UEEH.DE vs. CBUG.DE
UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds from iShares - UEEH.DE tracks the MSCI World Minimum Volatility while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, UEEH.DE returned 7.53%/yr vs 15.67%/yr for CBUG.DE. A 0.53 correlation means they provide meaningful diversification when combined. UEEH.DE charges 0.30%/yr vs 0.10%/yr for CBUG.DE.
Performance
UEEH.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEH.DE achieves a 2.93% return, which is significantly lower than CBUG.DE's 18.13% return.
UEEH.DE
- 1D
- -0.18%
- 1M
- 0.89%
- YTD
- 2.93%
- 6M
- 3.49%
- 1Y
- 4.11%
- 3Y*
- 7.53%
- 5Y*
- 6.00%
- 10Y*
- —
CBUG.DE
- 1D
- 0.65%
- 1M
- 4.21%
- YTD
- 18.13%
- 6M
- 18.13%
- 1Y
- 33.69%
- 3Y*
- 15.67%
- 5Y*
- —
- 10Y*
- —
UEEH.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 2.93% | -1.30% | 17.87% | 3.61% | -4.41% | 2.38% |
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 UEEH.DE and CBUG.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.53 |
The correlation between UEEH.DE and CBUG.DE shifts across timeframes, from 0.33 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UEEH.DE vs. CBUG.DE — Risk / Return Rank
UEEH.DE
CBUG.DE
UEEH.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.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.
| UEEH.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.43 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 4.63 | -3.86 |
| Martin ratioReturn relative to average drawdown | 1.94 | 17.68 | -15.74 |
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Drawdowns
UEEH.DE vs. CBUG.DE - Drawdown Comparison
The maximum UEEH.DE drawdown since its inception was -12.87%, smaller than the maximum CBUG.DE drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for UEEH.DE and CBUG.DE.
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Drawdown Indicators
| UEEH.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.87% | -24.57% | +11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -7.24% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -24.57% | +11.70% |
Max Drawdown (5Y)Largest decline over 5 years | -12.87% | — | — |
Current DrawdownCurrent decline from peak | -5.36% | 0.00% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -7.41% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.90% | +0.21% |
Volatility
UEEH.DE vs. CBUG.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) is 2.16%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.37%. This indicates that UEEH.DE experiences smaller price fluctuations and is considered to be less risky 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
| UEEH.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 3.37% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 5.75% | 10.00% | -4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.12% | 13.98% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.30% | 16.66% | -6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.22% | 16.66% | -6.44% |
UEEH.DE vs. CBUG.DE - Expense Ratio Comparison
UEEH.DE has a 0.30% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
UEEH.DE vs. CBUG.DE - Dividend Comparison
UEEH.DE's dividend yield for the trailing twelve months is around 1.68%, while CBUG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
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% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.68% | 1.72% | 1.70% | 1.89% | 1.73% | 1.62% |
Frequently Asked Questions
UEEH.DE and CBUG.DE have a correlation of 0.33, 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 0.30% for UEEH.DE.
UEEH.DE tracks MSCI World Minimum Volatility, while CBUG.DE tracks MSCI ACWI SMID NR USD. Their fees differ too: 0.30% for UEEH.DE and 0.10% for CBUG.DE.
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