CBUS.DE vs. XYP1.DE
CBUS.DE (iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist) and XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) are both European Government Bonds funds - CBUS.DE tracks the FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged) while XYP1.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. Both are passively managed. Over the past 3 years, CBUS.DE returned 0.65%/yr vs 2.85%/yr for XYP1.DE. A 0.62 correlation means they provide meaningful diversification when combined. CBUS.DE charges 0.09%/yr vs 0.15%/yr for XYP1.DE.
Performance
CBUS.DE vs. XYP1.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 XYP1.DE's 0.03% return.
CBUS.DE
- 1D
- 0.20%
- 1M
- 0.46%
- YTD
- -1.94%
- 6M
- -1.87%
- 1Y
- 0.16%
- 3Y*
- 0.65%
- 5Y*
- —
- 10Y*
- —
XYP1.DE
- 1D
- 0.05%
- 1M
- 0.03%
- YTD
- 0.03%
- 6M
- 0.15%
- 1Y
- 0.93%
- 3Y*
- 2.85%
- 5Y*
- 0.86%
- 10Y*
- 0.56%
CBUS.DE vs. XYP1.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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.03% | 2.37% | 3.44% | 3.75% | -0.01% |
Correlation
The correlation between CBUS.DE and XYP1.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2022 | 0.62 |
The correlation between CBUS.DE and XYP1.DE has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.
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Return for Risk
CBUS.DE vs. XYP1.DE — Risk / Return Rank
CBUS.DE
XYP1.DE
CBUS.DE vs. XYP1.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 Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.11 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 0.55 | -0.53 |
| Martin ratioReturn relative to average drawdown | 0.04 | 1.75 | -1.71 |
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 | XYP1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 0.56 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.46 | -0.35 |
Drawdowns
CBUS.DE vs. XYP1.DE - Drawdown Comparison
The maximum CBUS.DE drawdown since its inception was -12.79%, which is greater than XYP1.DE's maximum drawdown of -5.77%. Use the drawdown chart below to compare losses from any high point for CBUS.DE and XYP1.DE.
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Drawdown Indicators
| CBUS.DE | XYP1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.79% | -5.77% | -7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -1.39% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -7.48% | -1.39% | -6.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.77% | — |
Current DrawdownCurrent decline from peak | -7.94% | -0.61% | -7.33% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -0.93% | -6.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 0.44% | +1.74% |
Volatility
CBUS.DE vs. XYP1.DE - Volatility Comparison
iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.DE) has a higher volatility of 2.39% compared to Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) at 0.49%. This indicates that CBUS.DE's price experiences larger fluctuations and is considered to be riskier than XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 0.49% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 1.25% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 1.38% | +4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 1.75% | +6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 2.01% | +6.33% |
CBUS.DE vs. XYP1.DE - Expense Ratio Comparison
CBUS.DE has a 0.09% expense ratio, which is lower than XYP1.DE's 0.15% expense ratio. Despite the difference, 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. XYP1.DE - Dividend Comparison
CBUS.DE's dividend yield for the trailing twelve months is around 4.52%, while XYP1.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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBUS.DE and XYP1.DE have a correlation of 0.62, 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 0.15% for XYP1.DE.
CBUS.DE tracks FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged), while XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for CBUS.DE and 0.15% for XYP1.DE.
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