H41G.DE vs. CBUG.DE
H41G.DE (HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc)) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - H41G.DE tracks the MSCI World Small Cap SRI ESG Leaders Select while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, H41G.DE returned 12.01%/yr vs 13.75%/yr for CBUG.DE. With a 0.96 correlation, they move nearly in lockstep. H41G.DE charges 0.25%/yr vs 0.10%/yr for CBUG.DE.
Performance
H41G.DE vs. CBUG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, H41G.DE achieves a 12.22% return, which is significantly lower than CBUG.DE's 14.43% return.
H41G.DE
- 1D
- 0.61%
- 1M
- 2.87%
- YTD
- 12.22%
- 6M
- 13.07%
- 1Y
- 23.63%
- 3Y*
- 12.01%
- 5Y*
- —
- 10Y*
- —
CBUG.DE
- 1D
- 0.52%
- 1M
- 2.87%
- YTD
- 14.43%
- 6M
- 15.29%
- 1Y
- 28.47%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
H41G.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H41G.DE HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) | 12.22% | 3.96% | 12.21% | 11.87% | -2.26% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 14.43% | 6.47% | 13.17% | 11.34% | -2.55% |
Correlation
The correlation between H41G.DE and CBUG.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022 | 0.96 |
The correlation between H41G.DE and CBUG.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
H41G.DE vs. CBUG.DE — Risk / Return Rank
H41G.DE
CBUG.DE
H41G.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) (H41G.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.
| H41G.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.94 | -1.05 |
| Martin ratioReturn relative to average drawdown | 10.99 | 14.66 | -3.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| H41G.DE | CBUG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.04 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.42 | +0.24 |
Drawdowns
H41G.DE vs. CBUG.DE - Drawdown Comparison
The maximum H41G.DE drawdown since its inception was -24.84%, roughly equal to the maximum CBUG.DE drawdown of -24.59%. Use the drawdown chart below to compare losses from any high point for H41G.DE and CBUG.DE.
Loading charts...
Drawdown Indicators
| H41G.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.84% | -24.59% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -7.21% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -24.84% | -24.59% | -0.25% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -7.48% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.94% | +0.20% |
Volatility
H41G.DE vs. CBUG.DE - Volatility Comparison
HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) (H41G.DE) and iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) have volatilities of 3.35% and 3.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| H41G.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 3.41% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 9.78% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 13.90% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 16.71% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 16.71% | -1.00% |
H41G.DE vs. CBUG.DE - Expense Ratio Comparison
H41G.DE has a 0.25% 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
H41G.DE vs. CBUG.DE - Dividend Comparison
Neither H41G.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, H41G.DE and CBUG.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.25% for H41G.DE.
H41G.DE tracks MSCI World Small Cap SRI ESG Leaders Select, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.25% for H41G.DE and 0.10% for CBUG.DE.
Find the right allocation for H41G.DE and CBUG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer