- ISIN
- IE00BYPC1H27
- Issuer
- iShares
- Inception Date
- Jul 24, 2019
- Region
- Asia (China)
- Category
- Emerging Markets Bonds, Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg China Treasury + Policy Bank Index
- Domicile
- Ireland
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
CNYB.L Performance Chart
iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) is up 5.1% since the beginning of the year. CNYB.L is currently trading at £4 per share. Investors who bought £1,000 worth of CNYB.L shares 5 years ago would now be looking at an investment worth £1,192.
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Returns By Period
iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) has returned 5.08% so far this year and 7.11% over the past 12 months.
iShares China CNY Bond UCITS ETF USD (Dist)
- 1D
- 0.23%
- 1M
- -0.13%
- 6M
- 4.82%
- YTD
- 5.08%
- 1Y
- 7.11%
- 3Y*
- 4.85%
- 5Y*
- 3.58%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
CNYB.L Monthly Returns History
Based on dividend-adjusted daily data since Jul 24, 2019, CNYB.L's average daily return is 0.00%, while the average monthly return is +0.03%. At this rate, an investment would double in approximately 192.6 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2021 with a return of +4.9%, while the worst month was Oct 2020 at -21.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CNYB.L closed higher 38% of trading days. The best single day was Nov 3, 2022 with a return of +2.3%, while the worst single day was Oct 26, 2020 at -23.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.24% | 3.77% | 1.94% | -2.14% | 2.67% | 1.08% | -0.96% | 5.08% | |||||
| 2025 | 1.67% | -2.11% | -2.63% | -1.97% | -0.25% | -0.78% | 2.81% | -1.24% | 0.25% | 3.02% | -0.49% | -0.31% | -2.20% |
| 2024 | 0.25% | 1.24% | -0.49% | 1.23% | -1.21% | 1.47% | -0.25% | -0.49% | -0.74% | 2.99% | 0.24% | 2.32% | 6.65% |
| 2023 | -0.00% | -0.70% | -0.70% | -1.65% | -0.72% | -4.06% | 1.02% | 0.25% | 3.02% | 0.24% | -1.46% | 0.75% | -4.09% |
| 2022 | 1.20% | 0.47% | 1.65% | 0.46% | -0.46% | 3.31% | 0.00% | 3.19% | 0.88% | -5.03% | -1.61% | 2.27% | 6.21% |
| 2021 | 1.02% | -2.03% | 0.52% | 1.80% | -0.76% | 1.44% | 0.76% | 1.52% | 2.49% | -1.46% | 4.93% | -0.75% | 9.69% |
Benchmark Metrics
iShares China CNY Bond UCITS ETF USD (Dist) has an annualized alpha of 0.54%, beta of 0.06, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 24, 2019.
- This ETF participated in 20.54% of S&P 500 Index downside but only 10.43% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.54%
- Beta
- 0.06
- R²
- 0.01
- Upside Capture
- 10.43%
- Downside Capture
- 20.54%
Expense Ratio
CNYB.L has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CNYB.L ranks 44 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) and compare them to S&P 500 Index.
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.
| CNYB.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.50 | +0.07 |
| Martin ratioReturn relative to average drawdown | 6.13 | 9.11 | -2.98 |
Dividends
Dividend History
iShares China CNY Bond UCITS ETF USD (Dist) provided a 1.72% dividend yield over the last twelve months, with an annual payout of £0.07 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | £0.07 | £0.08 | £0.09 | £0.10 | £0.12 | £0.11 | £0.10 | £0.04 |
Dividend yield | 1.72% | 1.89% | 2.24% | 2.55% | 2.72% | 2.74% | 2.65% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares China CNY Bond UCITS ETF USD (Dist). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.04 | £0.00 | £0.04 | |||||
| 2025 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.04 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.04 | £0.08 |
| 2024 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.05 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.05 | £0.09 |
| 2023 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.05 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.05 | £0.10 |
| 2022 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.05 | £0.12 |
| 2021 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.06 | £0.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares China CNY Bond UCITS ETF USD (Dist). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares China CNY Bond UCITS ETF USD (Dist) was 25.82%, occurring on Feb 25, 2021. The portfolio has not yet recovered.
The current iShares China CNY Bond UCITS ETF USD (Dist) drawdown is 7.25%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-25.82%Feb 2021 | 4mo 2d | — | 5y 8moOct 2020 - now | — |
-3.44%Jul 2020 | 2mo 9d | 2mo 3d | 4mo 12dMay 2020 - Sep 2020 | — |
-3.40%Sep 2019 | 1mo 2d | 3mo 26d | 4mo 28dAug 2019 - Dec 2019 | — |
-2.90%Mar 2020 | 13d | 1mo 7d | 1mo 20dMar 2020 - Apr 2020 | COVID crash2020 |
-1.18%Jan 2020 | 10d | 28d | 1mo 8dJan 2020 - Feb 2020 | — |
Drawdown Indicators
| CNYB.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.82% | -37.07% | +11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -8.03% | +5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -9.03% | -22.15% | +13.12% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -22.15% | +6.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -7.25% | -1.42% | -5.83% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -5.29% | -7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.20% | -1.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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