DX2D.DE vs. CBUG.DE
DX2D.DE (Xtrackers LPX Private Equity Swap UCITS ETF (Acc)) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - DX2D.DE tracks the LPX Major Market Index while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, DX2D.DE returned 7.19%/yr vs 13.21%/yr for CBUG.DE. A 0.79 correlation means they provide meaningful diversification when combined. DX2D.DE charges 0.70%/yr vs 0.10%/yr for CBUG.DE.
Performance
DX2D.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2D.DE achieves a -12.14% return, which is significantly lower than CBUG.DE's 15.46% return.
DX2D.DE
- 1D
- 0.32%
- 1M
- 1.32%
- 6M
- -15.16%
- YTD
- -12.14%
- 1Y
- -19.38%
- 3Y*
- 7.19%
- 5Y*
- 3.97%
- 10Y*
- 10.43%
CBUG.DE
- 1D
- -1.14%
- 1M
- -0.82%
- 6M
- 9.01%
- YTD
- 15.46%
- 1Y
- 25.78%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
DX2D.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DX2D.DE Xtrackers LPX Private Equity Swap UCITS ETF (Acc) | -12.14% | -10.95% | 31.41% | 40.37% | -29.92% | 1.63% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 15.46% | 6.50% | 13.10% | 11.25% | -14.07% | 2.02% |
Correlation
The correlation between DX2D.DE and CBUG.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.79 |
The correlation between DX2D.DE and CBUG.DE shifts across timeframes, from 0.67 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DX2D.DE vs. CBUG.DE — Risk / Return Rank
DX2D.DE
CBUG.DE
DX2D.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers LPX Private Equity Swap UCITS ETF (Acc) (DX2D.DE) and iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DX2D.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.87 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.33 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 3.54 | -4.25 |
| Martin ratioReturn relative to average drawdown | -1.21 | 13.20 | -14.41 |
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Drawdowns
DX2D.DE vs. CBUG.DE - Drawdown Comparison
The maximum DX2D.DE drawdown since its inception was -76.50%, which is greater than CBUG.DE's maximum drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for DX2D.DE and CBUG.DE.
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Drawdown Indicators
| DX2D.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.50% | -24.57% | -51.93% |
Max Drawdown (1Y)Largest decline over 1 year | -27.34% | -7.24% | -20.10% |
Max Drawdown (3Y)Largest decline over 3 years | -35.34% | -24.57% | -10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -36.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.24% | — | — |
Current DrawdownCurrent decline from peak | -28.21% | -3.20% | -25.01% |
Average DrawdownAverage peak-to-trough decline | -15.78% | -7.33% | -8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.83% | 1.95% | +13.88% |
Volatility
DX2D.DE vs. CBUG.DE - Volatility Comparison
Xtrackers LPX Private Equity Swap UCITS ETF (Acc) (DX2D.DE) has a higher volatility of 5.48% compared to iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) at 3.96%. This indicates that DX2D.DE's price experiences larger fluctuations and is considered to be riskier than CBUG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DX2D.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 3.96% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 10.22% | +6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 14.13% | +6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.50% | 16.64% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.01% | 16.64% | +6.37% |
DX2D.DE vs. CBUG.DE - Expense Ratio Comparison
DX2D.DE has a 0.70% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
DX2D.DE vs. CBUG.DE - Dividend Comparison
Neither DX2D.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2D.DE and CBUG.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUG.DE is cheaper with a 0.10% expense ratio, compared with 0.70% for DX2D.DE.
DX2D.DE tracks LPX Major Market Index, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.70% for DX2D.DE and 0.10% for CBUG.DE.
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