- ISIN
- IE00BYPC1H27
- Issuer
- iShares
- Inception Date
- Mar 20, 2025
- Category
- Emerging Markets 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
ICGB.DE Performance Chart
iShares China CNY Bond UCITS ETF USD (Dist) (ICGB.DE) is up 7.9% since the beginning of the year. ICGB.DE is currently trading at €5 per share. Investors who bought €1,000 worth of ICGB.DE shares 5 years ago would now be looking at an investment worth €1,207.
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Returns By Period
iShares China CNY Bond UCITS ETF USD (Dist) (ICGB.DE) has returned 7.85% so far this year and 9.80% over the past 12 months.
iShares China CNY Bond UCITS ETF USD (Dist)
- 1D
- -0.20%
- 1M
- 1.25%
- 6M
- 7.38%
- YTD
- 7.85%
- 1Y
- 9.80%
- 3Y*
- 4.28%
- 5Y*
- 3.84%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
ICGB.DE Monthly Returns History
Based on dividend-adjusted daily data since Jul 24, 2019, ICGB.DE's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2021 with a return of +3.5%, while the worst month was Jul 2019 at -9.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ICGB.DE closed higher 40% of trading days. The best single day was Mar 19, 2020 with a return of +2.4%, while the worst single day was Jul 30, 2019 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.00% | 1.96% | 2.77% | -0.83% | 2.09% | 1.87% | -0.20% | 7.85% | |||||
| 2025 | 0.99% | -0.78% | -3.75% | -3.70% | 0.85% | -2.64% | 1.97% | -1.51% | -0.44% | 2.19% | 0.00% | -0.38% | -7.16% |
| 2024 | 2.16% | 0.84% | -0.21% | 1.26% | -1.24% | 2.06% | 0.42% | -0.21% | 0.21% | 1.45% | 2.24% | 1.90% | 11.36% |
| 2023 | 0.41% | -0.20% | -0.82% | -1.65% | 1.47% | -3.93% | 1.09% | 0.43% | 1.72% | -0.21% | -0.42% | -0.04% | -2.27% |
| 2022 | 2.02% | 0.20% | 0.79% | 1.18% | -1.74% | 2.05% | 2.75% | 0.00% | -0.95% | -2.70% | -2.18% | -0.14% | 1.10% |
| 2021 | 3.00% | -0.45% | 2.70% | -0.44% | 0.44% | 1.66% | 1.31% | 0.86% | 2.35% | 0.63% | 3.53% | 0.58% | 17.31% |
Benchmark Metrics
iShares China CNY Bond UCITS ETF USD (Dist) has an annualized alpha of 2.29%, beta of 0.06, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since July 24, 2019.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (9.52%) than losses (2.88%) - typical of diversified or defensive assets.
- Beta of 0.06 may look defensive, but with R2 of 0.03 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 0.03 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
- 2.29%
- Beta
- 0.06
- R²
- 0.03
- Upside Capture
- 9.52%
- Downside Capture
- 2.88%
Expense Ratio
ICGB.DE has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ICGB.DE ranks 70 for risk / return — better than 70% 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 USD (Dist) (ICGB.DE) 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.
| ICGB.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.18 | +0.34 |
| Martin ratioReturn relative to average drawdown | 9.25 | 11.76 | -2.52 |
Dividends
Dividend History
iShares China CNY Bond UCITS ETF USD (Dist) provided a 1.69% dividend yield over the last twelve months, with an annual payout of €0.08 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | €0.08 | €0.09 | €0.11 | €0.12 | €0.14 | €0.13 | €0.11 | €0.04 |
Dividend yield | 1.69% | 1.92% | 2.22% | 2.58% | 2.80% | 2.71% | 2.63% | 0.95% |
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 | €0.05 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.04 | €0.09 |
| 2024 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.06 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.05 | €0.11 |
| 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 | €0.14 |
| 2021 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.07 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.07 | €0.13 |
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 13.36%, occurring on Jul 19, 2023. Recovery took 359 trading sessions.
The current iShares China CNY Bond UCITS ETF USD (Dist) drawdown is 1.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -13.36%Jul 2023 | 11mo | 1y 4mo | 2y 3moAug 2022 - Dec 2024 |
2020 correction2020 | -13.26%Jul 2020 | 1y 5d | 1y 2mo | 2y 2moJul 2019 - Sep 2021 |
2025 correction2025 | -11.17%Sep 2025 | 8mo 5d | — | 1y 5moJan 2025 - now |
Bear market2022 | -4.02%May 2022 | 1mo 7d | 1mo 10d | 2mo 17dApr 2022 - Jul 2022 |
Bear market2022 | -3.14%Feb 2022 | 10d | 19d | 29dJan 2022 - Mar 2022 |
Drawdown Indicators
| ICGB.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.36% | -51.62% | +38.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -7.57% | +4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -11.17% | -23.99% | +12.82% |
Max Drawdown (5Y)Largest decline over 5 years | -13.36% | -23.99% | +10.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -1.82% | -0.43% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -9.08% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 2.04% | -0.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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