CGB.DE vs. CEB0.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) are both Emerging Markets Bonds funds - CGB.DE tracks the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index while CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index. Both are passively managed. Over the past year, CGB.DE returned 11.41% vs 1.29% for CEB0.DE. At a 0.15 correlation, their price movements are largely independent. CGB.DE charges 0.20%/yr vs 0.40%/yr for CEB0.DE.
Performance
CGB.DE vs. CEB0.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CGB.DE achieves a 8.00% return, which is significantly higher than CEB0.DE's 1.97% return.
CGB.DE
- 1D
- 0.40%
- 1M
- 1.32%
- 6M
- 7.77%
- YTD
- 8.00%
- 1Y
- 11.41%
- 3Y*
- 3.87%
- 5Y*
- 3.23%
- 10Y*
- 2.48%
CEB0.DE
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 1.89%
- YTD
- 1.97%
- 1Y
- 1.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGB.DE vs. CEB0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.00% | -6.58% | 7.55% |
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.97% | 0.43% | 6.85% |
Correlation
The correlation between CGB.DE and CEB0.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGB.DE vs. CEB0.DE — Risk / Return Rank
CGB.DE
CEB0.DE
CGB.DE vs. CEB0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) and iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE). 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.
| CGB.DE | CEB0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.14 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 1.16 | +2.86 |
| Martin ratioReturn relative to average drawdown | 11.91 | 2.44 | +9.47 |
Loading charts...
Drawdowns
CGB.DE vs. CEB0.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, which is greater than CEB0.DE's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for CGB.DE and CEB0.DE.
Loading charts...
Drawdown Indicators
| CGB.DE | CEB0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -1.83% | -18.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -1.11% | -1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.06% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -0.37% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.48% | +0.48% |
Volatility
CGB.DE vs. CEB0.DE - Volatility Comparison
Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a higher volatility of 1.70% compared to iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) at 0.57%. This indicates that CGB.DE's price experiences larger fluctuations and is considered to be riskier than CEB0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGB.DE | CEB0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.57% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 1.48% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 1.75% | +4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 2.02% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 2.02% | +9.04% |
CGB.DE vs. CEB0.DE - Expense Ratio Comparison
CGB.DE has a 0.20% expense ratio, which is lower than CEB0.DE's 0.40% expense ratio.
Dividends
CGB.DE vs. CEB0.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 2.00%, more than CEB0.DE's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.71% | 1.84% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 2.00% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% |
Frequently Asked Questions
CGB.DE and CEB0.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGB.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for CEB0.DE.
CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for CGB.DE and 0.40% for CEB0.DE.
Find the right allocation for CGB.DE and CEB0.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer