CYBU.AS vs. VEVE.AS
CYBU.AS (iShares China CNY Bond UCITS ETF USD Hedged (Dist)) and VEVE.AS (Vanguard FTSE Developed World UCITS ETF) are both exchange-traded funds - CYBU.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while VEVE.AS is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, CYBU.AS returned 5.67%/yr vs 12.08%/yr for VEVE.AS. At a 0.01 correlation, their price movements are largely independent. CYBU.AS charges 0.40%/yr vs 0.12%/yr for VEVE.AS.
Performance
CYBU.AS vs. VEVE.AS - Performance Comparison
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Different Trading Currencies
CYBU.AS is traded in USD, while VEVE.AS is traded in EUR. To make them comparable, the VEVE.AS 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 VEVE.AS's 11.54% 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*
- —
VEVE.AS
- 1D
- -0.14%
- 1M
- 4.51%
- YTD
- 11.54%
- 6M
- 13.02%
- 1Y
- 28.59%
- 3Y*
- 21.48%
- 5Y*
- 12.08%
- 10Y*
- 13.20%
CYBU.AS vs. VEVE.AS - 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% |
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 11.54% | 22.76% | 18.52% | 23.15% | -18.42% | 22.51% | 15.93% | 4.12% |
Correlation
The correlation between CYBU.AS and VEVE.AS is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
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. VEVE.AS — Risk / Return Rank
CYBU.AS
VEVE.AS
CYBU.AS vs. VEVE.AS - 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 Vanguard FTSE Developed World UCITS ETF (VEVE.AS). 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 | VEVE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 3.28 | +1.67 |
| Martin ratioReturn relative to average drawdown | 12.65 | 14.37 | -1.72 |
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 | VEVE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.39 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.20 | 0.78 | +1.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.82 | 0.32 | +1.50 |
Drawdowns
CYBU.AS vs. VEVE.AS - Drawdown Comparison
The maximum CYBU.AS drawdown since its inception was -4.89%, smaller than the maximum VEVE.AS drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for CYBU.AS and VEVE.AS.
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Drawdown Indicators
| CYBU.AS | VEVE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.89% | -34.06% | +29.17% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -8.61% | +7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -1.84% | -17.33% | +15.49% |
Max Drawdown (5Y)Largest decline over 5 years | -1.84% | -26.16% | +24.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.06% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.71% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -8.60% | +7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 1.97% | -1.69% |
Volatility
CYBU.AS vs. VEVE.AS - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.AS) is 0.81%, while Vanguard FTSE Developed World UCITS ETF (VEVE.AS) has a volatility of 3.23%. This indicates that CYBU.AS experiences smaller price fluctuations and is considered to be less risky than VEVE.AS 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 | VEVE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 3.23% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 8.93% | -7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 11.80% | -9.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.54% | 15.28% | -12.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.59% | 18.32% | -15.73% |
CYBU.AS vs. VEVE.AS - Expense Ratio Comparison
CYBU.AS has a 0.40% expense ratio, which is higher than VEVE.AS's 0.12% expense ratio.
Dividends
CYBU.AS vs. VEVE.AS - Dividend Comparison
CYBU.AS's dividend yield for the trailing twelve months is around 1.84%, more than VEVE.AS's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 1.23% | 1.41% | 1.46% | 1.73% | 2.04% | 1.43% | 1.61% | 1.89% | 2.28% | 1.97% | 1.98% | 2.05% |
Frequently Asked Questions
CYBU.AS and VEVE.AS have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEVE.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEVE.AS is cheaper with a 0.12% expense ratio, compared with 0.40% for CYBU.AS.
CYBU.AS is categorized as Emerging Markets Bonds, while VEVE.AS is Global Equities. CYBU.AS tracks Bloomberg China Treasury + Policy Bank Index, while VEVE.AS tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for CYBU.AS and 0.12% for VEVE.AS.
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