FLPE.DE vs. CBUG.DE
FLPE.DE (FlexShares Listed Private Equity UCITS ETF USD Accumulating) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - FLPE.DE tracks the Foxberry Listed Private Equity SDG Screened Index while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, FLPE.DE returned 11.39%/yr vs 13.75%/yr for CBUG.DE. Their correlation of 0.80 suggests significant overlap in exposure. FLPE.DE charges 0.40%/yr vs 0.10%/yr for CBUG.DE.
Performance
FLPE.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLPE.DE achieves a -15.73% return, which is significantly lower than CBUG.DE's 14.43% return.
FLPE.DE
- 1D
- 3.44%
- 1M
- -1.04%
- YTD
- -15.73%
- 6M
- -13.02%
- 1Y
- -12.25%
- 3Y*
- 11.39%
- 5Y*
- —
- 10Y*
- —
CBUG.DE
- 1D
- 0.52%
- 1M
- 4.17%
- YTD
- 14.43%
- 6M
- 15.69%
- 1Y
- 28.51%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
FLPE.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLPE.DE FlexShares Listed Private Equity UCITS ETF USD Accumulating | -15.73% | -5.26% | 36.56% | 38.12% | -9.04% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 14.43% | 6.47% | 13.17% | 11.34% | -5.90% |
Correlation
The correlation between FLPE.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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2022 | 0.80 |
The correlation between FLPE.DE and CBUG.DE has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
FLPE.DE vs. CBUG.DE — Risk / Return Rank
FLPE.DE
CBUG.DE
FLPE.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Listed Private Equity UCITS ETF USD Accumulating (FLPE.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.
| FLPE.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.37 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 3.94 | -4.37 |
| Martin ratioReturn relative to average drawdown | -0.90 | 14.66 | -15.56 |
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
| FLPE.DE | CBUG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 2.04 | -2.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.42 | -0.10 |
Drawdowns
FLPE.DE vs. CBUG.DE - Drawdown Comparison
The maximum FLPE.DE drawdown since its inception was -32.40%, 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 FLPE.DE and CBUG.DE.
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Drawdown Indicators
| FLPE.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.40% | -24.59% | -7.81% |
Max Drawdown (1Y)Largest decline over 1 year | -28.14% | -7.21% | -20.93% |
Max Drawdown (3Y)Largest decline over 3 years | -32.40% | -24.59% | -7.81% |
Current DrawdownCurrent decline from peak | -25.84% | 0.00% | -25.84% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -7.48% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.63% | 1.94% | +11.69% |
Volatility
FLPE.DE vs. CBUG.DE - Volatility Comparison
FlexShares Listed Private Equity UCITS ETF USD Accumulating (FLPE.DE) has a higher volatility of 6.82% compared to iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) at 3.41%. This indicates that FLPE.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
| FLPE.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 3.41% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 9.78% | +7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.96% | 13.90% | +8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.83% | 16.71% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 16.71% | +7.12% |
FLPE.DE vs. CBUG.DE - Expense Ratio Comparison
FLPE.DE has a 0.40% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
FLPE.DE vs. CBUG.DE - Dividend Comparison
Neither FLPE.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
FLPE.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 0.40% for FLPE.DE.
FLPE.DE tracks Foxberry Listed Private Equity SDG Screened Index, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: FlexShares and iShares. Their fees differ too: 0.40% for FLPE.DE and 0.10% for CBUG.DE.
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