FVUG.L vs. CNYB.L
FVUG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) and CNYB.L (iShares China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - FVUG.L is a Green Bonds fund tracking the Bloomberg Global Aggregate EUR Green Bond Index, while CNYB.L is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, FVUG.L returned -2.37%/yr vs 3.58%/yr for CNYB.L. At a 0.26 correlation, their price movements are largely independent. FVUG.L charges 0.25%/yr vs 0.35%/yr for CNYB.L.
Performance
FVUG.L vs. CNYB.L - Performance Comparison
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Returns By Period
In the year-to-date period, FVUG.L achieves a -2.11% return, which is significantly lower than CNYB.L's 5.09% return.
FVUG.L
- 1D
- 0.34%
- 1M
- -2.44%
- 6M
- -1.83%
- YTD
- -2.11%
- 1Y
- -0.54%
- 3Y*
- 2.65%
- 5Y*
- -2.37%
- 10Y*
- —
CNYB.L
- 1D
- 0.24%
- 1M
- -0.35%
- 6M
- 4.32%
- YTD
- 5.09%
- 1Y
- 7.12%
- 3Y*
- 4.85%
- 5Y*
- 3.58%
- 10Y*
- —
FVUG.L vs. CNYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FVUG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | -2.11% | 5.85% | -1.90% | 5.64% | -14.50% | -9.35% | 11.32% | -5.29% |
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 5.09% | -2.20% | 6.65% | -4.09% | 6.21% | 9.69% | -19.80% | 0.53% |
Correlation
The correlation between FVUG.L and CNYB.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019 | 0.26 |
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Return for Risk
FVUG.L vs. CNYB.L — Risk / Return Rank
FVUG.L
CNYB.L
FVUG.L vs. CNYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FVUG.L) and iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.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.
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.
| FVUG.L | CNYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.21 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 2.58 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.28 | 6.11 | -6.39 |
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Drawdowns
FVUG.L vs. CNYB.L - Drawdown Comparison
The maximum FVUG.L drawdown since its inception was -27.48%, which is greater than CNYB.L's maximum drawdown of -25.82%. Use the drawdown chart below to compare losses from any high point for FVUG.L and CNYB.L.
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Drawdown Indicators
| FVUG.L | CNYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.48% | -25.82% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -2.75% | -1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -9.03% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -15.44% | -6.59% |
Current DrawdownCurrent decline from peak | -18.61% | -7.24% | -11.37% |
Average DrawdownAverage peak-to-trough decline | -15.96% | -12.52% | -3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.16% | +0.76% |
Volatility
FVUG.L vs. CNYB.L - Volatility Comparison
Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FVUG.L) has a higher volatility of 1.40% compared to iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) at 1.24%. This indicates that FVUG.L's price experiences larger fluctuations and is considered to be riskier than CNYB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVUG.L | CNYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.24% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 4.69% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 6.29% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 7.65% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.03% | 11.47% | -2.44% |
FVUG.L vs. CNYB.L - Expense Ratio Comparison
FVUG.L has a 0.25% expense ratio, which is lower than CNYB.L's 0.35% expense ratio.
Dividends
FVUG.L vs. CNYB.L - Dividend Comparison
FVUG.L has not paid dividends to shareholders, while CNYB.L's dividend yield for the trailing twelve months is around 1.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 1.72% | 1.89% | 2.24% | 2.55% | 2.72% | 2.74% | 2.65% | 0.72% |
FVUG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FVUG.L and CNYB.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FVUG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVUG.L is cheaper with a 0.25% expense ratio, compared with 0.35% for CNYB.L.
FVUG.L is categorized as Green Bonds, while CNYB.L is Emerging Markets Bonds. FVUG.L tracks Bloomberg Global Aggregate EUR Green Bond Index, while CNYB.L tracks Bloomberg China Treasury + Policy Bank Index. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.25% for FVUG.L and 0.35% for CNYB.L.
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