CBUX.DE vs. IBCZ.DE
CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) and IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) are both exchange-traded funds - CBUX.DE is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index, while IBCZ.DE is a Global Equities fund tracking the MSCI World Diversified Multiple-Factor. Both are passively managed. Over the past 3 years, CBUX.DE returned 8.47%/yr vs 18.64%/yr for IBCZ.DE. At a 0.38 correlation, their price movements are largely independent. CBUX.DE charges 0.65%/yr vs 0.50%/yr for IBCZ.DE.
Performance
CBUX.DE vs. IBCZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUX.DE achieves a 10.28% return, which is significantly lower than IBCZ.DE's 13.04% return.
CBUX.DE
- 1D
- -1.34%
- 1M
- -2.15%
- YTD
- 10.28%
- 6M
- 8.97%
- 1Y
- 12.32%
- 3Y*
- 8.47%
- 5Y*
- —
- 10Y*
- —
IBCZ.DE
- 1D
- -0.16%
- 1M
- 5.84%
- YTD
- 13.04%
- 6M
- 13.70%
- 1Y
- 27.80%
- 3Y*
- 18.64%
- 5Y*
- 12.00%
- 10Y*
- 11.45%
CBUX.DE vs. IBCZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUX.DE iShares Global Infrastructure UCITS ETF USD (Acc) | 10.28% | 0.69% | 14.63% | -1.37% |
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 5.77% |
Correlation
The correlation between CBUX.DE and IBCZ.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2023 | 0.38 |
The correlation between CBUX.DE and IBCZ.DE shifts across timeframes, from 0.20 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CBUX.DE vs. IBCZ.DE — Risk / Return Rank
CBUX.DE
IBCZ.DE
CBUX.DE vs. IBCZ.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 iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.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.
| CBUX.DE | IBCZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.45 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 5.23 | -2.33 |
| Martin ratioReturn relative to average drawdown | 6.42 | 20.97 | -14.54 |
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
| CBUX.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.42 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.69 | -0.08 |
Drawdowns
CBUX.DE vs. IBCZ.DE - Drawdown Comparison
The maximum CBUX.DE drawdown since its inception was -14.94%, smaller than the maximum IBCZ.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CBUX.DE and IBCZ.DE.
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Drawdown Indicators
| CBUX.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -33.99% | +19.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -5.29% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -19.98% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -3.33% | -0.60% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -4.52% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.32% | +0.59% |
Volatility
CBUX.DE vs. IBCZ.DE - Volatility Comparison
iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) has a higher volatility of 3.92% compared to iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) at 3.05%. This indicates that CBUX.DE's price experiences larger fluctuations and is considered to be riskier than IBCZ.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 | IBCZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.05% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 8.16% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 11.42% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.93% | 14.11% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 15.13% | -3.20% |
CBUX.DE vs. IBCZ.DE - Expense Ratio Comparison
CBUX.DE has a 0.65% expense ratio, which is higher than IBCZ.DE's 0.50% expense ratio.
Dividends
CBUX.DE vs. IBCZ.DE - Dividend Comparison
Neither CBUX.DE nor IBCZ.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUX.DE and IBCZ.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCZ.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCZ.DE is cheaper with a 0.50% expense ratio, compared with 0.65% for CBUX.DE.
CBUX.DE is categorized as Utilities Equities, while IBCZ.DE is Global Equities. CBUX.DE tracks FTSE Global Core Infrastructure Index, while IBCZ.DE tracks MSCI World Diversified Multiple-Factor. Their fees differ too: 0.65% for CBUX.DE and 0.50% for IBCZ.DE.
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