FRCK.DE vs. CGB.DE
FRCK.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc) and CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - FRCK.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged) while CGB.DE tracks the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. Both are passively managed. Over the past 10 years, FRCK.DE returned 1.10%/yr vs 2.45%/yr for CGB.DE. At a correlation of -0.14, they often move in opposite directions. FRCK.DE charges 0.28%/yr vs 0.20%/yr for CGB.DE.
Performance
FRCK.DE vs. CGB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FRCK.DE achieves a 1.70% return, which is significantly lower than CGB.DE's 8.16% return. Over the past 10 years, FRCK.DE has underperformed CGB.DE with an annualized return of 1.10%, while CGB.DE has yielded a comparatively higher 2.45% annualized return.
FRCK.DE
- 1D
- 0.08%
- 1M
- -0.75%
- 6M
- 1.85%
- YTD
- 1.70%
- 1Y
- 9.83%
- 3Y*
- 8.11%
- 5Y*
- 0.08%
- 10Y*
- 1.10%
CGB.DE
- 1D
- 0.35%
- 1M
- 1.57%
- 6M
- 7.02%
- YTD
- 8.16%
- 1Y
- 9.96%
- 3Y*
- 4.67%
- 5Y*
- 3.09%
- 10Y*
- 2.45%
FRCK.DE vs. CGB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRCK.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc | 1.70% | 12.79% | 5.41% | 9.66% | -22.04% | -3.92% | 2.79% | 11.10% | -7.04% | 8.13% |
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.16% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | 4.86% | 4.94% | -7.90% |
Correlation
The correlation between FRCK.DE and CGB.DE is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2016 | -0.14 |
The correlation between FRCK.DE and CGB.DE shifts across timeframes, from -0.30 (3 years) to -0.14 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FRCK.DE vs. CGB.DE — Risk / Return Rank
FRCK.DE
CGB.DE
FRCK.DE vs. CGB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.DE) and Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRCK.DE | CGB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.51 | -1.32 |
| Martin ratioReturn relative to average drawdown | 9.08 | 10.39 | -1.30 |
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Drawdowns
FRCK.DE vs. CGB.DE - Drawdown Comparison
The maximum FRCK.DE drawdown since its inception was -32.71%, which is greater than CGB.DE's maximum drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for FRCK.DE and CGB.DE.
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Drawdown Indicators
| FRCK.DE | CGB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -20.06% | -12.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -2.83% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -7.71% | -11.08% | +3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -13.94% | -18.77% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | -14.64% | -18.07% |
Current DrawdownCurrent decline from peak | -0.90% | -0.79% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -9.26% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.96% | +0.12% |
Volatility
FRCK.DE vs. CGB.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.DE) is 0.93%, while Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a volatility of 1.78%. This indicates that FRCK.DE experiences smaller price fluctuations and is considered to be less risky than CGB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRCK.DE | CGB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 1.78% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 4.02% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 5.84% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.03% | 6.74% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 11.06% | -1.77% |
FRCK.DE vs. CGB.DE - Expense Ratio Comparison
FRCK.DE has a 0.28% expense ratio, which is higher than CGB.DE's 0.20% expense ratio.
Dividends
FRCK.DE vs. CGB.DE - Dividend Comparison
FRCK.DE has not paid dividends to shareholders, while CGB.DE's dividend yield for the trailing twelve months is around 1.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 1.99% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% |
FRCK.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRCK.DE and CGB.DE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGB.DE is cheaper with a 0.20% expense ratio, compared with 0.28% for FRCK.DE.
FRCK.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged), while CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.28% for FRCK.DE and 0.20% for CGB.DE.
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