CBUG.DE vs. VWCE.DE
CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - CBUG.DE tracks the MSCI ACWI SMID NR USD while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, CBUG.DE returned 13.75%/yr vs 17.85%/yr for VWCE.DE. Their correlation of 0.86 suggests significant overlap in exposure. CBUG.DE charges 0.10%/yr vs 0.19%/yr for VWCE.DE.
Performance
CBUG.DE vs. VWCE.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 VWCE.DE's 12.64% return.
CBUG.DE
- 1D
- 0.52%
- 1M
- 4.17%
- YTD
- 14.43%
- 6M
- 15.69%
- 1Y
- 28.51%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
CBUG.DE vs. VWCE.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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 2.91% |
Correlation
The correlation between CBUG.DE and VWCE.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.86 |
The correlation between CBUG.DE and VWCE.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
CBUG.DE vs. VWCE.DE — Risk / Return Rank
CBUG.DE
VWCE.DE
CBUG.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 4.01 | -0.08 |
| Martin ratioReturn relative to average drawdown | 14.66 | 16.55 | -1.89 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.31 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.79 | -0.37 |
Drawdowns
CBUG.DE vs. VWCE.DE - Drawdown Comparison
The maximum CBUG.DE drawdown since its inception was -24.59%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for CBUG.DE and VWCE.DE.
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Drawdown Indicators
| CBUG.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.59% | -33.43% | +8.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -6.55% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -21.07% | -3.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.07% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.66% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -4.69% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.59% | +0.35% |
Volatility
CBUG.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.06%. This indicates that CBUG.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.06% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 8.18% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 11.37% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 13.75% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 16.16% | +0.55% |
CBUG.DE vs. VWCE.DE - Expense Ratio Comparison
CBUG.DE has a 0.10% expense ratio, which is lower than VWCE.DE's 0.19% expense ratio. Despite the difference, 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. VWCE.DE - Dividend Comparison
Neither CBUG.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUG.DE and VWCE.DE have a correlation of 0.82, 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 0.19% for VWCE.DE.
CBUG.DE tracks MSCI ACWI SMID NR USD, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.10% for CBUG.DE and 0.19% for VWCE.DE.
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