CEMF.DE vs. CYBE.AS

Last updated Jun 5, 2026

CEMF.DE (iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc) and CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) are both exchange-traded funds - CEMF.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 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. At a 0.07 correlation, their price movements are largely independent. CEMF.DE charges 0.10%/yr vs 0.40%/yr for CYBE.AS.

Performance

CEMF.DE vs. CYBE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.DE) and iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEMF.DE achieves a -1.42% return, which is significantly lower than CYBE.AS's 1.67% return.

CEMF.DE

• 1D: 0.28%
• 1M: 0.27%
• YTD: -1.42%
• 6M: -0.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CYBE.AS

• 1D: 0.28%
• 1M: 0.16%
• YTD: 1.67%
• 6M: 1.84%
• 1Y: 1.50%
• 3Y*: 4.94%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEMF.DE vs. CYBE.AS - Yearly Performance Comparison

	2026 (YTD)	2025
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc	-1.42%	2.99%
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc	1.67%	-0.00%

Correlation

The correlation between CEMF.DE and CYBE.AS is 0.07, 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 (All Time) Calculated using the full available price history since Jul 29, 2025	0.07

Return for Risk

CEMF.DE vs. CYBE.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEMF.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CYBE.AS

CYBE.AS Risk / Return Rank: 20
CYBE.AS Sharpe Ratio Rank: 16
CYBE.AS Sortino Ratio Rank: 15
CYBE.AS Omega Ratio Rank: 15
CYBE.AS Calmar Ratio Rank: 29
CYBE.AS Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEMF.DE vs. CYBE.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.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.

	CEMF.DE	CYBE.AS	Difference
Sharpe ratio: Return per unit of total volatility	—	0.45	—
Sortino ratio: Return per unit of downside risk	—	0.67	—
Omega ratio: Gain probability vs. loss probability	—	1.08	—
Calmar ratio: Return relative to maximum drawdown	—	1.28	—
Martin ratio: Return relative to average drawdown	—	2.52	—

Drawdowns

CEMF.DE vs. CYBE.AS - Drawdown Comparison

The maximum CEMF.DE drawdown since its inception was -4.45%, 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 CEMF.DE and CYBE.AS.

Drawdown Indicators

	CEMF.DE	CYBE.AS	Difference
Max Drawdown Largest peak-to-trough decline	-4.45%	-1.83%	-2.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.83%	—
Current Drawdown Current decline from peak	-2.97%	-0.70%	-2.27%
Average Drawdown Average peak-to-trough decline	-1.19%	-0.44%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.59%	—

Volatility

Volatility by Period

	CEMF.DE	CYBE.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.63%	3.31%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	2.71%	+1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.63%	2.71%	+1.92%

CEMF.DE vs. CYBE.AS - Expense Ratio Comparison

CEMF.DE has a 0.10% expense ratio, which is lower than CYBE.AS's 0.40% expense ratio.

Dividends

CEMF.DE vs. CYBE.AS - Dividend Comparison

Neither CEMF.DE nor CYBE.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CEMF.DE and CYBE.AS in my portfolio?

CEMF.DE and CYBE.AS have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CEMF.DE or CYBE.AS?

On fees, CEMF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CEMF.DE or CYBE.AS?

CEMF.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for CYBE.AS.

What is the main difference between CEMF.DE and CYBE.AS?

CEMF.DE is categorized as Government Bonds, while CYBE.AS is Emerging Markets Bonds. CEMF.DE tracks ICE US Treasury 7-10 Year (EUR Hedged) Index, while CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.10% for CEMF.DE and 0.40% for CYBE.AS.