Comparison window: 7 Mar 2025 → 8 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared
Report produced on 10 September 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
From 7 Mar 2025 to 8 Sept 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: CBDG; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
CBDG
−4.0%
09 Apr 2025
37 days
49 days · back to break-even on 16 May 2025
ISRC
−2.7%
27 Mar 2026
not yet
193 days (ongoing)
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
967 common holdings · ticker match on full official portfolios
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 967 common holdings this gives 24.1%: buying both funds, roughly this share of your money buys the same stocks twice. Matching uses the ISIN of each security, as published by both issuers in their baskets.
Bonds · Corporate EUR · Broad (all maturities) · Global
Bonds · Corporate EUR · Broad (all maturities) · Europe
Rebalix engine classification
Replication
Physical
Physical
as declared by the issuer
Currency hedging
Yes — hedged to GBP
No
source: class name, factsheet
Income policy
distributing
accumulating
—
Costs
TER
0.09%
0.25%
from the KID
Transaction costs (KID)
0.06%
0.03%
internal
All-in cost
0.15%
0.28%
TER + transaction
Tracking difference (3a)
—
—
vs its OWN index
Performance in euro (ECB rates)
1 year
+3.3%
+0.1%
—
3 years
—
—
—
5 years
—
—
—
10 years
—
—
— = series younger than the window
Risk · last 3 years
Volatility (ann.)
—
—
—
Max drawdown
—
—
—
Sharpe
—
—
risk-free = ECB MRO avg
Sortino
—
—
like Sharpe, downside only
Fixed income
Duration
4.28 yrs (mod.)
4.27 yrs (mod.)
CBDG: factsheet 31 Jul 2026 · ISRC: factsheet
Duration band
medium (3–7 years)
medium (3–7 years)
short ≤3 · medium 3–7 · long >7 yrs
Investment-grade share
99.4%
99.8%
BBB−/Baa3 and above
Heaviest rating bucket
BBB (48.7%)
BBB (54.8%)
—
Most represented maturity
5 years (32.0%)
not declared
—
Distributions (fund currency)
Frequency
annual
accumulating class
—
Distributions, last 12 months
0.15 GBP *
accumulating class
* < 12 months of history
Distribution yield
1.45%
accumulating class
12 months / NAV
Last ex-date
9 Dec 2025 · 0.15 GBP
accumulating class
—
Italian taxation
Effective capital-gains rate
26.00%
—
white list, current half-year
Documents & exchanges
Listing venues
2
3
ESMA register
Borsa Italiana ticker
—
—
—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~93 euro CBDG · ~176 euro ISRC. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.