UB74.L vs. CNYB.L
UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) and CNYB.L (iShares China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - UB74.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, UB74.L returned 2.35%/yr vs 3.58%/yr for CNYB.L. A 0.64 correlation means they provide meaningful diversification when combined. UB74.L charges 0.05%/yr vs 0.35%/yr for CNYB.L.
Performance
UB74.L vs. CNYB.L - Performance Comparison
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Different Trading Currencies
UB74.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, UB74.L achieves a 0.81% return, which is significantly lower than CNYB.L's 5.09% return.
UB74.L
- 1D
- 0.28%
- 1M
- -0.21%
- 6M
- 0.35%
- YTD
- 0.81%
- 1Y
- 2.87%
- 3Y*
- 3.20%
- 5Y*
- 2.35%
- 10Y*
- 1.43%
CNYB.L
- 1D
- 0.24%
- 1M
- -0.35%
- 6M
- 4.32%
- YTD
- 5.09%
- 1Y
- 7.12%
- 3Y*
- 4.85%
- 5Y*
- 3.58%
- 10Y*
- —
UB74.L vs. CNYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 0.81% | -2.06% | 5.76% | -1.66% | 7.62% | 0.57% | -0.46% | -4.65% |
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 UB74.L and CNYB.L is 0.82, 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 | 0.82 |
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 UB74.L and CNYB.L shifts across timeframes, from 0.64 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UB74.L vs. CNYB.L — Risk / Return Rank
UB74.L
CNYB.L
UB74.L vs. CNYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.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.
| UB74.L | CNYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.21 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 2.58 | -1.96 |
| Martin ratioReturn relative to average drawdown | 1.55 | 6.11 | -4.57 |
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Drawdowns
UB74.L vs. CNYB.L - Drawdown Comparison
The maximum UB74.L drawdown since its inception was -41.53%, 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 UB74.L and CNYB.L.
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Drawdown Indicators
| UB74.L | CNYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -25.82% | -15.71% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -2.75% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -9.03% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -15.44% | -0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | — | — |
Current DrawdownCurrent decline from peak | -10.45% | -7.24% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -12.52% | -8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.16% | +0.69% |
Volatility
UB74.L vs. CNYB.L - Volatility Comparison
UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) and iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) have volatilities of 1.22% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UB74.L | CNYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.24% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 4.69% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.07% | 6.29% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 7.65% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.59% | 11.47% | -2.88% |
UB74.L vs. CNYB.L - Expense Ratio Comparison
UB74.L has a 0.05% expense ratio, which is lower than CNYB.L's 0.35% expense ratio.
Dividends
UB74.L vs. CNYB.L - Dividend Comparison
UB74.L's dividend yield for the trailing twelve months is around 3.69%, more than CNYB.L's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.69% | 4.94% | 3.67% | 2.22% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
Frequently Asked Questions
UB74.L and CNYB.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UB74.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB74.L is cheaper with a 0.05% expense ratio, compared with 0.35% for CNYB.L.
UB74.L is categorized as Government Bonds, while CNYB.L is Emerging Markets Bonds. UB74.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: UBS and iShares. Their fees differ too: 0.05% for UB74.L and 0.35% for CNYB.L.
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