- ISIN
- IE00BMZ17Y47
- Issuer
- iShares
- Inception Date
- Feb 24, 2021
- 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
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
CYGB.L Performance Chart
iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.L) is up 3.6% since the beginning of the year. CYGB.L is currently trading at £6 per share. Investors who bought £1,000 worth of CYGB.L shares 5 years ago would now be looking at an investment worth £1,303.
Loading charts...
Returns By Period
iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.L) has returned 3.55% so far this year and 3.60% over the past 12 months.
iShares China CNY Bond UCITS ETF GBP Hedged (Dist)
- 1D
- 0.10%
- 1M
- 0.74%
- 6M
- 3.19%
- YTD
- 3.55%
- 1Y
- 3.60%
- 3Y*
- 6.74%
- 5Y*
- 5.44%
- 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%
CYGB.L Monthly Returns History
Based on dividend-adjusted daily data since Feb 24, 2021, CYGB.L's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 76% of months were positive and 24% were negative. The best month was Dec 2024 with a return of +2.0%, while the worst month was Nov 2022 at -1.0%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 2 months.
On a daily basis, CYGB.L closed higher 27% of trading days. The best single day was Apr 7, 2025 with a return of +0.7%, while the worst single day was Mar 9, 2026 at -0.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.70% | 0.35% | 0.52% | 0.34% | 1.03% | 0.12% | 0.44% | 3.55% | |||||
| 2025 | 0.70% | -0.70% | 0.00% | 1.23% | 0.00% | 0.57% | -0.00% | 0.00% | -0.17% | 0.70% | -0.00% | -0.13% | 2.20% |
| 2024 | 1.15% | 1.13% | 0.56% | 0.56% | 0.74% | 1.14% | 1.10% | 0.36% | 0.36% | 0.54% | 1.25% | 1.96% | 11.38% |
| 2023 | 0.00% | 0.20% | 0.80% | 0.79% | 0.98% | 0.63% | 0.59% | 0.97% | -0.19% | 0.39% | 0.58% | 1.20% | 7.14% |
| 2022 | 0.60% | -0.59% | -0.20% | 0.20% | 0.40% | -0.15% | 0.80% | 0.80% | 0.20% | 0.39% | -0.98% | 0.65% | 2.11% |
| 2021 | 0.00% | 0.40% | 0.40% | 0.40% | -0.25% | 1.39% | 0.00% | -0.20% | -0.39% | 0.79% | 0.28% | 2.84% |
Benchmark Metrics
iShares China CNY Bond UCITS ETF GBP Hedged (Dist) has an annualized alpha of 5.65%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 24, 2021.
- This ETF captured 11.28% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -17.15%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 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 0.00 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
- 5.65%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 11.28%
- Downside Capture
- -17.15%
Expense Ratio
CYGB.L has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CYGB.L ranks 64 for risk / return — better than 64% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.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.
| CYGB.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 2.50 | +2.68 |
| Martin ratioReturn relative to average drawdown | 11.91 | 9.11 | +2.81 |
Dividends
Dividend History
iShares China CNY Bond UCITS ETF GBP Hedged (Dist) provided a 1.70% dividend yield over the last twelve months, with an annual payout of £0.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | £0.10 | £0.11 | £0.12 | £0.12 | £0.13 | £0.11 |
Dividend yield | 1.70% | 1.84% | 2.13% | 2.38% | 2.68% | 2.21% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares China CNY Bond UCITS ETF GBP Hedged (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 | £0.05 | £0.00 | £0.05 | |||||
| 2025 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.05 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.05 | £0.11 |
| 2024 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.06 | £0.12 |
| 2023 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.06 | £0.12 |
| 2022 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.07 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.06 | £0.13 |
| 2021 | £0.04 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.07 | £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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares China CNY Bond UCITS ETF GBP Hedged (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 GBP Hedged (Dist) was 1.56%, occurring on Mar 12, 2025. Recovery took 18 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-1.56%Mar 2025 | 26d | 26d | 1mo 22dFeb 2025 - Apr 2025 | 2025 selloff2025 |
-1.18%Mar 2022 | 1mo 16d | 4mo 1d | 5mo 17dFeb 2022 - Jul 2022 | Bear market2022 |
-1.18%Dec 2022 | 1mo 2d | 23d | 1mo 25dNov 2022 - Jan 2023 | Bear market2022 |
-1.18%Oct 2021 | 2mo 10d | 1mo 19d | 3mo 29dAug 2021 - Dec 2021 | — |
-1.07%Oct 2024 | 7d | 1mo 5d | 1mo 12dSep 2024 - Nov 2024 | — |
Drawdown Indicators
| CYGB.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.56% | -37.07% | +35.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -8.03% | +7.34% |
Max Drawdown (3Y)Largest decline over 3 years | -1.56% | -22.15% | +20.59% |
Max Drawdown (5Y)Largest decline over 5 years | -1.56% | -22.15% | +20.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.42% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -5.29% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 2.20% | -1.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with CYGB.L
Add iShares China CNY Bond UCITS ETF GBP Hedged (Dist) to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with CYGB.L