CBUH.DE vs. EUNL.DE
CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CBUH.DE is a Momentum fund tracking the MSCI World Momentum ESG Reduced Carbon Target Select, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 3 years, CBUH.DE returned 22.30%/yr vs 17.55%/yr for EUNL.DE. Their correlation of 0.90 suggests significant overlap in exposure. CBUH.DE charges 0.30%/yr vs 0.20%/yr for EUNL.DE.
Performance
CBUH.DE vs. EUNL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CBUH.DE achieves a 22.41% return, which is significantly higher than EUNL.DE's 10.86% return.
CBUH.DE
- 1D
- -0.51%
- 1M
- 4.74%
- YTD
- 22.41%
- 6M
- 23.42%
- 1Y
- 31.87%
- 3Y*
- 22.30%
- 5Y*
- —
- 10Y*
- —
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
CBUH.DE vs. EUNL.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% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 4.67% |
Correlation
The correlation between CBUH.DE and EUNL.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.90 |
The correlation between CBUH.DE and EUNL.DE has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBUH.DE vs. EUNL.DE — Risk / Return Rank
CBUH.DE
EUNL.DE
CBUH.DE vs. EUNL.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 iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.64 | -0.26 |
| Martin ratioReturn relative to average drawdown | 13.99 | 14.52 | -0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CBUH.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.12 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.82 | -0.18 |
Drawdowns
CBUH.DE vs. EUNL.DE - Drawdown Comparison
The maximum CBUH.DE drawdown since its inception was -22.61%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for CBUH.DE and EUNL.DE.
Loading charts...
Drawdown Indicators
| CBUH.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.61% | -33.63% | +11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -6.50% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -21.73% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.31% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -4.25% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.64% | +0.63% |
Volatility
CBUH.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) has a higher volatility of 4.80% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that CBUH.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBUH.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 2.62% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 7.72% | +5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 11.16% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 14.17% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 15.17% | +1.74% |
CBUH.DE vs. EUNL.DE - Expense Ratio Comparison
CBUH.DE has a 0.30% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
CBUH.DE vs. EUNL.DE - Dividend Comparison
Neither CBUH.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUH.DE and EUNL.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for CBUH.DE.
CBUH.DE is categorized as Momentum, while EUNL.DE is Global Equities. CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.30% for CBUH.DE and 0.20% for EUNL.DE.
Find the right allocation for CBUH.DE and EUNL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer