TSWE.DE vs. CBUG.DE
TSWE.DE (VanEck Sustainable World Equal Weight UCITS ETF A) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - TSWE.DE tracks the Solactive Sustainable World Equity while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, TSWE.DE returned 18.74%/yr vs 15.67%/yr for CBUG.DE. Their correlation of 0.85 suggests significant overlap in exposure. TSWE.DE charges 0.20%/yr vs 0.10%/yr for CBUG.DE.
Performance
TSWE.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TSWE.DE achieves a 16.81% return, which is significantly lower than CBUG.DE's 18.13% return.
TSWE.DE
- 1D
- 0.82%
- 1M
- 4.21%
- YTD
- 16.81%
- 6M
- 17.63%
- 1Y
- 30.73%
- 3Y*
- 18.74%
- 5Y*
- 11.83%
- 10Y*
- —
CBUG.DE
- 1D
- 0.65%
- 1M
- 4.21%
- YTD
- 18.13%
- 6M
- 18.13%
- 1Y
- 33.69%
- 3Y*
- 15.67%
- 5Y*
- —
- 10Y*
- —
TSWE.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TSWE.DE VanEck Sustainable World Equal Weight UCITS ETF A | 16.81% | 13.85% | 16.41% | 16.29% | -13.07% | 2.44% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 18.13% | 6.50% | 13.10% | 11.25% | -14.07% | 2.02% |
Correlation
The correlation between TSWE.DE and CBUG.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.85 |
The correlation between TSWE.DE and CBUG.DE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
TSWE.DE vs. CBUG.DE — Risk / Return Rank
TSWE.DE
CBUG.DE
TSWE.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE) and iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.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.
| TSWE.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 4.63 | -0.82 |
| Martin ratioReturn relative to average drawdown | 15.19 | 17.68 | -2.49 |
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Drawdowns
TSWE.DE vs. CBUG.DE - Drawdown Comparison
The maximum TSWE.DE drawdown since its inception was -32.71%, which is greater than CBUG.DE's maximum drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for TSWE.DE and CBUG.DE.
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Drawdown Indicators
| TSWE.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -24.57% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.02% | -7.24% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.69% | -24.57% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -7.41% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.90% | +0.12% |
Volatility
TSWE.DE vs. CBUG.DE - Volatility Comparison
VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE) has a higher volatility of 3.92% compared to iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) at 3.37%. This indicates that TSWE.DE's price experiences larger fluctuations and is considered to be riskier than CBUG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSWE.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.37% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 10.00% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.31% | 13.98% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 16.66% | -2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 16.66% | -0.62% |
TSWE.DE vs. CBUG.DE - Expense Ratio Comparison
TSWE.DE has a 0.20% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TSWE.DE vs. CBUG.DE - Dividend Comparison
TSWE.DE's dividend yield for the trailing twelve months is around 1.77%, while CBUG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSWE.DE VanEck Sustainable World Equal Weight UCITS ETF A | 1.77% | 1.94% | 2.19% | 2.22% | 2.37% | 4.16% | 7.50% | 9.26% | 2.43% |
Frequently Asked Questions
TSWE.DE and CBUG.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUG.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for TSWE.DE.
TSWE.DE tracks Solactive Sustainable World Equity, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.20% for TSWE.DE and 0.10% for CBUG.DE.
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