IBCI.L vs. CNYB.L
IBCI.L (iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc)) and CNYB.L (iShares China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - IBCI.L is a Government Bonds fund tracking the iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc), 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, IBCI.L returned 0.22%/yr vs 3.58%/yr for CNYB.L. At a 0.21 correlation, their price movements are largely independent. IBCI.L charges 0.09%/yr vs 0.35%/yr for CNYB.L.
Performance
IBCI.L vs. CNYB.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBCI.L achieves a -0.50% return, which is significantly lower than CNYB.L's 5.08% return.
IBCI.L
- 1D
- -0.23%
- 1M
- -2.45%
- 6M
- -0.49%
- YTD
- -0.50%
- 1Y
- 0.53%
- 3Y*
- 1.66%
- 5Y*
- 0.22%
- 10Y*
- 1.54%
CNYB.L
- 1D
- 0.23%
- 1M
- -0.13%
- 6M
- 4.82%
- YTD
- 5.08%
- 1Y
- 7.11%
- 3Y*
- 4.85%
- 5Y*
- 3.58%
- 10Y*
- —
IBCI.L vs. CNYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCI.L iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) | -0.50% | 6.03% | -4.55% | 3.48% | -4.33% | -0.79% | 8.45% | -4.69% |
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 5.08% | -2.20% | 6.65% | -4.09% | 6.21% | 9.69% | -19.80% | 0.53% |
Correlation
The correlation between IBCI.L and CNYB.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019 | 0.21 |
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Return for Risk
IBCI.L vs. CNYB.L — Risk / Return Rank
IBCI.L
CNYB.L
IBCI.L vs. CNYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.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.
| IBCI.L | CNYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.21 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 2.57 | -2.44 |
| Martin ratioReturn relative to average drawdown | 0.29 | 6.13 | -5.83 |
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Drawdowns
IBCI.L vs. CNYB.L - Drawdown Comparison
The maximum IBCI.L drawdown since its inception was -30.47%, 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 IBCI.L and CNYB.L.
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Drawdown Indicators
| IBCI.L | CNYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -25.82% | -4.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -2.75% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -9.03% | -5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -14.28% | -15.44% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -14.53% | — | — |
Current DrawdownCurrent decline from peak | -8.97% | -7.25% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -12.53% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.16% | +0.37% |
Volatility
IBCI.L vs. CNYB.L - Volatility Comparison
The current volatility for iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.L) is 1.34%, while iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) has a volatility of 1.68%. This indicates that IBCI.L experiences smaller price fluctuations and is considered to be less risky 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
| IBCI.L | CNYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.68% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 4.69% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.90% | 6.29% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.49% | 7.66% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.76% | 11.48% | +0.28% |
IBCI.L vs. CNYB.L - Expense Ratio Comparison
IBCI.L has a 0.09% expense ratio, which is lower than CNYB.L's 0.35% expense ratio.
Dividends
IBCI.L vs. CNYB.L - Dividend Comparison
IBCI.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% |
IBCI.L iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBCI.L and CNYB.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCI.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCI.L is cheaper with a 0.09% expense ratio, compared with 0.35% for CNYB.L.
IBCI.L is categorized as Government Bonds, while CNYB.L is Emerging Markets Bonds. IBCI.L tracks iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc), while CNYB.L tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.09% for IBCI.L and 0.35% for CNYB.L.
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