CBUV.DE vs. EUNL.DE
CBUV.DE (iShares Metaverse UCITS ETF USD (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CBUV.DE is a Technology Equities fund tracking the STOXX Global Metaverse, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 3 years, CBUV.DE returned 21.34%/yr vs 17.55%/yr for EUNL.DE. Their correlation of 0.84 suggests significant overlap in exposure. CBUV.DE charges 0.50%/yr vs 0.20%/yr for EUNL.DE.
Performance
CBUV.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUV.DE achieves a 4.62% return, which is significantly lower than EUNL.DE's 10.86% return.
CBUV.DE
- 1D
- 0.58%
- 1M
- 4.35%
- YTD
- 4.62%
- 6M
- 2.15%
- 1Y
- 17.36%
- 3Y*
- 21.34%
- 5Y*
- —
- 10Y*
- —
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
CBUV.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUV.DE iShares Metaverse UCITS ETF USD (Acc) | 4.62% | 8.91% | 30.32% | 51.01% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 16.71% |
Correlation
The correlation between CBUV.DE and EUNL.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2023 | 0.84 |
The correlation between CBUV.DE and EUNL.DE has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
CBUV.DE vs. EUNL.DE — Risk / Return Rank
CBUV.DE
EUNL.DE
CBUV.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Metaverse UCITS ETF USD (Acc) (CBUV.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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.
| CBUV.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 3.64 | -2.76 |
| Martin ratioReturn relative to average drawdown | 2.10 | 14.52 | -12.41 |
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
| CBUV.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.12 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.82 | +0.49 |
Drawdowns
CBUV.DE vs. EUNL.DE - Drawdown Comparison
The maximum CBUV.DE drawdown since its inception was -27.66%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for CBUV.DE and EUNL.DE.
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Drawdown Indicators
| CBUV.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.66% | -33.63% | +5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -20.30% | -6.50% | -13.80% |
Max Drawdown (3Y)Largest decline over 3 years | -27.66% | -21.73% | -5.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -4.31% | -0.31% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -4.25% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.59% | 1.64% | +6.95% |
Volatility
CBUV.DE vs. EUNL.DE - Volatility Comparison
iShares Metaverse UCITS ETF USD (Acc) (CBUV.DE) has a higher volatility of 4.51% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that CBUV.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUV.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 2.62% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 7.72% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 11.16% | +7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 14.17% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 15.17% | +5.09% |
CBUV.DE vs. EUNL.DE - Expense Ratio Comparison
CBUV.DE has a 0.50% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
CBUV.DE vs. EUNL.DE - Dividend Comparison
Neither CBUV.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUV.DE and EUNL.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for CBUV.DE.
CBUV.DE is categorized as Technology Equities, while EUNL.DE is Global Equities. CBUV.DE tracks STOXX Global Metaverse, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.50% for CBUV.DE and 0.20% for EUNL.DE.
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