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CYBE.AS vs. IPRV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CYBE.AS vs. IPRV.L

Last updated Jun 5, 2026

CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) and IPRV.L (iShares Listed Private Equity UCITS ETF USD (Dist)) are both exchange-traded funds - CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while IPRV.L is a Financials Equities fund tracking the S&P Listed Private Equity Index. Both are passively managed. Over the past 5 years, CYBE.AS returned 3.85%/yr vs 6.19%/yr for IPRV.L. At a 0.04 correlation, their price movements are largely independent. CYBE.AS charges 0.40%/yr vs 0.75%/yr for IPRV.L.

Performance

CYBE.AS vs. IPRV.L - 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 Listed Private Equity UCITS ETF USD (Dist) (IPRV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CYBE.AS is traded in EUR, while IPRV.L is traded in GBp. To make them comparable, the IPRV.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CYBE.AS achieves a 1.79% return, which is significantly higher than IPRV.L's -11.30% 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*
—

IPRV.L

1D
2.53%
1M
-3.09%
YTD
-11.30%
6M
-9.64%
1Y
-10.12%
3Y*
10.16%
5Y*
6.19%
10Y*
11.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CYBE.AS vs. IPRV.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
CYBE.AS
iShares China CNY Bond UCITS ETF EUR Hedged Acc		1.79%0.34%10.03%5.64%0.42%1.99%
IPRV.L
iShares Listed Private Equity UCITS ETF USD (Dist)		-11.30%-9.62%33.08%35.73%-23.48%38.88%

Correlation

The correlation between CYBE.AS and IPRV.L is -0.02, 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

-0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.05

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Mar 9, 2021

0.04

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iShares China CNY Bond UCITS ETF EUR Hedged Acc

iShares Listed Private Equity UCITS ETF USD (Dist)

Often compared with CYBE.AS:
CYBE.AS vs. XDWS.DECYBE.AS vs. XDWU.DECYBE.AS vs. WGLD.DECYBE.AS vs. XWTS.DECYBE.AS vs. IUST.DECYBE.AS vs. IB1T.DECYBE.AS vs. XDEM.DE
Often compared with IPRV.L:
IPRV.L vs. SPYIPRV.L vs. QQQ3.LIPRV.L vs. IWMO.LIPRV.L vs. BRK-BIPRV.L vs. BXIPRV.L vs. SWDA.LIPRV.L vs. HMWO.L

Return for Risk

CYBE.AS vs. IPRV.L — 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: 2424
Overall Rank
CYBE.AS Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
CYBE.AS Sortino Ratio Rank: 2020
Sortino Ratio Rank
CYBE.AS Omega Ratio Rank: 2121
Omega Ratio Rank
CYBE.AS Calmar Ratio Rank: 3333
Calmar Ratio Rank
CYBE.AS Martin Ratio Rank: 2424
Martin Ratio Rank
IPRV.L
IPRV.L Risk / Return Rank: 66
Overall Rank
IPRV.L Sharpe Ratio Rank: 55
Sharpe Ratio Rank
IPRV.L Sortino Ratio Rank: 55
Sortino Ratio Rank
IPRV.L Omega Ratio Rank: 55
Omega Ratio Rank
IPRV.L Calmar Ratio Rank: 66
Calmar Ratio Rank
IPRV.L Martin Ratio Rank: 66
Martin Ratio Rank
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. IPRV.L - 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 Listed Private Equity UCITS ETF USD (Dist) (IPRV.L). 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.ASIPRV.LDifference
Sharpe ratioReturn per unit of total volatility
0.69
-0.52

+1.21

Sortino ratioReturn per unit of downside risk
1.04
-0.61

+1.65

Omega ratioGain probability vs. loss probability

1.14

0.93

+0.21

Calmar ratioReturn relative to maximum drawdown

1.58

-0.42

+2.00

Martin ratioReturn relative to average drawdown

3.03

-0.86

+3.89

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. IPRV.L - Sharpe Ratio Comparison

The current CYBE.AS Sharpe Ratio is 0.69, which is higher than the IPRV.L Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of CYBE.AS and IPRV.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CYBE.ASIPRV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.69

-0.52

+1.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.77

0.30

+1.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.78

0.15

+1.64

Drawdowns

CYBE.AS vs. IPRV.L - Drawdown Comparison

The maximum CYBE.AS drawdown since its inception was -1.81%, smaller than the maximum IPRV.L drawdown of -78.99%. Use the drawdown chart below to compare losses from any high point for CYBE.AS and IPRV.L.

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Drawdown Indicators

CYBE.ASIPRV.LDifference

Max Drawdown

Largest peak-to-trough decline

-1.81%

-78.99%

+77.18%

Max Drawdown (1Y)

Largest decline over 1 year

-1.09%

-24.09%

+23.00%

Max Drawdown (3Y)

Largest decline over 3 years

-1.81%

-30.60%

+28.79%

Max Drawdown (5Y)

Largest decline over 5 years

-1.81%

-30.60%

+28.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-50.57%

—

Current Drawdown

Current decline from peak

-0.62%

-25.07%

+24.45%

Average Drawdown

Average peak-to-trough decline

-0.42%

-14.57%

+14.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.58%

11.76%

-11.18%

Volatility

CYBE.AS vs. IPRV.L - Volatility Comparison

The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) is 1.41%, while iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) has a volatility of 5.68%. This indicates that CYBE.AS experiences smaller price fluctuations and is considered to be less risky than IPRV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CYBE.ASIPRV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.41%

5.68%

-4.27%

Volatility (6M)

Calculated over the trailing 6-month period

2.16%

15.33%

-13.17%

Volatility (1Y)

Calculated over the trailing 1-year period

2.51%

19.35%

-16.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.22%

20.35%

-18.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.20%

21.43%

-19.23%

CYBE.AS vs. IPRV.L - Expense Ratio Comparison

CYBE.AS has a 0.40% expense ratio, which is lower than IPRV.L's 0.75% expense ratio.

Dividends

CYBE.AS vs. IPRV.L - Dividend Comparison

CYBE.AS has not paid dividends to shareholders, while IPRV.L's dividend yield for the trailing twelve months is around 5.23%.

PositionTTM20252024202320222021202020192018201720162015
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%
IPRV.L
iShares Listed Private Equity UCITS ETF USD (Dist)		5.23%3.98%3.81%4.27%5.26%3.42%4.85%4.28%6.46%6.70%5.33%8.21%

Frequently Asked Questions

CYBE.AS and IPRV.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CYBE.AS is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CYBE.AS is cheaper with a 0.40% expense ratio, compared with 0.75% for IPRV.L.

CYBE.AS is categorized as Emerging Markets Bonds, while IPRV.L is Financials Equities. CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index, while IPRV.L tracks S&P Listed Private Equity Index. Their fees differ too: 0.40% for CYBE.AS and 0.75% for IPRV.L.

Portfolio Optimizer

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