VEVE.AS vs. CYBU.AS
VEVE.AS (Vanguard FTSE Developed World UCITS ETF) and CYBU.AS (iShares China CNY Bond UCITS ETF USD Hedged (Dist)) are both exchange-traded funds - VEVE.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, VEVE.AS returned 13.13%/yr vs 6.65%/yr for CYBU.AS. At a 0.09 correlation, their price movements are largely independent. VEVE.AS charges 0.12%/yr vs 0.40%/yr for CYBU.AS.
Performance
VEVE.AS vs. CYBU.AS - Performance Comparison
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Different Trading Currencies
VEVE.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, VEVE.AS achieves a 12.81% return, which is significantly higher than CYBU.AS's 3.69% return.
VEVE.AS
- 1D
- -0.27%
- 1M
- 5.23%
- YTD
- 12.81%
- 6M
- 13.33%
- 1Y
- 26.42%
- 3Y*
- 18.25%
- 5Y*
- 13.13%
- 10Y*
- 12.95%
CYBU.AS
- 1D
- -0.09%
- 1M
- 1.40%
- YTD
- 3.69%
- 6M
- 3.08%
- 1Y
- 1.89%
- 3Y*
- 4.13%
- 5Y*
- 6.65%
- 10Y*
- —
VEVE.AS vs. CYBU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 12.81% | 8.22% | 26.33% | 19.38% | -13.20% | 31.47% | 6.50% | 3.25% |
CYBU.AS iShares China CNY Bond UCITS ETF USD Hedged (Dist) | 3.69% | -9.69% | 18.86% | 4.58% | 8.91% | 9.95% | -7.28% | 0.97% |
Correlation
The correlation between VEVE.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 VEVE.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
VEVE.AS vs. CYBU.AS — Risk / Return Rank
VEVE.AS
CYBU.AS
VEVE.AS vs. CYBU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF (VEVE.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.
| VEVE.AS | CYBU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.05 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 0.44 | +3.78 |
| Martin ratioReturn relative to average drawdown | 17.34 | 0.99 | +16.35 |
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
| VEVE.AS | CYBU.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 0.28 | +2.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.83 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.52 | -0.17 |
Drawdowns
VEVE.AS vs. CYBU.AS - Drawdown Comparison
The maximum VEVE.AS drawdown since its inception was -33.57%, 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 VEVE.AS and CYBU.AS.
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Drawdown Indicators
| VEVE.AS | CYBU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -15.50% | -18.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -4.26% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -12.74% | -8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -12.74% | -8.34% |
Max Drawdown (10Y)Largest decline over 10 years | -33.57% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -7.69% | +7.13% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -6.50% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.87% | -0.36% |
Volatility
VEVE.AS vs. CYBU.AS - Volatility Comparison
Vanguard FTSE Developed World UCITS ETF (VEVE.AS) has a higher volatility of 2.88% compared to iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.AS) at 1.41%. This indicates that VEVE.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
| VEVE.AS | CYBU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 1.41% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 4.60% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 6.58% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 7.87% | +6.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 7.79% | +9.82% |
VEVE.AS vs. CYBU.AS - Expense Ratio Comparison
VEVE.AS has a 0.12% expense ratio, which is lower than CYBU.AS's 0.40% expense ratio.
Dividends
VEVE.AS vs. CYBU.AS - Dividend Comparison
VEVE.AS's dividend yield for the trailing twelve months is around 1.23%, less than CYBU.AS's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 1.23% | 1.41% | 1.46% | 1.73% | 2.04% | 1.43% | 1.61% | 1.89% | 2.28% | 1.97% | 1.98% | 2.05% |
Frequently Asked Questions
VEVE.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, VEVE.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEVE.AS is cheaper with a 0.12% expense ratio, compared with 0.40% for CYBU.AS.
VEVE.AS is categorized as Global Equities, while CYBU.AS is Emerging Markets Bonds. VEVE.AS tracks MSCI ACWI NR USD, while CYBU.AS tracks Bloomberg China Treasury + Policy Bank Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.12% for VEVE.AS and 0.40% for CYBU.AS.
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