CGB.DE vs. IS02.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - CGB.DE tracks the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, CGB.DE returned 3.23%/yr vs 2.67%/yr for IS02.DE. At a 0.38 correlation, their price movements are largely independent. CGB.DE charges 0.20%/yr vs 0.45%/yr for IS02.DE.
Performance
CGB.DE vs. IS02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CGB.DE achieves a 8.00% return, which is significantly higher than IS02.DE's 5.08% 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%
IS02.DE
- 1D
- 0.00%
- 1M
- 2.16%
- 6M
- 5.03%
- YTD
- 5.08%
- 1Y
- 12.38%
- 3Y*
- 7.43%
- 5Y*
- 2.67%
- 10Y*
- —
CGB.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.00% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | 2.86% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 5.08% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | -0.46% |
Correlation
The correlation between CGB.DE and IS02.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2020 | 0.38 |
The correlation between CGB.DE and IS02.DE shifts across timeframes, from 0.36 (5 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CGB.DE vs. IS02.DE — Risk / Return Rank
CGB.DE
IS02.DE
CGB.DE vs. IS02.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 J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 4.14 | -0.12 |
| Martin ratioReturn relative to average drawdown | 11.91 | 12.25 | -0.34 |
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Drawdowns
CGB.DE vs. IS02.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for CGB.DE and IS02.DE.
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Drawdown Indicators
| CGB.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -16.21% | -3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.00% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -12.85% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -16.21% | +2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.84% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -5.85% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.01% | -0.05% |
Volatility
CGB.DE vs. IS02.DE - Volatility Comparison
Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) have volatilities of 1.70% and 1.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGB.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.66% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 4.18% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 6.14% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 8.54% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 8.37% | +2.69% |
CGB.DE vs. IS02.DE - Expense Ratio Comparison
CGB.DE has a 0.20% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
CGB.DE vs. IS02.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 2.00%, while IS02.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGB.DE and IS02.DE have a correlation of 0.52, 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 0.45% for IS02.DE.
CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for CGB.DE and 0.45% for IS02.DE.
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