SCWX.DE vs. CBUG.DE
SCWX.DE (Scalable MSCI AC World Xtrackers UCITS ETF 1C) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - SCWX.DE tracks the MSCI All Country World Index while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past year, SCWX.DE returned 26.61% vs 28.47% for CBUG.DE. Their correlation of 0.82 suggests significant overlap in exposure. SCWX.DE charges 0.17%/yr vs 0.10%/yr for CBUG.DE.
Performance
SCWX.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SCWX.DE achieves a 12.40% return, which is significantly lower than CBUG.DE's 14.43% return.
SCWX.DE
- 1D
- -0.54%
- 1M
- 3.68%
- YTD
- 12.40%
- 6M
- 12.94%
- 1Y
- 26.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBUG.DE
- 1D
- 0.52%
- 1M
- 2.87%
- YTD
- 14.43%
- 6M
- 15.29%
- 1Y
- 28.47%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
SCWX.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SCWX.DE Scalable MSCI AC World Xtrackers UCITS ETF 1C | 12.40% | 9.28% | -0.55% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 14.43% | 6.47% | -0.96% |
Correlation
The correlation between SCWX.DE and CBUG.DE is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024 | 0.82 |
The correlation between SCWX.DE and CBUG.DE has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
SCWX.DE vs. CBUG.DE — Risk / Return Rank
SCWX.DE
CBUG.DE
SCWX.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Scalable MSCI AC World Xtrackers UCITS ETF 1C (SCWX.DE) and iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.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.
| SCWX.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 3.94 | +0.23 |
| Martin ratioReturn relative to average drawdown | 16.58 | 14.66 | +1.92 |
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
| SCWX.DE | CBUG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 2.04 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.42 | +0.54 |
Drawdowns
SCWX.DE vs. CBUG.DE - Drawdown Comparison
The maximum SCWX.DE drawdown since its inception was -21.73%, smaller than the maximum CBUG.DE drawdown of -24.59%. Use the drawdown chart below to compare losses from any high point for SCWX.DE and CBUG.DE.
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Drawdown Indicators
| SCWX.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.73% | -24.59% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -7.21% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.59% | — |
Current DrawdownCurrent decline from peak | -0.56% | 0.00% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -7.48% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.94% | -0.32% |
Volatility
SCWX.DE vs. CBUG.DE - Volatility Comparison
The current volatility for Scalable MSCI AC World Xtrackers UCITS ETF 1C (SCWX.DE) is 2.90%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.41%. This indicates that SCWX.DE experiences smaller price fluctuations and is considered to be less risky than CBUG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCWX.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 3.41% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 9.78% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.43% | 13.90% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 16.71% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 16.71% | -1.20% |
SCWX.DE vs. CBUG.DE - Expense Ratio Comparison
SCWX.DE has a 0.17% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCWX.DE vs. CBUG.DE - Dividend Comparison
Neither SCWX.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
SCWX.DE and CBUG.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUG.DE is cheaper with a 0.10% expense ratio, compared with 0.17% for SCWX.DE.
SCWX.DE tracks MSCI All Country World Index, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.17% for SCWX.DE and 0.10% for CBUG.DE.
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