ECLM.DE vs. CBUG.DE
ECLM.DE (HANetf iClima Global Decarbonisation Enablers UCITS ETF) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - ECLM.DE tracks the iClima Global Decarbonisation Enablers while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, ECLM.DE returned 1.64%/yr vs 14.10%/yr for CBUG.DE. Their correlation of 0.82 suggests significant overlap in exposure. ECLM.DE charges 0.65%/yr vs 0.10%/yr for CBUG.DE.
Performance
ECLM.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECLM.DE achieves a 11.85% return, which is significantly lower than CBUG.DE's 16.79% return.
ECLM.DE
- 1D
- 0.00%
- 1M
- -3.85%
- 6M
- 5.54%
- YTD
- 11.85%
- 1Y
- 24.86%
- 3Y*
- 1.64%
- 5Y*
- -2.06%
- 10Y*
- —
CBUG.DE
- 1D
- 0.33%
- 1M
- 0.66%
- 6M
- 10.07%
- YTD
- 16.79%
- 1Y
- 30.77%
- 3Y*
- 14.10%
- 5Y*
- —
- 10Y*
- —
ECLM.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ECLM.DE HANetf iClima Global Decarbonisation Enablers UCITS ETF | 11.85% | 12.83% | -11.47% | 1.02% | -23.37% | -0.66% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 16.79% | 6.50% | 13.10% | 11.25% | -14.07% | 2.02% |
Correlation
The correlation between ECLM.DE and CBUG.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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.82 |
The correlation between ECLM.DE and CBUG.DE has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.
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Return for Risk
ECLM.DE vs. CBUG.DE — Risk / Return Rank
ECLM.DE
CBUG.DE
ECLM.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.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.
| ECLM.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 4.23 | -2.97 |
| Martin ratioReturn relative to average drawdown | 2.42 | 15.83 | -13.41 |
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Drawdowns
ECLM.DE vs. CBUG.DE - Drawdown Comparison
The maximum ECLM.DE drawdown since its inception was -49.88%, 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 ECLM.DE and CBUG.DE.
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Drawdown Indicators
| ECLM.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.88% | -24.57% | -25.31% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -7.24% | -12.53% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -24.57% | -11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -49.88% | — | — |
Current DrawdownCurrent decline from peak | -20.70% | -2.08% | -18.62% |
Average DrawdownAverage peak-to-trough decline | -24.09% | -7.33% | -16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.26% | 1.94% | +8.32% |
Volatility
ECLM.DE vs. CBUG.DE - Volatility Comparison
HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE) has a higher volatility of 6.41% compared to iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) at 3.78%. This indicates that ECLM.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
| ECLM.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 3.78% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 10.23% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.30% | 14.19% | +15.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.23% | 16.63% | +6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.37% | 16.63% | +7.74% |
ECLM.DE vs. CBUG.DE - Expense Ratio Comparison
ECLM.DE has a 0.65% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
ECLM.DE vs. CBUG.DE - Dividend Comparison
Neither ECLM.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
ECLM.DE and CBUG.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, 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 0.65% for ECLM.DE.
ECLM.DE tracks iClima Global Decarbonisation Enablers, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: HANetf and iShares. Their fees differ too: 0.65% for ECLM.DE and 0.10% for CBUG.DE.
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