CBUK.DE vs. SPY4.DE
CBUK.DE (iShares MSCI China Tech UCITS ETF USD Acc) and SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) are both exchange-traded funds - CBUK.DE is a Technology Equities fund tracking the MSCI China Technology Sub-Industries ESG Screened Select Capped, while SPY4.DE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400. Both are passively managed. Over the past 3 years, CBUK.DE returned 12.31%/yr vs 13.76%/yr for SPY4.DE. At a 0.28 correlation, their price movements are largely independent. CBUK.DE charges 0.45%/yr vs 0.30%/yr for SPY4.DE.
Performance
CBUK.DE vs. SPY4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUK.DE achieves a 0.40% return, which is significantly lower than SPY4.DE's 17.82% return.
CBUK.DE
- 1D
- 0.00%
- 1M
- 0.14%
- YTD
- 0.40%
- 6M
- 1.88%
- 1Y
- 16.62%
- 3Y*
- 12.31%
- 5Y*
- —
- 10Y*
- —
SPY4.DE
- 1D
- -0.46%
- 1M
- 4.83%
- YTD
- 17.82%
- 6M
- 17.81%
- 1Y
- 27.10%
- 3Y*
- 13.76%
- 5Y*
- 9.07%
- 10Y*
- 11.05%
CBUK.DE vs. SPY4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUK.DE iShares MSCI China Tech UCITS ETF USD Acc | 0.40% | 21.05% | 18.05% | -9.04% | -2.05% |
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF | 17.82% | -3.63% | 18.67% | 13.23% | -3.90% |
Correlation
The correlation between CBUK.DE and SPY4.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.28 |
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Return for Risk
CBUK.DE vs. SPY4.DE — Risk / Return Rank
CBUK.DE
SPY4.DE
CBUK.DE vs. SPY4.DE - 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 SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.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.
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 | SPY4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.34 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 4.60 | -3.91 |
| Martin ratioReturn relative to average drawdown | 1.36 | 14.13 | -12.77 |
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Drawdowns
CBUK.DE vs. SPY4.DE - Drawdown Comparison
The maximum CBUK.DE drawdown since its inception was -37.29%, smaller than the maximum SPY4.DE drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for CBUK.DE and SPY4.DE.
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Drawdown Indicators
| CBUK.DE | SPY4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.29% | -42.71% | +5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -23.99% | -6.07% | -17.92% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -29.11% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.71% | — |
Current DrawdownCurrent decline from peak | -13.29% | -0.46% | -12.83% |
Average DrawdownAverage peak-to-trough decline | -16.23% | -5.84% | -10.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 1.98% | +10.22% |
Volatility
CBUK.DE vs. SPY4.DE - Volatility Comparison
iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) has a higher volatility of 7.62% compared to SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) at 2.60%. This indicates that CBUK.DE's price experiences larger fluctuations and is considered to be riskier than SPY4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUK.DE | SPY4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 2.60% | +5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 17.29% | 10.01% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 14.58% | +9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.46% | 18.35% | +13.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.46% | 19.47% | +11.99% |
CBUK.DE vs. SPY4.DE - Expense Ratio Comparison
CBUK.DE has a 0.45% expense ratio, which is higher than SPY4.DE's 0.30% expense ratio.
Dividends
CBUK.DE vs. SPY4.DE - Dividend Comparison
Neither CBUK.DE nor SPY4.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUK.DE and SPY4.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY4.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY4.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for CBUK.DE.
CBUK.DE is categorized as Technology Equities, while SPY4.DE is Mid Cap Blend Equities. CBUK.DE tracks MSCI China Technology Sub-Industries ESG Screened Select Capped, while SPY4.DE tracks S&P MidCap 400. They also come from different issuers: iShares and State Street. Their fees differ too: 0.45% for CBUK.DE and 0.30% for SPY4.DE.
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