XWEH.DE vs. CBUG.DE
XWEH.DE (Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds - XWEH.DE tracks the MSCI World Index (EUR Hedged) while CBUG.DE tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 3 years, XWEH.DE returned 16.86%/yr vs 13.21%/yr for CBUG.DE. Their correlation of 0.82 suggests significant overlap in exposure. XWEH.DE charges 0.39%/yr vs 0.10%/yr for CBUG.DE.
Performance
XWEH.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XWEH.DE achieves a 8.30% return, which is significantly lower than CBUG.DE's 15.46% return.
XWEH.DE
- 1D
- -1.10%
- 1M
- -0.71%
- 6M
- 6.59%
- YTD
- 8.30%
- 1Y
- 18.62%
- 3Y*
- 16.86%
- 5Y*
- 10.16%
- 10Y*
- 11.18%
CBUG.DE
- 1D
- -1.14%
- 1M
- -0.82%
- 6M
- 9.01%
- YTD
- 15.46%
- 1Y
- 25.78%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
XWEH.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XWEH.DE Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) | 8.30% | 16.85% | 19.84% | 21.86% | -18.77% | 2.46% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 15.46% | 6.50% | 13.10% | 11.25% | -14.07% | 2.02% |
Correlation
The correlation between XWEH.DE and CBUG.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.82 |
The correlation between XWEH.DE and CBUG.DE has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
XWEH.DE vs. CBUG.DE — Risk / Return Rank
XWEH.DE
CBUG.DE
XWEH.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) 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.
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.
| XWEH.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.54 | -1.18 |
| Martin ratioReturn relative to average drawdown | 9.94 | 13.20 | -3.26 |
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Drawdowns
XWEH.DE vs. CBUG.DE - Drawdown Comparison
The maximum XWEH.DE drawdown since its inception was -33.67%, which is greater than CBUG.DE's maximum drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for XWEH.DE and CBUG.DE.
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Drawdown Indicators
| XWEH.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -24.57% | -9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -7.24% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -24.57% | +7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -1.14% | -3.20% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -7.33% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.95% | -0.08% |
Volatility
XWEH.DE vs. CBUG.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) is 2.80%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.96%. This indicates that XWEH.DE 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.
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Volatility by Period
| XWEH.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 3.96% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 10.22% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 14.13% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 16.64% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 16.64% | -1.38% |
XWEH.DE vs. CBUG.DE - Expense Ratio Comparison
XWEH.DE has a 0.39% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
XWEH.DE vs. CBUG.DE - Dividend Comparison
Neither XWEH.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEH.DE and CBUG.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUG.DE is cheaper with a 0.10% expense ratio, compared with 0.39% for XWEH.DE.
XWEH.DE tracks MSCI World Index (EUR Hedged), while CBUG.DE tracks MSCI ACWI SMID NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.39% for XWEH.DE and 0.10% for CBUG.DE.
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