CBUY.DE vs. ETLQ.DE
CBUY.DE (iShares MSCI ACWI SRI UCITS ETF USD Acc) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - CBUY.DE tracks the MSCI ACWI SRI Select Reduced Fossil Fuel while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 3 years, CBUY.DE returned 13.96%/yr vs 17.73%/yr for ETLQ.DE. Their correlation of 0.93 suggests significant overlap in exposure. CBUY.DE charges 0.20%/yr vs 0.10%/yr for ETLQ.DE.
Performance
CBUY.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUY.DE achieves a 12.08% return, which is significantly higher than ETLQ.DE's 10.88% return.
CBUY.DE
- 1D
- 0.15%
- 1M
- 3.34%
- YTD
- 12.08%
- 6M
- 12.79%
- 1Y
- 21.71%
- 3Y*
- 13.96%
- 5Y*
- —
- 10Y*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
CBUY.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUY.DE iShares MSCI ACWI SRI UCITS ETF USD Acc | 12.08% | 4.79% | 18.71% | 14.35% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 17.35% |
Correlation
The correlation between CBUY.DE and ETLQ.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.93 |
The correlation between CBUY.DE and ETLQ.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
CBUY.DE vs. ETLQ.DE — Risk / Return Rank
CBUY.DE
ETLQ.DE
CBUY.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI SRI UCITS ETF USD Acc (CBUY.DE) and L&G Global Equity UCITS ETF (ETLQ.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.
| CBUY.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.56 | -0.69 |
| Martin ratioReturn relative to average drawdown | 10.71 | 14.23 | -3.52 |
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
| CBUY.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.13 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.93 | +0.24 |
Drawdowns
CBUY.DE vs. ETLQ.DE - Drawdown Comparison
The maximum CBUY.DE drawdown since its inception was -21.18%, smaller than the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for CBUY.DE and ETLQ.DE.
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Drawdown Indicators
| CBUY.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.18% | -33.38% | +12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -6.68% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -21.18% | -21.58% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.58% | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.34% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -4.33% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.68% | +0.34% |
Volatility
CBUY.DE vs. ETLQ.DE - Volatility Comparison
iShares MSCI ACWI SRI UCITS ETF USD Acc (CBUY.DE) has a higher volatility of 3.83% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that CBUY.DE's price experiences larger fluctuations and is considered to be riskier than ETLQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUY.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 2.68% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 7.77% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 11.18% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.42% | 14.06% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 15.74% | -2.32% |
CBUY.DE vs. ETLQ.DE - Expense Ratio Comparison
CBUY.DE has a 0.20% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CBUY.DE vs. ETLQ.DE - Dividend Comparison
Neither CBUY.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, CBUY.DE and ETLQ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for CBUY.DE.
CBUY.DE tracks MSCI ACWI SRI Select Reduced Fossil Fuel, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.20% for CBUY.DE and 0.10% for ETLQ.DE.
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