CBUX.DE vs. WELD.DE
CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) and WELD.DE (Amundi S&P Global Utilities ESG UCITS ETF EUR Acc) are both Utilities Equities funds - CBUX.DE tracks the FTSE Global Core Infrastructure Index while WELD.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Utilities. Both are passively managed. Over the past 3 years, CBUX.DE returned 8.47%/yr vs 11.09%/yr for WELD.DE. A 0.77 correlation means they provide meaningful diversification when combined. CBUX.DE charges 0.65%/yr vs 0.18%/yr for WELD.DE.
Performance
CBUX.DE vs. WELD.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 higher than WELD.DE's 6.78% return.
CBUX.DE
- 1D
- -1.34%
- 1M
- -2.15%
- YTD
- 10.28%
- 6M
- 8.97%
- 1Y
- 12.32%
- 3Y*
- 8.47%
- 5Y*
- —
- 10Y*
- —
WELD.DE
- 1D
- -1.00%
- 1M
- -5.21%
- YTD
- 6.78%
- 6M
- 5.30%
- 1Y
- 15.75%
- 3Y*
- 11.09%
- 5Y*
- —
- 10Y*
- —
CBUX.DE vs. WELD.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% |
WELD.DE Amundi S&P Global Utilities ESG UCITS ETF EUR Acc | 6.78% | 18.60% | 10.09% | -0.13% |
Correlation
The correlation between CBUX.DE and WELD.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2023 | 0.77 |
The correlation between CBUX.DE and WELD.DE has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
CBUX.DE vs. WELD.DE — Risk / Return Rank
CBUX.DE
WELD.DE
CBUX.DE vs. WELD.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 Amundi S&P Global Utilities ESG UCITS ETF EUR Acc (WELD.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 | WELD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 2.35 | +0.56 |
| Martin ratioReturn relative to average drawdown | 6.42 | 6.47 | -0.05 |
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 | WELD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.27 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.94 | -0.34 |
Drawdowns
CBUX.DE vs. WELD.DE - Drawdown Comparison
The maximum CBUX.DE drawdown since its inception was -14.94%, which is greater than WELD.DE's maximum drawdown of -14.07%. Use the drawdown chart below to compare losses from any high point for CBUX.DE and WELD.DE.
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Drawdown Indicators
| CBUX.DE | WELD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -14.07% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -6.68% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -12.61% | -2.33% |
Current DrawdownCurrent decline from peak | -3.33% | -6.55% | +3.22% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -3.20% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.43% | -0.52% |
Volatility
CBUX.DE vs. WELD.DE - Volatility Comparison
iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) and Amundi S&P Global Utilities ESG UCITS ETF EUR Acc (WELD.DE) have volatilities of 3.92% and 4.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUX.DE | WELD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 4.02% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 9.94% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 12.34% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.93% | 13.35% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 13.35% | -1.42% |
CBUX.DE vs. WELD.DE - Expense Ratio Comparison
CBUX.DE has a 0.65% expense ratio, which is higher than WELD.DE's 0.18% expense ratio.
Dividends
CBUX.DE vs. WELD.DE - Dividend Comparison
Neither CBUX.DE nor WELD.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUX.DE and WELD.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELD.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELD.DE is cheaper with a 0.18% expense ratio, compared with 0.65% for CBUX.DE.
CBUX.DE tracks FTSE Global Core Infrastructure Index, while WELD.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Utilities. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.65% for CBUX.DE and 0.18% for WELD.DE.
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