CYBE.AS vs. 2B7S.DE
CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) and 2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) are both exchange-traded funds - CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while 2B7S.DE is a Government Bonds fund tracking the ICE US Treasury 1-3 Year (EUR Hedged) Index. Both are passively managed. Over the past 5 years, CYBE.AS returned 3.85%/yr vs -0.00%/yr for 2B7S.DE. At a 0.11 correlation, their price movements are largely independent. CYBE.AS charges 0.40%/yr vs 0.10%/yr for 2B7S.DE.
Performance
CYBE.AS vs. 2B7S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CYBE.AS achieves a 1.79% return, which is significantly higher than 2B7S.DE's -0.08% return.
CYBE.AS
- 1D
- 0.07%
- 1M
- 0.63%
- YTD
- 1.79%
- 6M
- 1.92%
- 1Y
- 1.75%
- 3Y*
- 5.12%
- 5Y*
- 3.85%
- 10Y*
- —
2B7S.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- -0.08%
- 6M
- -0.01%
- 1Y
- 1.30%
- 3Y*
- 2.30%
- 5Y*
- -0.00%
- 10Y*
- —
CYBE.AS vs. 2B7S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 1.79% | 0.34% | 10.03% | 5.64% | 0.42% | 1.82% |
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.08% | 2.92% | 2.36% | 1.95% | -5.70% | -1.18% |
Correlation
The correlation between CYBE.AS and 2B7S.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.11 |
The correlation between CYBE.AS and 2B7S.DE shifts across timeframes, from -0.11 (1 year) to 0.11 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CYBE.AS vs. 2B7S.DE — Risk / Return Rank
CYBE.AS
2B7S.DE
CYBE.AS vs. 2B7S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) and iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.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.
| CYBE.AS | 2B7S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.51 | +0.07 |
| Martin ratioReturn relative to average drawdown | 3.03 | 4.17 | -1.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CYBE.AS | 2B7S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.00 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.77 | -0.00 | +1.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | -0.00 | +1.78 |
Drawdowns
CYBE.AS vs. 2B7S.DE - Drawdown Comparison
The maximum CYBE.AS drawdown since its inception was -1.81%, smaller than the maximum 2B7S.DE drawdown of -7.76%. Use the drawdown chart below to compare losses from any high point for CYBE.AS and 2B7S.DE.
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Drawdown Indicators
| CYBE.AS | 2B7S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -7.76% | +5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -0.85% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.81% | -1.14% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -1.81% | -7.72% | +5.91% |
Current DrawdownCurrent decline from peak | -0.62% | -0.58% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -3.30% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.31% | +0.27% |
Volatility
CYBE.AS vs. 2B7S.DE - Volatility Comparison
iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) has a higher volatility of 1.41% compared to iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) at 0.47%. This indicates that CYBE.AS's price experiences larger fluctuations and is considered to be riskier than 2B7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CYBE.AS | 2B7S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 0.47% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 0.92% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 1.29% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 1.99% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 1.96% | +0.24% |
CYBE.AS vs. 2B7S.DE - Expense Ratio Comparison
CYBE.AS has a 0.40% expense ratio, which is higher than 2B7S.DE's 0.10% expense ratio.
Dividends
CYBE.AS vs. 2B7S.DE - Dividend Comparison
Neither CYBE.AS nor 2B7S.DE has paid dividends to shareholders.
Frequently Asked Questions
CYBE.AS and 2B7S.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for CYBE.AS.
CYBE.AS is categorized as Emerging Markets Bonds, while 2B7S.DE is Government Bonds. CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index, while 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index. Their fees differ too: 0.40% for CYBE.AS and 0.10% for 2B7S.DE.
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