IPRV.L vs. CYBE.AS
IPRV.L (iShares Listed Private Equity UCITS ETF USD (Dist)) and CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) are both exchange-traded funds - IPRV.L is a Financials Equities fund tracking the S&P Listed Private Equity Index, while CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, IPRV.L returned 6.33%/yr vs 4.00%/yr for CYBE.AS. At a 0.03 correlation, their price movements are largely independent. IPRV.L charges 0.75%/yr vs 0.40%/yr for CYBE.AS.
Performance
IPRV.L vs. CYBE.AS - Performance Comparison
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Different Trading Currencies
IPRV.L is traded in GBp, while CYBE.AS is traded in EUR. To make them comparable, the CYBE.AS values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IPRV.L achieves a -12.08% return, which is significantly lower than CYBE.AS's 1.04% return.
IPRV.L
- 1D
- 2.62%
- 1M
- -2.90%
- YTD
- -12.08%
- 6M
- -10.54%
- 1Y
- -7.71%
- 3Y*
- 10.33%
- 5Y*
- 6.33%
- 10Y*
- 12.65%
CYBE.AS
- 1D
- 0.19%
- 1M
- 0.85%
- YTD
- 1.04%
- 6M
- 0.94%
- 1Y
- 4.50%
- 3Y*
- 5.27%
- 5Y*
- 4.00%
- 10Y*
- —
IPRV.L vs. CYBE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IPRV.L iShares Listed Private Equity UCITS ETF USD (Dist) | -12.08% | -4.65% | 26.96% | 32.91% | -19.32% | 36.07% |
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 1.04% | 5.71% | 5.03% | 3.53% | 5.61% | 0.09% |
Correlation
The correlation between IPRV.L and CYBE.AS is -0.03, 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 | -0.03 |
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 Mar 9, 2021 | 0.03 |
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Return for Risk
IPRV.L vs. CYBE.AS — Risk / Return Rank
IPRV.L
CYBE.AS
IPRV.L vs. CYBE.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) and iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS). 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.
| IPRV.L | CYBE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.17 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 1.83 | -2.16 |
| Martin ratioReturn relative to average drawdown | -0.69 | 3.86 | -4.55 |
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
| IPRV.L | CYBE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 0.96 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.70 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.70 | -0.54 |
Drawdowns
IPRV.L vs. CYBE.AS - Drawdown Comparison
The maximum IPRV.L drawdown since its inception was -74.08%, which is greater than CYBE.AS's maximum drawdown of -5.47%. Use the drawdown chart below to compare losses from any high point for IPRV.L and CYBE.AS.
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Drawdown Indicators
| IPRV.L | CYBE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.08% | -5.47% | -68.61% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -2.43% | -21.04% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -3.39% | -24.51% |
Max Drawdown (5Y)Largest decline over 5 years | -27.90% | -5.47% | -22.43% |
Max Drawdown (10Y)Largest decline over 10 years | -44.53% | — | — |
Current DrawdownCurrent decline from peak | -22.45% | -0.77% | -21.68% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -1.49% | -10.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.08% | 1.16% | +9.92% |
Volatility
IPRV.L vs. CYBE.AS - Volatility Comparison
iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) has a higher volatility of 5.75% compared to iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) at 1.94%. This indicates that IPRV.L's price experiences larger fluctuations and is considered to be riskier than CYBE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPRV.L | CYBE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 1.94% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 3.43% | +11.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 4.64% | +14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 5.85% | +13.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 5.88% | +14.48% |
IPRV.L vs. CYBE.AS - Expense Ratio Comparison
IPRV.L has a 0.75% expense ratio, which is higher than CYBE.AS's 0.40% expense ratio.
Dividends
IPRV.L vs. CYBE.AS - Dividend Comparison
IPRV.L's dividend yield for the trailing twelve months is around 5.23%, while CYBE.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IPRV.L iShares Listed Private Equity UCITS ETF USD (Dist) | 5.23% | 3.98% | 3.81% | 4.27% | 5.26% | 3.42% | 4.85% | 4.28% | 6.46% | 6.70% | 5.33% | 8.21% |
Frequently Asked Questions
IPRV.L and CYBE.AS have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CYBE.AS is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CYBE.AS is cheaper with a 0.40% expense ratio, compared with 0.75% for IPRV.L.
IPRV.L is categorized as Financials Equities, while CYBE.AS is Emerging Markets Bonds. IPRV.L tracks S&P Listed Private Equity Index, while CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.75% for IPRV.L and 0.40% for CYBE.AS.
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