CBUM.DE vs. SPYL.DE
CBUM.DE (iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both S&P 500 funds - CBUM.DE tracks the S&P 500 Scored & Screened Index (EUR Hedged) while SPYL.DE tracks the S&P 500 Index. Both are passively managed. Over the past year, CBUM.DE returned 20.50% vs 23.84% for SPYL.DE. A 0.76 correlation means they provide meaningful diversification when combined. CBUM.DE charges 0.10%/yr vs 0.03%/yr for SPYL.DE.
Performance
CBUM.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUM.DE achieves a 8.15% return, which is significantly lower than SPYL.DE's 11.99% return.
CBUM.DE
- 1D
- 0.34%
- 1M
- 0.11%
- 6M
- 8.82%
- YTD
- 8.15%
- 1Y
- 20.50%
- 3Y*
- 17.72%
- 5Y*
- —
- 10Y*
- —
SPYL.DE
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 12.78%
- YTD
- 11.99%
- 1Y
- 23.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBUM.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUM.DE iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc) | 8.15% | 15.88% | 21.99% | 13.02% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.99% | 4.71% | 32.33% | 8.23% |
Correlation
The correlation between CBUM.DE and SPYL.DE is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.76 |
The correlation between CBUM.DE and SPYL.DE has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
CBUM.DE vs. SPYL.DE — Risk / Return Rank
CBUM.DE
SPYL.DE
CBUM.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc) (CBUM.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| CBUM.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 3.36 | -1.09 |
| Martin ratioReturn relative to average drawdown | 9.58 | 11.80 | -2.22 |
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Drawdowns
CBUM.DE vs. SPYL.DE - Drawdown Comparison
The maximum CBUM.DE drawdown since its inception was -19.25%, smaller than the maximum SPYL.DE drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for CBUM.DE and SPYL.DE.
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Drawdown Indicators
| CBUM.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.25% | -23.27% | +4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -7.13% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | — | — |
Current DrawdownCurrent decline from peak | -1.13% | -0.86% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -3.31% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.03% | +0.10% |
Volatility
CBUM.DE vs. SPYL.DE - Volatility Comparison
iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc) (CBUM.DE) has a higher volatility of 4.03% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 3.64%. This indicates that CBUM.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUM.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 3.64% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 8.15% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 12.03% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 15.00% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 15.00% | +0.01% |
CBUM.DE vs. SPYL.DE - Expense Ratio Comparison
CBUM.DE has a 0.10% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CBUM.DE vs. SPYL.DE - Dividend Comparison
Neither CBUM.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUM.DE and SPYL.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.10% for CBUM.DE.
CBUM.DE tracks S&P 500 Scored & Screened Index (EUR Hedged), while SPYL.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for CBUM.DE and 0.03% for SPYL.DE.
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