IGLT.L vs. CYGB.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and CYGB.L (iShares China CNY Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - IGLT.L is a Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks Index, 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, IGLT.L returned -4.97%/yr vs 5.30%/yr for CYGB.L. Their 0.06 correlation means their historical movements had little consistent relationship. IGLT.L charges 0.07%/yr vs 0.40%/yr for CYGB.L.
Performance
IGLT.L vs. CYGB.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 CYGB.L's 3.27% 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%
CYGB.L
- 1D
- -0.17%
- 1M
- 0.17%
- 6M
- 2.73%
- YTD
- 3.27%
- 1Y
- 3.85%
- 3Y*
- 6.57%
- 5Y*
- 5.30%
- 10Y*
- —
- ALL TIME*
- 5.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £126.15K | £474.77K | £188.14K | |
| £3.50M | £6.04M | £5.78M |
IGLT.L vs. CYGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | -1.10% | 4.70% | -3.34% | 3.61% | -23.74% | 1.39% |
CYGB.L iShares China CNY Bond UCITS ETF GBP Hedged (Dist) | 3.27% | 2.20% | 11.38% | 7.14% | 2.11% | 2.84% |
Correlation
The correlation between IGLT.L and CYGB.L is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.06 |
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Return for Risk
IGLT.L vs. CYGB.L — Risk / Return Rank
IGLT.L
CYGB.L
IGLT.L vs. CYGB.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 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.
| IGLT.L | CYGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.30 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 5.55 | -5.27 |
| Martin ratioReturn relative to average drawdown | 0.76 | 13.03 | -12.27 |
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Drawdowns
IGLT.L vs. CYGB.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.56%, which is greater than CYGB.L's maximum drawdown of -1.56%. Use the drawdown chart below to compare losses from any high point for IGLT.L and CYGB.L.
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Drawdown Indicators
| IGLT.L | CYGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -1.56% | -34.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -0.69% | -5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -1.56% | -5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -33.53% | -1.56% | -31.97% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | — | — |
Current DrawdownCurrent decline from peak | -26.15% | -0.34% | -25.81% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -0.24% | -8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 0.30% | +1.89% |
Volatility
IGLT.L vs. CYGB.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) has a higher volatility of 1.68% compared to iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.L) at 0.63%. This indicates that IGLT.L's price experiences larger fluctuations and is considered to be riskier 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
| IGLT.L | CYGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 0.63% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 2.24% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 2.71% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.31% | 2.38% | +7.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 2.33% | +6.80% |
IGLT.L vs. CYGB.L - Expense Ratio Comparison
IGLT.L has a 0.07% expense ratio, which is lower than CYGB.L's 0.40% expense ratio.
Dividends
IGLT.L vs. CYGB.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.51%, 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% |
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 CYGB.L have a correlation of -0.01, 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 0.40% for CYGB.L.
IGLT.L is categorized as Government Bonds, while CYGB.L is Emerging Markets Bonds. IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index, while CYGB.L tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.07% for IGLT.L and 0.40% for CYGB.L.
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