IBCH.DE vs. CBUG.DE
IBCH.DE (iShares MSCI World EUR Hedged UCITS ETF Accumulating) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds from iShares - IBCH.DE tracks the MSCI World 100% Hedged to EUR Net while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, IBCH.DE returned 18.41%/yr vs 13.75%/yr for CBUG.DE. Their correlation of 0.83 suggests significant overlap in exposure. IBCH.DE charges 0.55%/yr vs 0.10%/yr for CBUG.DE.
Performance
IBCH.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCH.DE achieves a 8.84% return, which is significantly lower than CBUG.DE's 14.43% return.
IBCH.DE
- 1D
- 0.09%
- 1M
- 2.82%
- YTD
- 8.84%
- 6M
- 9.58%
- 1Y
- 23.44%
- 3Y*
- 18.41%
- 5Y*
- 10.57%
- 10Y*
- 11.23%
CBUG.DE
- 1D
- 0.52%
- 1M
- 2.87%
- YTD
- 14.43%
- 6M
- 15.29%
- 1Y
- 28.47%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
IBCH.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBCH.DE iShares MSCI World EUR Hedged UCITS ETF Accumulating | 8.84% | 16.80% | 19.60% | 21.25% | -18.84% | 3.68% |
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 IBCH.DE and CBUG.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.83 |
The correlation between IBCH.DE and CBUG.DE has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
IBCH.DE vs. CBUG.DE — Risk / Return Rank
IBCH.DE
CBUG.DE
IBCH.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.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.
| IBCH.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 3.94 | -0.90 |
| Martin ratioReturn relative to average drawdown | 13.04 | 14.66 | -1.62 |
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
| IBCH.DE | CBUG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.04 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.42 | +0.22 |
Drawdowns
IBCH.DE vs. CBUG.DE - Drawdown Comparison
The maximum IBCH.DE drawdown since its inception was -33.56%, 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 IBCH.DE and CBUG.DE.
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Drawdown Indicators
| IBCH.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.56% | -24.59% | -8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -7.21% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -24.59% | +7.01% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | 0.00% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -7.48% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.94% | -0.12% |
Volatility
IBCH.DE vs. CBUG.DE - Volatility Comparison
The current volatility for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) is 2.94%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.41%. This indicates that IBCH.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
| IBCH.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 3.41% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 9.78% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 13.90% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 16.71% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 16.71% | -1.39% |
IBCH.DE vs. CBUG.DE - Expense Ratio Comparison
IBCH.DE has a 0.55% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
IBCH.DE vs. CBUG.DE - Dividend Comparison
Neither IBCH.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCH.DE and CBUG.DE have a correlation of 0.78, 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 0.55% for IBCH.DE.
IBCH.DE tracks MSCI World 100% Hedged to EUR Net, while CBUG.DE tracks MSCI ACWI SMID NR USD. Their fees differ too: 0.55% for IBCH.DE and 0.10% for CBUG.DE.
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