SPPW.DE vs. CBUX.DE
SPPW.DE (SPDR MSCI World UCITS ETF) and CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - SPPW.DE is a Global Equities fund tracking the MSCI World, while CBUX.DE is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 3 years, SPPW.DE returned 17.79%/yr vs 8.47%/yr for CBUX.DE. At a 0.39 correlation, their price movements are largely independent. SPPW.DE charges 0.12%/yr vs 0.65%/yr for CBUX.DE.
Performance
SPPW.DE vs. CBUX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPPW.DE achieves a 10.85% return, which is significantly higher than CBUX.DE's 10.28% return.
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
CBUX.DE
- 1D
- -1.34%
- 1M
- -2.15%
- YTD
- 10.28%
- 6M
- 8.97%
- 1Y
- 12.32%
- 3Y*
- 8.47%
- 5Y*
- —
- 10Y*
- —
SPPW.DE vs. CBUX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 13.47% |
CBUX.DE iShares Global Infrastructure UCITS ETF USD (Acc) | 10.28% | 0.69% | 14.63% | -1.37% |
Correlation
The correlation between SPPW.DE and CBUX.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2023 | 0.39 |
The correlation between SPPW.DE and CBUX.DE shifts across timeframes, from 0.23 (1 year) to 0.39 (all time), 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
SPPW.DE vs. CBUX.DE — Risk / Return Rank
SPPW.DE
CBUX.DE
SPPW.DE vs. CBUX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SPPW.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.
| SPPW.DE | CBUX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.20 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 2.91 | +0.76 |
| Martin ratioReturn relative to average drawdown | 14.69 | 6.42 | +8.27 |
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
| SPPW.DE | CBUX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.18 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.60 | +0.26 |
Drawdowns
SPPW.DE vs. CBUX.DE - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.69%, 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 SPPW.DE and CBUX.DE.
Loading charts...
Drawdown Indicators
| SPPW.DE | CBUX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -14.94% | -18.75% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -4.22% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -14.94% | -6.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -3.33% | +3.02% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -3.81% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.91% | -0.28% |
Volatility
SPPW.DE vs. CBUX.DE - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SPPW.DE) is 2.70%, while iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) has a volatility of 3.92%. This indicates that SPPW.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
| SPPW.DE | CBUX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.92% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 8.63% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 10.36% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 11.93% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 11.93% | +4.15% |
SPPW.DE vs. CBUX.DE - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than CBUX.DE's 0.65% expense ratio.
Dividends
SPPW.DE vs. CBUX.DE - Dividend Comparison
Neither SPPW.DE nor CBUX.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPW.DE and CBUX.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for CBUX.DE.
SPPW.DE is categorized as Global Equities, while CBUX.DE is Utilities Equities. SPPW.DE tracks MSCI World, while CBUX.DE tracks FTSE Global Core Infrastructure Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPW.DE and 0.65% for CBUX.DE.
Find the right allocation for SPPW.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