SPYH.DE vs. CBUF.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and CBUF.DE (iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist) are both Health & Biotech Equities funds - SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped while CBUF.DE tracks the MSCI World Health Care ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 5 years, SPYH.DE returned 5.81%/yr vs 4.66%/yr for CBUF.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
SPYH.DE vs. CBUF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYH.DE achieves a -1.97% return, which is significantly higher than CBUF.DE's -2.22% return.
SPYH.DE
- 1D
- 3.34%
- 1M
- 0.41%
- YTD
- -1.97%
- 6M
- -0.47%
- 1Y
- 6.02%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
CBUF.DE
- 1D
- 2.74%
- 1M
- 3.65%
- YTD
- -2.22%
- 6M
- -1.56%
- 1Y
- 7.33%
- 3Y*
- 0.62%
- 5Y*
- 4.66%
- 10Y*
- —
SPYH.DE vs. CBUF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 10.11% |
CBUF.DE iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist | -2.22% | 2.56% | 0.75% | 0.33% | 2.09% | 30.42% | 2.79% | 11.42% |
Correlation
The correlation between SPYH.DE and CBUF.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.75 |
The correlation between SPYH.DE and CBUF.DE has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
SPYH.DE vs. CBUF.DE — Risk / Return Rank
SPYH.DE
CBUF.DE
SPYH.DE vs. CBUF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) and iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist (CBUF.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.
| SPYH.DE | CBUF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.68 | -0.18 |
| Martin ratioReturn relative to average drawdown | 1.10 | 1.56 | -0.46 |
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
| SPYH.DE | CBUF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.53 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.34 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.44 | -0.01 |
Drawdowns
SPYH.DE vs. CBUF.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, roughly equal to the maximum CBUF.DE drawdown of -25.94%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and CBUF.DE.
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Drawdown Indicators
| SPYH.DE | CBUF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -25.94% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -10.87% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -21.76% | -4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -21.76% | -4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | — | — |
Current DrawdownCurrent decline from peak | -10.72% | -9.66% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -5.65% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 4.74% | +0.99% |
Volatility
SPYH.DE vs. CBUF.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.01% compared to iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist (CBUF.DE) at 4.98%. This indicates that SPYH.DE's price experiences larger fluctuations and is considered to be riskier than CBUF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYH.DE | CBUF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 4.98% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 9.70% | +2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 13.98% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 13.60% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 15.36% | +0.46% |
SPYH.DE vs. CBUF.DE - Expense Ratio Comparison
Both SPYH.DE and CBUF.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPYH.DE vs. CBUF.DE - Dividend Comparison
SPYH.DE has not paid dividends to shareholders, while CBUF.DE's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBUF.DE iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist | 1.08% | 1.06% | 1.02% | 1.16% | 1.09% | 1.05% | 1.27% | 0.10% |
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYH.DE and CBUF.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE and CBUF.DE have the same expense ratio: 0.18% per year.
SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while CBUF.DE tracks MSCI World Health Care ESG Reduced Carbon Select 20 35 Capped. They also come from different issuers: State Street and iShares.
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