CYBE.AS vs. IDVY.AS

Last updated Jun 5, 2026

CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) and IDVY.AS (iShares Euro Dividend UCITS ETF) are both exchange-traded funds - CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while IDVY.AS is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, CYBE.AS returned 3.85%/yr vs 9.08%/yr for IDVY.AS. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.

Performance

CYBE.AS vs. IDVY.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) and iShares Euro Dividend UCITS ETF (IDVY.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CYBE.AS achieves a 1.79% return, which is significantly lower than IDVY.AS's 8.21% 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*: —

IDVY.AS

• 1D: 0.33%
• 1M: 3.43%
• YTD: 8.21%
• 6M: 11.08%
• 1Y: 21.10%
• 3Y*: 20.03%
• 5Y*: 9.08%
• 10Y*: 7.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CYBE.AS vs. IDVY.AS - 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%	1.99%
IDVY.AS iShares Euro Dividend UCITS ETF	8.21%	41.92%	8.62%	4.42%	-13.82%	11.67%

Correlation

The correlation between CYBE.AS and IDVY.AS is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021	0.05

Return for Risk

CYBE.AS vs. IDVY.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CYBE.AS

CYBE.AS Risk / Return Rank: 24
CYBE.AS Sharpe Ratio Rank: 21
CYBE.AS Sortino Ratio Rank: 20
CYBE.AS Omega Ratio Rank: 21
CYBE.AS Calmar Ratio Rank: 33
CYBE.AS Martin Ratio Rank: 24

IDVY.AS

IDVY.AS Risk / Return Rank: 52
IDVY.AS Sharpe Ratio Rank: 52
IDVY.AS Sortino Ratio Rank: 52
IDVY.AS Omega Ratio Rank: 54
IDVY.AS Calmar Ratio Rank: 54
IDVY.AS Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CYBE.AS vs. IDVY.AS - 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 Euro Dividend UCITS ETF (IDVY.AS). 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	IDVY.AS	Difference
Sharpe ratio: Return per unit of total volatility	0.69	1.77	-1.08
Sortino ratio: Return per unit of downside risk	1.04	2.47	-1.43
Omega ratio: Gain probability vs. loss probability	1.14	1.33	-0.19
Calmar ratio: Return relative to maximum drawdown	1.58	2.61	-1.03
Martin ratio: Return relative to average drawdown	3.03	8.13	-5.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CYBE.AS vs. IDVY.AS - Sharpe Ratio Comparison

The current CYBE.AS Sharpe Ratio is 0.69, which is lower than the IDVY.AS Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of CYBE.AS and IDVY.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CYBE.AS	IDVY.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	1.77	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.77	0.60	+1.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.23	+1.55

Drawdowns

CYBE.AS vs. IDVY.AS - Drawdown Comparison

The maximum CYBE.AS drawdown since its inception was -1.81%, smaller than the maximum IDVY.AS drawdown of -71.33%. Use the drawdown chart below to compare losses from any high point for CYBE.AS and IDVY.AS.

Drawdown Indicators

	CYBE.AS	IDVY.AS	Difference
Max Drawdown Largest peak-to-trough decline	-1.81%	-71.33%	+69.52%
Max Drawdown (1Y) Largest decline over 1 year	-1.09%	-7.97%	+6.88%
Max Drawdown (3Y) Largest decline over 3 years	-1.81%	-12.81%	+11.00%
Max Drawdown (5Y) Largest decline over 5 years	-1.81%	-24.57%	+22.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.34%	—
Current Drawdown Current decline from peak	-0.62%	-1.42%	+0.80%
Average Drawdown Average peak-to-trough decline	-0.42%	-22.54%	+22.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	2.57%	-1.99%

Volatility

CYBE.AS vs. IDVY.AS - Volatility Comparison

The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) is 1.41%, while iShares Euro Dividend UCITS ETF (IDVY.AS) has a volatility of 3.54%. This indicates that CYBE.AS experiences smaller price fluctuations and is considered to be less risky than IDVY.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CYBE.AS	IDVY.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	3.54%	-2.13%
Volatility (6M) Calculated over the trailing 6-month period	2.16%	9.62%	-7.46%
Volatility (1Y) Calculated over the trailing 1-year period	2.51%	11.77%	-9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.22%	14.80%	-12.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.20%	17.26%	-15.06%

CYBE.AS vs. IDVY.AS - Expense Ratio Comparison

Both CYBE.AS and IDVY.AS have an expense ratio of 0.40%.

Dividends

CYBE.AS vs. IDVY.AS - Dividend Comparison

CYBE.AS has not paid dividends to shareholders, while IDVY.AS's dividend yield for the trailing twelve months is around 3.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDVY.AS iShares Euro Dividend UCITS ETF	3.99%	4.36%	5.85%	5.84%	5.28%	3.68%	3.57%	4.84%	4.76%	3.91%	3.97%	4.00%

Frequently Asked Questions

Can I hold both CYBE.AS and IDVY.AS in my portfolio?

CYBE.AS and IDVY.AS have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CYBE.AS or IDVY.AS?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CYBE.AS or IDVY.AS?

CYBE.AS and IDVY.AS have the same expense ratio: 0.40% per year.

What is the main difference between CYBE.AS and IDVY.AS?

CYBE.AS is categorized as Emerging Markets Bonds, while IDVY.AS is Europe Equities. CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index, while IDVY.AS tracks MSCI EMU NR EUR.