IBIE vs. CNYA
IBIE (iShares iBonds Oct 2028 Term TIPS ETF) and CNYA (iShares MSCI China A ETF) are both exchange-traded funds - IBIE is a Inflation-Protected Bonds fund tracking the ICE 2028 Maturity US Inflation-Linked Treasury Index, while CNYA is a China Equities fund tracking the MSCI China A Inclusion Index. Both are passively managed. Over the past year, IBIE returned 4.68% vs 36.38% for CNYA. At a correlation of -0.01, they often move in opposite directions. IBIE charges 0.10%/yr vs 0.60%/yr for CNYA.
Performance
IBIE vs. CNYA - Performance Comparison
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Returns By Period
In the year-to-date period, IBIE achieves a 2.09% return, which is significantly lower than CNYA's 8.91% return.
IBIE
- 1D
- -0.02%
- 1M
- 0.30%
- YTD
- 2.09%
- 6M
- 2.10%
- 1Y
- 4.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNYA
- 1D
- -0.36%
- 1M
- 1.89%
- YTD
- 8.91%
- 6M
- 13.45%
- 1Y
- 36.38%
- 3Y*
- 11.15%
- 5Y*
- -1.13%
- 10Y*
- —
IBIE vs. CNYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 2.09% | 6.46% | 3.95% | 2.93% |
CNYA iShares MSCI China A ETF | 8.91% | 26.48% | 10.78% | -4.45% |
Correlation
The correlation between IBIE and CNYA is -0.03, 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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | -0.01 |
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Return for Risk
IBIE vs. CNYA — Risk / Return Rank
IBIE
CNYA
IBIE vs. CNYA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2028 Term TIPS ETF (IBIE) and iShares MSCI China A ETF (CNYA). 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.
| IBIE | CNYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.38 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 8.51 | 4.81 | +3.70 |
| Martin ratioReturn relative to average drawdown | 25.61 | 14.19 | +11.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBIE | CNYA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 2.11 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.01 | 0.27 | +1.74 |
Drawdowns
IBIE vs. CNYA - Drawdown Comparison
The maximum IBIE drawdown since its inception was -1.70%, smaller than the maximum CNYA drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for IBIE and CNYA.
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Drawdown Indicators
| IBIE | CNYA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.70% | -49.49% | +47.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.55% | -7.59% | +7.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.70% | — |
Current DrawdownCurrent decline from peak | -0.02% | -13.73% | +13.71% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -20.68% | +20.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 2.57% | -2.38% |
Volatility
IBIE vs. CNYA - Volatility Comparison
The current volatility for iShares iBonds Oct 2028 Term TIPS ETF (IBIE) is 0.36%, while iShares MSCI China A ETF (CNYA) has a volatility of 6.44%. This indicates that IBIE experiences smaller price fluctuations and is considered to be less risky than CNYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIE | CNYA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 6.44% | -6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 12.23% | -11.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.56% | 17.31% | -15.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.85% | 23.80% | -20.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.85% | 23.55% | -20.70% |
IBIE vs. CNYA - Expense Ratio Comparison
IBIE has a 0.10% expense ratio, which is lower than CNYA's 0.60% expense ratio.
Dividends
IBIE vs. CNYA - Dividend Comparison
IBIE's dividend yield for the trailing twelve months is around 3.25%, more than CNYA's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.76% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 3.25% | 4.09% | 4.23% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIE and CNYA have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNYA has higher volatility (6.44%) compared to IBIE (0.36%). In terms of maximum drawdown, IBIE dropped -1.70% vs CNYA's -49.49%.
On 1-year performance, CNYA leads with 36.38% vs 4.68% for IBIE. On fees, IBIE is cheaper at 0.10% per year. On volatility, IBIE has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CNYA has performed better with a 36.38% return vs 4.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIE is cheaper with a 0.10% expense ratio, compared with 0.60% for CNYA.
IBIE has the higher dividend yield at 3.25%, compared with 1.76% for CNYA.
IBIE is categorized as Inflation-Protected Bonds, while CNYA is China Equities. IBIE tracks ICE 2028 Maturity US Inflation-Linked Treasury Index, while CNYA tracks MSCI China A Inclusion Index. Their fees differ too: 0.10% for IBIE and 0.60% for CNYA.
IBIE currently has the higher Sharpe Ratio (3.02 vs 2.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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