CBUG.DE vs. XWEQ.DE
CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) and XWEQ.DE (Xtrackers MSCI World Quality ESG UCITS ETF 1C) are both Global Equities funds - CBUG.DE tracks the MSCI ACWI SMID NR USD while XWEQ.DE tracks the MSCI World Quality Low Carbon SRI Screened Select. Both are passively managed. Over the past year, CBUG.DE returned 28.51% vs 23.74% for XWEQ.DE. A 0.73 correlation means they provide meaningful diversification when combined. CBUG.DE charges 0.10%/yr vs 0.25%/yr for XWEQ.DE.
Performance
CBUG.DE vs. XWEQ.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 XWEQ.DE's 9.71% return.
CBUG.DE
- 1D
- 0.52%
- 1M
- 4.17%
- YTD
- 14.43%
- 6M
- 15.69%
- 1Y
- 28.51%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
XWEQ.DE
- 1D
- 0.77%
- 1M
- 4.22%
- YTD
- 9.71%
- 6M
- 11.49%
- 1Y
- 23.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBUG.DE vs. XWEQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 14.43% | 6.47% | 13.17% | 5.56% |
XWEQ.DE Xtrackers MSCI World Quality ESG UCITS ETF 1C | 9.71% | 4.46% | 25.97% | 0.47% |
Correlation
The correlation between CBUG.DE and XWEQ.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 (All Time) Calculated using the full available price history since Jul 6, 2023 | 0.73 |
The correlation between CBUG.DE and XWEQ.DE has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
CBUG.DE vs. XWEQ.DE — Risk / Return Rank
CBUG.DE
XWEQ.DE
CBUG.DE vs. XWEQ.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 Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.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 | XWEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 3.27 | +0.67 |
| Martin ratioReturn relative to average drawdown | 14.66 | 12.77 | +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 | XWEQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.02 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.89 | -0.47 |
Drawdowns
CBUG.DE vs. XWEQ.DE - Drawdown Comparison
The maximum CBUG.DE drawdown since its inception was -24.59%, which is greater than XWEQ.DE's maximum drawdown of -22.80%. Use the drawdown chart below to compare losses from any high point for CBUG.DE and XWEQ.DE.
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Drawdown Indicators
| CBUG.DE | XWEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.59% | -22.80% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -7.24% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.73% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -4.52% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.86% | +0.08% |
Volatility
CBUG.DE vs. XWEQ.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 Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.DE) at 2.76%. This indicates that CBUG.DE's price experiences larger fluctuations and is considered to be riskier than XWEQ.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 | XWEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 2.76% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 8.36% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 11.73% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 15.18% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 15.18% | +1.53% |
CBUG.DE vs. XWEQ.DE - Expense Ratio Comparison
CBUG.DE has a 0.10% expense ratio, which is lower than XWEQ.DE's 0.25% 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. XWEQ.DE - Dividend Comparison
Neither CBUG.DE nor XWEQ.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUG.DE and XWEQ.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 0.25% for XWEQ.DE.
CBUG.DE tracks MSCI ACWI SMID NR USD, while XWEQ.DE tracks MSCI World Quality Low Carbon SRI Screened Select. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for CBUG.DE and 0.25% for XWEQ.DE.
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