IWDA.AS vs. CYBU.AS
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and CYBU.AS (iShares China CNY Bond UCITS ETF USD Hedged (Dist)) are both exchange-traded funds - IWDA.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while CYBU.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, IWDA.AS returned 12.89%/yr vs 6.65%/yr for CYBU.AS. At a 0.09 correlation, their price movements are largely independent. IWDA.AS charges 0.20%/yr vs 0.40%/yr for CYBU.AS.
Performance
IWDA.AS vs. CYBU.AS - Performance Comparison
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Different Trading Currencies
IWDA.AS is traded in EUR, while CYBU.AS is traded in USD. To make them comparable, the CYBU.AS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWDA.AS achieves a 11.10% return, which is significantly higher than CYBU.AS's 3.70% return.
IWDA.AS
- 1D
- -0.31%
- 1M
- 5.58%
- YTD
- 11.10%
- 6M
- 11.60%
- 1Y
- 23.84%
- 3Y*
- 17.67%
- 5Y*
- 12.89%
- 10Y*
- 12.88%
CYBU.AS
- 1D
- 0.18%
- 1M
- 1.28%
- YTD
- 3.70%
- 6M
- 3.08%
- 1Y
- 1.71%
- 3Y*
- 4.13%
- 5Y*
- 6.65%
- 10Y*
- —
IWDA.AS vs. CYBU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.10% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 3.22% |
CYBU.AS iShares China CNY Bond UCITS ETF USD Hedged (Dist) | 3.70% | -9.69% | 18.86% | 4.58% | 8.91% | 9.95% | -7.28% | 0.97% |
Correlation
The correlation between IWDA.AS and CYBU.AS is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019 | 0.09 |
The correlation between IWDA.AS and CYBU.AS shifts across timeframes, from 0.09 (all time) to 0.19 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IWDA.AS vs. CYBU.AS — Risk / Return Rank
IWDA.AS
CYBU.AS
IWDA.AS vs. CYBU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) and iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.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.
| IWDA.AS | CYBU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.05 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 0.40 | +3.25 |
| Martin ratioReturn relative to average drawdown | 14.56 | 0.90 | +13.66 |
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
| IWDA.AS | CYBU.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.26 | +1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.83 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.52 | +0.30 |
Drawdowns
IWDA.AS vs. CYBU.AS - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, which is greater than CYBU.AS's maximum drawdown of -15.50%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and CYBU.AS.
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Drawdown Indicators
| IWDA.AS | CYBU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -15.50% | -18.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -4.26% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -12.74% | -8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -12.74% | -8.85% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -7.69% | +7.38% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -6.50% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.87% | -0.24% |
Volatility
IWDA.AS vs. CYBU.AS - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a higher volatility of 2.79% compared to iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.AS) at 1.47%. This indicates that IWDA.AS's price experiences larger fluctuations and is considered to be riskier than CYBU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDA.AS | CYBU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 1.47% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 4.61% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 6.59% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 7.88% | +6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 7.80% | +7.20% |
IWDA.AS vs. CYBU.AS - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is lower than CYBU.AS's 0.40% expense ratio.
Dividends
IWDA.AS vs. CYBU.AS - Dividend Comparison
IWDA.AS has not paid dividends to shareholders, while CYBU.AS's dividend yield for the trailing twelve months is around 1.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CYBU.AS iShares China CNY Bond UCITS ETF USD Hedged (Dist) | 1.84% | 1.88% | 2.13% | 2.45% | 2.60% | 2.82% | 2.66% | 0.21% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWDA.AS and CYBU.AS have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.40% for CYBU.AS.
IWDA.AS is categorized as Global Equities, while CYBU.AS is Emerging Markets Bonds. IWDA.AS tracks MSCI ACWI NR USD, while CYBU.AS tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.20% for IWDA.AS and 0.40% for CYBU.AS.
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