CBUP.DE vs. VUCE.DE
CBUP.DE (iShares € Green Bond UCITS ETF EUR (Acc)) and VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) are both Corporate Bonds funds - CBUP.DE tracks the Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index while VUCE.DE tracks the Bloomberg Global Aggregate Corporate USD. Both are passively managed. Over the past 3 years, CBUP.DE returned 2.62%/yr vs 4.35%/yr for VUCE.DE. At a 0.40 correlation, their price movements are largely independent. CBUP.DE charges 0.20%/yr vs 0.09%/yr for VUCE.DE.
Performance
CBUP.DE vs. VUCE.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 VUCE.DE's 3.00% return.
CBUP.DE
- 1D
- 0.12%
- 1M
- -0.96%
- 6M
- -0.41%
- YTD
- -0.06%
- 1Y
- 0.60%
- 3Y*
- 2.62%
- 5Y*
- —
- 10Y*
- —
VUCE.DE
- 1D
- 0.21%
- 1M
- 0.73%
- 6M
- 1.51%
- YTD
- 3.00%
- 1Y
- 5.88%
- 3Y*
- 4.35%
- 5Y*
- 0.90%
- 10Y*
- —
CBUP.DE vs. VUCE.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% |
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 3.00% | -4.18% | 8.59% | 4.44% | -8.57% |
Correlation
The correlation between CBUP.DE and VUCE.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.40 |
Over the past year, the correlation between CBUP.DE and VUCE.DE has dropped to 0.18 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
CBUP.DE vs. VUCE.DE — Risk / Return Rank
CBUP.DE
VUCE.DE
CBUP.DE vs. VUCE.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 Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.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 | VUCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.20 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.81 | -1.63 |
| Martin ratioReturn relative to average drawdown | 0.48 | 4.75 | -4.27 |
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Drawdowns
CBUP.DE vs. VUCE.DE - Drawdown Comparison
The maximum CBUP.DE drawdown since its inception was -12.62%, roughly equal to the maximum VUCE.DE drawdown of -13.03%. Use the drawdown chart below to compare losses from any high point for CBUP.DE and VUCE.DE.
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Drawdown Indicators
| CBUP.DE | VUCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.62% | -13.03% | +0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -3.23% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.58% | -11.15% | +7.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.75% | — |
Current DrawdownCurrent decline from peak | -1.90% | -3.84% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -5.65% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.24% | +0.02% |
Volatility
CBUP.DE vs. VUCE.DE - Volatility Comparison
The current volatility for iShares € Green Bond UCITS ETF EUR (Acc) (CBUP.DE) is 1.24%, while Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) has a volatility of 1.38%. This indicates that CBUP.DE experiences smaller price fluctuations and is considered to be less risky than VUCE.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 | VUCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.38% | -0.14% |
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% | 5.69% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 7.97% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 9.13% | -3.26% |
CBUP.DE vs. VUCE.DE - Expense Ratio Comparison
CBUP.DE has a 0.20% expense ratio, which is higher than VUCE.DE's 0.09% 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. VUCE.DE - Dividend Comparison
Neither CBUP.DE nor VUCE.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUP.DE and VUCE.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUCE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUCE.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for CBUP.DE.
CBUP.DE tracks Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index, while VUCE.DE tracks Bloomberg Global Aggregate Corporate USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CBUP.DE and 0.09% for VUCE.DE.
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