XGBE.DE vs. CBU0.DE
XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) and CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) are both Corporate Bonds funds - XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index while CBU0.DE tracks the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). Both are passively managed. Over the past 3 years, XGBE.DE returned 4.05%/yr vs 4.05%/yr for CBU0.DE. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
XGBE.DE vs. CBU0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGBE.DE achieves a 0.47% return, which is significantly higher than CBU0.DE's -1.09% return.
XGBE.DE
- 1D
- 0.00%
- 1M
- -0.46%
- 6M
- 0.07%
- YTD
- 0.47%
- 1Y
- 1.45%
- 3Y*
- 4.05%
- 5Y*
- -1.09%
- 10Y*
- —
CBU0.DE
- 1D
- -0.37%
- 1M
- -0.73%
- 6M
- -2.16%
- YTD
- -1.09%
- 1Y
- 1.69%
- 3Y*
- 4.05%
- 5Y*
- —
- 10Y*
- —
XGBE.DE vs. CBU0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 0.47% | 2.73% | 3.40% | 5.91% |
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -1.09% | 4.57% | -0.38% | 4.77% |
Correlation
The correlation between XGBE.DE and CBU0.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2023 | 0.72 |
The correlation between XGBE.DE and CBU0.DE has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
XGBE.DE vs. CBU0.DE — Risk / Return Rank
XGBE.DE
CBU0.DE
XGBE.DE vs. CBU0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) and iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.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.
| XGBE.DE | CBU0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.39 | +0.16 |
| Martin ratioReturn relative to average drawdown | 1.71 | 1.03 | +0.68 |
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Drawdowns
XGBE.DE vs. CBU0.DE - Drawdown Comparison
The maximum XGBE.DE drawdown since its inception was -20.20%, which is greater than CBU0.DE's maximum drawdown of -6.16%. Use the drawdown chart below to compare losses from any high point for XGBE.DE and CBU0.DE.
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Drawdown Indicators
| XGBE.DE | CBU0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -6.16% | -14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -4.32% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -2.62% | -4.32% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | — | — |
Current DrawdownCurrent decline from peak | -6.08% | -2.34% | -3.74% |
Average DrawdownAverage peak-to-trough decline | -10.28% | -1.67% | -8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.63% | -0.78% |
Volatility
XGBE.DE vs. CBU0.DE - Volatility Comparison
The current volatility for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) is 0.82%, while iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a volatility of 1.52%. This indicates that XGBE.DE experiences smaller price fluctuations and is considered to be less risky than CBU0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGBE.DE | CBU0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 1.52% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 4.71% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 5.36% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.05% | 5.90% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 5.90% | -0.87% |
XGBE.DE vs. CBU0.DE - Expense Ratio Comparison
Both XGBE.DE and CBU0.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XGBE.DE vs. CBU0.DE - Dividend Comparison
Neither XGBE.DE nor CBU0.DE has paid dividends to shareholders.
Frequently Asked Questions
XGBE.DE and CBU0.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XGBE.DE and CBU0.DE have the same expense ratio: 0.25% per year.
XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index, while CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). They also come from different issuers: Xtrackers and iShares.
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