IS3S.DE vs. CBUG.DE
IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds from iShares - IS3S.DE tracks the MSCI World Enhanced Value while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, IS3S.DE returned 27.73%/yr vs 15.67%/yr for CBUG.DE. Their correlation of 0.83 suggests significant overlap in exposure. IS3S.DE charges 0.30%/yr vs 0.10%/yr for CBUG.DE.
Performance
IS3S.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3S.DE achieves a 37.78% return, which is significantly higher than CBUG.DE's 18.13% return.
IS3S.DE
- 1D
- 2.00%
- 1M
- 3.98%
- YTD
- 37.78%
- 6M
- 38.89%
- 1Y
- 67.75%
- 3Y*
- 27.73%
- 5Y*
- 17.86%
- 10Y*
- 13.48%
CBUG.DE
- 1D
- 0.65%
- 1M
- 4.21%
- YTD
- 18.13%
- 6M
- 18.13%
- 1Y
- 33.69%
- 3Y*
- 15.67%
- 5Y*
- —
- 10Y*
- —
IS3S.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 37.78% | 25.13% | 11.36% | 15.62% | -4.81% | 3.46% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 18.13% | 6.50% | 13.10% | 11.25% | -14.07% | 2.02% |
Correlation
The correlation between IS3S.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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.83 |
The correlation between IS3S.DE and CBUG.DE has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
IS3S.DE vs. CBUG.DE — Risk / Return Rank
IS3S.DE
CBUG.DE
IS3S.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF (IS3S.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.
| IS3S.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.43 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 11.06 | 4.63 | +6.43 |
| Martin ratioReturn relative to average drawdown | 40.06 | 17.68 | +22.37 |
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Drawdowns
IS3S.DE vs. CBUG.DE - Drawdown Comparison
The maximum IS3S.DE drawdown since its inception was -35.19%, 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 IS3S.DE and CBUG.DE.
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Drawdown Indicators
| IS3S.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.19% | -24.57% | -10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -7.24% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -24.57% | +6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.19% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -7.41% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.90% | -0.21% |
Volatility
IS3S.DE vs. CBUG.DE - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a higher volatility of 5.55% compared to iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) at 3.37%. This indicates that IS3S.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
| IS3S.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 3.37% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 10.00% | +2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 13.98% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 16.66% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 16.66% | -0.02% |
IS3S.DE vs. CBUG.DE - Expense Ratio Comparison
IS3S.DE has a 0.30% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
IS3S.DE vs. CBUG.DE - Dividend Comparison
Neither IS3S.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3S.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 0.30% for IS3S.DE.
IS3S.DE tracks MSCI World Enhanced Value, while CBUG.DE tracks MSCI ACWI SMID NR USD. Their fees differ too: 0.30% for IS3S.DE and 0.10% for CBUG.DE.
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