CYBE.AS vs. IUSQ.DE
CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 5 years, CYBE.AS returned 3.85%/yr vs 12.42%/yr for IUSQ.DE. At a 0.03 correlation, their price movements are largely independent. CYBE.AS charges 0.40%/yr vs 0.20%/yr for IUSQ.DE.
Performance
CYBE.AS vs. IUSQ.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 lower than IUSQ.DE's 12.65% 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*
- —
IUSQ.DE
- 1D
- -0.23%
- 1M
- 5.01%
- YTD
- 12.65%
- 6M
- 13.33%
- 1Y
- 26.56%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
CYBE.AS vs. IUSQ.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% | 1.99% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -13.58% | 21.62% |
Correlation
The correlation between CYBE.AS and IUSQ.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
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 | 0.03 |
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Return for Risk
CYBE.AS vs. IUSQ.DE — Risk / Return Rank
CYBE.AS
IUSQ.DE
CYBE.AS vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.43 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 4.08 | -2.50 |
| Martin ratioReturn relative to average drawdown | 3.03 | 16.69 | -13.66 |
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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 2.31 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.77 | 0.88 | +0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | 0.76 | +1.02 |
Drawdowns
CYBE.AS vs. IUSQ.DE - Drawdown Comparison
The maximum CYBE.AS drawdown since its inception was -1.81%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for CYBE.AS and IUSQ.DE.
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Drawdown Indicators
| CYBE.AS | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -33.60% | +31.79% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -6.48% | +5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -1.81% | -21.25% | +19.44% |
Max Drawdown (5Y)Largest decline over 5 years | -1.81% | -21.25% | +19.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -0.62% | -0.55% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -4.19% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.59% | -1.01% |
Volatility
CYBE.AS vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) is 1.41%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that CYBE.AS experiences smaller price fluctuations and is considered to be less risky than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 3.03% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 8.26% | -6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 11.47% | -8.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 13.94% | -11.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 15.02% | -12.82% |
CYBE.AS vs. IUSQ.DE - Expense Ratio Comparison
CYBE.AS has a 0.40% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
CYBE.AS vs. IUSQ.DE - Dividend Comparison
Neither CYBE.AS nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
CYBE.AS and IUSQ.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for CYBE.AS.
CYBE.AS is categorized as Emerging Markets Bonds, while IUSQ.DE is Global Equities. CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.40% for CYBE.AS and 0.20% for IUSQ.DE.
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