IB1T.DE vs. CYBE.AS
IB1T.DE (iShares Bitcoin ETP) and CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) are both exchange-traded funds - IB1T.DE is a Cryptocurrency fund actively managed by iShares, while CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. IB1T.DE is actively managed, while CYBE.AS is passively managed. Over the past year, IB1T.DE returned -45.39% vs 1.53% for CYBE.AS. At a correlation of -0.03, they often move in opposite directions. IB1T.DE charges 0.25%/yr vs 0.40%/yr for CYBE.AS.
Performance
IB1T.DE vs. CYBE.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IB1T.DE achieves a -26.15% return, which is significantly lower than CYBE.AS's 2.20% return.
IB1T.DE
- 1D
- 0.00%
- 1M
- 0.35%
- 6M
- -30.99%
- YTD
- -26.15%
- 1Y
- -45.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -29.82%
CYBE.AS
- 1D
- 0.26%
- 1M
- 0.36%
- 6M
- 2.03%
- YTD
- 2.20%
- 1Y
- 1.53%
- 3Y*
- 4.86%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.81%
IB1T.DE vs. CYBE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IB1T.DE iShares Bitcoin ETP | -26.15% | -15.22% |
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 2.20% | 1.35% |
Correlation
The correlation between IB1T.DE and CYBE.AS is -0.06, 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 | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IB1T.DE vs. CYBE.AS — Risk / Return Rank
IB1T.DE
CYBE.AS
IB1T.DE vs. CYBE.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin ETP (IB1T.DE) and iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.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.
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.
| IB1T.DE | CYBE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.08 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 1.51 | -2.38 |
| Martin ratioReturn relative to average drawdown | -1.38 | 2.96 | -4.34 |
Loading charts...
Drawdowns
IB1T.DE vs. CYBE.AS - Drawdown Comparison
The maximum IB1T.DE drawdown since its inception was -52.30%, which is greater than CYBE.AS's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for IB1T.DE and CYBE.AS.
Loading charts...
Drawdown Indicators
| IB1T.DE | CYBE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.30% | -1.83% | -50.47% |
Max Drawdown (1Y)Largest decline over 1 year | -52.30% | -1.00% | -51.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.83% | — |
Current DrawdownCurrent decline from peak | -48.41% | -0.18% | -48.23% |
Average DrawdownAverage peak-to-trough decline | -23.07% | -0.44% | -22.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.99% | 0.51% | +32.48% |
Volatility
IB1T.DE vs. CYBE.AS - Volatility Comparison
iShares Bitcoin ETP (IB1T.DE) has a higher volatility of 10.34% compared to iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) at 0.93%. This indicates that IB1T.DE's price experiences larger fluctuations and is considered to be riskier than CYBE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IB1T.DE | CYBE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 0.93% | +9.41% |
Volatility (6M)Calculated over the trailing 6-month period | 30.15% | 2.84% | +27.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.86% | 3.35% | +37.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.22% | 2.72% | +37.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.22% | 2.72% | +37.50% |
IB1T.DE vs. CYBE.AS - Expense Ratio Comparison
IB1T.DE has a 0.25% expense ratio, which is lower than CYBE.AS's 0.40% expense ratio.
Dividends
IB1T.DE vs. CYBE.AS - Dividend Comparison
Neither IB1T.DE nor CYBE.AS has paid dividends to shareholders.
Frequently Asked Questions
IB1T.DE and CYBE.AS have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB1T.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB1T.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for CYBE.AS.
IB1T.DE is categorized as Cryptocurrency, while CYBE.AS is Emerging Markets Bonds. Their fees differ too: 0.25% for IB1T.DE and 0.40% for CYBE.AS.
Find the right allocation for IB1T.DE and CYBE.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer