CBUS.DE vs. GLD
CBUS.DE (iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist) and GLD (SPDR Gold Shares) are both exchange-traded funds - CBUS.DE is a European Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged), while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 3 years, CBUS.DE returned 0.65%/yr vs 27.37%/yr for GLD. At a 0.14 correlation, their price movements are largely independent. CBUS.DE charges 0.09%/yr vs 0.40%/yr for GLD.
Performance
CBUS.DE vs. GLD - Performance Comparison
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Different Trading Currencies
CBUS.DE is traded in EUR, while GLD is traded in USD. To make them comparable, the GLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBUS.DE achieves a -1.94% return, which is significantly lower than GLD's 4.15% return.
CBUS.DE
- 1D
- 0.20%
- 1M
- 1.30%
- YTD
- -1.94%
- 6M
- -2.08%
- 1Y
- 0.09%
- 3Y*
- 0.65%
- 5Y*
- —
- 10Y*
- —
GLD
- 1D
- 0.00%
- 1M
- -1.78%
- YTD
- 4.15%
- 6M
- 5.70%
- 1Y
- 29.06%
- 3Y*
- 27.37%
- 5Y*
- 19.26%
- 10Y*
- 12.87%
CBUS.DE vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUS.DE iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist | -1.94% | 3.15% | -5.02% | 2.14% | 5.57% |
GLD SPDR Gold Shares | 4.96% | 44.25% | 35.02% | 9.31% | -2.23% |
Correlation
The correlation between CBUS.DE and GLD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2022 | 0.14 |
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Return for Risk
CBUS.DE vs. GLD — Risk / Return Rank
CBUS.DE
GLD
CBUS.DE vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.DE) and SPDR Gold Shares (GLD). 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.
| CBUS.DE | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 1.70 | -1.69 |
| Martin ratioReturn relative to average drawdown | 0.04 | 4.06 | -4.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBUS.DE | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 1.16 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.16 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.65 | -0.54 |
Drawdowns
CBUS.DE vs. GLD - Drawdown Comparison
The maximum CBUS.DE drawdown since its inception was -12.79%, smaller than the maximum GLD drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for CBUS.DE and GLD.
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Drawdown Indicators
| CBUS.DE | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.79% | -37.47% | +24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -17.14% | +11.48% |
Max Drawdown (3Y)Largest decline over 3 years | -7.48% | -17.14% | +9.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.63% | — |
Current DrawdownCurrent decline from peak | -7.94% | -16.17% | +8.23% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -12.17% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 7.17% | -4.99% |
Volatility
CBUS.DE vs. GLD - Volatility Comparison
The current volatility for iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.DE) is 2.39%, while SPDR Gold Shares (GLD) has a volatility of 4.64%. This indicates that CBUS.DE experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUS.DE | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 4.64% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 21.81% | -16.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 25.18% | -19.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 16.70% | -8.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 14.91% | -6.57% |
CBUS.DE vs. GLD - Expense Ratio Comparison
CBUS.DE has a 0.09% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
CBUS.DE vs. GLD - Dividend Comparison
CBUS.DE's dividend yield for the trailing twelve months is around 4.52%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBUS.DE iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist | 4.52% | 4.23% | 3.74% | 2.40% | 0.13% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBUS.DE and GLD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUS.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUS.DE is cheaper with a 0.09% expense ratio, compared with 0.40% for GLD.
CBUS.DE is categorized as European Government Bonds, while GLD is Gold. CBUS.DE tracks FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged), while GLD tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.09% for CBUS.DE and 0.40% for GLD.
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