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EXXX.DE vs. CBUD.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EXXX.DE vs. CBUD.DE

Last updated Jul 16, 2026
Documentation

EXXX.DE (iShares ATX UCITS ETF (DE)) and CBUD.DE (iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)) are both Europe Equities funds from iShares - EXXX.DE tracks the ATX Index while CBUD.DE tracks the MSCI Europe SRI Select Reduced Fossil Fuel Index (EUR Hedged). Both are passively managed. Over the past 3 years, EXXX.DE returned 31.23%/yr vs 7.92%/yr for CBUD.DE. At a 0.46 correlation, their price movements are largely independent.

Performance

EXXX.DE vs. CBUD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares ATX UCITS ETF (DE) (EXXX.DE) and iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) (CBUD.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EXXX.DE achieves a 24.87% return, which is significantly higher than CBUD.DE's 9.94% return.

EXXX.DE

1D
-0.33%
1M
1.29%
6M
22.20%
YTD
24.87%
1Y
48.74%
3Y*
31.23%
5Y*
17.90%
10Y*
14.37%

CBUD.DE

1D
0.00%
1M
1.59%
6M
7.48%
YTD
9.94%
1Y
11.41%
3Y*
7.92%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EXXX.DE vs. CBUD.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
EXXX.DE
iShares ATX UCITS ETF (DE)		24.87%51.31%10.39%13.71%-16.43%12.17%
CBUD.DE
iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)		9.94%4.27%4.94%14.94%-14.16%6.58%

Correlation

The correlation between EXXX.DE and CBUD.DE is 0.60, 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

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (All Time)
Calculated using the full available price history since Jul 28, 2021

0.46

The correlation between EXXX.DE and CBUD.DE shifts across timeframes, from 0.46 (all time) to 0.61 (3 years), reflecting how their relationship changes across market environments.

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iShares ATX UCITS ETF (DE)

iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)

Often compared with EXXX.DE:
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Often compared with CBUD.DE:
CBUD.DE vs. XB4A.DECBUD.DE vs. LCUK.DECBUD.DE vs. IUSQ.DECBUD.DE vs. IS3N.DECBUD.DE vs. SC0D.DECBUD.DE vs. EUNA.DECBUD.DE vs. EUPE.DE

Return for Risk

EXXX.DE vs. CBUD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EXXX.DE
EXXX.DE Risk / Return Rank: 9191
Overall Rank
EXXX.DE Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
EXXX.DE Sortino Ratio Rank: 9494
Sortino Ratio Rank
EXXX.DE Omega Ratio Rank: 9090
Omega Ratio Rank
EXXX.DE Calmar Ratio Rank: 9191
Calmar Ratio Rank
EXXX.DE Martin Ratio Rank: 8888
Martin Ratio Rank
CBUD.DE
CBUD.DE Risk / Return Rank: 2828
Overall Rank
CBUD.DE Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
CBUD.DE Sortino Ratio Rank: 2727
Sortino Ratio Rank
CBUD.DE Omega Ratio Rank: 2626
Omega Ratio Rank
CBUD.DE Calmar Ratio Rank: 2828
Calmar Ratio Rank
CBUD.DE Martin Ratio Rank: 3232
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXXX.DE vs. CBUD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ATX UCITS ETF (DE) (EXXX.DE) and iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) (CBUD.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.

EXXX.DECBUD.DEDifference
Sharpe ratioReturn per unit of total volatility
2.78
0.85

+1.93

Sortino ratioReturn per unit of downside risk
3.90
1.28

+2.62

Omega ratioGain probability vs. loss probability

1.47

1.16

+0.31

Calmar ratioReturn relative to maximum drawdown

4.53

1.15

+3.38

Martin ratioReturn relative to average drawdown

15.24

3.82

+11.42

EXXX.DE vs. CBUD.DE - Sharpe Ratio Comparison

The current EXXX.DE Sharpe Ratio is 2.78, which is higher than the CBUD.DE Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of EXXX.DE and CBUD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EXXX.DE vs. CBUD.DE - Drawdown Comparison

The maximum EXXX.DE drawdown since its inception was -71.43%, which is greater than CBUD.DE's maximum drawdown of -23.10%. Use the drawdown chart below to compare losses from any high point for EXXX.DE and CBUD.DE.

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Drawdown Indicators

EXXX.DECBUD.DEDifference

Max Drawdown

Largest peak-to-trough decline

-71.43%

-23.10%

-48.33%

Max Drawdown (1Y)

Largest decline over 1 year

-10.71%

-9.85%

-0.86%

Max Drawdown (3Y)

Largest decline over 3 years

-16.11%

-15.94%

-0.17%

Max Drawdown (5Y)

Largest decline over 5 years

-32.69%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-52.90%

—

—

Current Drawdown

Current decline from peak

-1.64%

-1.22%

-0.42%

Average Drawdown

Average peak-to-trough decline

-28.46%

-5.91%

-22.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.19%

2.98%

+0.21%

Volatility

EXXX.DE vs. CBUD.DE - Volatility Comparison

iShares ATX UCITS ETF (DE) (EXXX.DE) has a higher volatility of 5.00% compared to iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) (CBUD.DE) at 3.26%. This indicates that EXXX.DE's price experiences larger fluctuations and is considered to be riskier than CBUD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EXXX.DECBUD.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.00%

3.26%

+1.74%

Volatility (6M)

Calculated over the trailing 6-month period

14.65%

11.03%

+3.62%

Volatility (1Y)

Calculated over the trailing 1-year period

17.46%

13.35%

+4.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.14%

14.41%

+4.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.93%

14.41%

+5.52%

Dividends

EXXX.DE vs. CBUD.DE - Dividend Comparison

EXXX.DE's dividend yield for the trailing twelve months is around 2.95%, more than CBUD.DE's 1.93% yield.

PositionTTM20252024202320222021202020192018201720162015
CBUD.DE
iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)		1.93%2.09%2.43%2.45%2.57%0.38%0.00%0.00%0.00%0.00%0.00%0.00%
EXXX.DE
iShares ATX UCITS ETF (DE)		2.95%2.53%4.30%3.53%3.61%1.04%1.18%1.73%0.48%0.65%1.08%1.65%

Frequently Asked Questions

EXXX.DE and CBUD.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EXXX.DE tracks ATX Index, while CBUD.DE tracks MSCI Europe SRI Select Reduced Fossil Fuel Index (EUR Hedged).

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