IWLE.DE vs. CBUH.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) are both exchange-traded funds - IWLE.DE is a Global Equities fund tracking the MSCI World Net TR Index, while CBUH.DE is a Momentum fund tracking the MSCI World Momentum ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, IWLE.DE returned 17.76%/yr vs 24.20%/yr for CBUH.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IWLE.DE vs. CBUH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly lower than CBUH.DE's 26.83% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
CBUH.DE
- 1D
- 0.41%
- 1M
- 3.26%
- YTD
- 26.83%
- 6M
- 27.05%
- 1Y
- 37.88%
- 3Y*
- 24.20%
- 5Y*
- —
- 10Y*
- —
IWLE.DE vs. CBUH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 2.99% |
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 26.83% | 7.89% | 28.81% | 13.46% | -16.89% | 1.62% |
Correlation
The correlation between IWLE.DE and CBUH.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.78 |
The correlation between IWLE.DE and CBUH.DE shifts across timeframes, from 0.60 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWLE.DE vs. CBUH.DE — Risk / Return Rank
IWLE.DE
CBUH.DE
IWLE.DE vs. CBUH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.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.
| IWLE.DE | CBUH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.41 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.97 | -1.40 |
| Martin ratioReturn relative to average drawdown | 11.25 | 16.41 | -5.16 |
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Drawdowns
IWLE.DE vs. CBUH.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, which is greater than CBUH.DE's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and CBUH.DE.
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Drawdown Indicators
| IWLE.DE | CBUH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -22.65% | -10.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -9.51% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -22.65% | +5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | -0.68% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -8.50% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.30% | -0.46% |
Volatility
IWLE.DE vs. CBUH.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) is 4.07%, while iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) has a volatility of 4.81%. This indicates that IWLE.DE experiences smaller price fluctuations and is considered to be less risky than CBUH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | CBUH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 4.81% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 13.71% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 16.52% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 17.03% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 17.03% | -0.27% |
IWLE.DE vs. CBUH.DE - Expense Ratio Comparison
Both IWLE.DE and CBUH.DE have an expense ratio of 0.30%.
Dividends
IWLE.DE vs. CBUH.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while CBUH.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
Frequently Asked Questions
IWLE.DE and CBUH.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWLE.DE and CBUH.DE have the same expense ratio: 0.30% per year.
IWLE.DE is categorized as Global Equities, while CBUH.DE is Momentum. IWLE.DE tracks MSCI World Net TR Index, while CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select.
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