EMEC.DE vs. CBUG.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - EMEC.DE tracks the ECPI Circular Economy Leaders Equity while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, EMEC.DE returned 12.08%/yr vs 15.67%/yr for CBUG.DE. Their correlation of 0.82 suggests significant overlap in exposure. EMEC.DE charges 0.30%/yr vs 0.10%/yr for CBUG.DE.
Performance
EMEC.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEC.DE achieves a 13.70% return, which is significantly lower than CBUG.DE's 18.13% return.
EMEC.DE
- 1D
- -0.13%
- 1M
- 3.62%
- YTD
- 13.70%
- 6M
- 14.54%
- 1Y
- 26.97%
- 3Y*
- 12.08%
- 5Y*
- 9.71%
- 10Y*
- —
CBUG.DE
- 1D
- 0.65%
- 1M
- 4.21%
- YTD
- 18.13%
- 6M
- 18.13%
- 1Y
- 33.69%
- 3Y*
- 15.67%
- 5Y*
- —
- 10Y*
- —
EMEC.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 13.70% | 5.93% | 10.84% | 19.49% | -12.90% | 1.52% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 18.13% | 6.50% | 13.10% | 11.25% | -14.07% | 2.02% |
Correlation
The correlation between EMEC.DE and CBUG.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.82 |
The correlation between EMEC.DE and CBUG.DE has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
EMEC.DE vs. CBUG.DE — Risk / Return Rank
EMEC.DE
CBUG.DE
EMEC.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.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.
| EMEC.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 4.63 | -1.26 |
| Martin ratioReturn relative to average drawdown | 11.83 | 17.68 | -5.85 |
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Drawdowns
EMEC.DE vs. CBUG.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.23%, 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 EMEC.DE and CBUG.DE.
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Drawdown Indicators
| EMEC.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.23% | -24.57% | -5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -7.24% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -20.82% | -24.57% | +3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.82% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -7.41% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.90% | +0.37% |
Volatility
EMEC.DE vs. CBUG.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) is 2.78%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.37%. This indicates that EMEC.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
| EMEC.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 3.37% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 10.00% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.23% | 13.98% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.10% | 16.66% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 16.66% | -0.72% |
EMEC.DE vs. CBUG.DE - Expense Ratio Comparison
EMEC.DE has a 0.30% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
EMEC.DE vs. CBUG.DE - Dividend Comparison
Neither EMEC.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEC.DE and CBUG.DE have a correlation of 0.76, 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 0.30% for EMEC.DE.
EMEC.DE tracks ECPI Circular Economy Leaders Equity, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.30% for EMEC.DE and 0.10% for CBUG.DE.
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