SGEA.L vs. CYGB.L
SGEA.L (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and CYGB.L (iShares China CNY Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - SGEA.L is a Government Bonds fund tracking the iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist), while CYGB.L is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, SGEA.L returned 0.02%/yr vs 5.44%/yr for CYGB.L. At a 0.04 correlation, their price movements are largely independent. SGEA.L charges 0.50%/yr vs 0.40%/yr for CYGB.L.
Performance
SGEA.L vs. CYGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGEA.L achieves a -6.30% return, which is significantly lower than CYGB.L's 3.55% return.
SGEA.L
- 1D
- 0.50%
- 1M
- -0.75%
- 6M
- -5.74%
- YTD
- -6.30%
- 1Y
- -7.02%
- 3Y*
- -0.14%
- 5Y*
- 0.02%
- 10Y*
- 0.95%
CYGB.L
- 1D
- 0.10%
- 1M
- 0.74%
- 6M
- 3.19%
- YTD
- 3.55%
- 1Y
- 3.60%
- 3Y*
- 6.74%
- 5Y*
- 5.44%
- 10Y*
- —
SGEA.L vs. CYGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -6.30% | -1.01% | 3.19% | -0.97% | 3.25% | 2.44% |
CYGB.L iShares China CNY Bond UCITS ETF GBP Hedged (Dist) | 3.55% | 2.20% | 11.38% | 7.14% | 2.11% | 2.84% |
Correlation
The correlation between SGEA.L and CYGB.L is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.04 |
The correlation between SGEA.L and CYGB.L shifts across timeframes, from -0.08 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGEA.L vs. CYGB.L — Risk / Return Rank
SGEA.L
CYGB.L
SGEA.L vs. CYGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (SGEA.L) and iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.L). 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.
| SGEA.L | CYGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.35 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.28 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 5.18 | -5.89 |
| Martin ratioReturn relative to average drawdown | -1.29 | 11.91 | -13.20 |
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Drawdowns
SGEA.L vs. CYGB.L - Drawdown Comparison
The maximum SGEA.L drawdown since its inception was -40.80%, which is greater than CYGB.L's maximum drawdown of -1.56%. Use the drawdown chart below to compare losses from any high point for SGEA.L and CYGB.L.
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Drawdown Indicators
| SGEA.L | CYGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.80% | -1.56% | -39.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -0.69% | -8.22% |
Max Drawdown (3Y)Largest decline over 3 years | -10.30% | -1.56% | -8.74% |
Max Drawdown (5Y)Largest decline over 5 years | -10.30% | -1.56% | -8.74% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -10.01% | 0.00% | -10.01% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -0.24% | -17.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 0.30% | +4.61% |
Volatility
SGEA.L vs. CYGB.L - Volatility Comparison
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (SGEA.L) has a higher volatility of 1.89% compared to iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.L) at 0.59%. This indicates that SGEA.L's price experiences larger fluctuations and is considered to be riskier than CYGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGEA.L | CYGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 0.59% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 2.22% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 2.71% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.98% | 2.37% | +4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.03% | 2.33% | +5.70% |
SGEA.L vs. CYGB.L - Expense Ratio Comparison
SGEA.L has a 0.50% expense ratio, which is higher than CYGB.L's 0.40% expense ratio.
Dividends
SGEA.L vs. CYGB.L - Dividend Comparison
SGEA.L's dividend yield for the trailing twelve months is around 3.60%, more than CYGB.L's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CYGB.L iShares China CNY Bond UCITS ETF GBP Hedged (Dist) | 1.70% | 1.84% | 2.13% | 2.38% | 2.68% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 3.60% | 3.40% | 3.00% | 2.90% | 2.81% | 2.37% | 2.97% | 2.55% | 2.46% | 2.17% | 2.65% | 1.11% |
Frequently Asked Questions
SGEA.L and CYGB.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CYGB.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CYGB.L is cheaper with a 0.40% expense ratio, compared with 0.50% for SGEA.L.
SGEA.L is categorized as Government Bonds, while CYGB.L is Emerging Markets Bonds. SGEA.L tracks iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist), while CYGB.L tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.50% for SGEA.L and 0.40% for CYGB.L.
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