CBUP.DE vs. SPPU.DE
CBUP.DE (iShares € Green Bond UCITS ETF EUR (Acc)) and SPPU.DE (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) are both Corporate Bonds funds - CBUP.DE tracks the Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index while SPPU.DE tracks the Bloomberg SASB US Corporate ESG Ex-Controversies Select. Both are passively managed. Over the past 3 years, CBUP.DE returned 2.62%/yr vs 3.86%/yr for SPPU.DE. At a 0.44 correlation, their price movements are largely independent. CBUP.DE charges 0.20%/yr vs 0.15%/yr for SPPU.DE.
Performance
CBUP.DE vs. SPPU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUP.DE achieves a -0.06% return, which is significantly lower than SPPU.DE's 2.67% return.
CBUP.DE
- 1D
- 0.12%
- 1M
- -0.96%
- 6M
- -0.41%
- YTD
- -0.06%
- 1Y
- 0.60%
- 3Y*
- 2.62%
- 5Y*
- —
- 10Y*
- —
SPPU.DE
- 1D
- 0.00%
- 1M
- 0.46%
- 6M
- 1.18%
- YTD
- 2.67%
- 1Y
- 5.54%
- 3Y*
- 3.86%
- 5Y*
- 0.48%
- 10Y*
- —
CBUP.DE vs. SPPU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUP.DE iShares € Green Bond UCITS ETF EUR (Acc) | -0.06% | 0.99% | 2.05% | 7.83% | -11.21% |
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 2.67% | -4.22% | 7.66% | 4.50% | -9.22% |
Correlation
The correlation between CBUP.DE and SPPU.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.44 |
Over the past year, the correlation between CBUP.DE and SPPU.DE has dropped to 0.23 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
CBUP.DE vs. SPPU.DE — Risk / Return Rank
CBUP.DE
SPPU.DE
CBUP.DE vs. SPPU.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 SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.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 | SPPU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.18 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.68 | -1.49 |
| Martin ratioReturn relative to average drawdown | 0.48 | 4.35 | -3.88 |
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Drawdowns
CBUP.DE vs. SPPU.DE - Drawdown Comparison
The maximum CBUP.DE drawdown since its inception was -12.62%, smaller than the maximum SPPU.DE drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for CBUP.DE and SPPU.DE.
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Drawdown Indicators
| CBUP.DE | SPPU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.62% | -13.50% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -3.32% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -3.58% | -11.44% | +7.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.50% | — |
Current DrawdownCurrent decline from peak | -1.90% | -4.20% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -6.12% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.28% | -0.02% |
Volatility
CBUP.DE vs. SPPU.DE - Volatility Comparison
The current volatility for iShares € Green Bond UCITS ETF EUR (Acc) (CBUP.DE) is 1.24%, while SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) has a volatility of 1.46%. This indicates that CBUP.DE experiences smaller price fluctuations and is considered to be less risky than SPPU.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 | SPPU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.46% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 3.91% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 5.71% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 8.39% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 8.25% | -2.38% |
CBUP.DE vs. SPPU.DE - Expense Ratio Comparison
CBUP.DE has a 0.20% expense ratio, which is higher than SPPU.DE's 0.15% 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
CBUP.DE vs. SPPU.DE - Dividend Comparison
Neither CBUP.DE nor SPPU.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUP.DE and SPPU.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPU.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPU.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for CBUP.DE.
CBUP.DE tracks Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index, while SPPU.DE tracks Bloomberg SASB US Corporate ESG Ex-Controversies Select. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for CBUP.DE and 0.15% for SPPU.DE.
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