XGBE.DE vs. CBUP.DE
XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) and CBUP.DE (iShares € Green Bond UCITS ETF EUR (Acc)) are both Corporate Bonds funds - XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index while CBUP.DE tracks the Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index. Both are passively managed. Over the past 3 years, XGBE.DE returned 3.78%/yr vs 2.62%/yr for CBUP.DE. Their correlation of 0.90 suggests significant overlap in exposure. XGBE.DE charges 0.25%/yr vs 0.20%/yr for CBUP.DE.
Performance
XGBE.DE vs. CBUP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGBE.DE achieves a 0.32% return, which is significantly higher than CBUP.DE's -0.06% return.
XGBE.DE
- 1D
- -0.07%
- 1M
- -0.50%
- 6M
- 0.04%
- YTD
- 0.32%
- 1Y
- 1.16%
- 3Y*
- 3.78%
- 5Y*
- -1.12%
- 10Y*
- —
CBUP.DE
- 1D
- 0.12%
- 1M
- -0.96%
- 6M
- -0.41%
- YTD
- -0.06%
- 1Y
- 0.60%
- 3Y*
- 2.62%
- 5Y*
- —
- 10Y*
- —
XGBE.DE vs. CBUP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 0.32% | 2.73% | 3.40% | 7.52% | -7.63% |
CBUP.DE iShares € Green Bond UCITS ETF EUR (Acc) | -0.06% | 0.99% | 2.05% | 7.83% | -11.21% |
Correlation
The correlation between XGBE.DE and CBUP.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.90 |
The correlation between XGBE.DE and CBUP.DE has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
XGBE.DE vs. CBUP.DE — Risk / Return Rank
XGBE.DE
CBUP.DE
XGBE.DE vs. CBUP.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 € Green Bond UCITS ETF EUR (Acc) (CBUP.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 | CBUP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.03 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.19 | +0.25 |
| Martin ratioReturn relative to average drawdown | 1.36 | 0.48 | +0.88 |
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Drawdowns
XGBE.DE vs. CBUP.DE - Drawdown Comparison
The maximum XGBE.DE drawdown since its inception was -20.20%, which is greater than CBUP.DE's maximum drawdown of -12.62%. Use the drawdown chart below to compare losses from any high point for XGBE.DE and CBUP.DE.
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Drawdown Indicators
| XGBE.DE | CBUP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -12.62% | -7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -3.19% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -2.62% | -3.58% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | — | — |
Current DrawdownCurrent decline from peak | -6.22% | -1.90% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -10.28% | -5.07% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.26% | -0.41% |
Volatility
XGBE.DE vs. CBUP.DE - Volatility Comparison
The current volatility for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) is 0.81%, while iShares € Green Bond UCITS ETF EUR (Acc) (CBUP.DE) has a volatility of 1.24%. This indicates that XGBE.DE experiences smaller price fluctuations and is considered to be less risky than CBUP.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 | CBUP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 1.24% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 3.66% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 4.18% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.05% | 5.87% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 5.87% | -0.85% |
XGBE.DE vs. CBUP.DE - Expense Ratio Comparison
XGBE.DE has a 0.25% expense ratio, which is higher than CBUP.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGBE.DE vs. CBUP.DE - Dividend Comparison
Neither XGBE.DE nor CBUP.DE has paid dividends to shareholders.
Frequently Asked Questions
XGBE.DE and CBUP.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUP.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUP.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XGBE.DE.
XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index, while CBUP.DE tracks Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XGBE.DE and 0.20% for CBUP.DE.
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