IGLT.L vs. CNYB.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and CNYB.L (iShares China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - IGLT.L is a Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks Index, 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, IGLT.L returned -4.97%/yr vs 3.62%/yr for CNYB.L. Their -0.01 correlation means they have often moved in opposite directions in the past. IGLT.L charges 0.07%/yr vs 0.35%/yr for CNYB.L.
Performance
IGLT.L vs. CNYB.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLT.L achieves a -1.10% return, which is significantly lower than CNYB.L's 5.84% return.
IGLT.L
- 1D
- 0.52%
- 1M
- -1.84%
- 6M
- -1.40%
- YTD
- -1.10%
- 1Y
- 1.89%
- 3Y*
- 2.17%
- 5Y*
- -4.97%
- 10Y*
- -1.38%
- ALL TIME*
- 2.25%
CNYB.L
- 1D
- -0.47%
- 1M
- -0.70%
- 6M
- 6.11%
- YTD
- 5.84%
- 1Y
- 8.43%
- 3Y*
- 4.30%
- 5Y*
- 3.62%
- 10Y*
- —
- ALL TIME*
- -0.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £8.22K | £62.54K | £113.89K | |
| £3.50M | £6.04M | £5.78M |
IGLT.L vs. CNYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | -1.10% | 4.70% | -3.34% | 3.61% | -23.74% | -5.00% | 8.06% | -0.01% |
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 5.84% | -2.20% | 6.65% | -4.09% | 6.21% | 9.69% | -19.80% | 0.53% |
Correlation
The correlation between IGLT.L and CNYB.L is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019 | -0.02 |
The correlation between IGLT.L and CNYB.L shifts across timeframes, from -0.18 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGLT.L vs. CNYB.L — Risk / Return Rank
IGLT.L
CNYB.L
IGLT.L vs. CNYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (IGLT.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.
| IGLT.L | CNYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.26 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 3.25 | -2.97 |
| Martin ratioReturn relative to average drawdown | 0.76 | 7.71 | -6.94 |
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Drawdowns
IGLT.L vs. CNYB.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.56%, which is greater than CNYB.L's maximum drawdown of -25.82%. Use the drawdown chart below to compare losses from any high point for IGLT.L and CNYB.L.
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Drawdown Indicators
| IGLT.L | CNYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -25.82% | -9.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -2.75% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -9.03% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -33.53% | -15.44% | -18.09% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | — | — |
Current DrawdownCurrent decline from peak | -26.15% | -6.58% | -19.57% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -12.51% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.16% | +1.03% |
Volatility
IGLT.L vs. CNYB.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) and iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) have volatilities of 1.68% and 1.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLT.L | CNYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.61% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 4.72% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 6.33% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.31% | 7.65% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 11.46% | -2.33% |
IGLT.L vs. CNYB.L - Expense Ratio Comparison
IGLT.L has a 0.07% expense ratio, which is lower than CNYB.L's 0.35% expense ratio.
Dividends
IGLT.L vs. CNYB.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.51%, more than CNYB.L's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 1.71% | 1.89% | 2.24% | 2.55% | 2.72% | 2.74% | 2.65% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLT.L iShares Core UK Gilts UCITS ETF | 4.51% | 4.26% | 3.69% | 2.40% | 1.32% | 0.79% | 0.95% | 1.24% | 1.31% | 1.30% | 1.88% | 2.05% |
Frequently Asked Questions
IGLT.L and CNYB.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLT.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLT.L is cheaper with a 0.07% expense ratio, compared with 0.35% for CNYB.L.
IGLT.L is categorized as Government Bonds, while CNYB.L is Emerging Markets Bonds. IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index, while CNYB.L tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.07% for IGLT.L and 0.35% for CNYB.L.
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