CYBE.AS vs. IB1T.DE
CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) and IB1T.DE (iShares Bitcoin ETP) are both exchange-traded funds - CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while IB1T.DE is a Cryptocurrency fund actively managed by iShares. CYBE.AS is passively managed, while IB1T.DE is actively managed. Over the past year, CYBE.AS returned 1.75% vs -40.55% for IB1T.DE. At a correlation of -0.07, they often move in opposite directions. CYBE.AS charges 0.40%/yr vs 0.25%/yr for IB1T.DE.
Performance
CYBE.AS vs. IB1T.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 IB1T.DE's -26.48% 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*
- —
IB1T.DE
- 1D
- -3.76%
- 1M
- -21.23%
- YTD
- -26.48%
- 6M
- -30.96%
- 1Y
- -40.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CYBE.AS vs. IB1T.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 1.79% | 1.28% |
IB1T.DE iShares Bitcoin ETP | -26.48% | -15.22% |
Correlation
The correlation between CYBE.AS and IB1T.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025 | -0.07 |
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Return for Risk
CYBE.AS vs. IB1T.DE — Risk / Return Rank
CYBE.AS
IB1T.DE
CYBE.AS vs. IB1T.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 Bitcoin ETP (IB1T.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 | IB1T.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.84 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | -0.82 | +2.40 |
| Martin ratioReturn relative to average drawdown | 3.03 | -1.44 | +4.47 |
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 | IB1T.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | -1.02 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | -0.81 | +2.60 |
Drawdowns
CYBE.AS vs. IB1T.DE - Drawdown Comparison
The maximum CYBE.AS drawdown since its inception was -1.81%, smaller than the maximum IB1T.DE drawdown of -49.39%. Use the drawdown chart below to compare losses from any high point for CYBE.AS and IB1T.DE.
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Drawdown Indicators
| CYBE.AS | IB1T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -49.39% | +47.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -49.39% | +48.30% |
Max Drawdown (3Y)Largest decline over 3 years | -1.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -1.81% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -48.64% | +48.02% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -20.44% | +20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 28.18% | -27.60% |
Volatility
CYBE.AS vs. IB1T.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) is 1.41%, while iShares Bitcoin ETP (IB1T.DE) has a volatility of 9.86%. This indicates that CYBE.AS experiences smaller price fluctuations and is considered to be less risky than IB1T.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 | IB1T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 9.86% | -8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 31.08% | -28.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 39.64% | -37.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 40.27% | -38.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 40.27% | -38.07% |
CYBE.AS vs. IB1T.DE - Expense Ratio Comparison
CYBE.AS has a 0.40% expense ratio, which is higher than IB1T.DE's 0.25% expense ratio.
Dividends
CYBE.AS vs. IB1T.DE - Dividend Comparison
Neither CYBE.AS nor IB1T.DE has paid dividends to shareholders.
Frequently Asked Questions
CYBE.AS and IB1T.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB1T.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB1T.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for CYBE.AS.
CYBE.AS is categorized as Emerging Markets Bonds, while IB1T.DE is Cryptocurrency. Their fees differ too: 0.40% for CYBE.AS and 0.25% for IB1T.DE.
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