IWLE.DE vs. CBUX.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - IWLE.DE is a Global Equities fund tracking the MSCI World Net TR Index, while CBUX.DE is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 3 years, IWLE.DE returned 17.76%/yr vs 10.54%/yr for CBUX.DE. At a 0.22 correlation, their price movements are largely independent. IWLE.DE charges 0.30%/yr vs 0.65%/yr for CBUX.DE.
Performance
IWLE.DE vs. CBUX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly lower than CBUX.DE's 14.81% 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*
- —
CBUX.DE
- 1D
- 0.49%
- 1M
- 1.14%
- YTD
- 14.81%
- 6M
- 15.89%
- 1Y
- 20.39%
- 3Y*
- 10.54%
- 5Y*
- —
- 10Y*
- —
IWLE.DE vs. CBUX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 16.92% |
CBUX.DE iShares Global Infrastructure UCITS ETF USD (Acc) | 14.81% | 0.75% | 14.53% | -1.47% |
Correlation
The correlation between IWLE.DE and CBUX.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2023 | 0.22 |
The correlation between IWLE.DE and CBUX.DE shifts across timeframes, from -0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWLE.DE vs. CBUX.DE — Risk / Return Rank
IWLE.DE
CBUX.DE
IWLE.DE vs. CBUX.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 Global Infrastructure UCITS ETF USD (Acc) (CBUX.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 | CBUX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 4.81 | -2.24 |
| Martin ratioReturn relative to average drawdown | 11.25 | 10.96 | +0.30 |
Loading charts...
Drawdowns
IWLE.DE vs. CBUX.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, which is greater than CBUX.DE's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and CBUX.DE.
Loading charts...
Drawdown Indicators
| IWLE.DE | CBUX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -14.96% | -17.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -4.22% | -3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -14.96% | -2.64% |
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% | -3.77% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.86% | -0.02% |
Volatility
IWLE.DE vs. CBUX.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) is 4.07%, while iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) has a volatility of 4.49%. This indicates that IWLE.DE experiences smaller price fluctuations and is considered to be less risky than CBUX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWLE.DE | CBUX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 4.49% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 8.95% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 10.72% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 11.99% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 11.99% | +4.77% |
IWLE.DE vs. CBUX.DE - Expense Ratio Comparison
IWLE.DE has a 0.30% expense ratio, which is lower than CBUX.DE's 0.65% expense ratio.
Dividends
IWLE.DE vs. CBUX.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while CBUX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBUX.DE iShares Global Infrastructure 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 CBUX.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWLE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWLE.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for CBUX.DE.
IWLE.DE is categorized as Global Equities, while CBUX.DE is Utilities Equities. IWLE.DE tracks MSCI World Net TR Index, while CBUX.DE tracks FTSE Global Core Infrastructure Index. Their fees differ too: 0.30% for IWLE.DE and 0.65% for CBUX.DE.
Find the right allocation for IWLE.DE and CBUX.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer