IGLB vs. CNYA
IGLB (iShares 10+ Year Investment Grade Corporate Bond ETF) and CNYA (iShares MSCI China A ETF) are both exchange-traded funds - IGLB is a Corporate Bonds fund tracking the ICE BofAML10+ Year US Corporate Index, while CNYA is a China Equities fund tracking the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, IGLB returned -2.01%/yr vs -1.67%/yr for CNYA. At a 0.08 correlation, their price movements are largely independent. IGLB charges 0.06%/yr vs 0.60%/yr for CNYA.
Performance
IGLB vs. CNYA - Performance Comparison
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Returns By Period
In the year-to-date period, IGLB achieves a 0.07% return, which is significantly lower than CNYA's 4.11% return.
IGLB
- 1D
- -0.28%
- 1M
- -0.68%
- YTD
- 0.07%
- 6M
- -0.21%
- 1Y
- 6.90%
- 3Y*
- 4.37%
- 5Y*
- -2.01%
- 10Y*
- 2.07%
CNYA
- 1D
- -0.99%
- 1M
- -4.23%
- YTD
- 4.11%
- 6M
- 6.49%
- 1Y
- 30.18%
- 3Y*
- 9.91%
- 5Y*
- -1.67%
- 10Y*
- —
IGLB vs. CNYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 0.07% | 7.53% | -1.50% | 11.03% | -25.38% | -1.68% | 13.30% | 23.19% | -6.90% | 12.15% |
CNYA iShares MSCI China A ETF | 4.11% | 26.48% | 10.78% | -13.76% | -26.51% | 3.53% | 41.54% | 35.95% | -26.56% | 30.99% |
Correlation
The correlation between IGLB and CNYA is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016 | 0.08 |
The correlation between IGLB and CNYA shifts across timeframes, from 0.08 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLB vs. CNYA — Risk / Return Rank
IGLB
CNYA
IGLB vs. CNYA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) 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.
| IGLB | CNYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.99 | -2.66 |
| Martin ratioReturn relative to average drawdown | 3.33 | 11.48 | -8.14 |
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
| IGLB | CNYA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.71 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.07 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.25 | +0.12 |
Drawdowns
IGLB vs. CNYA - Drawdown Comparison
The maximum IGLB drawdown since its inception was -34.12%, smaller than the maximum CNYA drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for IGLB and CNYA.
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Drawdown Indicators
| IGLB | CNYA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -49.49% | +15.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -7.59% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -33.35% | +20.48% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -44.65% | +10.53% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | — | — |
Current DrawdownCurrent decline from peak | -14.36% | -17.53% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -20.68% | +12.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 2.64% | -0.56% |
Volatility
IGLB vs. CNYA - Volatility Comparison
The current volatility for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) is 2.26%, while iShares MSCI China A ETF (CNYA) has a volatility of 6.87%. This indicates that IGLB 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
| IGLB | CNYA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 6.87% | -4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 5.75% | 12.79% | -7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.79% | 17.73% | -9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 23.85% | -11.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.54% | 23.57% | -11.03% |
IGLB vs. CNYA - Expense Ratio Comparison
IGLB has a 0.06% expense ratio, which is lower than CNYA's 0.60% expense ratio.
Dividends
IGLB vs. CNYA - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 5.30%, more than CNYA's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.84% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% | 0.00% |
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 5.30% | 5.14% | 5.10% | 4.59% | 4.56% | 3.16% | 3.22% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% |
Frequently Asked Questions
IGLB and CNYA have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNYA has higher volatility (6.87%) compared to IGLB (2.26%). In terms of maximum drawdown, IGLB dropped -34.12% vs CNYA's -49.49%.
On 5-year performance, CNYA leads with -1.67% vs -2.01% for IGLB. On fees, IGLB is cheaper at 0.06% per year. On volatility, IGLB has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CNYA has performed better with a -1.67% return vs -2.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGLB is cheaper with a 0.06% expense ratio, compared with 0.60% for CNYA.
IGLB has the higher dividend yield at 5.30%, compared with 1.84% for CNYA.
IGLB is categorized as Corporate Bonds, while CNYA is China Equities. IGLB tracks ICE BofAML10+ Year US Corporate Index, while CNYA tracks MSCI China A Inclusion Index. Their fees differ too: 0.06% for IGLB and 0.60% for CNYA.
CNYA currently has the higher Sharpe Ratio (1.71 vs 0.89), 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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