DX2E.DE vs. CBUG.DE
DX2E.DE (Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc)) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - DX2E.DE tracks the S&P Global Infrastructure Net Total Return Index while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, DX2E.DE returned 14.71%/yr vs 13.21%/yr for CBUG.DE. A 0.57 correlation means they provide meaningful diversification when combined. DX2E.DE charges 0.60%/yr vs 0.10%/yr for CBUG.DE.
Performance
DX2E.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2E.DE achieves a 13.51% return, which is significantly lower than CBUG.DE's 15.46% return.
DX2E.DE
- 1D
- 0.62%
- 1M
- 2.05%
- 6M
- 11.14%
- YTD
- 13.51%
- 1Y
- 19.02%
- 3Y*
- 14.71%
- 5Y*
- 11.27%
- 10Y*
- 7.29%
CBUG.DE
- 1D
- -1.14%
- 1M
- -0.82%
- 6M
- 9.01%
- YTD
- 15.46%
- 1Y
- 25.78%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
DX2E.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DX2E.DE Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) | 13.51% | 7.67% | 20.50% | 1.50% | 5.79% | 3.11% |
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 DX2E.DE and CBUG.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.57 |
Over the past year, the correlation between DX2E.DE and CBUG.DE has dropped to 0.31 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
DX2E.DE vs. CBUG.DE — Risk / Return Rank
DX2E.DE
CBUG.DE
DX2E.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) (DX2E.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.
| DX2E.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 3.54 | +0.41 |
| Martin ratioReturn relative to average drawdown | 9.83 | 13.20 | -3.37 |
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Drawdowns
DX2E.DE vs. CBUG.DE - Drawdown Comparison
The maximum DX2E.DE drawdown since its inception was -63.84%, 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 DX2E.DE and CBUG.DE.
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Drawdown Indicators
| DX2E.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.84% | -24.57% | -39.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.79% | -7.24% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -24.57% | +9.98% |
Max Drawdown (5Y)Largest decline over 5 years | -19.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.15% | — | — |
Current DrawdownCurrent decline from peak | -0.75% | -3.20% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -18.81% | -7.33% | -11.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.95% | -0.02% |
Volatility
DX2E.DE vs. CBUG.DE - Volatility Comparison
The current volatility for Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) (DX2E.DE) is 2.82%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.96%. This indicates that DX2E.DE experiences smaller price fluctuations and is considered to be less risky 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
| DX2E.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 3.96% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 10.22% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.79% | 14.13% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.20% | 16.64% | -4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 16.64% | -1.89% |
DX2E.DE vs. CBUG.DE - Expense Ratio Comparison
DX2E.DE has a 0.60% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
DX2E.DE vs. CBUG.DE - Dividend Comparison
Neither DX2E.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2E.DE and CBUG.DE have a correlation of 0.31, 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 0.60% for DX2E.DE.
DX2E.DE tracks S&P Global Infrastructure Net Total Return Index, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.60% for DX2E.DE and 0.10% for CBUG.DE.
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