IUSU.DE vs. ICGA.DE
IUSU.DE (iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist)) and ICGA.DE (iShares MSCI China UCITS ETF USD Acc) are both exchange-traded funds - IUSU.DE is a Short-Term Bond fund tracking the Bloomberg US Government TR USD, while ICGA.DE is a China Equities fund tracking the MSCI China. Both are passively managed. Over the past 5 years, IUSU.DE returned 2.52%/yr vs -4.32%/yr for ICGA.DE. At a correlation of -0.05, they often move in opposite directions. IUSU.DE charges 0.07%/yr vs 0.28%/yr for ICGA.DE.
Performance
IUSU.DE vs. ICGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSU.DE achieves a 1.44% return, which is significantly higher than ICGA.DE's -6.86% return.
IUSU.DE
- 1D
- -0.10%
- 1M
- 1.08%
- YTD
- 1.44%
- 6M
- 0.79%
- 1Y
- 1.26%
- 3Y*
- 0.99%
- 5Y*
- 2.52%
- 10Y*
- 1.30%
ICGA.DE
- 1D
- -0.54%
- 1M
- -3.40%
- YTD
- -6.86%
- 6M
- -9.46%
- 1Y
- 2.44%
- 3Y*
- 7.72%
- 5Y*
- -4.32%
- 10Y*
- —
IUSU.DE vs. ICGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSU.DE iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) | 1.44% | -6.89% | 9.65% | 0.49% | 2.10% | 7.62% | -6.25% | 2.62% |
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -6.86% | 16.64% | 27.28% | -14.71% | -15.17% | -17.27% | 15.31% | 14.05% |
Correlation
The correlation between IUSU.DE and ICGA.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | -0.05 |
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Return for Risk
IUSU.DE vs. ICGA.DE — Risk / Return Rank
IUSU.DE
ICGA.DE
IUSU.DE vs. ICGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) (IUSU.DE) and iShares MSCI China UCITS ETF USD Acc (ICGA.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.
| IUSU.DE | ICGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.16 | +0.12 |
| Martin ratioReturn relative to average drawdown | 0.61 | 0.34 | +0.27 |
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
| IUSU.DE | ICGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.15 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.15 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.05 | +0.16 |
Drawdowns
IUSU.DE vs. ICGA.DE - Drawdown Comparison
The maximum IUSU.DE drawdown since its inception was -19.29%, smaller than the maximum ICGA.DE drawdown of -55.95%. Use the drawdown chart below to compare losses from any high point for IUSU.DE and ICGA.DE.
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Drawdown Indicators
| IUSU.DE | ICGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.29% | -55.95% | +36.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -16.84% | +13.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.07% | -24.41% | +13.34% |
Max Drawdown (5Y)Largest decline over 5 years | -12.54% | -49.32% | +36.78% |
Max Drawdown (10Y)Largest decline over 10 years | -16.83% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -32.56% | +24.92% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -28.80% | +21.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 8.08% | -6.45% |
Volatility
IUSU.DE vs. ICGA.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) (IUSU.DE) is 0.98%, while iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a volatility of 7.19%. This indicates that IUSU.DE experiences smaller price fluctuations and is considered to be less risky than ICGA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSU.DE | ICGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 7.19% | -6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 13.31% | -9.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 18.64% | -13.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.19% | 27.66% | -20.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 26.97% | -20.05% |
IUSU.DE vs. ICGA.DE - Expense Ratio Comparison
IUSU.DE has a 0.07% expense ratio, which is lower than ICGA.DE's 0.28% expense ratio.
Dividends
IUSU.DE vs. ICGA.DE - Dividend Comparison
IUSU.DE's dividend yield for the trailing twelve months is around 3.43%, while ICGA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICGA.DE iShares MSCI China UCITS ETF USD 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% |
IUSU.DE iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) | 3.43% | 3.85% | 3.69% | 2.90% | 0.75% | 0.51% | 1.62% | 2.07% | 1.26% | 0.89% | 0.62% | 0.24% |
Frequently Asked Questions
IUSU.DE and ICGA.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSU.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSU.DE is cheaper with a 0.07% expense ratio, compared with 0.28% for ICGA.DE.
IUSU.DE is categorized as Short-Term Bond, while ICGA.DE is China Equities. IUSU.DE tracks Bloomberg US Government TR USD, while ICGA.DE tracks MSCI China. Their fees differ too: 0.07% for IUSU.DE and 0.28% for ICGA.DE.
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