IQQW.DE vs. CBUG.DE
IQQW.DE (iShares MSCI World UCITS ETF USD (Dist)) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds from iShares - IQQW.DE tracks the MSCI World Index while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, IQQW.DE returned 17.21%/yr vs 13.21%/yr for CBUG.DE. Their correlation of 0.85 suggests significant overlap in exposure. IQQW.DE charges 0.50%/yr vs 0.10%/yr for CBUG.DE.
Performance
IQQW.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQW.DE achieves a 11.57% return, which is significantly lower than CBUG.DE's 15.46% return.
IQQW.DE
- 1D
- -1.06%
- 1M
- 0.57%
- 6M
- 8.68%
- YTD
- 11.57%
- 1Y
- 21.42%
- 3Y*
- 17.21%
- 5Y*
- 11.74%
- 10Y*
- 12.14%
CBUG.DE
- 1D
- -1.14%
- 1M
- -0.82%
- 6M
- 9.01%
- YTD
- 15.46%
- 1Y
- 25.78%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
IQQW.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IQQW.DE iShares MSCI World UCITS ETF USD (Dist) | 11.57% | 7.59% | 25.52% | 19.92% | -13.90% | 2.27% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 15.46% | 6.50% | 13.10% | 11.25% | -14.07% | 2.02% |
Correlation
The correlation between IQQW.DE and CBUG.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.85 |
The correlation between IQQW.DE and CBUG.DE has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
IQQW.DE vs. CBUG.DE — Risk / Return Rank
IQQW.DE
CBUG.DE
IQQW.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS ETF USD (Dist) (IQQW.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.
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.
| IQQW.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.54 | -0.31 |
| Martin ratioReturn relative to average drawdown | 12.83 | 13.20 | -0.37 |
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Drawdowns
IQQW.DE vs. CBUG.DE - Drawdown Comparison
The maximum IQQW.DE drawdown since its inception was -52.35%, which is greater than CBUG.DE's maximum drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for IQQW.DE and CBUG.DE.
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Drawdown Indicators
| IQQW.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.35% | -24.57% | -27.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -7.24% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -24.57% | +2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.65% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -3.20% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -7.33% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.95% | -0.28% |
Volatility
IQQW.DE vs. CBUG.DE - Volatility Comparison
The current volatility for iShares MSCI World UCITS ETF USD (Dist) (IQQW.DE) is 2.75%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.96%. This indicates that IQQW.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
| IQQW.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 3.96% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 10.22% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 14.13% | -2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 16.64% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 16.64% | -1.62% |
IQQW.DE vs. CBUG.DE - Expense Ratio Comparison
IQQW.DE has a 0.50% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
IQQW.DE vs. CBUG.DE - Dividend Comparison
IQQW.DE's dividend yield for the trailing twelve months is around 0.87%, while CBUG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQW.DE iShares MSCI World UCITS ETF USD (Dist) | 0.87% | 0.95% | 1.05% | 1.32% | 1.49% | 1.01% | 1.21% | 1.60% | 1.84% | 1.66% | 1.70% | 1.80% |
Frequently Asked Questions
IQQW.DE and CBUG.DE have a correlation of 0.79, 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 0.50% for IQQW.DE.
IQQW.DE tracks MSCI World Index, while CBUG.DE tracks MSCI ACWI SMID NR USD. Their fees differ too: 0.50% for IQQW.DE and 0.10% for CBUG.DE.
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