EMEC.DE vs. CBUI.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and CBUI.DE (iShares MSCI World Value Factor ESG UCITS ETF USD Acc) are both Global Equities funds - EMEC.DE tracks the ECPI Circular Economy Leaders Equity while CBUI.DE tracks the MSCI World Value ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, EMEC.DE returned 11.29%/yr vs 21.76%/yr for CBUI.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
EMEC.DE vs. CBUI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEC.DE achieves a 10.95% return, which is significantly lower than CBUI.DE's 20.05% return.
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
CBUI.DE
- 1D
- 0.22%
- 1M
- 8.37%
- YTD
- 20.05%
- 6M
- 22.81%
- 1Y
- 44.12%
- 3Y*
- 21.76%
- 5Y*
- —
- 10Y*
- —
EMEC.DE vs. CBUI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 6.98% |
CBUI.DE iShares MSCI World Value Factor ESG UCITS ETF USD Acc | 20.05% | 20.98% | 13.82% | 15.94% | -6.30% | 6.27% |
Correlation
The correlation between EMEC.DE and CBUI.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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.86 |
The correlation between EMEC.DE and CBUI.DE shifts across timeframes, from 0.76 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMEC.DE vs. CBUI.DE — Risk / Return Rank
EMEC.DE
CBUI.DE
EMEC.DE vs. CBUI.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 MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.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.
| EMEC.DE | CBUI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.60 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 6.92 | -4.28 |
| Martin ratioReturn relative to average drawdown | 9.05 | 26.41 | -17.36 |
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
| EMEC.DE | CBUI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 3.41 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.05 | -0.23 |
Drawdowns
EMEC.DE vs. CBUI.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.18%, which is greater than CBUI.DE's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for EMEC.DE and CBUI.DE.
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Drawdown Indicators
| EMEC.DE | CBUI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.18% | -19.48% | -10.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -6.34% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -19.48% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.22% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -3.23% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.67% | +0.65% |
Volatility
EMEC.DE vs. CBUI.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) is 3.47%, while iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE) has a volatility of 3.73%. This indicates that EMEC.DE experiences smaller price fluctuations and is considered to be less risky than CBUI.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 | CBUI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.73% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 9.76% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 12.88% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 14.21% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 14.21% | +1.79% |
EMEC.DE vs. CBUI.DE - Expense Ratio Comparison
Both EMEC.DE and CBUI.DE have an expense ratio of 0.30%.
Dividends
EMEC.DE vs. CBUI.DE - Dividend Comparison
Neither EMEC.DE nor CBUI.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEC.DE and CBUI.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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMEC.DE and CBUI.DE have the same expense ratio: 0.30% per year.
EMEC.DE tracks ECPI Circular Economy Leaders Equity, while CBUI.DE tracks MSCI World Value ESG Reduced Carbon Target Select. They also come from different issuers: BNP Paribas and iShares.
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