U13G.L vs. CNYB.L
U13G.L (Amundi US Treasury Bond 1-3Y UCITS ETF Dist) and CNYB.L (iShares China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - U13G.L is a Government Bonds fund tracking the Bloomberg US 1-3 Year Treasury Bond Index, 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, U13G.L returned 2.55%/yr vs 3.58%/yr for CNYB.L. A 0.64 correlation means they provide meaningful diversification when combined. U13G.L charges 0.06%/yr vs 0.35%/yr for CNYB.L.
Performance
U13G.L vs. CNYB.L - Performance Comparison
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Different Trading Currencies
U13G.L is traded in GBp, while CNYB.L is traded in GBP. To make them comparable, the CNYB.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, U13G.L achieves a 1.05% return, which is significantly lower than CNYB.L's 5.08% return.
U13G.L
- 1D
- -0.03%
- 1M
- 0.39%
- 6M
- 1.03%
- YTD
- 1.05%
- 1Y
- 3.22%
- 3Y*
- 3.48%
- 5Y*
- 2.55%
- 10Y*
- 1.58%
CNYB.L
- 1D
- 0.23%
- 1M
- -0.13%
- 6M
- 4.82%
- YTD
- 5.08%
- 1Y
- 7.11%
- 3Y*
- 4.85%
- 5Y*
- 3.58%
- 10Y*
- —
U13G.L vs. CNYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
U13G.L Amundi US Treasury Bond 1-3Y UCITS ETF Dist | 1.05% | -2.02% | 5.86% | -1.60% | 7.64% | 0.59% | -0.40% | -4.66% |
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 5.08% | -2.20% | 6.65% | -4.09% | 6.21% | 9.69% | -19.80% | 0.53% |
Correlation
The correlation between U13G.L and CNYB.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019 | 0.64 |
The correlation between U13G.L and CNYB.L shifts across timeframes, from 0.64 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
U13G.L vs. CNYB.L — Risk / Return Rank
U13G.L
CNYB.L
U13G.L vs. CNYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Treasury Bond 1-3Y UCITS ETF Dist (U13G.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.
| U13G.L | CNYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.57 | -1.79 |
| Martin ratioReturn relative to average drawdown | 1.95 | 6.13 | -4.18 |
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Drawdowns
U13G.L vs. CNYB.L - Drawdown Comparison
The maximum U13G.L drawdown since its inception was -32.38%, which is greater than CNYB.L's maximum drawdown of -25.82%. Use the drawdown chart below to compare losses from any high point for U13G.L and CNYB.L.
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Drawdown Indicators
| U13G.L | CNYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.38% | -25.82% | -6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -2.75% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -9.03% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -15.44% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -18.93% | — | — |
Current DrawdownCurrent decline from peak | -11.42% | -7.25% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -12.53% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.16% | +0.67% |
Volatility
U13G.L vs. CNYB.L - Volatility Comparison
The current volatility for Amundi US Treasury Bond 1-3Y UCITS ETF Dist (U13G.L) is 1.52%, while iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) has a volatility of 1.68%. This indicates that U13G.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
| U13G.L | CNYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.68% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 4.69% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.03% | 6.29% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 7.66% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.56% | 11.48% | -2.92% |
U13G.L vs. CNYB.L - Expense Ratio Comparison
U13G.L has a 0.06% expense ratio, which is lower than CNYB.L's 0.35% expense ratio.
Dividends
U13G.L vs. CNYB.L - Dividend Comparison
U13G.L's dividend yield for the trailing twelve months is around 3.02%, more than CNYB.L's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
U13G.L Amundi US Treasury Bond 1-3Y UCITS ETF Dist | 3.02% | 3.06% | 2.39% | 1.79% | 1.46% | 1.19% | 1.69% | 2.19% | 1.96% | 1.82% | 1.61% |
Frequently Asked Questions
U13G.L and CNYB.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, U13G.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
U13G.L is cheaper with a 0.06% expense ratio, compared with 0.35% for CNYB.L.
U13G.L is categorized as Government Bonds, while CNYB.L is Emerging Markets Bonds. U13G.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while CNYB.L tracks Bloomberg China Treasury + Policy Bank Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.06% for U13G.L and 0.35% for CNYB.L.
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