IBGY.L vs. CNYB.L
IBGY.L (iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist)) and CNYB.L (iShares China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - IBGY.L is a Government Bonds fund tracking the iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist), 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, IBGY.L returned -1.77%/yr vs 3.58%/yr for CNYB.L. At a 0.25 correlation, their price movements are largely independent. IBGY.L charges 0.20%/yr vs 0.35%/yr for CNYB.L.
Performance
IBGY.L vs. CNYB.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBGY.L achieves a -4.44% return, which is significantly lower than CNYB.L's 5.08% return.
IBGY.L
- 1D
- -0.78%
- 1M
- -2.48%
- 6M
- -4.06%
- YTD
- -4.44%
- 1Y
- -2.82%
- 3Y*
- 2.31%
- 5Y*
- -1.77%
- 10Y*
- -0.02%
CNYB.L
- 1D
- 0.23%
- 1M
- -0.13%
- 6M
- 4.82%
- YTD
- 5.08%
- 1Y
- 7.11%
- 3Y*
- 4.85%
- 5Y*
- 3.58%
- 10Y*
- —
IBGY.L vs. CNYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBGY.L iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) | -4.44% | 7.76% | -2.63% | 4.85% | -10.06% | -8.35% | 8.45% | -5.41% |
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 IBGY.L and CNYB.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
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 | 0.25 |
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Return for Risk
IBGY.L vs. CNYB.L — Risk / Return Rank
IBGY.L
CNYB.L
IBGY.L vs. CNYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) (IBGY.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.
| IBGY.L | CNYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.21 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.57 | -3.05 |
| Martin ratioReturn relative to average drawdown | -1.04 | 6.13 | -7.17 |
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Drawdowns
IBGY.L vs. CNYB.L - Drawdown Comparison
The maximum IBGY.L drawdown since its inception was -22.02%, smaller than the maximum CNYB.L drawdown of -25.82%. Use the drawdown chart below to compare losses from any high point for IBGY.L and CNYB.L.
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Drawdown Indicators
| IBGY.L | CNYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.02% | -25.82% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -2.75% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | -9.03% | +3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -15.44% | -1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -22.02% | — | — |
Current DrawdownCurrent decline from peak | -15.22% | -7.25% | -7.97% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -12.53% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.16% | +1.54% |
Volatility
IBGY.L vs. CNYB.L - Volatility Comparison
The current volatility for iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) (IBGY.L) is 1.44%, while iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) has a volatility of 1.68%. This indicates that IBGY.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
| IBGY.L | CNYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.68% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 4.69% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | 6.29% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 7.66% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 11.48% | -3.97% |
IBGY.L vs. CNYB.L - Expense Ratio Comparison
IBGY.L has a 0.20% expense ratio, which is lower than CNYB.L's 0.35% expense ratio.
Dividends
IBGY.L vs. CNYB.L - Dividend Comparison
IBGY.L's dividend yield for the trailing twelve months is around 1.34%, less than CNYB.L's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
IBGY.L iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) | 1.34% | 2.60% | 2.59% | 0.84% | 0.00% | 0.00% | 0.13% | 0.51% | 0.34% | 0.22% | 0.48% | 0.35% |
Frequently Asked Questions
IBGY.L and CNYB.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBGY.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBGY.L is cheaper with a 0.20% expense ratio, compared with 0.35% for CNYB.L.
IBGY.L is categorized as Government Bonds, while CNYB.L is Emerging Markets Bonds. IBGY.L tracks iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist), while CNYB.L tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.20% for IBGY.L and 0.35% for CNYB.L.
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