PUIG.DE vs. CBU0.DE
PUIG.DE (Invesco USD Corporate Bond UCITS ETF Dist) and CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) are both Corporate Bonds funds - PUIG.DE tracks the Bloomberg US Corp Bond TR USD while CBU0.DE tracks the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). Both are passively managed. Over the past 3 years, PUIG.DE returned 1.82%/yr vs 3.94%/yr for CBU0.DE. At a 0.36 correlation, their price movements are largely independent. PUIG.DE charges 0.10%/yr vs 0.25%/yr for CBU0.DE.
Performance
PUIG.DE vs. CBU0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PUIG.DE achieves a 1.26% return, which is significantly higher than CBU0.DE's -0.89% return.
PUIG.DE
- 1D
- 0.15%
- 1M
- 1.15%
- YTD
- 1.26%
- 6M
- 0.39%
- 1Y
- 3.02%
- 3Y*
- 1.82%
- 5Y*
- 1.11%
- 10Y*
- —
CBU0.DE
- 1D
- 0.17%
- 1M
- 0.91%
- YTD
- -0.89%
- 6M
- -0.71%
- 1Y
- 2.45%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
PUIG.DE vs. CBU0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist | 1.26% | -4.57% | 7.59% | 1.22% |
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -0.89% | 4.58% | -0.25% | 5.06% |
Correlation
The correlation between PUIG.DE and CBU0.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.36 |
Over the past year, the correlation between PUIG.DE and CBU0.DE has dropped to 0.12 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
PUIG.DE vs. CBU0.DE — Risk / Return Rank
PUIG.DE
CBU0.DE
PUIG.DE vs. CBU0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco USD Corporate Bond UCITS ETF Dist (PUIG.DE) and iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.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.
| PUIG.DE | CBU0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.09 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.58 | +0.12 |
| Martin ratioReturn relative to average drawdown | 1.81 | 1.62 | +0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PUIG.DE | CBU0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.48 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.45 | -0.41 |
Drawdowns
PUIG.DE vs. CBU0.DE - Drawdown Comparison
The maximum PUIG.DE drawdown since its inception was -14.30%, which is greater than CBU0.DE's maximum drawdown of -6.02%. Use the drawdown chart below to compare losses from any high point for PUIG.DE and CBU0.DE.
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Drawdown Indicators
| PUIG.DE | CBU0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.30% | -6.02% | -8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -4.20% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -4.20% | -6.99% |
Max Drawdown (5Y)Largest decline over 5 years | -13.35% | — | — |
Current DrawdownCurrent decline from peak | -5.91% | -2.03% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -1.65% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.52% | -0.12% |
Volatility
PUIG.DE vs. CBU0.DE - Volatility Comparison
The current volatility for Invesco USD Corporate Bond UCITS ETF Dist (PUIG.DE) is 1.02%, while iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a volatility of 2.00%. This indicates that PUIG.DE experiences smaller price fluctuations and is considered to be less risky than CBU0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PUIG.DE | CBU0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 2.00% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 4.39% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 5.11% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 5.81% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 5.81% | +3.26% |
PUIG.DE vs. CBU0.DE - Expense Ratio Comparison
PUIG.DE has a 0.10% expense ratio, which is lower than CBU0.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PUIG.DE vs. CBU0.DE - Dividend Comparison
PUIG.DE's dividend yield for the trailing twelve months is around 4.21%, while CBU0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist | 4.21% | 4.32% | 4.29% | 3.82% | 2.83% | 1.91% | 2.59% |
Frequently Asked Questions
PUIG.DE and CBU0.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PUIG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PUIG.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for CBU0.DE.
PUIG.DE tracks Bloomberg US Corp Bond TR USD, while CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for PUIG.DE and 0.25% for CBU0.DE.
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