D5BB.DE vs. CBUS.DE
D5BB.DE (Xtrackers II Germany Government Bond UCITS ETF) and CBUS.DE (iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist) are both European Government Bonds funds - D5BB.DE tracks the iBoxx® EUR Germany while CBUS.DE tracks the FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged). Both are passively managed. Over the past 3 years, D5BB.DE returned 0.85%/yr vs 0.65%/yr for CBUS.DE. A 0.74 correlation means they provide meaningful diversification when combined. D5BB.DE charges 0.15%/yr vs 0.09%/yr for CBUS.DE.
Performance
D5BB.DE vs. CBUS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BB.DE achieves a -0.06% return, which is significantly higher than CBUS.DE's -1.94% return.
D5BB.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- -0.06%
- 6M
- -0.23%
- 1Y
- -0.99%
- 3Y*
- 0.85%
- 5Y*
- -3.03%
- 10Y*
- -1.28%
CBUS.DE
- 1D
- 0.20%
- 1M
- 0.46%
- YTD
- -1.94%
- 6M
- -1.87%
- 1Y
- 0.16%
- 3Y*
- 0.65%
- 5Y*
- —
- 10Y*
- —
D5BB.DE vs. CBUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | -0.06% | -1.48% | 0.17% | 5.19% | -2.18% |
CBUS.DE iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist | -1.94% | 3.15% | -5.02% | 2.14% | 5.57% |
Correlation
The correlation between D5BB.DE and CBUS.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2022 | 0.74 |
The correlation between D5BB.DE and CBUS.DE has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
D5BB.DE vs. CBUS.DE — Risk / Return Rank
D5BB.DE
CBUS.DE
D5BB.DE vs. CBUS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Germany Government Bond UCITS ETF (D5BB.DE) and iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.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.
| D5BB.DE | CBUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.01 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 0.02 | -0.50 |
| Martin ratioReturn relative to average drawdown | -1.00 | 0.04 | -1.04 |
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
| D5BB.DE | CBUS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 0.01 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.12 | +0.06 |
Drawdowns
D5BB.DE vs. CBUS.DE - Drawdown Comparison
The maximum D5BB.DE drawdown since its inception was -23.86%, which is greater than CBUS.DE's maximum drawdown of -12.79%. Use the drawdown chart below to compare losses from any high point for D5BB.DE and CBUS.DE.
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Drawdown Indicators
| D5BB.DE | CBUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.86% | -12.79% | -11.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -5.66% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -7.48% | +2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.86% | — | — |
Current DrawdownCurrent decline from peak | -19.30% | -7.94% | -11.36% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -7.22% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.18% | -0.79% |
Volatility
D5BB.DE vs. CBUS.DE - Volatility Comparison
The current volatility for Xtrackers II Germany Government Bond UCITS ETF (D5BB.DE) is 1.45%, while iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.DE) has a volatility of 2.39%. This indicates that D5BB.DE experiences smaller price fluctuations and is considered to be less risky than CBUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D5BB.DE | CBUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.39% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 4.93% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 6.13% | -2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 8.34% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 8.34% | -3.08% |
D5BB.DE vs. CBUS.DE - Expense Ratio Comparison
D5BB.DE has a 0.15% expense ratio, which is higher than CBUS.DE's 0.09% 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
D5BB.DE vs. CBUS.DE - Dividend Comparison
D5BB.DE's dividend yield for the trailing twelve months is around 1.70%, less than CBUS.DE's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBUS.DE iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist | 4.52% | 4.23% | 3.74% | 2.40% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | 1.70% | 1.58% | 1.36% | 1.13% | 1.79% | 1.15% | 0.00% | 0.00% | 0.00% | 0.56% | 0.00% | 0.77% |
Frequently Asked Questions
D5BB.DE and CBUS.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUS.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUS.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for D5BB.DE.
D5BB.DE tracks iBoxx® EUR Germany, while CBUS.DE tracks FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for D5BB.DE and 0.09% for CBUS.DE.
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