CBUX.DE vs. ZPDU.DE
CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) and ZPDU.DE (SPDR S&P US Utilities Select Sector UCITS ETF) are both Utilities Equities funds - CBUX.DE tracks the FTSE Global Core Infrastructure Index while ZPDU.DE tracks the S&P Utilities Select Sector. Both are passively managed. Over the past 3 years, CBUX.DE returned 8.47%/yr vs 9.55%/yr for ZPDU.DE. Their correlation of 0.85 suggests significant overlap in exposure. CBUX.DE charges 0.65%/yr vs 0.15%/yr for ZPDU.DE.
Performance
CBUX.DE vs. ZPDU.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 ZPDU.DE's 2.85% return.
CBUX.DE
- 1D
- -1.34%
- 1M
- -2.15%
- YTD
- 10.28%
- 6M
- 8.97%
- 1Y
- 12.32%
- 3Y*
- 8.47%
- 5Y*
- —
- 10Y*
- —
ZPDU.DE
- 1D
- -2.27%
- 1M
- -6.18%
- YTD
- 2.85%
- 6M
- 0.22%
- 1Y
- 6.67%
- 3Y*
- 9.55%
- 5Y*
- 9.42%
- 10Y*
- 8.25%
CBUX.DE vs. ZPDU.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% |
ZPDU.DE SPDR S&P US Utilities Select Sector UCITS ETF | 2.85% | 2.83% | 29.87% | -6.50% |
Correlation
The correlation between CBUX.DE and ZPDU.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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2023 | 0.85 |
The correlation between CBUX.DE and ZPDU.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
CBUX.DE vs. ZPDU.DE — Risk / Return Rank
CBUX.DE
ZPDU.DE
CBUX.DE vs. ZPDU.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 SPDR S&P US Utilities Select Sector UCITS ETF (ZPDU.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 | ZPDU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.08 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 0.72 | +2.18 |
| Martin ratioReturn relative to average drawdown | 6.42 | 1.49 | +4.93 |
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 | ZPDU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 0.46 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.48 | +0.12 |
Drawdowns
CBUX.DE vs. ZPDU.DE - Drawdown Comparison
The maximum CBUX.DE drawdown since its inception was -14.94%, smaller than the maximum ZPDU.DE drawdown of -35.80%. Use the drawdown chart below to compare losses from any high point for CBUX.DE and ZPDU.DE.
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Drawdown Indicators
| CBUX.DE | ZPDU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -35.80% | +20.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -9.21% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -16.75% | +1.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.80% | — |
Current DrawdownCurrent decline from peak | -3.33% | -8.80% | +5.47% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -8.64% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 4.46% | -2.55% |
Volatility
CBUX.DE vs. ZPDU.DE - Volatility Comparison
The current volatility for iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) is 3.92%, while SPDR S&P US Utilities Select Sector UCITS ETF (ZPDU.DE) has a volatility of 5.03%. This indicates that CBUX.DE experiences smaller price fluctuations and is considered to be less risky than ZPDU.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 | ZPDU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 5.03% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 11.92% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 14.59% | -4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.93% | 16.99% | -5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 18.31% | -6.38% |
CBUX.DE vs. ZPDU.DE - Expense Ratio Comparison
CBUX.DE has a 0.65% expense ratio, which is higher than ZPDU.DE's 0.15% expense ratio.
Dividends
CBUX.DE vs. ZPDU.DE - Dividend Comparison
Neither CBUX.DE nor ZPDU.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUX.DE and ZPDU.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, ZPDU.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDU.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for CBUX.DE.
CBUX.DE tracks FTSE Global Core Infrastructure Index, while ZPDU.DE tracks S&P Utilities Select Sector. They also come from different issuers: iShares and State Street. Their fees differ too: 0.65% for CBUX.DE and 0.15% for ZPDU.DE.
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