IQSE.DE vs. CBUG.DE
IQSE.DE (Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds. IQSE.DE is actively managed, while CBUG.DE is passively managed. Over the past 3 years, IQSE.DE returned 21.30%/yr vs 13.21%/yr for CBUG.DE. Their correlation of 0.81 suggests significant overlap in exposure. IQSE.DE charges 0.30%/yr vs 0.10%/yr for CBUG.DE.
Performance
IQSE.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQSE.DE achieves a 13.82% return, which is significantly lower than CBUG.DE's 15.46% return.
IQSE.DE
- 1D
- -0.98%
- 1M
- -1.04%
- 6M
- 11.60%
- YTD
- 13.82%
- 1Y
- 27.68%
- 3Y*
- 21.30%
- 5Y*
- 13.41%
- 10Y*
- —
CBUG.DE
- 1D
- -1.14%
- 1M
- -0.82%
- 6M
- 9.01%
- YTD
- 15.46%
- 1Y
- 25.78%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
IQSE.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IQSE.DE Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc | 13.82% | 19.02% | 24.13% | 22.41% | -14.80% | 2.73% |
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 IQSE.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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.81 |
The correlation between IQSE.DE and CBUG.DE has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
IQSE.DE vs. CBUG.DE — Risk / Return Rank
IQSE.DE
CBUG.DE
IQSE.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.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.
| IQSE.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.54 | -0.15 |
| Martin ratioReturn relative to average drawdown | 14.30 | 13.20 | +1.10 |
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Drawdowns
IQSE.DE vs. CBUG.DE - Drawdown Comparison
The maximum IQSE.DE drawdown since its inception was -33.78%, 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 IQSE.DE and CBUG.DE.
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Drawdown Indicators
| IQSE.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -24.57% | -9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -7.24% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -24.57% | +6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -3.20% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -7.33% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.95% | -0.02% |
Volatility
IQSE.DE vs. CBUG.DE - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.DE) is 3.49%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.96%. This indicates that IQSE.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
| IQSE.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 3.96% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 10.22% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 14.13% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 16.64% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 16.64% | +0.92% |
IQSE.DE vs. CBUG.DE - Expense Ratio Comparison
IQSE.DE has a 0.30% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
IQSE.DE vs. CBUG.DE - Dividend Comparison
Neither IQSE.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSE.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 0.30% for IQSE.DE.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for IQSE.DE and 0.10% for CBUG.DE.
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