CYBU.AS vs. VWRA.L
CYBU.AS (iShares China CNY Bond UCITS ETF USD Hedged (Dist)) and VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) are both exchange-traded funds - CYBU.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while VWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, CYBU.AS returned 5.67%/yr vs 11.25%/yr for VWRA.L. At a 0.02 correlation, their price movements are largely independent. CYBU.AS charges 0.40%/yr vs 0.22%/yr for VWRA.L.
Performance
CYBU.AS vs. VWRA.L - Performance Comparison
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Returns By Period
In the year-to-date period, CYBU.AS achieves a 2.52% return, which is significantly lower than VWRA.L's 11.59% 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*
- —
VWRA.L
- 1D
- -0.08%
- 1M
- 4.27%
- YTD
- 11.59%
- 6M
- 13.04%
- 1Y
- 28.67%
- 3Y*
- 21.09%
- 5Y*
- 11.25%
- 10Y*
- —
CYBU.AS vs. VWRA.L - 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% |
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 11.59% | 22.45% | 17.65% | 22.28% | -18.11% | 18.46% | 16.19% | 4.22% |
Correlation
The correlation between CYBU.AS and VWRA.L is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
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. VWRA.L — Risk / Return Rank
CYBU.AS
VWRA.L
CYBU.AS vs. VWRA.L - 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 All-World UCITS ETF USD Accumulating (VWRA.L). 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 | VWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 3.25 | +1.70 |
| Martin ratioReturn relative to average drawdown | 12.65 | 13.63 | -0.98 |
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 | VWRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.31 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.20 | 0.73 | +1.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.82 | 0.78 | +1.04 |
Drawdowns
CYBU.AS vs. VWRA.L - Drawdown Comparison
The maximum CYBU.AS drawdown since its inception was -4.89%, smaller than the maximum VWRA.L drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for CYBU.AS and VWRA.L.
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Drawdown Indicators
| CYBU.AS | VWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.89% | -33.62% | +28.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -8.78% | +8.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.84% | -16.26% | +14.42% |
Max Drawdown (5Y)Largest decline over 5 years | -1.84% | -26.06% | +24.22% |
Current DrawdownCurrent decline from peak | -0.22% | -0.75% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -5.39% | +4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 2.10% | -1.82% |
Volatility
CYBU.AS vs. VWRA.L - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.AS) is 0.81%, while Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a volatility of 3.87%. This indicates that CYBU.AS experiences smaller price fluctuations and is considered to be less risky than VWRA.L 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 | VWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 3.87% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 9.78% | -8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 12.36% | -10.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.54% | 15.36% | -12.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.59% | 17.28% | -14.69% |
CYBU.AS vs. VWRA.L - Expense Ratio Comparison
CYBU.AS has a 0.40% expense ratio, which is higher than VWRA.L's 0.22% expense ratio.
Dividends
CYBU.AS vs. VWRA.L - Dividend Comparison
CYBU.AS's dividend yield for the trailing twelve months is around 1.84%, while VWRA.L 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% |
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CYBU.AS and VWRA.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRA.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRA.L is cheaper with a 0.22% expense ratio, compared with 0.40% for CYBU.AS.
CYBU.AS is categorized as Emerging Markets Bonds, while VWRA.L is Global Equities. CYBU.AS tracks Bloomberg China Treasury + Policy Bank Index, while VWRA.L tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for CYBU.AS and 0.22% for VWRA.L.
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