ESGW.DE vs. CBUG.DE
ESGW.DE (Invesco MSCI World ESG Universal Screened UCITS ETF Acc) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - ESGW.DE tracks the MSCI World ESG Universal Select Business Screens while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, ESGW.DE returned 17.44%/yr vs 13.75%/yr for CBUG.DE. Their correlation of 0.85 suggests significant overlap in exposure. ESGW.DE charges 0.19%/yr vs 0.10%/yr for CBUG.DE.
Performance
ESGW.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESGW.DE achieves a 11.38% return, which is significantly lower than CBUG.DE's 14.43% return.
ESGW.DE
- 1D
- -0.28%
- 1M
- 5.22%
- YTD
- 11.38%
- 6M
- 11.89%
- 1Y
- 23.59%
- 3Y*
- 17.44%
- 5Y*
- 12.55%
- 10Y*
- —
CBUG.DE
- 1D
- 0.52%
- 1M
- 2.87%
- YTD
- 14.43%
- 6M
- 15.29%
- 1Y
- 28.47%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
ESGW.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGW.DE Invesco MSCI World ESG Universal Screened UCITS ETF Acc | 11.38% | 7.40% | 25.48% | 21.26% | -16.02% | 3.41% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 14.43% | 6.47% | 13.17% | 11.34% | -14.17% | 2.96% |
Correlation
The correlation between ESGW.DE and CBUG.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.85 |
The correlation between ESGW.DE and CBUG.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
ESGW.DE vs. CBUG.DE — Risk / Return Rank
ESGW.DE
CBUG.DE
ESGW.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGW.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.
| ESGW.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 3.94 | -0.53 |
| Martin ratioReturn relative to average drawdown | 13.42 | 14.66 | -1.24 |
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
| ESGW.DE | CBUG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 2.04 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.42 | +0.43 |
Drawdowns
ESGW.DE vs. CBUG.DE - Drawdown Comparison
The maximum ESGW.DE drawdown since its inception was -32.09%, which is greater than CBUG.DE's maximum drawdown of -24.59%. Use the drawdown chart below to compare losses from any high point for ESGW.DE and CBUG.DE.
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Drawdown Indicators
| ESGW.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.09% | -24.59% | -7.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -7.21% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -24.59% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -7.48% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.94% | -0.19% |
Volatility
ESGW.DE vs. CBUG.DE - Volatility Comparison
The current volatility for Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGW.DE) is 2.86%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.41%. This indicates that ESGW.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
| ESGW.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 3.41% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 9.78% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.60% | 13.90% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.32% | 16.71% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 16.71% | -0.47% |
ESGW.DE vs. CBUG.DE - Expense Ratio Comparison
ESGW.DE has a 0.19% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESGW.DE vs. CBUG.DE - Dividend Comparison
Neither ESGW.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
ESGW.DE and CBUG.DE have a correlation of 0.83, 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 0.19% for ESGW.DE.
ESGW.DE tracks MSCI World ESG Universal Select Business Screens, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ESGW.DE and 0.10% for CBUG.DE.
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