CBUK.DE vs. FWRG.L
CBUK.DE (iShares MSCI China Tech UCITS ETF USD Acc) and FWRG.L (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - CBUK.DE is a Technology Equities fund tracking the MSCI China Technology Sub-Industries ESG Screened Select Capped, while FWRG.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, CBUK.DE returned 21.11% vs 27.73% for FWRG.L. At a 0.27 correlation, their price movements are largely independent. CBUK.DE charges 0.45%/yr vs 0.15%/yr for FWRG.L.
Performance
CBUK.DE vs. FWRG.L - Performance Comparison
Loading charts...
Different Trading Currencies
CBUK.DE is traded in EUR, while FWRG.L is traded in USD. To make them comparable, the FWRG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBUK.DE achieves a 2.62% return, which is significantly lower than FWRG.L's 12.34% return.
CBUK.DE
- 1D
- -0.11%
- 1M
- -1.19%
- YTD
- 2.62%
- 6M
- 2.62%
- 1Y
- 21.11%
- 3Y*
- 13.37%
- 5Y*
- —
- 10Y*
- —
FWRG.L
- 1D
- 1.87%
- 1M
- 3.01%
- YTD
- 12.34%
- 6M
- 12.94%
- 1Y
- 27.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBUK.DE vs. FWRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUK.DE iShares MSCI China Tech UCITS ETF USD Acc | 2.62% | 21.05% | 18.05% | 0.38% |
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 12.34% | 0.33% | 28.03% | 8,428.76% |
Correlation
The correlation between CBUK.DE and FWRG.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.27 |
The correlation between CBUK.DE and FWRG.L shifts across timeframes, from 0.27 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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
CBUK.DE vs. FWRG.L — Risk / Return Rank
CBUK.DE
FWRG.L
CBUK.DE vs. FWRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) and Invesco FTSE All-World UCITS ETF Acc (FWRG.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.
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.
| CBUK.DE | FWRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.39 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 4.78 | -3.86 |
| Martin ratioReturn relative to average drawdown | 1.88 | 12.74 | -10.86 |
Loading charts...
Drawdowns
CBUK.DE vs. FWRG.L - Drawdown Comparison
The maximum CBUK.DE drawdown since its inception was -37.29%, which is greater than FWRG.L's maximum drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for CBUK.DE and FWRG.L.
Loading charts...
Drawdown Indicators
| CBUK.DE | FWRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.29% | -24.31% | -12.98% |
Max Drawdown (1Y)Largest decline over 1 year | -23.99% | -5.77% | -18.22% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | — | — |
Current DrawdownCurrent decline from peak | -11.37% | -1.04% | -10.33% |
Average DrawdownAverage peak-to-trough decline | -16.26% | -4.95% | -11.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.77% | 2.17% | +9.60% |
Volatility
CBUK.DE vs. FWRG.L - Volatility Comparison
iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) has a higher volatility of 8.51% compared to Invesco FTSE All-World UCITS ETF Acc (FWRG.L) at 3.63%. This indicates that CBUK.DE's price experiences larger fluctuations and is considered to be riskier than FWRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBUK.DE | FWRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 3.63% | +4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 8.93% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 12.67% | +10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.50% | 4,494.35% | -4,462.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.50% | 4,494.35% | -4,462.85% |
CBUK.DE vs. FWRG.L - Expense Ratio Comparison
CBUK.DE has a 0.45% expense ratio, which is higher than FWRG.L's 0.15% expense ratio.
Dividends
CBUK.DE vs. FWRG.L - Dividend Comparison
Neither CBUK.DE nor FWRG.L has paid dividends to shareholders.
Frequently Asked Questions
CBUK.DE and FWRG.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWRG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWRG.L is cheaper with a 0.15% expense ratio, compared with 0.45% for CBUK.DE.
CBUK.DE is categorized as Technology Equities, while FWRG.L is Global Equities. CBUK.DE tracks MSCI China Technology Sub-Industries ESG Screened Select Capped, while FWRG.L tracks FTSE All-World Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.45% for CBUK.DE and 0.15% for FWRG.L.
Find the right allocation for CBUK.DE and FWRG.L
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