CYBE.AS vs. XDEM.DE
CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, CYBE.AS returned 3.85%/yr vs 14.74%/yr for XDEM.DE. At a 0.02 correlation, their price movements are largely independent. CYBE.AS charges 0.40%/yr vs 0.25%/yr for XDEM.DE.
Performance
CYBE.AS vs. XDEM.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 XDEM.DE's 22.76% 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*
- —
XDEM.DE
- 1D
- -0.95%
- 1M
- 8.67%
- YTD
- 22.76%
- 6M
- 23.73%
- 1Y
- 31.52%
- 3Y*
- 26.15%
- 5Y*
- 14.74%
- 10Y*
- 15.65%
CYBE.AS vs. XDEM.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% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 22.76% | 8.09% | 38.24% | 8.17% | -13.85% | 25.93% |
Correlation
The correlation between CYBE.AS and XDEM.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.02 |
The correlation between CYBE.AS and XDEM.DE shifts across timeframes, from -0.08 (1 year) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CYBE.AS vs. XDEM.DE — Risk / Return Rank
CYBE.AS
XDEM.DE
CYBE.AS vs. XDEM.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 Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.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 | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.34 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 3.47 | -1.88 |
| Martin ratioReturn relative to average drawdown | 3.03 | 13.27 | -10.24 |
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 | XDEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.86 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.77 | 0.84 | +0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | 0.90 | +0.89 |
Drawdowns
CYBE.AS vs. XDEM.DE - Drawdown Comparison
The maximum CYBE.AS drawdown since its inception was -1.81%, smaller than the maximum XDEM.DE drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for CYBE.AS and XDEM.DE.
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Drawdown Indicators
| CYBE.AS | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -30.93% | +29.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -9.05% | +7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -1.81% | -23.51% | +21.70% |
Max Drawdown (5Y)Largest decline over 5 years | -1.81% | -23.51% | +21.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.93% | — |
Current DrawdownCurrent decline from peak | -0.62% | -0.95% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -5.97% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.36% | -1.78% |
Volatility
CYBE.AS vs. XDEM.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) is 1.41%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a volatility of 5.80%. This indicates that CYBE.AS experiences smaller price fluctuations and is considered to be less risky than XDEM.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 | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 5.80% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 14.20% | -12.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 16.85% | -14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 17.30% | -15.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 17.85% | -15.65% |
CYBE.AS vs. XDEM.DE - Expense Ratio Comparison
CYBE.AS has a 0.40% expense ratio, which is higher than XDEM.DE's 0.25% expense ratio.
Dividends
CYBE.AS vs. XDEM.DE - Dividend Comparison
Neither CYBE.AS nor XDEM.DE has paid dividends to shareholders.
Frequently Asked Questions
CYBE.AS and XDEM.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEM.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for CYBE.AS.
CYBE.AS is categorized as Emerging Markets Bonds, while XDEM.DE is Momentum. CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index, while XDEM.DE tracks MSCI World Momentum Index. They also come from different issuers: iShares and DWS. Their fees differ too: 0.40% for CYBE.AS and 0.25% for XDEM.DE.
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