CYBE.AS vs. XDWH.DE
CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) and XDWH.DE (Xtrackers MSCI World Health Care 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 XDWH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, CYBE.AS returned 3.85%/yr vs 5.50%/yr for XDWH.DE. At a 0.03 correlation, their price movements are largely independent. CYBE.AS charges 0.40%/yr vs 0.25%/yr for XDWH.DE.
Performance
CYBE.AS vs. XDWH.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 XDWH.DE's -1.98% 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*
- —
XDWH.DE
- 1D
- 2.85%
- 1M
- 3.94%
- YTD
- -1.98%
- 6M
- -1.54%
- 1Y
- 9.60%
- 3Y*
- 2.67%
- 5Y*
- 5.50%
- 10Y*
- 7.61%
CYBE.AS vs. XDWH.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% |
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | -1.98% | 2.21% | 7.44% | 0.04% | -0.07% | 28.13% |
Correlation
The correlation between CYBE.AS and XDWH.DE is 0.00, 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 | 0.00 |
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 | 0.03 |
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Return for Risk
CYBE.AS vs. XDWH.DE — Risk / Return Rank
CYBE.AS
XDWH.DE
CYBE.AS vs. XDWH.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 Health Care UCITS ETF 1C (XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 0.93 | +0.66 |
| Martin ratioReturn relative to average drawdown | 3.03 | 2.28 | +0.75 |
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 | XDWH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.70 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.77 | 0.41 | +1.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | 0.55 | +1.24 |
Drawdowns
CYBE.AS vs. XDWH.DE - Drawdown Comparison
The maximum CYBE.AS drawdown since its inception was -1.81%, smaller than the maximum XDWH.DE drawdown of -26.08%. Use the drawdown chart below to compare losses from any high point for CYBE.AS and XDWH.DE.
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Drawdown Indicators
| CYBE.AS | XDWH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -26.08% | +24.27% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -10.32% | +9.23% |
Max Drawdown (3Y)Largest decline over 3 years | -1.81% | -21.12% | +19.31% |
Max Drawdown (5Y)Largest decline over 5 years | -1.81% | -21.12% | +19.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.08% | — |
Current DrawdownCurrent decline from peak | -0.62% | -8.51% | +7.89% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -4.82% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 4.20% | -3.62% |
Volatility
CYBE.AS vs. XDWH.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 Health Care UCITS ETF 1C (XDWH.DE) has a volatility of 4.81%. This indicates that CYBE.AS experiences smaller price fluctuations and is considered to be less risky than XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 4.81% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 9.51% | -7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 13.69% | -11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 13.43% | -11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 14.69% | -12.49% |
CYBE.AS vs. XDWH.DE - Expense Ratio Comparison
CYBE.AS has a 0.40% expense ratio, which is higher than XDWH.DE's 0.25% expense ratio.
Dividends
CYBE.AS vs. XDWH.DE - Dividend Comparison
Neither CYBE.AS nor XDWH.DE has paid dividends to shareholders.
Frequently Asked Questions
CYBE.AS and XDWH.DE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWH.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWH.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 XDWH.DE is Health & Biotech Equities. CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index, while XDWH.DE tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.40% for CYBE.AS and 0.25% for XDWH.DE.
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