IS0Q.DE vs. CGB.DE
IS0Q.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - IS0Q.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index while CGB.DE tracks the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. Both are passively managed. Over the past 10 years, IS0Q.DE returned 3.24%/yr vs 2.48%/yr for CGB.DE. A 0.61 correlation means they provide meaningful diversification when combined. IS0Q.DE charges 0.50%/yr vs 0.20%/yr for CGB.DE.
Performance
IS0Q.DE vs. CGB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0Q.DE achieves a 4.68% return, which is significantly lower than CGB.DE's 8.00% return. Over the past 10 years, IS0Q.DE has outperformed CGB.DE with an annualized return of 3.24%, while CGB.DE has yielded a comparatively lower 2.48% annualized return.
IS0Q.DE
- 1D
- 0.09%
- 1M
- 1.94%
- 6M
- 4.52%
- YTD
- 4.68%
- 1Y
- 8.96%
- 3Y*
- 5.37%
- 5Y*
- 2.68%
- 10Y*
- 3.24%
CGB.DE
- 1D
- 0.40%
- 1M
- 1.32%
- 6M
- 7.77%
- YTD
- 8.00%
- 1Y
- 11.41%
- 3Y*
- 3.87%
- 5Y*
- 3.23%
- 10Y*
- 2.48%
IS0Q.DE vs. CGB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0Q.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 4.68% | -3.70% | 12.34% | 4.23% | -6.55% | 7.84% | -2.78% | 16.71% | 1.69% | -5.24% |
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.00% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | 4.86% | 4.94% | -7.90% |
Correlation
The correlation between IS0Q.DE and CGB.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | 0.61 |
The correlation between IS0Q.DE and CGB.DE shifts across timeframes, from 0.60 (10 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS0Q.DE vs. CGB.DE — Risk / Return Rank
IS0Q.DE
CGB.DE
IS0Q.DE vs. CGB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (IS0Q.DE) and Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE). 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.
| IS0Q.DE | CGB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 4.02 | -1.04 |
| Martin ratioReturn relative to average drawdown | 8.52 | 11.91 | -3.39 |
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Drawdowns
IS0Q.DE vs. CGB.DE - Drawdown Comparison
The maximum IS0Q.DE drawdown since its inception was -26.03%, which is greater than CGB.DE's maximum drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for IS0Q.DE and CGB.DE.
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Drawdown Indicators
| IS0Q.DE | CGB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -20.06% | -5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.83% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -11.08% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -11.02% | -13.94% | +2.92% |
Max Drawdown (10Y)Largest decline over 10 years | -23.18% | -14.64% | -8.54% |
Current DrawdownCurrent decline from peak | -2.03% | -0.94% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -9.28% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.96% | +0.09% |
Volatility
IS0Q.DE vs. CGB.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (IS0Q.DE) is 1.46%, while Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a volatility of 1.70%. This indicates that IS0Q.DE experiences smaller price fluctuations and is considered to be less risky than CGB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0Q.DE | CGB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.70% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 4.01% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 5.81% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 6.74% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 11.06% | -2.29% |
IS0Q.DE vs. CGB.DE - Expense Ratio Comparison
IS0Q.DE has a 0.50% expense ratio, which is higher than CGB.DE's 0.20% expense ratio.
Dividends
IS0Q.DE vs. CGB.DE - Dividend Comparison
IS0Q.DE's dividend yield for the trailing twelve months is around 5.50%, more than CGB.DE's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 2.00% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% | 0.00% |
IS0Q.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 5.50% | 5.61% | 5.36% | 5.07% | 4.31% | 3.54% | 4.14% | 4.58% | 4.69% | 4.55% | 4.51% | 5.13% |
Frequently Asked Questions
IS0Q.DE and CGB.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGB.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for IS0Q.DE.
IS0Q.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index, while CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for IS0Q.DE and 0.20% for CGB.DE.
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