CYBU.AS vs. EUNL.DE
CYBU.AS (iShares China CNY Bond UCITS ETF USD Hedged (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CYBU.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, CYBU.AS returned 5.67%/yr vs 11.85%/yr for EUNL.DE. At a 0.02 correlation, their price movements are largely independent. CYBU.AS charges 0.40%/yr vs 0.20%/yr for EUNL.DE.
Performance
CYBU.AS vs. EUNL.DE - Performance Comparison
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Different Trading Currencies
CYBU.AS is traded in USD, while EUNL.DE is traded in EUR. To make them comparable, the EUNL.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CYBU.AS achieves a 2.52% return, which is significantly lower than EUNL.DE's 9.58% return.
CYBU.AS
- 1D
- 0.05%
- 1M
- 0.73%
- YTD
- 2.52%
- 6M
- 2.81%
- 1Y
- 3.63%
- 3Y*
- 6.98%
- 5Y*
- 5.67%
- 10Y*
- —
EUNL.DE
- 1D
- 0.14%
- 1M
- 4.08%
- YTD
- 9.58%
- 6M
- 10.98%
- 1Y
- 25.92%
- 3Y*
- 20.76%
- 5Y*
- 11.85%
- 10Y*
- 13.07%
CYBU.AS vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CYBU.AS iShares China CNY Bond UCITS ETF USD Hedged (Dist) | 2.52% | 2.47% | 11.50% | 7.81% | 2.55% | 2.30% | 1.05% | 1.71% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 9.58% | 21.81% | 18.73% | 23.92% | -18.35% | 22.25% | 15.79% | 4.76% |
Correlation
The correlation between CYBU.AS and EUNL.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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019 | 0.02 |
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Return for Risk
CYBU.AS vs. EUNL.DE — Risk / Return Rank
CYBU.AS
EUNL.DE
CYBU.AS vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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.
| CYBU.AS | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 3.05 | +1.89 |
| Martin ratioReturn relative to average drawdown | 12.65 | 13.15 | -0.50 |
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
| CYBU.AS | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.20 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.20 | 0.75 | +1.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.82 | 0.68 | +1.15 |
Drawdowns
CYBU.AS vs. EUNL.DE - Drawdown Comparison
The maximum CYBU.AS drawdown since its inception was -4.89%, smaller than the maximum EUNL.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for CYBU.AS and EUNL.DE.
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Drawdown Indicators
| CYBU.AS | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.89% | -34.11% | +29.22% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -8.45% | +7.73% |
Max Drawdown (3Y)Largest decline over 3 years | -1.84% | -17.98% | +16.14% |
Max Drawdown (5Y)Largest decline over 5 years | -1.84% | -25.82% | +23.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.11% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.47% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -4.69% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 1.97% | -1.69% |
Volatility
CYBU.AS vs. EUNL.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.AS) is 0.81%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.95%. This indicates that CYBU.AS experiences smaller price fluctuations and is considered to be less risky than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CYBU.AS | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 2.95% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 8.70% | -7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 11.76% | -9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.54% | 15.56% | -13.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.59% | 15.96% | -13.37% |
CYBU.AS vs. EUNL.DE - Expense Ratio Comparison
CYBU.AS has a 0.40% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
CYBU.AS vs. EUNL.DE - Dividend Comparison
CYBU.AS's dividend yield for the trailing twelve months is around 1.84%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CYBU.AS iShares China CNY Bond UCITS ETF USD Hedged (Dist) | 1.84% | 1.88% | 2.13% | 2.45% | 2.60% | 2.82% | 2.66% | 0.21% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CYBU.AS and EUNL.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, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for CYBU.AS.
CYBU.AS is categorized as Emerging Markets Bonds, while EUNL.DE is Global Equities. CYBU.AS tracks Bloomberg China Treasury + Policy Bank Index, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.40% for CYBU.AS and 0.20% for EUNL.DE.
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