CBUX.DE vs. IWLE.DE
CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) and IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) are both exchange-traded funds - CBUX.DE is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index, while IWLE.DE is a Global Equities fund tracking the MSCI World Net TR Index. Both are passively managed. Over the past 3 years, CBUX.DE returned 10.54%/yr vs 17.76%/yr for IWLE.DE. At a 0.22 correlation, their price movements are largely independent. CBUX.DE charges 0.65%/yr vs 0.30%/yr for IWLE.DE.
Performance
CBUX.DE vs. IWLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUX.DE achieves a 14.81% return, which is significantly higher than IWLE.DE's 7.23% return.
CBUX.DE
- 1D
- 0.49%
- 1M
- 1.14%
- YTD
- 14.81%
- 6M
- 15.89%
- 1Y
- 20.39%
- 3Y*
- 10.54%
- 5Y*
- —
- 10Y*
- —
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
CBUX.DE vs. IWLE.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% |
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 16.92% |
Correlation
The correlation between CBUX.DE and IWLE.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2023 | 0.22 |
The correlation between CBUX.DE and IWLE.DE shifts across timeframes, from -0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CBUX.DE vs. IWLE.DE — Risk / Return Rank
CBUX.DE
IWLE.DE
CBUX.DE vs. IWLE.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 Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.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 | IWLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 2.57 | +2.24 |
| Martin ratioReturn relative to average drawdown | 10.96 | 11.25 | -0.30 |
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Drawdowns
CBUX.DE vs. IWLE.DE - Drawdown Comparison
The maximum CBUX.DE drawdown since its inception was -14.96%, smaller than the maximum IWLE.DE drawdown of -32.76%. Use the drawdown chart below to compare losses from any high point for CBUX.DE and IWLE.DE.
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Drawdown Indicators
| CBUX.DE | IWLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -32.76% | +17.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -8.05% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -17.60% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.49% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.77% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -5.27% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.84% | +0.02% |
Volatility
CBUX.DE vs. IWLE.DE - Volatility Comparison
iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) has a higher volatility of 4.49% compared to iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) at 4.07%. This indicates that CBUX.DE's price experiences larger fluctuations and is considered to be riskier than IWLE.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 | IWLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.07% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.95% | 9.70% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 12.33% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.99% | 15.02% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.99% | 16.76% | -4.77% |
CBUX.DE vs. IWLE.DE - Expense Ratio Comparison
CBUX.DE has a 0.65% expense ratio, which is higher than IWLE.DE's 0.30% expense ratio.
Dividends
CBUX.DE vs. IWLE.DE - Dividend Comparison
CBUX.DE has not paid dividends to shareholders, while IWLE.DE's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBUX.DE iShares Global Infrastructure UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
Frequently Asked Questions
CBUX.DE and IWLE.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWLE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWLE.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for CBUX.DE.
CBUX.DE is categorized as Utilities Equities, while IWLE.DE is Global Equities. CBUX.DE tracks FTSE Global Core Infrastructure Index, while IWLE.DE tracks MSCI World Net TR Index. Their fees differ too: 0.65% for CBUX.DE and 0.30% for IWLE.DE.
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