CYBE.AS vs. WGLD.DE
CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) and WGLD.DE (WisdomTree Core Physical Gold) are both exchange-traded funds - CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while WGLD.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, CYBE.AS returned 3.85%/yr vs 19.71%/yr for WGLD.DE. At a 0.01 correlation, their price movements are largely independent. CYBE.AS charges 0.40%/yr vs 0.12%/yr for WGLD.DE.
Performance
CYBE.AS vs. WGLD.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 WGLD.DE's 2.75% 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*
- —
WGLD.DE
- 1D
- 0.59%
- 1M
- -1.57%
- YTD
- 2.75%
- 6M
- 6.40%
- 1Y
- 30.17%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
CYBE.AS vs. WGLD.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% | 2.18% |
WGLD.DE WisdomTree Core Physical Gold | 2.75% | 49.08% | 34.17% | 9.39% | 7.07% | 9.65% |
Correlation
The correlation between CYBE.AS and WGLD.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.01 |
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Return for Risk
CYBE.AS vs. WGLD.DE — Risk / Return Rank
CYBE.AS
WGLD.DE
CYBE.AS vs. WGLD.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 WisdomTree Core Physical Gold (WGLD.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 | WGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.81 | -0.23 |
| Martin ratioReturn relative to average drawdown | 3.03 | 4.60 | -1.57 |
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 | WGLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.30 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.77 | 1.21 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | 1.27 | +0.51 |
Drawdowns
CYBE.AS vs. WGLD.DE - Drawdown Comparison
The maximum CYBE.AS drawdown since its inception was -1.81%, smaller than the maximum WGLD.DE drawdown of -16.58%. Use the drawdown chart below to compare losses from any high point for CYBE.AS and WGLD.DE.
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Drawdown Indicators
| CYBE.AS | WGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -16.58% | +14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -16.58% | +15.49% |
Max Drawdown (3Y)Largest decline over 3 years | -1.81% | -16.58% | +14.77% |
Max Drawdown (5Y)Largest decline over 5 years | -1.81% | -16.58% | +14.77% |
Current DrawdownCurrent decline from peak | -0.62% | -14.99% | +14.37% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -4.27% | +3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 6.54% | -5.96% |
Volatility
CYBE.AS vs. WGLD.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) is 1.41%, while WisdomTree Core Physical Gold (WGLD.DE) has a volatility of 5.05%. This indicates that CYBE.AS experiences smaller price fluctuations and is considered to be less risky than WGLD.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 | WGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 5.05% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 20.18% | -18.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 23.13% | -20.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 16.05% | -13.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 15.88% | -13.68% |
CYBE.AS vs. WGLD.DE - Expense Ratio Comparison
CYBE.AS has a 0.40% expense ratio, which is higher than WGLD.DE's 0.12% expense ratio.
Dividends
CYBE.AS vs. WGLD.DE - Dividend Comparison
Neither CYBE.AS nor WGLD.DE has paid dividends to shareholders.
Frequently Asked Questions
CYBE.AS and WGLD.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WGLD.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGLD.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 WGLD.DE is Precious Metals. CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index, while WGLD.DE tracks Gold. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.40% for CYBE.AS and 0.12% for WGLD.DE.
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