CBUH.DE vs. DBX4.DE
CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) and DBX4.DE (Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF) are both exchange-traded funds - CBUH.DE is a Momentum fund tracking the MSCI World Momentum ESG Reduced Carbon Target Select, while DBX4.DE is a ESG fund tracking the MSCI EM EMEA Low Carbon SRI Selection Capped Index. Both are passively managed. Over the past 3 years, CBUH.DE returned 22.30%/yr vs 18.40%/yr for DBX4.DE. A 0.50 correlation means they provide meaningful diversification when combined. CBUH.DE charges 0.30%/yr vs 0.65%/yr for DBX4.DE.
Performance
CBUH.DE vs. DBX4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUH.DE achieves a 22.41% return, which is significantly higher than DBX4.DE's 2.42% return.
CBUH.DE
- 1D
- -0.51%
- 1M
- 4.74%
- YTD
- 22.41%
- 6M
- 23.42%
- 1Y
- 31.87%
- 3Y*
- 22.30%
- 5Y*
- —
- 10Y*
- —
DBX4.DE
- 1D
- -0.48%
- 1M
- 1.15%
- YTD
- 2.42%
- 6M
- 8.92%
- 1Y
- 22.78%
- 3Y*
- 18.40%
- 5Y*
- 8.89%
- 10Y*
- 6.92%
CBUH.DE vs. DBX4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 22.41% | 7.97% | 28.91% | 13.46% | -17.00% | 0.41% |
DBX4.DE Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF | 2.42% | 26.97% | 16.81% | 0.20% | 1.24% | -0.41% |
Correlation
The correlation between CBUH.DE and DBX4.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.50 |
The correlation between CBUH.DE and DBX4.DE has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
CBUH.DE vs. DBX4.DE — Risk / Return Rank
CBUH.DE
DBX4.DE
CBUH.DE vs. DBX4.DE - 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 Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF (DBX4.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.
| CBUH.DE | DBX4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 1.54 | +1.84 |
| Martin ratioReturn relative to average drawdown | 13.99 | 4.76 | +9.23 |
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
| CBUH.DE | DBX4.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.13 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.11 | +0.53 |
Drawdowns
CBUH.DE vs. DBX4.DE - Drawdown Comparison
The maximum CBUH.DE drawdown since its inception was -22.61%, smaller than the maximum DBX4.DE drawdown of -60.48%. Use the drawdown chart below to compare losses from any high point for CBUH.DE and DBX4.DE.
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Drawdown Indicators
| CBUH.DE | DBX4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.61% | -60.48% | +37.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -14.73% | +5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -16.82% | -5.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.52% | — |
Current DrawdownCurrent decline from peak | -0.51% | -7.60% | +7.09% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -16.01% | +7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 4.77% | -2.50% |
Volatility
CBUH.DE vs. DBX4.DE - Volatility Comparison
The current volatility for iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) is 4.80%, while Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF (DBX4.DE) has a volatility of 5.72%. This indicates that CBUH.DE experiences smaller price fluctuations and is considered to be less risky than DBX4.DE 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 | DBX4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 5.72% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 17.36% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 20.09% | -4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 17.15% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 20.86% | -3.95% |
CBUH.DE vs. DBX4.DE - Expense Ratio Comparison
CBUH.DE has a 0.30% expense ratio, which is lower than DBX4.DE's 0.65% expense ratio.
Dividends
CBUH.DE vs. DBX4.DE - Dividend Comparison
Neither CBUH.DE nor DBX4.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUH.DE and DBX4.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUH.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for DBX4.DE.
CBUH.DE is categorized as Momentum, while DBX4.DE is ESG. CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select, while DBX4.DE tracks MSCI EM EMEA Low Carbon SRI Selection Capped Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.30% for CBUH.DE and 0.65% for DBX4.DE.
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