PSWD.DE vs. CBUX.DE
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - PSWD.DE is a Global Equities fund tracking the FTSE RAFI All-World 3000, while CBUX.DE is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 3 years, PSWD.DE returned 18.93%/yr vs 8.47%/yr for CBUX.DE. A 0.54 correlation means they provide meaningful diversification when combined. PSWD.DE charges 0.39%/yr vs 0.65%/yr for CBUX.DE.
Performance
PSWD.DE vs. CBUX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PSWD.DE achieves a 16.46% return, which is significantly higher than CBUX.DE's 10.28% return.
PSWD.DE
- 1D
- -0.19%
- 1M
- 4.72%
- YTD
- 16.46%
- 6M
- 17.75%
- 1Y
- 32.88%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
CBUX.DE
- 1D
- -1.34%
- 1M
- -2.15%
- YTD
- 10.28%
- 6M
- 8.97%
- 1Y
- 12.32%
- 3Y*
- 8.47%
- 5Y*
- —
- 10Y*
- —
PSWD.DE vs. CBUX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 6.10% |
CBUX.DE iShares Global Infrastructure UCITS ETF USD (Acc) | 10.28% | 0.69% | 14.63% | -1.37% |
Correlation
The correlation between PSWD.DE and CBUX.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2023 | 0.54 |
The correlation between PSWD.DE and CBUX.DE shifts across timeframes, from 0.40 (1 year) to 0.54 (3 years), 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
PSWD.DE vs. CBUX.DE — Risk / Return Rank
PSWD.DE
CBUX.DE
PSWD.DE vs. CBUX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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.
| PSWD.DE | CBUX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.20 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 2.91 | +2.65 |
| Martin ratioReturn relative to average drawdown | 22.39 | 6.42 | +15.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PSWD.DE | CBUX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 1.18 | +1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.60 | +0.08 |
Drawdowns
PSWD.DE vs. CBUX.DE - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, which is greater than CBUX.DE's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and CBUX.DE.
Loading charts...
Drawdown Indicators
| PSWD.DE | CBUX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -14.94% | -21.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -4.22% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -14.94% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -3.33% | +3.02% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -3.81% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.91% | -0.45% |
Volatility
PSWD.DE vs. CBUX.DE - Volatility Comparison
The current volatility for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) is 3.08%, while iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) has a volatility of 3.92%. This indicates that PSWD.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
| PSWD.DE | CBUX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 3.92% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 8.63% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 10.36% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 11.93% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 11.93% | +3.26% |
PSWD.DE vs. CBUX.DE - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is lower than CBUX.DE's 0.65% expense ratio.
Dividends
PSWD.DE vs. CBUX.DE - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, while CBUX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
PSWD.DE and CBUX.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSWD.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSWD.DE is cheaper with a 0.39% expense ratio, compared with 0.65% for CBUX.DE.
PSWD.DE is categorized as Global Equities, while CBUX.DE is Utilities Equities. PSWD.DE tracks FTSE RAFI All-World 3000, while CBUX.DE tracks FTSE Global Core Infrastructure Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PSWD.DE and 0.65% for CBUX.DE.
Find the right allocation for PSWD.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