CBUH.DE vs. XDEM.L
CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) and XDEM.L (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both Momentum funds - CBUH.DE tracks the MSCI World Momentum ESG Reduced Carbon Target Select while XDEM.L tracks the MSCI World Momentum Index. Both are passively managed. Over the past 3 years, CBUH.DE returned 22.30%/yr vs 26.12%/yr for XDEM.L. Their correlation of 0.90 suggests significant overlap in exposure. CBUH.DE charges 0.30%/yr vs 0.25%/yr for XDEM.L.
Performance
CBUH.DE vs. XDEM.L - Performance Comparison
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Different Trading Currencies
CBUH.DE is traded in EUR, while XDEM.L is traded in GBp. To make them comparable, the XDEM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CBUH.DE having a 22.41% return and XDEM.L slightly higher at 23.47%.
CBUH.DE
- 1D
- -0.51%
- 1M
- 4.74%
- YTD
- 22.41%
- 6M
- 23.42%
- 1Y
- 31.87%
- 3Y*
- 22.30%
- 5Y*
- —
- 10Y*
- —
XDEM.L
- 1D
- -0.74%
- 1M
- 8.89%
- YTD
- 23.47%
- 6M
- 24.04%
- 1Y
- 31.74%
- 3Y*
- 26.12%
- 5Y*
- 14.78%
- 10Y*
- 15.67%
CBUH.DE vs. XDEM.L - 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% |
XDEM.L Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 23.47% | 6.65% | 39.28% | 8.13% | -12.80% | 0.32% |
Correlation
The correlation between CBUH.DE and XDEM.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.90 |
The correlation between CBUH.DE and XDEM.L has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
CBUH.DE vs. XDEM.L — Risk / Return Rank
CBUH.DE
XDEM.L
CBUH.DE vs. XDEM.L - 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 World Momentum Factor UCITS ETF 1C (XDEM.L). 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 | XDEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.45 | -0.08 |
| Martin ratioReturn relative to average drawdown | 13.99 | 13.45 | +0.54 |
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 | XDEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.88 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.86 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.87 | -0.23 |
Drawdowns
CBUH.DE vs. XDEM.L - Drawdown Comparison
The maximum CBUH.DE drawdown since its inception was -22.61%, smaller than the maximum XDEM.L drawdown of -30.16%. Use the drawdown chart below to compare losses from any high point for CBUH.DE and XDEM.L.
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Drawdown Indicators
| CBUH.DE | XDEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.61% | -30.16% | +7.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -9.15% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -22.76% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.16% | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.74% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -5.93% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.35% | -0.08% |
Volatility
CBUH.DE vs. XDEM.L - Volatility Comparison
The current volatility for iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) is 4.80%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) has a volatility of 5.77%. This indicates that CBUH.DE experiences smaller price fluctuations and is considered to be less risky than XDEM.L 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 | XDEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 5.77% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 14.16% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 16.78% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 17.18% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 17.30% | -0.39% |
CBUH.DE vs. XDEM.L - Expense Ratio Comparison
CBUH.DE has a 0.30% expense ratio, which is higher than XDEM.L's 0.25% expense ratio.
Dividends
CBUH.DE vs. XDEM.L - Dividend Comparison
Neither CBUH.DE nor XDEM.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, CBUH.DE and XDEM.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XDEM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEM.L is cheaper with a 0.25% expense ratio, compared with 0.30% for CBUH.DE.
CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select, while XDEM.L tracks MSCI World Momentum Index. They also come from different issuers: iShares and DWS. Their fees differ too: 0.30% for CBUH.DE and 0.25% for XDEM.L.
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