CGB.DE vs. IUS7.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - CGB.DE tracks the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index while IUS7.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 10 years, CGB.DE returned 2.41%/yr vs 2.54%/yr for IUS7.DE. At a 0.45 correlation, their price movements are largely independent. CGB.DE charges 0.20%/yr vs 0.45%/yr for IUS7.DE.
Performance
CGB.DE vs. IUS7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CGB.DE achieves a 8.22% return, which is significantly higher than IUS7.DE's 4.57% return. Over the past 10 years, CGB.DE has underperformed IUS7.DE with an annualized return of 2.41%, while IUS7.DE has yielded a comparatively higher 2.54% annualized return.
CGB.DE
- 1D
- -0.05%
- 1M
- 1.36%
- 6M
- 6.23%
- YTD
- 8.22%
- 1Y
- 9.90%
- 3Y*
- 4.82%
- 5Y*
- 3.10%
- 10Y*
- 2.41%
IUS7.DE
- 1D
- 0.04%
- 1M
- 0.71%
- 6M
- 2.88%
- YTD
- 4.57%
- 1Y
- 11.20%
- 3Y*
- 7.95%
- 5Y*
- 2.40%
- 10Y*
- 2.54%
CGB.DE vs. IUS7.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) | 8.22% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | 4.86% | 4.94% | -7.90% |
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 4.57% | 1.15% | 11.75% | 6.76% | -13.15% | 5.75% | -4.03% | 18.80% | -1.17% | -3.38% |
Correlation
The correlation between CGB.DE and IUS7.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | 0.45 |
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Return for Risk
CGB.DE vs. IUS7.DE — Risk / Return Rank
CGB.DE
IUS7.DE
CGB.DE vs. IUS7.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 (Dist) (IUS7.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 | IUS7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 3.60 | -0.12 |
| Martin ratioReturn relative to average drawdown | 10.44 | 10.55 | -0.11 |
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Drawdowns
CGB.DE vs. IUS7.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, smaller than the maximum IUS7.DE drawdown of -27.13%. Use the drawdown chart below to compare losses from any high point for CGB.DE and IUS7.DE.
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Drawdown Indicators
| CGB.DE | IUS7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -27.13% | +7.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.09% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -12.95% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -15.91% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -27.13% | +12.49% |
Current DrawdownCurrent decline from peak | -0.74% | -1.29% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -6.39% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.06% | -0.12% |
Volatility
CGB.DE vs. IUS7.DE - Volatility Comparison
Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a higher volatility of 1.51% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) at 1.20%. This indicates that CGB.DE's price experiences larger fluctuations and is considered to be riskier than IUS7.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 | IUS7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.20% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 4.04% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 6.08% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 8.56% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 11.00% | +0.06% |
CGB.DE vs. IUS7.DE - Expense Ratio Comparison
CGB.DE has a 0.20% expense ratio, which is lower than IUS7.DE's 0.45% expense ratio.
Dividends
CGB.DE vs. IUS7.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 1.99%, less than IUS7.DE's 5.70% 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% |
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 5.70% | 6.10% | 5.62% | 5.77% | 5.63% | 3.81% | 4.18% | 4.73% | 4.70% | 5.11% | 5.30% | 4.71% |
Frequently Asked Questions
CGB.DE and IUS7.DE have a correlation of 0.46, 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 IUS7.DE.
CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while IUS7.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 IUS7.DE.
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