XWEH.DE vs. CBUX.DE
XWEH.DE (Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)) and CBUX.DE (iShares Global Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - XWEH.DE is a Global Equities fund tracking the MSCI World Index (EUR Hedged), while CBUX.DE is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 3 years, XWEH.DE returned 17.65%/yr vs 10.01%/yr for CBUX.DE. At a 0.24 correlation, their price movements are largely independent. XWEH.DE charges 0.39%/yr vs 0.65%/yr for CBUX.DE.
Performance
XWEH.DE vs. CBUX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XWEH.DE achieves a 9.20% return, which is significantly lower than CBUX.DE's 15.37% return.
XWEH.DE
- 1D
- 0.31%
- 1M
- 0.25%
- 6M
- 9.70%
- YTD
- 9.20%
- 1Y
- 19.83%
- 3Y*
- 17.65%
- 5Y*
- 10.35%
- 10Y*
- 11.71%
CBUX.DE
- 1D
- 0.65%
- 1M
- 3.15%
- 6M
- 15.16%
- YTD
- 15.37%
- 1Y
- 19.81%
- 3Y*
- 10.01%
- 5Y*
- —
- 10Y*
- —
XWEH.DE vs. CBUX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEH.DE Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) | 9.20% | 16.85% | 19.84% | 16.95% |
CBUX.DE iShares Global Infrastructure UCITS ETF USD (Acc) | 15.37% | 0.75% | 14.53% | -1.47% |
Correlation
The correlation between XWEH.DE and CBUX.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2023 | 0.24 |
Over the past year, the correlation between XWEH.DE and CBUX.DE has dropped to 0.03 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
XWEH.DE vs. CBUX.DE — Risk / Return Rank
XWEH.DE
CBUX.DE
XWEH.DE vs. CBUX.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 Global Infrastructure UCITS ETF USD (Acc) (CBUX.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 | CBUX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 4.67 | -2.16 |
| Martin ratioReturn relative to average drawdown | 10.59 | 10.62 | -0.03 |
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Drawdowns
XWEH.DE vs. CBUX.DE - Drawdown Comparison
The maximum XWEH.DE drawdown since its inception was -33.67%, which is greater than CBUX.DE's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for XWEH.DE and CBUX.DE.
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Drawdown Indicators
| XWEH.DE | CBUX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -14.96% | -18.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -4.22% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -14.96% | -2.61% |
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 | -0.25% | -0.32% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -3.75% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.86% | +0.01% |
Volatility
XWEH.DE vs. CBUX.DE - Volatility Comparison
Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) has a higher volatility of 3.62% compared to iShares Global Infrastructure UCITS ETF USD (Acc) (CBUX.DE) at 3.40%. This indicates that XWEH.DE's price experiences larger fluctuations and is considered to be riskier than CBUX.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 | CBUX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.40% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 8.87% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 10.71% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 11.97% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 11.97% | +3.30% |
XWEH.DE vs. CBUX.DE - Expense Ratio Comparison
XWEH.DE has a 0.39% expense ratio, which is lower than CBUX.DE's 0.65% expense ratio.
Dividends
XWEH.DE vs. CBUX.DE - Dividend Comparison
Neither XWEH.DE nor CBUX.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEH.DE and CBUX.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEH.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEH.DE is cheaper with a 0.39% expense ratio, compared with 0.65% for CBUX.DE.
XWEH.DE is categorized as Global Equities, while CBUX.DE is Utilities Equities. XWEH.DE tracks MSCI World Index (EUR Hedged), while CBUX.DE tracks FTSE Global Core Infrastructure Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.39% for XWEH.DE and 0.65% for CBUX.DE.
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