CBUH.DE vs. ^GSPC
CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) is Momentum fund tracking the MSCI World Momentum ESG Reduced Carbon Target Select, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, CBUH.DE returned 23.58%/yr vs 17.50%/yr for ^GSPC. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
CBUH.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
CBUH.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBUH.DE achieves a 25.61% return, which is significantly higher than ^GSPC's 11.12% return.
CBUH.DE
- 1D
- -1.64%
- 1M
- 3.30%
- YTD
- 25.61%
- 6M
- 25.83%
- 1Y
- 37.86%
- 3Y*
- 23.58%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -0.99%
- 1M
- 0.52%
- YTD
- 11.12%
- 6M
- 10.53%
- 1Y
- 24.44%
- 3Y*
- 17.50%
- 5Y*
- 12.61%
- 10Y*
- 13.45%
CBUH.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 25.61% | 7.89% | 28.81% | 13.46% | -16.89% | 1.62% |
^GSPC S&P 500 Index | 11.12% | 2.58% | 31.45% | 20.51% | -14.45% | 6.57% |
Correlation
The correlation between CBUH.DE and ^GSPC is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.52 |
The correlation between CBUH.DE and ^GSPC has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
CBUH.DE vs. ^GSPC — Risk / Return Rank
CBUH.DE
^GSPC
CBUH.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBUH.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 3.24 | +0.72 |
| Martin ratioReturn relative to average drawdown | 16.42 | 12.01 | +4.40 |
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Drawdowns
CBUH.DE vs. ^GSPC - Drawdown Comparison
The maximum CBUH.DE drawdown since its inception was -22.65%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for CBUH.DE and ^GSPC.
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Drawdown Indicators
| CBUH.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -51.62% | +28.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -7.57% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -22.65% | -23.99% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -1.64% | -1.04% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -9.08% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.04% | +0.26% |
Volatility
CBUH.DE vs. ^GSPC - Volatility Comparison
iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) has a higher volatility of 4.90% compared to S&P 500 Index (^GSPC) at 4.00%. This indicates that CBUH.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUH.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.00% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.82% | 9.20% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 12.62% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 16.86% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 18.62% | -1.58% |
Frequently Asked Questions
CBUH.DE and ^GSPC have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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