CBUI.DE vs. JRGD.DE

Last updated Jun 5, 2026

CBUI.DE (iShares MSCI World Value Factor ESG UCITS ETF USD Acc) and JRGD.DE (JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) are both Global Equities funds - CBUI.DE tracks the MSCI World Value ESG Reduced Carbon Target Select while JRGD.DE tracks the JP Morgan Global Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 3 years, CBUI.DE returned 21.76%/yr vs 16.83%/yr for JRGD.DE. Their correlation of 0.88 suggests significant overlap in exposure. CBUI.DE charges 0.30%/yr vs 0.25%/yr for JRGD.DE.

Performance

CBUI.DE vs. JRGD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE) and JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRGD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBUI.DE achieves a 20.05% return, which is significantly higher than JRGD.DE's 10.32% return.

CBUI.DE

• 1D: 0.22%
• 1M: 8.37%
• YTD: 20.05%
• 6M: 22.81%
• 1Y: 44.12%
• 3Y*: 21.76%
• 5Y*: —
• 10Y*: —

JRGD.DE

• 1D: 0.00%
• 1M: 4.30%
• YTD: 10.32%
• 6M: 10.92%
• 1Y: 22.73%
• 3Y*: 16.83%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CBUI.DE vs. JRGD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CBUI.DE iShares MSCI World Value Factor ESG UCITS ETF USD Acc	20.05%	20.98%	13.82%	15.94%	-6.30%	6.27%
JRGD.DE JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	10.32%	6.67%	25.38%	21.25%	-13.07%	5.57%

Correlation

The correlation between CBUI.DE and JRGD.DE is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021	0.88

The correlation between CBUI.DE and JRGD.DE has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

Return for Risk

CBUI.DE vs. JRGD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBUI.DE

CBUI.DE Risk / Return Rank: 93
CBUI.DE Sharpe Ratio Rank: 93
CBUI.DE Sortino Ratio Rank: 94
CBUI.DE Omega Ratio Rank: 92
CBUI.DE Calmar Ratio Rank: 94
CBUI.DE Martin Ratio Rank: 94

JRGD.DE

JRGD.DE Risk / Return Rank: 70
JRGD.DE Sharpe Ratio Rank: 63
JRGD.DE Sortino Ratio Rank: 63
JRGD.DE Omega Ratio Rank: 67
JRGD.DE Calmar Ratio Rank: 75
JRGD.DE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBUI.DE vs. JRGD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE) and JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRGD.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.

	CBUI.DE	JRGD.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.41	2.07	+1.34
Sortino ratio: Return per unit of downside risk	4.73	2.90	+1.83
Omega ratio: Gain probability vs. loss probability	1.60	1.39	+0.21
Calmar ratio: Return relative to maximum drawdown	6.92	3.73	+3.19
Martin ratio: Return relative to average drawdown	26.41	15.47	+10.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBUI.DE vs. JRGD.DE - Sharpe Ratio Comparison

The current CBUI.DE Sharpe Ratio is 3.41, which is higher than the JRGD.DE Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of CBUI.DE and JRGD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CBUI.DE	JRGD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	2.07	+1.34
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.85	+0.20

Drawdowns

CBUI.DE vs. JRGD.DE - Drawdown Comparison

The maximum CBUI.DE drawdown since its inception was -19.48%, smaller than the maximum JRGD.DE drawdown of -21.56%. Use the drawdown chart below to compare losses from any high point for CBUI.DE and JRGD.DE.

Drawdown Indicators

	CBUI.DE	JRGD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.48%	-21.56%	+2.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.34%	-6.06%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	-19.48%	-21.56%	+2.08%
Current Drawdown Current decline from peak	-0.22%	-0.35%	+0.13%
Average Drawdown Average peak-to-trough decline	-3.23%	-4.26%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.47%	+0.20%

Volatility

CBUI.DE vs. JRGD.DE - Volatility Comparison

iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE) has a higher volatility of 3.73% compared to JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRGD.DE) at 2.43%. This indicates that CBUI.DE's price experiences larger fluctuations and is considered to be riskier than JRGD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBUI.DE	JRGD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	2.43%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	7.47%	+2.29%
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	10.91%	+1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	14.33%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.21%	14.33%	-0.12%

CBUI.DE vs. JRGD.DE - Expense Ratio Comparison

CBUI.DE has a 0.30% expense ratio, which is higher than JRGD.DE's 0.25% expense ratio.

Dividends

CBUI.DE vs. JRGD.DE - Dividend Comparison

CBUI.DE has not paid dividends to shareholders, while JRGD.DE's dividend yield for the trailing twelve months is around 0.89%.

Position	TTM	2025	2024	2023	2022
CBUI.DE iShares MSCI World Value Factor ESG UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%
JRGD.DE JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.89%	0.89%	0.91%	0.85%	1.44%

Frequently Asked Questions

Can I hold both CBUI.DE and JRGD.DE in my portfolio?

CBUI.DE and JRGD.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CBUI.DE or JRGD.DE?

On fees, JRGD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CBUI.DE or JRGD.DE?

JRGD.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for CBUI.DE.

What is the main difference between CBUI.DE and JRGD.DE?

CBUI.DE tracks MSCI World Value ESG Reduced Carbon Target Select, while JRGD.DE tracks JP Morgan Global Research Enhanced Index Equity (ESG). They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.30% for CBUI.DE and 0.25% for JRGD.DE.