XZBU.DE vs. CBU0.DE
XZBU.DE (Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C) and CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) are both Corporate Bonds funds - XZBU.DE tracks the Bloomberg US Corp Bond TR USD while CBU0.DE tracks the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). Both are passively managed. Over the past 3 years, XZBU.DE returned 2.09%/yr vs 3.94%/yr for CBU0.DE. At a 0.46 correlation, their price movements are largely independent. XZBU.DE charges 0.16%/yr vs 0.25%/yr for CBU0.DE.
Performance
XZBU.DE vs. CBU0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZBU.DE achieves a 1.33% return, which is significantly higher than CBU0.DE's -0.89% return.
XZBU.DE
- 1D
- 0.15%
- 1M
- 1.09%
- YTD
- 1.33%
- 6M
- 0.54%
- 1Y
- 3.92%
- 3Y*
- 2.09%
- 5Y*
- 0.68%
- 10Y*
- —
CBU0.DE
- 1D
- 0.17%
- 1M
- 0.91%
- YTD
- -0.89%
- 6M
- -0.71%
- 1Y
- 2.45%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
XZBU.DE vs. CBU0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XZBU.DE Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C | 1.33% | -3.98% | 6.63% | 1.82% |
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -0.89% | 4.58% | -0.25% | 5.06% |
Correlation
The correlation between XZBU.DE and CBU0.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.46 |
Over the past year, the correlation between XZBU.DE and CBU0.DE has dropped to 0.22 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
XZBU.DE vs. CBU0.DE — Risk / Return Rank
XZBU.DE
CBU0.DE
XZBU.DE vs. CBU0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.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.
| XZBU.DE | CBU0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 0.58 | +0.32 |
| Martin ratioReturn relative to average drawdown | 2.28 | 1.62 | +0.67 |
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
| XZBU.DE | CBU0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.48 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.45 | -0.46 |
Drawdowns
XZBU.DE vs. CBU0.DE - Drawdown Comparison
The maximum XZBU.DE drawdown since its inception was -17.79%, which is greater than CBU0.DE's maximum drawdown of -6.02%. Use the drawdown chart below to compare losses from any high point for XZBU.DE and CBU0.DE.
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Drawdown Indicators
| XZBU.DE | CBU0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -6.02% | -11.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.73% | -4.20% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -4.20% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.79% | — | — |
Current DrawdownCurrent decline from peak | -6.99% | -2.03% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -1.65% | -6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.52% | -0.04% |
Volatility
XZBU.DE vs. CBU0.DE - Volatility Comparison
The current volatility for Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.DE) is 1.25%, while iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a volatility of 2.00%. This indicates that XZBU.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
| XZBU.DE | CBU0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 2.00% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 4.39% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 5.11% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.15% | 5.81% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.95% | 5.81% | +3.14% |
XZBU.DE vs. CBU0.DE - Expense Ratio Comparison
XZBU.DE has a 0.16% expense ratio, which is lower than CBU0.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XZBU.DE vs. CBU0.DE - Dividend Comparison
Neither XZBU.DE nor CBU0.DE has paid dividends to shareholders.
Frequently Asked Questions
XZBU.DE and CBU0.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZBU.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZBU.DE is cheaper with a 0.16% expense ratio, compared with 0.25% for CBU0.DE.
XZBU.DE tracks Bloomberg US Corp Bond TR USD, while CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.16% for XZBU.DE and 0.25% for CBU0.DE.
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