XDEM.L vs. CBUH.DE
XDEM.L (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) and CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) are both Momentum funds - XDEM.L tracks the MSCI World Momentum Index while CBUH.DE tracks the MSCI World Momentum ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, XDEM.L returned 26.71%/yr vs 22.78%/yr for CBUH.DE. Their correlation of 0.90 suggests significant overlap in exposure. XDEM.L charges 0.25%/yr vs 0.30%/yr for CBUH.DE.
Performance
XDEM.L vs. CBUH.DE - Performance Comparison
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Different Trading Currencies
XDEM.L is traded in GBp, while CBUH.DE is traded in EUR. To make them comparable, the CBUH.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDEM.L achieves a 23.18% return, which is significantly higher than CBUH.DE's 21.95% return.
XDEM.L
- 1D
- 1.40%
- 1M
- 11.96%
- YTD
- 23.18%
- 6M
- 24.68%
- 1Y
- 36.45%
- 3Y*
- 26.71%
- 5Y*
- 15.08%
- 10Y*
- 17.01%
CBUH.DE
- 1D
- 0.74%
- 1M
- 7.15%
- YTD
- 21.95%
- 6M
- 23.86%
- 1Y
- 36.47%
- 3Y*
- 22.78%
- 5Y*
- —
- 10Y*
- —
XDEM.L vs. CBUH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XDEM.L Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 23.18% | 12.52% | 32.87% | 5.88% | -8.06% | -0.20% |
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 21.95% | 13.59% | 23.30% | 11.20% | -12.46% | -0.20% |
Correlation
The correlation between XDEM.L and CBUH.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.90 |
The correlation between XDEM.L and CBUH.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
XDEM.L vs. CBUH.DE — Risk / Return Rank
XDEM.L
CBUH.DE
XDEM.L vs. CBUH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) and iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.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.
| XDEM.L | CBUH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 3.79 | +0.23 |
| Martin ratioReturn relative to average drawdown | 15.69 | 15.28 | +0.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDEM.L | CBUH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 2.35 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.70 | +0.27 |
Drawdowns
XDEM.L vs. CBUH.DE - Drawdown Comparison
The maximum XDEM.L drawdown since its inception was -22.42%, which is greater than CBUH.DE's maximum drawdown of -21.28%. Use the drawdown chart below to compare losses from any high point for XDEM.L and CBUH.DE.
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Drawdown Indicators
| XDEM.L | CBUH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -21.28% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -9.58% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | -21.28% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -7.50% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.38% | -0.06% |
Volatility
XDEM.L vs. CBUH.DE - Volatility Comparison
Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) has a higher volatility of 5.92% compared to iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) at 5.11%. This indicates that XDEM.L's price experiences larger fluctuations and is considered to be riskier than CBUH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEM.L | CBUH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 5.11% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 13.77% | 13.07% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 15.44% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.41% | 16.51% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 16.51% | +0.29% |
XDEM.L vs. CBUH.DE - Expense Ratio Comparison
XDEM.L has a 0.25% expense ratio, which is lower than CBUH.DE's 0.30% expense ratio.
Dividends
XDEM.L vs. CBUH.DE - Dividend Comparison
Neither XDEM.L nor CBUH.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, XDEM.L and CBUH.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XDEM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEM.L is cheaper with a 0.25% expense ratio, compared with 0.30% for CBUH.DE.
XDEM.L tracks MSCI World Momentum Index, while CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select. They also come from different issuers: DWS and iShares. Their fees differ too: 0.25% for XDEM.L and 0.30% for CBUH.DE.
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