ICGB.DE vs. ISPA.DE
ICGB.DE (iShares China CNY Bond UCITS ETF USD (Dist)) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - ICGB.DE is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 5 years, ICGB.DE returned 3.84%/yr vs 10.92%/yr for ISPA.DE. At a 0.09 correlation, their price movements are largely independent. ICGB.DE charges 0.35%/yr vs 0.46%/yr for ISPA.DE.
Performance
ICGB.DE vs. ISPA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ICGB.DE achieves a 7.85% return, which is significantly lower than ISPA.DE's 14.66% return.
ICGB.DE
- 1D
- -0.20%
- 1M
- 1.25%
- 6M
- 7.38%
- YTD
- 7.85%
- 1Y
- 9.80%
- 3Y*
- 4.28%
- 5Y*
- 3.84%
- 10Y*
- —
ISPA.DE
- 1D
- 0.47%
- 1M
- 1.53%
- 6M
- 13.66%
- YTD
- 14.66%
- 1Y
- 28.82%
- 3Y*
- 18.87%
- 5Y*
- 10.92%
- 10Y*
- 8.88%
ICGB.DE vs. ISPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ICGB.DE iShares China CNY Bond UCITS ETF USD (Dist) | 7.85% | -7.16% | 11.36% | -2.27% | 1.10% | 17.31% | 0.08% | -10.15% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 14.66% | 19.72% | 12.97% | 4.78% | -1.91% | 22.80% | -9.12% | 5.86% |
Correlation
The correlation between ICGB.DE and ISPA.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019 | 0.09 |
The correlation between ICGB.DE and ISPA.DE shifts across timeframes, from -0.02 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ICGB.DE vs. ISPA.DE — Risk / Return Rank
ICGB.DE
ISPA.DE
ICGB.DE vs. ISPA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China CNY Bond UCITS ETF USD (Dist) (ICGB.DE) and iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE). 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.
| ICGB.DE | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.59 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 7.87 | -4.35 |
| Martin ratioReturn relative to average drawdown | 9.25 | 28.42 | -19.18 |
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Drawdowns
ICGB.DE vs. ISPA.DE - Drawdown Comparison
The maximum ICGB.DE drawdown since its inception was -13.36%, smaller than the maximum ISPA.DE drawdown of -38.90%. Use the drawdown chart below to compare losses from any high point for ICGB.DE and ISPA.DE.
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Drawdown Indicators
| ICGB.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.36% | -38.90% | +25.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -3.64% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.17% | -15.09% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -13.36% | -15.09% | +1.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.90% | — |
Current DrawdownCurrent decline from peak | -1.82% | -0.29% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -4.53% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.01% | +0.05% |
Volatility
ICGB.DE vs. ISPA.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF USD (Dist) (ICGB.DE) is 1.34%, while iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) has a volatility of 2.36%. This indicates that ICGB.DE experiences smaller price fluctuations and is considered to be less risky than ISPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICGB.DE | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.36% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 6.87% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.38% | 8.95% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.64% | 11.97% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 14.65% | -6.74% |
ICGB.DE vs. ISPA.DE - Expense Ratio Comparison
ICGB.DE has a 0.35% expense ratio, which is lower than ISPA.DE's 0.46% expense ratio.
Dividends
ICGB.DE vs. ISPA.DE - Dividend Comparison
ICGB.DE's dividend yield for the trailing twelve months is around 1.69%, less than ISPA.DE's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICGB.DE iShares China CNY Bond UCITS ETF USD (Dist) | 1.69% | 1.92% | 2.22% | 2.58% | 2.80% | 2.71% | 2.63% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.71% | 4.52% | 4.89% | 5.91% | 4.87% | 3.31% | 4.04% | 4.02% | 4.01% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
ICGB.DE and ISPA.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICGB.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICGB.DE is cheaper with a 0.35% expense ratio, compared with 0.46% for ISPA.DE.
ICGB.DE is categorized as Emerging Markets Bonds, while ISPA.DE is Global Equities. ICGB.DE tracks Bloomberg China Treasury + Policy Bank Index, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. Their fees differ too: 0.35% for ICGB.DE and 0.46% for ISPA.DE.
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