SGSU.L vs. CNYB.L
SGSU.L (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist)) and CNYB.L (iShares China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - SGSU.L is a Short-Term Bond fund tracking the Bloomberg MSCI US Corporate 0-3 ESG SRI Index (USD), while CNYB.L is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, SGSU.L returned 2.53%/yr vs 3.58%/yr for CNYB.L. At a correlation of -0.07, they often move in opposite directions. SGSU.L charges 0.14%/yr vs 0.35%/yr for CNYB.L.
Performance
SGSU.L vs. CNYB.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGSU.L achieves a 1.47% return, which is significantly lower than CNYB.L's 5.09% return.
SGSU.L
- 1D
- -0.21%
- 1M
- -0.00%
- 6M
- 1.25%
- YTD
- 1.47%
- 1Y
- 3.87%
- 3Y*
- 4.82%
- 5Y*
- 2.53%
- 10Y*
- —
CNYB.L
- 1D
- 0.24%
- 1M
- -0.35%
- 6M
- 4.32%
- YTD
- 5.09%
- 1Y
- 7.12%
- 3Y*
- 4.85%
- 5Y*
- 3.58%
- 10Y*
- —
SGSU.L vs. CNYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 1.47% | 5.12% | 5.16% | 4.29% | -2.66% | -0.43% | 2.44% | 0.80% |
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 5.09% | -2.20% | 6.65% | -4.09% | 6.21% | 9.69% | -19.80% | 0.53% |
Correlation
The correlation between SGSU.L and CNYB.L is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019 | -0.07 |
The correlation between SGSU.L and CNYB.L shifts across timeframes, from -0.18 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SGSU.L vs. CNYB.L — Risk / Return Rank
SGSU.L
CNYB.L
SGSU.L vs. CNYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) and iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.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.
| SGSU.L | CNYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.21 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 9.26 | 2.58 | +6.69 |
| Martin ratioReturn relative to average drawdown | 28.87 | 6.11 | +22.76 |
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Drawdowns
SGSU.L vs. CNYB.L - Drawdown Comparison
The maximum SGSU.L drawdown since its inception was -8.45%, smaller than the maximum CNYB.L drawdown of -25.82%. Use the drawdown chart below to compare losses from any high point for SGSU.L and CNYB.L.
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Drawdown Indicators
| SGSU.L | CNYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.45% | -25.82% | +17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -2.75% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -0.62% | -9.03% | +8.41% |
Max Drawdown (5Y)Largest decline over 5 years | -4.83% | -15.44% | +10.61% |
Current DrawdownCurrent decline from peak | -0.21% | -7.24% | +7.03% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -12.52% | +11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 1.16% | -1.03% |
Volatility
SGSU.L vs. CNYB.L - Volatility Comparison
The current volatility for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) is 0.48%, while iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) has a volatility of 1.24%. This indicates that SGSU.L experiences smaller price fluctuations and is considered to be less risky than CNYB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGSU.L | CNYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.24% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 4.69% | -3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.73% | 6.29% | -4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 7.65% | -5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.02% | 11.47% | -8.45% |
SGSU.L vs. CNYB.L - Expense Ratio Comparison
SGSU.L has a 0.14% expense ratio, which is lower than CNYB.L's 0.35% expense ratio.
Dividends
SGSU.L vs. CNYB.L - Dividend Comparison
SGSU.L's dividend yield for the trailing twelve months is around 4.47%, more than CNYB.L's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 1.72% | 1.89% | 2.24% | 2.55% | 2.72% | 2.74% | 2.65% | 0.72% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 4.47% | 4.60% | 4.62% | 3.98% | 1.67% | 0.79% | 3.43% | 0.00% |
Frequently Asked Questions
SGSU.L and CNYB.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGSU.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGSU.L is cheaper with a 0.14% expense ratio, compared with 0.35% for CNYB.L.
SGSU.L is categorized as Short-Term Bond, while CNYB.L is Emerging Markets Bonds. SGSU.L tracks Bloomberg MSCI US Corporate 0-3 ESG SRI Index (USD), while CNYB.L tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.14% for SGSU.L and 0.35% for CNYB.L.
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