CBUS.DE vs. VGEB.DE
CBUS.DE (iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - CBUS.DE tracks the FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged) while VGEB.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 VGEB.DE. A 0.75 correlation means they provide meaningful diversification when combined. CBUS.DE charges 0.09%/yr vs 0.07%/yr for VGEB.DE.
Performance
CBUS.DE vs. VGEB.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 VGEB.DE's 0.13% return.
CBUS.DE
- 1D
- 0.20%
- 1M
- 0.46%
- YTD
- -1.94%
- 6M
- -1.87%
- 1Y
- 0.16%
- 3Y*
- 0.65%
- 5Y*
- —
- 10Y*
- —
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.00%
- YTD
- 0.13%
- 6M
- 0.18%
- 1Y
- 0.31%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 10Y*
- —
CBUS.DE vs. VGEB.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% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 1.55% | 6.99% | -1.01% |
Correlation
The correlation between CBUS.DE and VGEB.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2022 | 0.75 |
The correlation between CBUS.DE and VGEB.DE has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.
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Return for Risk
CBUS.DE vs. VGEB.DE — Risk / Return Rank
CBUS.DE
VGEB.DE
CBUS.DE vs. VGEB.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 Distributing (VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.03 | +0.04 |
| Martin ratioReturn relative to average drawdown | 0.04 | -0.06 | +0.11 |
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 | VGEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | -0.02 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.03 | +0.15 |
Drawdowns
CBUS.DE vs. VGEB.DE - Drawdown Comparison
The maximum CBUS.DE drawdown since its inception was -12.79%, smaller than the maximum VGEB.DE drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for CBUS.DE and VGEB.DE.
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Drawdown Indicators
| CBUS.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.79% | -22.15% | +9.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -3.43% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -7.48% | -4.05% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.25% | — |
Current DrawdownCurrent decline from peak | -7.94% | -13.65% | +5.71% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -8.83% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.35% | +0.83% |
Volatility
CBUS.DE vs. VGEB.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 Distributing (VGEB.DE) at 1.63%. This indicates that CBUS.DE's price experiences larger fluctuations and is considered to be riskier than VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 1.63% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 3.47% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 4.16% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 6.32% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 5.52% | +2.82% |
CBUS.DE vs. VGEB.DE - Expense Ratio Comparison
CBUS.DE has a 0.09% expense ratio, which is higher than VGEB.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. VGEB.DE - Dividend Comparison
CBUS.DE's dividend yield for the trailing twelve months is around 4.52%, more than VGEB.DE's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CBUS.DE iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist | 4.52% | 4.23% | 3.74% | 2.40% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
Frequently Asked Questions
CBUS.DE and VGEB.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.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 VGEB.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 VGEB.DE.
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