CU31.L vs. XDEM.L
CU31.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) and XDEM.L (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - CU31.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index, while XDEM.L is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, CU31.L returned 2.48%/yr vs 16.78%/yr for XDEM.L. At a 0.20 correlation, their price movements are largely independent. CU31.L charges 0.07%/yr vs 0.25%/yr for XDEM.L.
Performance
CU31.L vs. XDEM.L - Performance Comparison
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Returns By Period
In the year-to-date period, CU31.L achieves a 0.66% return, which is significantly lower than XDEM.L's 22.38% return. Over the past 10 years, CU31.L has underperformed XDEM.L with an annualized return of 2.48%, while XDEM.L has yielded a comparatively higher 16.78% annualized return.
CU31.L
- 1D
- 0.11%
- 1M
- 1.13%
- YTD
- 0.66%
- 6M
- 0.30%
- 1Y
- 4.42%
- 3Y*
- 1.49%
- 5Y*
- 2.92%
- 10Y*
- 2.48%
XDEM.L
- 1D
- -0.65%
- 1M
- 9.10%
- YTD
- 22.38%
- 6M
- 22.80%
- 1Y
- 35.27%
- 3Y*
- 26.31%
- 5Y*
- 14.93%
- 10Y*
- 16.78%
CU31.L vs. XDEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CU31.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.66% | -1.98% | 5.81% | -1.58% | 7.82% | 0.48% | -0.40% | 0.29% | 7.25% | -8.69% |
XDEM.L Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 22.38% | 12.52% | 32.87% | 5.88% | -8.06% | 15.61% | 24.14% | 23.37% | 2.28% | 20.40% |
Correlation
The correlation between CU31.L and XDEM.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2014 | 0.20 |
The correlation between CU31.L and XDEM.L shifts across timeframes, from -0.06 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CU31.L vs. XDEM.L — Risk / Return Rank
CU31.L
XDEM.L
CU31.L vs. XDEM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) and Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L). 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.
| CU31.L | XDEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.40 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 3.90 | -2.92 |
| Martin ratioReturn relative to average drawdown | 2.47 | 15.18 | -12.71 |
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
| CU31.L | XDEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 2.17 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.91 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 1.00 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.97 | -0.69 |
Drawdowns
CU31.L vs. XDEM.L - Drawdown Comparison
The maximum CU31.L drawdown since its inception was -18.80%, smaller than the maximum XDEM.L drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for CU31.L and XDEM.L.
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Drawdown Indicators
| CU31.L | XDEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -22.42% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -9.01% | +4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -8.91% | -19.99% | +11.08% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -20.13% | +3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -18.80% | -22.42% | +3.62% |
Current DrawdownCurrent decline from peak | -7.61% | -0.65% | -6.96% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -4.99% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.32% | -0.54% |
Volatility
CU31.L vs. XDEM.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) is 1.63%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) has a volatility of 5.84%. This indicates that CU31.L experiences smaller price fluctuations and is considered to be less risky than XDEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CU31.L | XDEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 5.84% | -4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 13.78% | -9.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 16.17% | -10.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 16.41% | -8.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 16.80% | -7.61% |
CU31.L vs. XDEM.L - Expense Ratio Comparison
CU31.L has a 0.07% expense ratio, which is lower than XDEM.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CU31.L vs. XDEM.L - Dividend Comparison
Neither CU31.L nor XDEM.L has paid dividends to shareholders.
Frequently Asked Questions
CU31.L and XDEM.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CU31.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CU31.L is cheaper with a 0.07% expense ratio, compared with 0.25% for XDEM.L.
CU31.L is categorized as Government Bonds, while XDEM.L is Momentum. CU31.L tracks ICE US Treasury 1-3 Year Index, while XDEM.L tracks MSCI World Momentum Index. They also come from different issuers: iShares and DWS. Their fees differ too: 0.07% for CU31.L and 0.25% for XDEM.L.
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