CYBE.AS vs. MWOE.DE
CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) and MWOE.DE (Amundi MSCI World 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 MWOE.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, CYBE.AS returned 5.12%/yr vs 17.43%/yr for MWOE.DE. At a 0.04 correlation, their price movements are largely independent. CYBE.AS charges 0.40%/yr vs 0.12%/yr for MWOE.DE.
Performance
CYBE.AS vs. MWOE.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 MWOE.DE's 10.64% 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*
- —
MWOE.DE
- 1D
- -0.02%
- 1M
- 4.82%
- YTD
- 10.64%
- 6M
- 11.12%
- 1Y
- 23.65%
- 3Y*
- 17.43%
- 5Y*
- —
- 10Y*
- —
CYBE.AS vs. MWOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 1.79% | 0.34% | 10.03% | 5.64% | 0.96% |
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 10.64% | 7.87% | 25.72% | 19.87% | 0.54% |
Correlation
The correlation between CYBE.AS and MWOE.DE is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.04 |
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Return for Risk
CYBE.AS vs. MWOE.DE — Risk / Return Rank
CYBE.AS
MWOE.DE
CYBE.AS vs. MWOE.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 Amundi MSCI World UCITS ETF - USD Dist (MWOE.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 | MWOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 3.49 | -1.91 |
| Martin ratioReturn relative to average drawdown | 3.03 | 13.79 | -10.76 |
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 | MWOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 2.12 | -1.43 |
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 | 1.21 | +0.58 |
Drawdowns
CYBE.AS vs. MWOE.DE - Drawdown Comparison
The maximum CYBE.AS drawdown since its inception was -1.81%, smaller than the maximum MWOE.DE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for CYBE.AS and MWOE.DE.
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Drawdown Indicators
| CYBE.AS | MWOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -21.83% | +20.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -6.74% | +5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -1.81% | -21.83% | +20.02% |
Max Drawdown (5Y)Largest decline over 5 years | -1.81% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -0.33% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -3.61% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.71% | -1.13% |
Volatility
CYBE.AS vs. MWOE.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) is 1.41%, while Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) has a volatility of 2.63%. This indicates that CYBE.AS experiences smaller price fluctuations and is considered to be less risky than MWOE.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 | MWOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.63% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 7.67% | -5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 11.08% | -8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 13.41% | -11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 13.41% | -11.21% |
CYBE.AS vs. MWOE.DE - Expense Ratio Comparison
CYBE.AS has a 0.40% expense ratio, which is higher than MWOE.DE's 0.12% expense ratio.
Dividends
CYBE.AS vs. MWOE.DE - Dividend Comparison
CYBE.AS has not paid dividends to shareholders, while MWOE.DE's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% |
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 0.95% | 1.33% | 1.20% | 0.58% |
Frequently Asked Questions
CYBE.AS and MWOE.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOE.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for CYBE.AS.
CYBE.AS is categorized as Emerging Markets Bonds, while MWOE.DE is Global Equities. CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index, while MWOE.DE tracks MSCI World. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for CYBE.AS and 0.12% for MWOE.DE.
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