CIRC.DE vs. CBUI.DE
CIRC.DE (Rize Circular Economy Enablers UCITS ETF USD Accumulating) and CBUI.DE (iShares MSCI World Value Factor ESG UCITS ETF USD Acc) are both Global Equities funds - CIRC.DE tracks the MSCI ACWI NR USD while CBUI.DE tracks the MSCI World Value ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, CIRC.DE returned 5.99%/yr vs 21.76%/yr for CBUI.DE. A 0.74 correlation means they provide meaningful diversification when combined. CIRC.DE charges 0.45%/yr vs 0.30%/yr for CBUI.DE.
Performance
CIRC.DE vs. CBUI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CIRC.DE achieves a 6.63% return, which is significantly lower than CBUI.DE's 20.05% return.
CIRC.DE
- 1D
- 0.84%
- 1M
- 1.42%
- YTD
- 6.63%
- 6M
- 7.82%
- 1Y
- 10.44%
- 3Y*
- 5.99%
- 5Y*
- —
- 10Y*
- —
CBUI.DE
- 1D
- 0.22%
- 1M
- 8.37%
- YTD
- 20.05%
- 6M
- 22.81%
- 1Y
- 44.12%
- 3Y*
- 21.76%
- 5Y*
- —
- 10Y*
- —
CIRC.DE vs. CBUI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CIRC.DE Rize Circular Economy Enablers UCITS ETF USD Accumulating | 6.63% | -1.18% | 4.92% | 11.59% |
CBUI.DE iShares MSCI World Value Factor ESG UCITS ETF USD Acc | 20.05% | 20.98% | 13.82% | 11.94% |
Correlation
The correlation between CIRC.DE and CBUI.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2023 | 0.74 |
The correlation between CIRC.DE and CBUI.DE has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
CIRC.DE vs. CBUI.DE — Risk / Return Rank
CIRC.DE
CBUI.DE
CIRC.DE vs. CBUI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rize Circular Economy Enablers UCITS ETF USD Accumulating (CIRC.DE) and iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.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.
| CIRC.DE | CBUI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.60 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 6.92 | -5.89 |
| Martin ratioReturn relative to average drawdown | 3.05 | 26.41 | -23.37 |
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
| CIRC.DE | CBUI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 3.41 | -2.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.05 | -0.61 |
Drawdowns
CIRC.DE vs. CBUI.DE - Drawdown Comparison
The maximum CIRC.DE drawdown since its inception was -25.21%, which is greater than CBUI.DE's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for CIRC.DE and CBUI.DE.
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Drawdown Indicators
| CIRC.DE | CBUI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.21% | -19.48% | -5.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.07% | -6.34% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -25.21% | -19.48% | -5.73% |
Current DrawdownCurrent decline from peak | -5.12% | -0.22% | -4.90% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -3.23% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 1.67% | +1.75% |
Volatility
CIRC.DE vs. CBUI.DE - Volatility Comparison
Rize Circular Economy Enablers UCITS ETF USD Accumulating (CIRC.DE) and iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE) have volatilities of 3.89% and 3.73%, 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
| CIRC.DE | CBUI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 3.73% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 9.76% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 12.88% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 14.21% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 14.21% | +1.93% |
CIRC.DE vs. CBUI.DE - Expense Ratio Comparison
CIRC.DE has a 0.45% expense ratio, which is higher than CBUI.DE's 0.30% expense ratio.
Dividends
CIRC.DE vs. CBUI.DE - Dividend Comparison
Neither CIRC.DE nor CBUI.DE has paid dividends to shareholders.
Frequently Asked Questions
CIRC.DE and CBUI.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUI.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUI.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for CIRC.DE.
CIRC.DE tracks MSCI ACWI NR USD, while CBUI.DE tracks MSCI World Value ESG Reduced Carbon Target Select. They also come from different issuers: Davy and iShares. Their fees differ too: 0.45% for CIRC.DE and 0.30% for CBUI.DE.
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