CBUX.DE vs. H41G.DE
CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) and H41G.DE (HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc)) are both exchange-traded funds - CBUX.DE is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index, while H41G.DE is a Global Equities fund tracking the MSCI World Small Cap SRI ESG Leaders Select. Both are passively managed. Over the past 3 years, CBUX.DE returned 10.54%/yr vs 13.46%/yr for H41G.DE. At a 0.44 correlation, their price movements are largely independent. CBUX.DE charges 0.65%/yr vs 0.25%/yr for H41G.DE.
Performance
CBUX.DE vs. H41G.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CBUX.DE having a 14.81% return and H41G.DE slightly lower at 14.76%.
CBUX.DE
- 1D
- 0.49%
- 1M
- 1.14%
- YTD
- 14.81%
- 6M
- 15.89%
- 1Y
- 20.39%
- 3Y*
- 10.54%
- 5Y*
- —
- 10Y*
- —
H41G.DE
- 1D
- 0.00%
- 1M
- 3.53%
- YTD
- 14.76%
- 6M
- 15.01%
- 1Y
- 28.17%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
CBUX.DE vs. H41G.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUX.DE iShares Global Infrastructure UCITS ETF USD (Acc) | 14.81% | 0.75% | 14.53% | -1.47% |
H41G.DE HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) | 14.76% | 3.96% | 12.21% | 3.75% |
Correlation
The correlation between CBUX.DE and H41G.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2023 | 0.44 |
Over the past year, the correlation between CBUX.DE and H41G.DE has dropped to 0.23 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
CBUX.DE vs. H41G.DE — Risk / Return Rank
CBUX.DE
H41G.DE
CBUX.DE vs. H41G.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) and HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) (H41G.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBUX.DE | H41G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 3.48 | +1.33 |
| Martin ratioReturn relative to average drawdown | 10.96 | 13.65 | -2.70 |
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Drawdowns
CBUX.DE vs. H41G.DE - Drawdown Comparison
The maximum CBUX.DE drawdown since its inception was -14.96%, smaller than the maximum H41G.DE drawdown of -24.84%. Use the drawdown chart below to compare losses from any high point for CBUX.DE and H41G.DE.
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Drawdown Indicators
| CBUX.DE | H41G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -24.84% | +9.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -8.12% | +3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -24.84% | +9.88% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -4.80% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.07% | -0.21% |
Volatility
CBUX.DE vs. H41G.DE - Volatility Comparison
iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) has a higher volatility of 4.49% compared to HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) (H41G.DE) at 2.68%. This indicates that CBUX.DE's price experiences larger fluctuations and is considered to be riskier than H41G.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUX.DE | H41G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 2.68% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.95% | 9.95% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 13.53% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.99% | 15.70% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.99% | 15.70% | -3.71% |
CBUX.DE vs. H41G.DE - Expense Ratio Comparison
CBUX.DE has a 0.65% expense ratio, which is higher than H41G.DE's 0.25% expense ratio.
Dividends
CBUX.DE vs. H41G.DE - Dividend Comparison
Neither CBUX.DE nor H41G.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUX.DE and H41G.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H41G.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41G.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for CBUX.DE.
CBUX.DE is categorized as Utilities Equities, while H41G.DE is Global Equities. CBUX.DE tracks FTSE Global Core Infrastructure Index, while H41G.DE tracks MSCI World Small Cap SRI ESG Leaders Select. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.65% for CBUX.DE and 0.25% for H41G.DE.
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