CYBE.AS vs. PR1H.DE
CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) and PR1H.DE (Amundi US Treasury Bond 0-1Y UCITS ETF EUR Hedged Acc) are both exchange-traded funds - CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while PR1H.DE is a Short-Term Bond fund actively managed by Amundi. CYBE.AS is passively managed, while PR1H.DE is actively managed. Over the past 5 years, CYBE.AS returned 3.85%/yr vs 1.41%/yr for PR1H.DE. At a 0.08 correlation, their price movements are largely independent. CYBE.AS charges 0.40%/yr vs 0.07%/yr for PR1H.DE.
Performance
CYBE.AS vs. PR1H.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 PR1H.DE's 0.69% 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*
- —
PR1H.DE
- 1D
- -0.01%
- 1M
- 0.13%
- YTD
- 0.69%
- 6M
- 0.84%
- 1Y
- 1.74%
- 3Y*
- 2.76%
- 5Y*
- 1.41%
- 10Y*
- —
CYBE.AS vs. PR1H.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% |
PR1H.DE Amundi US Treasury Bond 0-1Y UCITS ETF EUR Hedged Acc | 0.69% | 2.08% | 3.47% | 2.78% | -1.36% | -0.61% |
Correlation
The correlation between CYBE.AS and PR1H.DE is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.08 |
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Return for Risk
CYBE.AS vs. PR1H.DE — Risk / Return Rank
CYBE.AS
PR1H.DE
CYBE.AS vs. PR1H.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 US Treasury Bond 0-1Y UCITS ETF EUR Hedged Acc (PR1H.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 | PR1H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.93 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.86 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 14.80 | -13.21 |
| Martin ratioReturn relative to average drawdown | 3.03 | 68.95 | -65.92 |
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 | PR1H.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 3.83 | -3.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.77 | 1.56 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | 1.24 | +0.55 |
Drawdowns
CYBE.AS vs. PR1H.DE - Drawdown Comparison
The maximum CYBE.AS drawdown since its inception was -1.81%, smaller than the maximum PR1H.DE drawdown of -2.84%. Use the drawdown chart below to compare losses from any high point for CYBE.AS and PR1H.DE.
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Drawdown Indicators
| CYBE.AS | PR1H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -2.84% | +1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -0.12% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -1.81% | -0.26% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -1.81% | -2.22% | +0.41% |
Current DrawdownCurrent decline from peak | -0.62% | -0.01% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -0.76% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.03% | +0.55% |
Volatility
CYBE.AS vs. PR1H.DE - Volatility Comparison
iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) has a higher volatility of 1.41% compared to Amundi US Treasury Bond 0-1Y UCITS ETF EUR Hedged Acc (PR1H.DE) at 0.20%. This indicates that CYBE.AS's price experiences larger fluctuations and is considered to be riskier than PR1H.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 | PR1H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 0.20% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 0.35% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 0.45% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 0.90% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 0.89% | +1.31% |
CYBE.AS vs. PR1H.DE - Expense Ratio Comparison
CYBE.AS has a 0.40% expense ratio, which is higher than PR1H.DE's 0.07% expense ratio.
Dividends
CYBE.AS vs. PR1H.DE - Dividend Comparison
Neither CYBE.AS nor PR1H.DE has paid dividends to shareholders.
Frequently Asked Questions
CYBE.AS and PR1H.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1H.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1H.DE is cheaper with a 0.07% expense ratio, compared with 0.40% for CYBE.AS.
CYBE.AS is categorized as Emerging Markets Bonds, while PR1H.DE is Short-Term Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for CYBE.AS and 0.07% for PR1H.DE.
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