IUSQ.DE vs. CYBE.AS
IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) and CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) are both exchange-traded funds - IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI), while CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 3 years, IUSQ.DE returned 17.12%/yr vs 4.94%/yr for CYBE.AS. At a 0.04 correlation, their price movements are largely independent. IUSQ.DE charges 0.20%/yr vs 0.40%/yr for CYBE.AS.
Performance
IUSQ.DE vs. CYBE.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IUSQ.DE achieves a 11.73% return, which is significantly higher than CYBE.AS's 1.67% return.
IUSQ.DE
- 1D
- 1.86%
- 1M
- 2.20%
- YTD
- 11.73%
- 6M
- 13.44%
- 1Y
- 25.86%
- 3Y*
- 17.12%
- 5Y*
- 12.02%
- 10Y*
- 12.55%
CYBE.AS
- 1D
- 0.28%
- 1M
- 0.16%
- YTD
- 1.67%
- 6M
- 1.84%
- 1Y
- 1.50%
- 3Y*
- 4.94%
- 5Y*
- —
- 10Y*
- —
IUSQ.DE vs. CYBE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 11.73% | 9.02% | 24.53% | 18.57% | -13.58% | 7.38% |
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 1.67% | 0.17% | 10.33% | 5.57% | 0.42% | 0.25% |
Correlation
The correlation between IUSQ.DE and CYBE.AS is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.04 |
The correlation between IUSQ.DE and CYBE.AS shifts across timeframes, from -0.07 (1 year) to 0.05 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUSQ.DE vs. CYBE.AS — Risk / Return Rank
IUSQ.DE
CYBE.AS
IUSQ.DE vs. CYBE.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) 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.
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.
| IUSQ.DE | CYBE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.08 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 1.28 | +2.70 |
| Martin ratioReturn relative to average drawdown | 16.29 | 2.52 | +13.77 |
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Drawdowns
IUSQ.DE vs. CYBE.AS - Drawdown Comparison
The maximum IUSQ.DE drawdown since its inception was -33.60%, which is greater than CYBE.AS's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for IUSQ.DE and CYBE.AS.
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Drawdown Indicators
| IUSQ.DE | CYBE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -1.83% | -31.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -1.16% | -5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -21.25% | -1.83% | -19.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | — | — |
Current DrawdownCurrent decline from peak | -1.37% | -0.70% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -0.44% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 0.59% | +0.99% |
Volatility
IUSQ.DE vs. CYBE.AS - Volatility Comparison
iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a higher volatility of 3.41% compared to iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) at 1.42%. This indicates that IUSQ.DE'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
| IUSQ.DE | CYBE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 1.42% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 2.75% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 3.31% | +8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 2.71% | +11.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 2.71% | +12.32% |
IUSQ.DE vs. CYBE.AS - Expense Ratio Comparison
IUSQ.DE has a 0.20% expense ratio, which is lower than CYBE.AS's 0.40% expense ratio.
Dividends
IUSQ.DE vs. CYBE.AS - Dividend Comparison
Neither IUSQ.DE nor CYBE.AS has paid dividends to shareholders.
Frequently Asked Questions
IUSQ.DE and CYBE.AS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for CYBE.AS.
IUSQ.DE is categorized as Global Equities, while CYBE.AS is Emerging Markets Bonds. IUSQ.DE tracks MSCI All Country World (ACWI), while CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.20% for IUSQ.DE and 0.40% for CYBE.AS.
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