CGB.DE vs. IS0S.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and IS0S.DE (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds - CGB.DE tracks the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index while IS0S.DE tracks the Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index. Both are passively managed. Over the past 10 years, CGB.DE returned 2.45%/yr vs 0.67%/yr for IS0S.DE. A 0.59 correlation means they provide meaningful diversification when combined. CGB.DE charges 0.20%/yr vs 0.50%/yr for IS0S.DE.
Performance
CGB.DE vs. IS0S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CGB.DE achieves a 8.16% return, which is significantly higher than IS0S.DE's -3.46% return. Over the past 10 years, CGB.DE has outperformed IS0S.DE with an annualized return of 2.45%, while IS0S.DE has yielded a comparatively lower 0.67% annualized return.
CGB.DE
- 1D
- 0.35%
- 1M
- 1.57%
- 6M
- 7.02%
- YTD
- 8.16%
- 1Y
- 9.96%
- 3Y*
- 4.67%
- 5Y*
- 3.09%
- 10Y*
- 2.45%
IS0S.DE
- 1D
- -0.18%
- 1M
- 0.75%
- 6M
- -3.74%
- YTD
- -3.46%
- 1Y
- -5.27%
- 3Y*
- 0.15%
- 5Y*
- 0.18%
- 10Y*
- 0.67%
CGB.DE vs. IS0S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.16% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | 4.86% | 4.94% | -7.90% |
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -3.46% | -5.90% | 7.58% | 1.14% | -1.88% | 3.53% | -0.48% | 11.65% | 2.34% | -1.14% |
Correlation
The correlation between CGB.DE and IS0S.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | 0.59 |
The correlation between CGB.DE and IS0S.DE has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
CGB.DE vs. IS0S.DE — Risk / Return Rank
CGB.DE
IS0S.DE
CGB.DE vs. IS0S.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 Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.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 | IS0S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.67 | ||
| Sortino ratioReturn per unit of downside risk | +3.78 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.85 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | -0.67 | +4.18 |
| Martin ratioReturn relative to average drawdown | 10.39 | -1.22 | +11.60 |
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Drawdowns
CGB.DE vs. IS0S.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, smaller than the maximum IS0S.DE drawdown of -30.09%. Use the drawdown chart below to compare losses from any high point for CGB.DE and IS0S.DE.
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Drawdown Indicators
| CGB.DE | IS0S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -30.09% | +10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -7.85% | +5.02% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -12.92% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -12.92% | -1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -16.46% | +1.82% |
Current DrawdownCurrent decline from peak | -0.79% | -11.12% | +10.33% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -9.53% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 4.33% | -3.37% |
Volatility
CGB.DE vs. IS0S.DE - Volatility Comparison
Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a higher volatility of 1.78% compared to iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.DE) at 1.27%. This indicates that CGB.DE's price experiences larger fluctuations and is considered to be riskier than IS0S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGB.DE | IS0S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.27% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 4.07% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.84% | 5.51% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 6.20% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 10.36% | +0.70% |
CGB.DE vs. IS0S.DE - Expense Ratio Comparison
CGB.DE has a 0.20% expense ratio, which is lower than IS0S.DE's 0.50% expense ratio.
Dividends
CGB.DE vs. IS0S.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 1.99%, more than IS0S.DE's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 1.99% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% | 0.00% |
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 1.76% | 3.49% | 2.94% | 2.89% | 2.96% | 2.30% | 3.05% | 2.44% | 2.50% | 2.19% | 2.90% | 1.15% |
Frequently Asked Questions
CGB.DE and IS0S.DE have a correlation of 0.53, 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 0.50% for IS0S.DE.
CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while IS0S.DE tracks Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for CGB.DE and 0.50% for IS0S.DE.
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