VUTA.L vs. CBUG.DE
VUTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both exchange-traded funds - VUTA.L is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index, while CBUG.DE is a Global Equities fund tracking the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, VUTA.L returned 0.21%/yr vs 13.91%/yr for CBUG.DE. At a correlation of -0.10, they often move in opposite directions. VUTA.L charges 0.05%/yr vs 0.10%/yr for CBUG.DE.
Performance
VUTA.L vs. CBUG.DE - Performance Comparison
Loading charts...
Different Trading Currencies
VUTA.L is traded in GBP, while CBUG.DE is traded in EUR. To make them comparable, the CBUG.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VUTA.L achieves a 0.03% return, which is significantly lower than CBUG.DE's 13.53% return.
VUTA.L
- 1D
- 0.21%
- 1M
- 1.16%
- YTD
- 0.03%
- 6M
- -0.52%
- 1Y
- 4.50%
- 3Y*
- 0.21%
- 5Y*
- 0.65%
- 10Y*
- —
CBUG.DE
- 1D
- 0.64%
- 1M
- 4.40%
- YTD
- 13.53%
- 6M
- 14.57%
- 1Y
- 31.98%
- 3Y*
- 13.91%
- 5Y*
- —
- 10Y*
- —
VUTA.L vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VUTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.03% | -1.12% | 2.50% | -1.89% | -1.88% | -2.16% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 13.53% | 12.01% | 8.23% | 9.12% | -9.47% | 1.42% |
Correlation
The correlation between VUTA.L and CBUG.DE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | -0.10 |
The correlation between VUTA.L and CBUG.DE shifts across timeframes, from -0.10 (all time) to 0.03 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VUTA.L vs. CBUG.DE — Risk / Return Rank
VUTA.L
CBUG.DE
VUTA.L vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.L) 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.
| VUTA.L | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.42 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 3.96 | -3.10 |
| Martin ratioReturn relative to average drawdown | 2.08 | 15.02 | -12.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VUTA.L | CBUG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 2.39 | -1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.46 | -0.37 |
Drawdowns
VUTA.L vs. CBUG.DE - Drawdown Comparison
The maximum VUTA.L drawdown since its inception was -23.40%, roughly equal to the maximum CBUG.DE drawdown of -22.85%. Use the drawdown chart below to compare losses from any high point for VUTA.L and CBUG.DE.
Loading charts...
Drawdown Indicators
| VUTA.L | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.40% | -22.85% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.21% | -8.03% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -8.20% | -22.85% | +14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | — | — |
Current DrawdownCurrent decline from peak | -18.49% | 0.00% | -18.49% |
Average DrawdownAverage peak-to-trough decline | -15.38% | -5.98% | -9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.12% | +0.04% |
Volatility
VUTA.L vs. CBUG.DE - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.L) is 1.39%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.55%. This indicates that VUTA.L 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.
Loading charts...
Volatility by Period
| VUTA.L | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 3.55% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.40% | 9.61% | -5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 13.32% | -7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 16.22% | -7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.39% | 16.22% | -6.83% |
VUTA.L vs. CBUG.DE - Expense Ratio Comparison
VUTA.L has a 0.05% expense ratio, which is lower than CBUG.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VUTA.L vs. CBUG.DE - Dividend Comparison
Neither VUTA.L nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
VUTA.L and CBUG.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTA.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTA.L is cheaper with a 0.05% expense ratio, compared with 0.10% for CBUG.DE.
VUTA.L is categorized as Government Bonds, while CBUG.DE is Global Equities. VUTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VUTA.L and 0.10% for CBUG.DE.
Find the right allocation for VUTA.L and CBUG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer