CBUG.DE vs. SXR8.DE
CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - CBUG.DE is a Global Equities fund tracking the MSCI ACWI SMID NR USD, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, CBUG.DE returned 13.75%/yr vs 18.87%/yr for SXR8.DE. A 0.78 correlation means they provide meaningful diversification when combined. CBUG.DE charges 0.10%/yr vs 0.07%/yr for SXR8.DE.
Performance
CBUG.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUG.DE achieves a 14.43% return, which is significantly higher than SXR8.DE's 11.37% return.
CBUG.DE
- 1D
- 0.52%
- 1M
- 2.87%
- YTD
- 14.43%
- 6M
- 15.29%
- 1Y
- 28.47%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
CBUG.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 3.48% |
Correlation
The correlation between CBUG.DE and SXR8.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.78 |
The correlation between CBUG.DE and SXR8.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
CBUG.DE vs. SXR8.DE — Risk / Return Rank
CBUG.DE
SXR8.DE
CBUG.DE vs. SXR8.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 iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 3.58 | +0.36 |
| Martin ratioReturn relative to average drawdown | 14.66 | 12.71 | +1.95 |
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 | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.21 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.79 | -0.37 |
Drawdowns
CBUG.DE vs. SXR8.DE - Drawdown Comparison
The maximum CBUG.DE drawdown since its inception was -24.59%, smaller than the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for CBUG.DE and SXR8.DE.
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Drawdown Indicators
| CBUG.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.59% | -33.78% | +9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -7.13% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -23.32% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.45% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -5.17% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.01% | -0.07% |
Volatility
CBUG.DE vs. SXR8.DE - 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 Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.65%. This indicates that CBUG.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.DE 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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 2.65% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 7.57% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 11.56% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 15.16% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 16.09% | +0.62% |
CBUG.DE vs. SXR8.DE - Expense Ratio Comparison
CBUG.DE has a 0.10% expense ratio, which is higher than SXR8.DE'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. SXR8.DE - Dividend Comparison
Neither CBUG.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUG.DE and SXR8.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for CBUG.DE.
CBUG.DE is categorized as Global Equities, while SXR8.DE is S&P 500. CBUG.DE tracks MSCI ACWI SMID NR USD, while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.10% for CBUG.DE and 0.07% for SXR8.DE.
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