CBUP.DE vs. EUNL.DE
CBUP.DE (iShares € Green Bond UCITS ETF EUR (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CBUP.DE is a Corporate Bonds fund tracking the Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 3 years, CBUP.DE returned 3.28%/yr vs 17.52%/yr for EUNL.DE. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
CBUP.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUP.DE achieves a 0.99% return, which is significantly lower than EUNL.DE's 12.51% return.
CBUP.DE
- 1D
- -0.02%
- 1M
- 0.81%
- 6M
- 1.26%
- YTD
- 0.99%
- 1Y
- 1.14%
- 3Y*
- 3.28%
- 5Y*
- —
- 10Y*
- —
EUNL.DE
- 1D
- 0.37%
- 1M
- 1.51%
- 6M
- 12.63%
- YTD
- 12.51%
- 1Y
- 24.23%
- 3Y*
- 17.52%
- 5Y*
- 12.27%
- 10Y*
- 13.01%
CBUP.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUP.DE iShares € Green Bond UCITS ETF EUR (Acc) | 0.99% | 0.99% | 2.05% | 7.83% | -11.21% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 12.51% | 7.91% | 25.93% | 20.12% | -8.71% |
Correlation
The correlation between CBUP.DE and EUNL.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.19 |
The correlation between CBUP.DE and EUNL.DE shifts across timeframes, from 0.19 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CBUP.DE vs. EUNL.DE — Risk / Return Rank
CBUP.DE
EUNL.DE
CBUP.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Green Bond UCITS ETF EUR (Acc) (CBUP.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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.
| CBUP.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.39 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 3.88 | -3.52 |
| Martin ratioReturn relative to average drawdown | 0.93 | 15.65 | -14.72 |
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Drawdowns
CBUP.DE vs. EUNL.DE - Drawdown Comparison
The maximum CBUP.DE drawdown since its inception was -12.62%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for CBUP.DE and EUNL.DE.
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Drawdown Indicators
| CBUP.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.62% | -33.63% | +21.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -6.22% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.58% | -21.73% | +18.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -0.88% | -0.10% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -4.21% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.54% | -0.32% |
Volatility
CBUP.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares € Green Bond UCITS ETF EUR (Acc) (CBUP.DE) is 1.10%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 3.21%. This indicates that CBUP.DE experiences smaller price fluctuations and is considered to be less risky than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUP.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 3.21% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 7.97% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 11.33% | -7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 14.19% | -8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 15.11% | -9.23% |
CBUP.DE vs. EUNL.DE - Expense Ratio Comparison
Both CBUP.DE and EUNL.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CBUP.DE vs. EUNL.DE - Dividend Comparison
Neither CBUP.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUP.DE and EUNL.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CBUP.DE and EUNL.DE have the same expense ratio: 0.20% per year.
CBUP.DE is categorized as Corporate Bonds, while EUNL.DE is Global Equities. CBUP.DE tracks Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index, while EUNL.DE tracks MSCI World Index.
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