2B7S.DE vs. CYBE.AS
2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) and CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) are both exchange-traded funds - 2B7S.DE is a Government Bonds fund tracking the ICE US Treasury 1-3 Year (EUR Hedged) Index, while CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 3 years, 2B7S.DE returned 2.41%/yr vs 4.94%/yr for CYBE.AS. At a 0.10 correlation, their price movements are largely independent. 2B7S.DE charges 0.10%/yr vs 0.40%/yr for CYBE.AS.
Performance
2B7S.DE vs. CYBE.AS - Performance Comparison
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Returns By Period
In the year-to-date period, 2B7S.DE achieves a -0.20% return, which is significantly lower than CYBE.AS's 1.67% return.
2B7S.DE
- 1D
- 0.20%
- 1M
- 0.20%
- YTD
- -0.20%
- 6M
- 0.00%
- 1Y
- 1.20%
- 3Y*
- 2.41%
- 5Y*
- 0.00%
- 10Y*
- —
CYBE.AS
- 1D
- 0.28%
- 1M
- 0.16%
- YTD
- 1.67%
- 6M
- 1.84%
- 1Y
- 1.50%
- 3Y*
- 4.94%
- 5Y*
- —
- 10Y*
- —
2B7S.DE vs. CYBE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | 2.49% | 1.90% | -5.78% | -0.99% |
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 1.67% | 0.17% | 10.33% | 5.57% | 0.42% | 0.25% |
Correlation
The correlation between 2B7S.DE and CYBE.AS is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.10 |
The correlation between 2B7S.DE and CYBE.AS shifts across timeframes, from -0.02 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
2B7S.DE vs. CYBE.AS — Risk / Return Rank
2B7S.DE
CYBE.AS
2B7S.DE vs. CYBE.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) and iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS). 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.
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.
| 2B7S.DE | CYBE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.08 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.28 | -0.06 |
| Martin ratioReturn relative to average drawdown | 3.28 | 2.52 | +0.76 |
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Drawdowns
2B7S.DE vs. CYBE.AS - Drawdown Comparison
The maximum 2B7S.DE drawdown since its inception was -7.68%, which is greater than CYBE.AS's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for 2B7S.DE and CYBE.AS.
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Drawdown Indicators
| 2B7S.DE | CYBE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -1.83% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -1.16% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -1.83% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -7.68% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.70% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -0.44% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.59% | -0.23% |
Volatility
2B7S.DE vs. CYBE.AS - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) is 0.81%, while iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) has a volatility of 1.42%. This indicates that 2B7S.DE experiences smaller price fluctuations and is considered to be less risky than CYBE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B7S.DE | CYBE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 1.42% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 2.75% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 3.31% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.50% | 2.71% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 2.71% | -0.26% |
2B7S.DE vs. CYBE.AS - Expense Ratio Comparison
2B7S.DE has a 0.10% expense ratio, which is lower than CYBE.AS's 0.40% expense ratio.
Dividends
2B7S.DE vs. CYBE.AS - Dividend Comparison
Neither 2B7S.DE nor CYBE.AS has paid dividends to shareholders.
Frequently Asked Questions
2B7S.DE and CYBE.AS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for CYBE.AS.
2B7S.DE is categorized as Government Bonds, while CYBE.AS is Emerging Markets Bonds. 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index, while CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.10% for 2B7S.DE and 0.40% for CYBE.AS.
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