SPP1.DE vs. CBUI.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and CBUI.DE (iShares MSCI World Value Factor ESG UCITS ETF USD Acc) are both Global Equities funds - SPP1.DE tracks the MSCI ACWI with Developed Markets 100% Hedged to EUR Index while CBUI.DE tracks the MSCI World Value ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, SPP1.DE returned 18.01%/yr vs 21.30%/yr for CBUI.DE. Their correlation of 0.82 suggests significant overlap in exposure. SPP1.DE charges 0.17%/yr vs 0.30%/yr for CBUI.DE.
Performance
SPP1.DE vs. CBUI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP1.DE achieves a 11.13% return, which is significantly lower than CBUI.DE's 20.99% return.
SPP1.DE
- 1D
- 0.60%
- 1M
- 0.08%
- 6M
- 11.32%
- YTD
- 11.13%
- 1Y
- 22.91%
- 3Y*
- 18.01%
- 5Y*
- 10.21%
- 10Y*
- —
CBUI.DE
- 1D
- 0.73%
- 1M
- 1.10%
- 6M
- 20.12%
- YTD
- 20.99%
- 1Y
- 41.88%
- 3Y*
- 21.30%
- 5Y*
- —
- 10Y*
- —
SPP1.DE vs. CBUI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPP1.DE State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) | 11.13% | 17.43% | 19.40% | 19.48% | -17.94% | 2.71% |
CBUI.DE iShares MSCI World Value Factor ESG UCITS ETF USD Acc | 20.99% | 20.99% | 13.86% | 15.81% | -6.11% | 7.26% |
Correlation
The correlation between SPP1.DE and CBUI.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.82 |
The correlation between SPP1.DE and CBUI.DE has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
SPP1.DE vs. CBUI.DE — Risk / Return Rank
SPP1.DE
CBUI.DE
SPP1.DE vs. CBUI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.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.
| SPP1.DE | CBUI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.56 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 6.62 | -3.84 |
| Martin ratioReturn relative to average drawdown | 11.61 | 25.36 | -13.75 |
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Drawdowns
SPP1.DE vs. CBUI.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, 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 SPP1.DE and CBUI.DE.
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Drawdown Indicators
| SPP1.DE | CBUI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -19.51% | -13.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -6.29% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -19.51% | +1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.12% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -3.18% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.65% | +0.32% |
Volatility
SPP1.DE vs. CBUI.DE - Volatility Comparison
State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) has a higher volatility of 3.99% compared to iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE) at 3.33%. This indicates that SPP1.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
| SPP1.DE | CBUI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 3.33% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 9.91% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 13.05% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 14.17% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 14.17% | +2.49% |
SPP1.DE vs. CBUI.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is lower than CBUI.DE's 0.30% expense ratio.
Dividends
SPP1.DE vs. CBUI.DE - Dividend Comparison
Neither SPP1.DE nor CBUI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and CBUI.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPP1.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP1.DE is cheaper with a 0.17% expense ratio, compared with 0.30% for CBUI.DE.
SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while CBUI.DE tracks MSCI World Value ESG Reduced Carbon Target Select. They also come from different issuers: State Street and iShares. Their fees differ too: 0.17% for SPP1.DE and 0.30% for CBUI.DE.
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