IWLE.DE vs. CBUI.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and CBUI.DE (iShares MSCI World Value Factor ESG UCITS ETF USD Acc) are both Global Equities funds from iShares - IWLE.DE tracks the MSCI World Net TR Index while CBUI.DE tracks the MSCI World Value ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, IWLE.DE returned 17.76%/yr vs 22.51%/yr for CBUI.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IWLE.DE vs. CBUI.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 CBUI.DE's 21.14% 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*
- —
CBUI.DE
- 1D
- 0.61%
- 1M
- 2.34%
- YTD
- 21.14%
- 6M
- 22.03%
- 1Y
- 45.53%
- 3Y*
- 22.51%
- 5Y*
- —
- 10Y*
- —
IWLE.DE vs. CBUI.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% |
CBUI.DE iShares MSCI World Value Factor ESG UCITS ETF USD Acc | 21.14% | 20.99% | 13.86% | 15.81% | -6.11% | 7.26% |
Correlation
The correlation between IWLE.DE and CBUI.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.78 |
The correlation between IWLE.DE and CBUI.DE shifts across timeframes, from 0.59 (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. CBUI.DE — Risk / Return Rank
IWLE.DE
CBUI.DE
IWLE.DE vs. CBUI.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 Value Factor ESG UCITS ETF USD Acc (CBUI.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 | CBUI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.61 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 7.20 | -4.63 |
| Martin ratioReturn relative to average drawdown | 11.25 | 27.62 | -16.37 |
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Drawdowns
IWLE.DE vs. CBUI.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, which is greater than CBUI.DE's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and CBUI.DE.
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Drawdown Indicators
| IWLE.DE | CBUI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -19.51% | -13.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -6.29% | -1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -19.51% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | 0.00% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -3.19% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.64% | +0.20% |
Volatility
IWLE.DE vs. CBUI.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE) at 3.22%. This indicates that IWLE.DE's price experiences larger fluctuations and is considered to be riskier than CBUI.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 | CBUI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 3.22% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 9.92% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 13.07% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 14.19% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 14.19% | +2.57% |
IWLE.DE vs. CBUI.DE - Expense Ratio Comparison
Both IWLE.DE and CBUI.DE have an expense ratio of 0.30%.
Dividends
IWLE.DE vs. CBUI.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while CBUI.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBUI.DE iShares MSCI World Value 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 CBUI.DE have a correlation of 0.59, 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 CBUI.DE have the same expense ratio: 0.30% per year.
IWLE.DE tracks MSCI World Net TR Index, while CBUI.DE tracks MSCI World Value ESG Reduced Carbon Target Select.
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