SPYU.DE vs. CBUX.DE
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) are both Utilities Equities funds - SPYU.DE tracks the MSCI Europe Utilities 20/35 Capped while CBUX.DE tracks the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 3 years, SPYU.DE returned 16.61%/yr vs 8.47%/yr for CBUX.DE. A 0.52 correlation means they provide meaningful diversification when combined. SPYU.DE charges 0.18%/yr vs 0.65%/yr for CBUX.DE.
Performance
SPYU.DE vs. CBUX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYU.DE achieves a 13.06% return, which is significantly higher than CBUX.DE's 10.28% return.
SPYU.DE
- 1D
- -0.28%
- 1M
- -3.21%
- YTD
- 13.06%
- 6M
- 14.80%
- 1Y
- 27.08%
- 3Y*
- 16.61%
- 5Y*
- 11.82%
- 10Y*
- 10.70%
CBUX.DE
- 1D
- -1.34%
- 1M
- -2.15%
- YTD
- 10.28%
- 6M
- 8.97%
- 1Y
- 12.32%
- 3Y*
- 8.47%
- 5Y*
- —
- 10Y*
- —
SPYU.DE vs. CBUX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 13.06% | 34.39% | 0.99% | 8.83% |
CBUX.DE iShares Global Infrastructure UCITS ETF USD (Acc) | 10.28% | 0.69% | 14.63% | -1.37% |
Correlation
The correlation between SPYU.DE and CBUX.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2023 | 0.52 |
The correlation between SPYU.DE and CBUX.DE has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.
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Return for Risk
SPYU.DE vs. CBUX.DE — Risk / Return Rank
SPYU.DE
CBUX.DE
SPYU.DE vs. CBUX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (SPYU.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.
| SPYU.DE | CBUX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 2.91 | +0.68 |
| Martin ratioReturn relative to average drawdown | 10.13 | 6.42 | +3.71 |
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
| SPYU.DE | CBUX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.18 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.60 | -0.03 |
Drawdowns
SPYU.DE vs. CBUX.DE - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, 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 SPYU.DE and CBUX.DE.
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Drawdown Indicators
| SPYU.DE | CBUX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -14.94% | -18.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -4.22% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -14.94% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | — | — |
Current DrawdownCurrent decline from peak | -5.24% | -3.33% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -3.81% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.91% | +0.72% |
Volatility
SPYU.DE vs. CBUX.DE - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) has a higher volatility of 5.85% compared to iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) at 3.92%. This indicates that SPYU.DE's price experiences larger fluctuations and is considered to be riskier than CBUX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYU.DE | CBUX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 3.92% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 8.63% | +4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 10.36% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 11.93% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 11.93% | +5.12% |
SPYU.DE vs. CBUX.DE - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is lower than CBUX.DE's 0.65% expense ratio.
Dividends
SPYU.DE vs. CBUX.DE - Dividend Comparison
Neither SPYU.DE nor CBUX.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYU.DE and CBUX.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYU.DE is cheaper with a 0.18% expense ratio, compared with 0.65% for CBUX.DE.
SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while CBUX.DE tracks FTSE Global Core Infrastructure Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYU.DE and 0.65% for CBUX.DE.
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