XB4A.DE vs. CBUD.DE
XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) and CBUD.DE (iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)) are both Europe Equities funds - XB4A.DE tracks the ATX Index while CBUD.DE tracks the MSCI Europe SRI Select Reduced Fossil Fuel Index (EUR Hedged). Both are passively managed. Over the past 3 years, XB4A.DE returned 31.52%/yr vs 7.92%/yr for CBUD.DE. At a 0.46 correlation, their price movements are largely independent.
Performance
XB4A.DE vs. CBUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XB4A.DE achieves a 24.81% return, which is significantly higher than CBUD.DE's 9.94% return.
XB4A.DE
- 1D
- -0.62%
- 1M
- 1.14%
- 6M
- 22.10%
- YTD
- 24.81%
- 1Y
- 48.60%
- 3Y*
- 31.52%
- 5Y*
- 18.18%
- 10Y*
- 14.71%
CBUD.DE
- 1D
- 0.00%
- 1M
- 1.59%
- 6M
- 7.48%
- YTD
- 9.94%
- 1Y
- 11.41%
- 3Y*
- 7.92%
- 5Y*
- —
- 10Y*
- —
XB4A.DE vs. CBUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 24.81% | 51.29% | 11.01% | 14.27% | -16.45% | 12.48% |
CBUD.DE iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) | 9.94% | 4.27% | 4.94% | 14.94% | -14.16% | 6.58% |
Correlation
The correlation between XB4A.DE and CBUD.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.46 |
The correlation between XB4A.DE and CBUD.DE shifts across timeframes, from 0.46 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XB4A.DE vs. CBUD.DE — Risk / Return Rank
XB4A.DE
CBUD.DE
XB4A.DE vs. CBUD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) and iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) (CBUD.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.
| XB4A.DE | CBUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.16 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.44 | 1.15 | +3.29 |
| Martin ratioReturn relative to average drawdown | 15.07 | 3.82 | +11.24 |
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Drawdowns
XB4A.DE vs. CBUD.DE - Drawdown Comparison
The maximum XB4A.DE drawdown since its inception was -53.54%, which is greater than CBUD.DE's maximum drawdown of -23.10%. Use the drawdown chart below to compare losses from any high point for XB4A.DE and CBUD.DE.
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Drawdown Indicators
| XB4A.DE | CBUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.54% | -23.10% | -30.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -9.85% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -15.94% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -32.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.54% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -1.22% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -9.88% | -5.91% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.98% | +0.24% |
Volatility
XB4A.DE vs. CBUD.DE - Volatility Comparison
Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a higher volatility of 5.22% compared to iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) (CBUD.DE) at 3.26%. This indicates that XB4A.DE's price experiences larger fluctuations and is considered to be riskier than CBUD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XB4A.DE | CBUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 3.26% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 11.03% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 13.35% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 14.41% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.15% | 14.41% | +5.74% |
Dividends
XB4A.DE vs. CBUD.DE - Dividend Comparison
XB4A.DE has not paid dividends to shareholders, while CBUD.DE's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CBUD.DE iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) | 1.93% | 2.09% | 2.43% | 2.45% | 2.57% | 0.38% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XB4A.DE and CBUD.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XB4A.DE tracks ATX Index, while CBUD.DE tracks MSCI Europe SRI Select Reduced Fossil Fuel Index (EUR Hedged). They also come from different issuers: Xtrackers and iShares.
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