VDIV.DE vs. CBUG.DE
VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - VDIV.DE tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, VDIV.DE returned 20.75%/yr vs 15.67%/yr for CBUG.DE. A 0.64 correlation means they provide meaningful diversification when combined. VDIV.DE charges 0.38%/yr vs 0.10%/yr for CBUG.DE.
Performance
VDIV.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VDIV.DE achieves a 10.63% return, which is significantly lower than CBUG.DE's 18.13% return.
VDIV.DE
- 1D
- 0.25%
- 1M
- -0.40%
- YTD
- 10.63%
- 6M
- 10.86%
- 1Y
- 28.67%
- 3Y*
- 20.75%
- 5Y*
- 17.69%
- 10Y*
- —
CBUG.DE
- 1D
- 0.65%
- 1M
- 4.21%
- YTD
- 18.13%
- 6M
- 18.13%
- 1Y
- 33.69%
- 3Y*
- 15.67%
- 5Y*
- —
- 10Y*
- —
VDIV.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 10.63% | 24.58% | 15.66% | 11.45% | 15.47% | 4.41% |
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 VDIV.DE and CBUG.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.64 |
Over the past year, the correlation between VDIV.DE and CBUG.DE has dropped to 0.41 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
VDIV.DE vs. CBUG.DE — Risk / Return Rank
VDIV.DE
CBUG.DE
VDIV.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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.
| VDIV.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.43 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 7.75 | 4.63 | +3.12 |
| Martin ratioReturn relative to average drawdown | 23.02 | 17.68 | +5.33 |
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Drawdowns
VDIV.DE vs. CBUG.DE - Drawdown Comparison
The maximum VDIV.DE drawdown since its inception was -36.13%, 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 VDIV.DE and CBUG.DE.
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Drawdown Indicators
| VDIV.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -24.57% | -11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -7.24% | +3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -24.57% | +9.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | — | — |
Current DrawdownCurrent decline from peak | -1.64% | 0.00% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -4.20% | -7.41% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.90% | -0.66% |
Volatility
VDIV.DE vs. CBUG.DE - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) is 2.32%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.37%. This indicates that VDIV.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
| VDIV.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 3.37% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.08% | 10.00% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.49% | 13.98% | -4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.94% | 16.66% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 16.66% | -1.33% |
VDIV.DE vs. CBUG.DE - Expense Ratio Comparison
VDIV.DE has a 0.38% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
VDIV.DE vs. CBUG.DE - Dividend Comparison
VDIV.DE's dividend yield for the trailing twelve months is around 3.17%, 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% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.17% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% |
Frequently Asked Questions
VDIV.DE and CBUG.DE have a correlation of 0.41, 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 0.38% for VDIV.DE.
VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.38% for VDIV.DE and 0.10% for CBUG.DE.
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