CBUX.DE vs. SC0Z.DE
CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) and SC0Z.DE (Invesco European Utilities Sector UCITS ETF) are both Utilities Equities funds - CBUX.DE tracks the FTSE Global Core Infrastructure Index while SC0Z.DE tracks the STOXX® Europe 600 Optimised Utilities. Both are passively managed. Over the past 3 years, CBUX.DE returned 8.47%/yr vs 15.95%/yr for SC0Z.DE. A 0.51 correlation means they provide meaningful diversification when combined. CBUX.DE charges 0.65%/yr vs 0.20%/yr for SC0Z.DE.
Performance
CBUX.DE vs. SC0Z.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 SC0Z.DE's 12.95% return.
CBUX.DE
- 1D
- -1.34%
- 1M
- -2.15%
- YTD
- 10.28%
- 6M
- 8.97%
- 1Y
- 12.32%
- 3Y*
- 8.47%
- 5Y*
- —
- 10Y*
- —
SC0Z.DE
- 1D
- -0.22%
- 1M
- -3.25%
- YTD
- 12.95%
- 6M
- 14.19%
- 1Y
- 26.15%
- 3Y*
- 15.95%
- 5Y*
- 11.09%
- 10Y*
- 9.78%
CBUX.DE vs. SC0Z.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% |
SC0Z.DE Invesco European Utilities Sector UCITS ETF | 12.95% | 32.73% | 0.20% | 9.12% |
Correlation
The correlation between CBUX.DE and SC0Z.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2023 | 0.51 |
The correlation between CBUX.DE and SC0Z.DE has been stable across timeframes, ranging from 0.51 to 0.52 - a consistent structural relationship.
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Return for Risk
CBUX.DE vs. SC0Z.DE — Risk / Return Rank
CBUX.DE
SC0Z.DE
CBUX.DE vs. SC0Z.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 Invesco European Utilities Sector UCITS ETF (SC0Z.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 | SC0Z.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 3.49 | -0.58 |
| Martin ratioReturn relative to average drawdown | 6.42 | 9.42 | -2.99 |
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 | SC0Z.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.75 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.38 | +0.22 |
Drawdowns
CBUX.DE vs. SC0Z.DE - Drawdown Comparison
The maximum CBUX.DE drawdown since its inception was -14.94%, smaller than the maximum SC0Z.DE drawdown of -33.41%. Use the drawdown chart below to compare losses from any high point for CBUX.DE and SC0Z.DE.
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Drawdown Indicators
| CBUX.DE | SC0Z.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -33.41% | +18.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -7.46% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -13.65% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.41% | — |
Current DrawdownCurrent decline from peak | -3.33% | -5.34% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -8.27% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.77% | -0.86% |
Volatility
CBUX.DE vs. SC0Z.DE - Volatility Comparison
The current volatility for iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) is 3.92%, while Invesco European Utilities Sector UCITS ETF (SC0Z.DE) has a volatility of 5.96%. This indicates that CBUX.DE experiences smaller price fluctuations and is considered to be less risky than SC0Z.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 | SC0Z.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 5.96% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 12.97% | -4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 14.87% | -4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.93% | 16.23% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 17.13% | -5.20% |
CBUX.DE vs. SC0Z.DE - Expense Ratio Comparison
CBUX.DE has a 0.65% expense ratio, which is higher than SC0Z.DE's 0.20% expense ratio.
Dividends
CBUX.DE vs. SC0Z.DE - Dividend Comparison
Neither CBUX.DE nor SC0Z.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUX.DE and SC0Z.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0Z.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0Z.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for CBUX.DE.
CBUX.DE tracks FTSE Global Core Infrastructure Index, while SC0Z.DE tracks STOXX® Europe 600 Optimised Utilities. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.65% for CBUX.DE and 0.20% for SC0Z.DE.
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