IE15.L vs. CYGB.L
IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) and CYGB.L (iShares China CNY Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - IE15.L is a Global Bonds fund tracking the iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist), while CYGB.L is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, IE15.L returned 0.69%/yr vs 5.68%/yr for CYGB.L. At a 0.15 correlation, their price movements are largely independent. IE15.L charges 0.20%/yr vs 0.40%/yr for CYGB.L.
Performance
IE15.L vs. CYGB.L - Performance Comparison
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Different Trading Currencies
IE15.L is traded in EUR, while CYGB.L is traded in GBP. To make them comparable, the CYGB.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IE15.L achieves a -1.14% return, which is significantly lower than CYGB.L's 6.54% return.
IE15.L
- 1D
- -0.18%
- 1M
- -0.30%
- 6M
- -1.34%
- YTD
- -1.14%
- 1Y
- -0.17%
- 3Y*
- 3.65%
- 5Y*
- 0.69%
- 10Y*
- 0.76%
CYGB.L
- 1D
- 0.00%
- 1M
- 2.59%
- 6M
- 5.38%
- YTD
- 6.54%
- 1Y
- 5.86%
- 3Y*
- 7.20%
- 5Y*
- 5.68%
- 10Y*
- —
IE15.L vs. CYGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -1.14% | 3.42% | 4.34% | 5.77% | -7.79% | -0.13% |
CYGB.L iShares China CNY Bond UCITS ETF GBP Hedged (Dist) | 6.54% | -3.13% | 16.76% | 9.41% | -3.16% | 5.36% |
Correlation
The correlation between IE15.L and CYGB.L is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.15 |
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Return for Risk
IE15.L vs. CYGB.L — Risk / Return Rank
IE15.L
CYGB.L
IE15.L vs. CYGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) and iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.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.
| IE15.L | CYGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.22 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 3.08 | -3.18 |
| Martin ratioReturn relative to average drawdown | -0.25 | 6.80 | -7.05 |
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Drawdowns
IE15.L vs. CYGB.L - Drawdown Comparison
The maximum IE15.L drawdown since its inception was -10.14%, which is greater than CYGB.L's maximum drawdown of -6.31%. Use the drawdown chart below to compare losses from any high point for IE15.L and CYGB.L.
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Drawdown Indicators
| IE15.L | CYGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.14% | -6.31% | -3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -1.90% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -4.45% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -10.14% | -6.31% | -3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -10.14% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | 0.00% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -1.53% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.86% | +0.30% |
Volatility
IE15.L vs. CYGB.L - Volatility Comparison
The current volatility for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) is 0.59%, while iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.L) has a volatility of 1.45%. This indicates that IE15.L experiences smaller price fluctuations and is considered to be less risky than CYGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IE15.L | CYGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 1.45% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 3.48% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 4.92% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 5.89% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 5.86% | -2.54% |
IE15.L vs. CYGB.L - Expense Ratio Comparison
IE15.L has a 0.20% expense ratio, which is lower than CYGB.L's 0.40% expense ratio.
Dividends
IE15.L vs. CYGB.L - Dividend Comparison
IE15.L's dividend yield for the trailing twelve months is around 3.00%, more than CYGB.L's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CYGB.L iShares China CNY Bond UCITS ETF GBP Hedged (Dist) | 1.70% | 1.84% | 2.13% | 2.38% | 2.68% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 3.00% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
Frequently Asked Questions
IE15.L and CYGB.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE15.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE15.L is cheaper with a 0.20% expense ratio, compared with 0.40% for CYGB.L.
IE15.L is categorized as Global Bonds, while CYGB.L is Emerging Markets Bonds. IE15.L tracks iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist), while CYGB.L tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.20% for IE15.L and 0.40% for CYGB.L.
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