CBUS.DE vs. VGEA.DE
CBUS.DE (iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - CBUS.DE tracks the FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged) while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 3 years, CBUS.DE returned 0.65%/yr vs 2.38%/yr for VGEA.DE. A 0.74 correlation means they provide meaningful diversification when combined. CBUS.DE charges 0.09%/yr vs 0.07%/yr for VGEA.DE.
Performance
CBUS.DE vs. VGEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUS.DE achieves a -1.94% return, which is significantly lower than VGEA.DE's 0.11% return.
CBUS.DE
- 1D
- 0.20%
- 1M
- 1.30%
- YTD
- -1.94%
- 6M
- -2.08%
- 1Y
- 0.09%
- 3Y*
- 0.65%
- 5Y*
- —
- 10Y*
- —
VGEA.DE
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 0.11%
- 6M
- 0.00%
- 1Y
- -0.05%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
CBUS.DE vs. VGEA.DE - 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% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -1.20% |
Correlation
The correlation between CBUS.DE and VGEA.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2022 | 0.74 |
The correlation between CBUS.DE and VGEA.DE has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.
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Return for Risk
CBUS.DE vs. VGEA.DE — Risk / Return Rank
CBUS.DE
VGEA.DE
CBUS.DE vs. VGEA.DE - 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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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.
| CBUS.DE | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.01 | +0.03 |
| Martin ratioReturn relative to average drawdown | 0.04 | -0.04 | +0.08 |
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 | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | -0.01 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.10 | +0.21 |
Drawdowns
CBUS.DE vs. VGEA.DE - Drawdown Comparison
The maximum CBUS.DE drawdown since its inception was -12.79%, smaller than the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for CBUS.DE and VGEA.DE.
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Drawdown Indicators
| CBUS.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.79% | -22.34% | +9.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -3.44% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -7.48% | -4.00% | -3.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.47% | — |
Current DrawdownCurrent decline from peak | -7.94% | -13.91% | +5.97% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -10.30% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.33% | +0.85% |
Volatility
CBUS.DE vs. VGEA.DE - Volatility Comparison
iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.DE) has a higher volatility of 2.39% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) at 1.67%. This indicates that CBUS.DE's price experiences larger fluctuations and is considered to be riskier than VGEA.DE 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 | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 1.67% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 3.62% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 4.33% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 6.39% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 5.86% | +2.48% |
CBUS.DE vs. VGEA.DE - Expense Ratio Comparison
CBUS.DE has a 0.09% expense ratio, which is higher than VGEA.DE's 0.07% 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
CBUS.DE vs. VGEA.DE - Dividend Comparison
CBUS.DE's dividend yield for the trailing twelve months is around 4.52%, while VGEA.DE 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% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBUS.DE and VGEA.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for CBUS.DE.
CBUS.DE tracks FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged), while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for CBUS.DE and 0.07% for VGEA.DE.
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