUG.DE and SPP2.DE.
Loading charts...
Drawdown Indicators
| CBUG.DE | SPP2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.59% | -21.23% | -3.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -5.87% | -1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -21.23% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.23% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.53% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -3.51% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.66% | +0.28% |
Volatility
CBUG.DE vs. SPP2.DE - Volatility Comparison
iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) and SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) have volatilities of 3.41% and 3.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBUG.DE | SPP2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.27% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 9.26% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 12.55% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 14.69% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 14.56% | +2.15% |
CBUG.DE vs. SPP2.DE - Expense Ratio Comparison
CBUG.DE has a 0.10% expense ratio, which is lower than SPP2.DE's 0.45% expense ratio.
Dividends
CBUG.DE vs. SPP2.DE - Dividend Comparison
Neither CBUG.DE nor SPP2.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUG.DE and SPP2.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUG.DE is cheaper with a 0.10% expense ratio, compared with 0.45% for SPP2.DE.
CBUG.DE tracks MSCI ACWI SMID NR USD, while SPP2.DE tracks MSCI ACWI (USD Hedged). They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for CBUG.DE and 0.45% for SPP2.DE.
Find the right allocation for CBUG.DE and SPP2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer