SPP2.DE vs. CBUI.DE
SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) and CBUI.DE (iShares MSCI World Value Factor ESG UCITS ETF USD Acc) are both Global Equities funds - SPP2.DE tracks the MSCI ACWI (USD Hedged) while CBUI.DE tracks the MSCI World Value ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, SPP2.DE returned 21.57%/yr vs 25.08%/yr for CBUI.DE. Their correlation of 0.86 suggests significant overlap in exposure. SPP2.DE charges 0.45%/yr vs 0.30%/yr for CBUI.DE.
Performance
SPP2.DE vs. CBUI.DE - Performance Comparison
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Different Trading Currencies
SPP2.DE is traded in USD, while CBUI.DE is traded in EUR. To make them comparable, the CBUI.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPP2.DE achieves a 11.75% return, which is significantly lower than CBUI.DE's 18.67% return.
SPP2.DE
- 1D
- -0.01%
- 1M
- 4.55%
- YTD
- 11.75%
- 6M
- 13.20%
- 1Y
- 29.76%
- 3Y*
- 21.57%
- 5Y*
- 12.62%
- 10Y*
- —
CBUI.DE
- 1D
- 0.34%
- 1M
- 7.63%
- YTD
- 18.67%
- 6M
- 22.47%
- 1Y
- 46.59%
- 3Y*
- 25.08%
- 5Y*
- —
- 10Y*
- —
SPP2.DE vs. CBUI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc | 11.75% | 21.21% | 20.40% | 22.86% | -16.46% | 2.60% |
CBUI.DE iShares MSCI World Value Factor ESG UCITS ETF USD Acc | 18.67% | 36.58% | 7.31% | 19.60% | -11.46% | 4.08% |
Correlation
The correlation between SPP2.DE and CBUI.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.86 |
The correlation between SPP2.DE and CBUI.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
SPP2.DE vs. CBUI.DE — Risk / Return Rank
SPP2.DE
CBUI.DE
SPP2.DE vs. CBUI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.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.
| SPP2.DE | CBUI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.61 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 5.27 | -1.62 |
| Martin ratioReturn relative to average drawdown | 15.47 | 20.61 | -5.15 |
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
| SPP2.DE | CBUI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 3.41 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.95 | +0.10 |
Drawdowns
SPP2.DE vs. CBUI.DE - Drawdown Comparison
The maximum SPP2.DE drawdown since its inception was -22.60%, smaller than the maximum CBUI.DE drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for SPP2.DE and CBUI.DE.
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Drawdown Indicators
| SPP2.DE | CBUI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -25.52% | +2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -8.80% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -16.07% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.37% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -5.59% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.25% | -0.33% |
Volatility
SPP2.DE vs. CBUI.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) is 3.48%, while iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE) has a volatility of 4.09%. This indicates that SPP2.DE experiences smaller price fluctuations and is considered to be less risky 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
| SPP2.DE | CBUI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 4.09% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 10.42% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 13.59% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 15.90% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 15.90% | -1.13% |
SPP2.DE vs. CBUI.DE - Expense Ratio Comparison
SPP2.DE has a 0.45% expense ratio, which is higher than CBUI.DE's 0.30% expense ratio.
Dividends
SPP2.DE vs. CBUI.DE - Dividend Comparison
Neither SPP2.DE nor CBUI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP2.DE and CBUI.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUI.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUI.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for SPP2.DE.
SPP2.DE tracks MSCI ACWI (USD Hedged), 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: 0.45% for SPP2.DE and 0.30% for CBUI.DE.
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