DBX4.DE vs. CBUH.DE
DBX4.DE (Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF) and CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) are both exchange-traded funds - DBX4.DE is a ESG fund tracking the MSCI EM EMEA Low Carbon SRI Selection Capped Index, while CBUH.DE is a Momentum fund tracking the MSCI World Momentum ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, DBX4.DE returned 18.40%/yr vs 22.30%/yr for CBUH.DE. A 0.50 correlation means they provide meaningful diversification when combined. DBX4.DE charges 0.65%/yr vs 0.30%/yr for CBUH.DE.
Performance
DBX4.DE vs. CBUH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBX4.DE achieves a 2.42% return, which is significantly lower than CBUH.DE's 22.41% return.
DBX4.DE
- 1D
- -0.48%
- 1M
- -1.71%
- YTD
- 2.42%
- 6M
- 7.63%
- 1Y
- 22.53%
- 3Y*
- 18.40%
- 5Y*
- 8.89%
- 10Y*
- 6.92%
CBUH.DE
- 1D
- -0.51%
- 1M
- 3.26%
- YTD
- 22.41%
- 6M
- 23.42%
- 1Y
- 31.50%
- 3Y*
- 22.30%
- 5Y*
- —
- 10Y*
- —
DBX4.DE vs. CBUH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DBX4.DE Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF | 2.42% | 26.97% | 16.81% | 0.20% | 1.24% | -0.41% |
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 22.41% | 7.97% | 28.91% | 13.46% | -17.00% | 0.41% |
Correlation
The correlation between DBX4.DE and CBUH.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.50 |
The correlation between DBX4.DE and CBUH.DE has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
DBX4.DE vs. CBUH.DE — Risk / Return Rank
DBX4.DE
CBUH.DE
DBX4.DE vs. CBUH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF (DBX4.DE) and iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.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.
| DBX4.DE | CBUH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.38 | -1.84 |
| Martin ratioReturn relative to average drawdown | 4.76 | 13.99 | -9.23 |
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
| DBX4.DE | CBUH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.99 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.64 | -0.53 |
Drawdowns
DBX4.DE vs. CBUH.DE - Drawdown Comparison
The maximum DBX4.DE drawdown since its inception was -60.48%, which is greater than CBUH.DE's maximum drawdown of -22.61%. Use the drawdown chart below to compare losses from any high point for DBX4.DE and CBUH.DE.
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Drawdown Indicators
| DBX4.DE | CBUH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.48% | -22.61% | -37.87% |
Max Drawdown (1Y)Largest decline over 1 year | -14.73% | -9.39% | -5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -22.61% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.52% | — | — |
Current DrawdownCurrent decline from peak | -7.60% | -0.51% | -7.09% |
Average DrawdownAverage peak-to-trough decline | -16.01% | -8.55% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 2.27% | +2.50% |
Volatility
DBX4.DE vs. CBUH.DE - Volatility Comparison
Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF (DBX4.DE) has a higher volatility of 5.72% compared to iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) at 4.80%. This indicates that DBX4.DE's price experiences larger fluctuations and is considered to be riskier than CBUH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBX4.DE | CBUH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 4.80% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 17.36% | 13.32% | +4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.09% | 15.96% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 16.91% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.86% | 16.91% | +3.95% |
DBX4.DE vs. CBUH.DE - Expense Ratio Comparison
DBX4.DE has a 0.65% expense ratio, which is higher than CBUH.DE's 0.30% expense ratio.
Dividends
DBX4.DE vs. CBUH.DE - Dividend Comparison
Neither DBX4.DE nor CBUH.DE has paid dividends to shareholders.
Frequently Asked Questions
DBX4.DE and CBUH.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUH.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for DBX4.DE.
DBX4.DE is categorized as ESG, while CBUH.DE is Momentum. DBX4.DE tracks MSCI EM EMEA Low Carbon SRI Selection Capped Index, while CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.65% for DBX4.DE and 0.30% for CBUH.DE.
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