WGLD.DE vs. CYBE.AS
WGLD.DE (WisdomTree Core Physical Gold) and CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) are both exchange-traded funds - WGLD.DE is a Precious Metals fund tracking the Gold, while CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, WGLD.DE returned 19.71%/yr vs 3.85%/yr for CYBE.AS. At a 0.01 correlation, their price movements are largely independent. WGLD.DE charges 0.12%/yr vs 0.40%/yr for CYBE.AS.
Performance
WGLD.DE vs. CYBE.AS - Performance Comparison
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Returns By Period
In the year-to-date period, WGLD.DE achieves a 2.75% return, which is significantly higher than CYBE.AS's 1.79% return.
WGLD.DE
- 1D
- 0.59%
- 1M
- -1.57%
- YTD
- 2.75%
- 6M
- 6.40%
- 1Y
- 30.17%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
CYBE.AS
- 1D
- 0.07%
- 1M
- 0.63%
- YTD
- 1.79%
- 6M
- 1.92%
- 1Y
- 1.75%
- 3Y*
- 5.12%
- 5Y*
- 3.85%
- 10Y*
- —
WGLD.DE vs. CYBE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WGLD.DE WisdomTree Core Physical Gold | 2.75% | 49.08% | 34.17% | 9.39% | 7.07% | 9.65% |
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 1.79% | 0.34% | 10.03% | 5.64% | 0.42% | 2.18% |
Correlation
The correlation between WGLD.DE and CYBE.AS is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.01 |
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Return for Risk
WGLD.DE vs. CYBE.AS — Risk / Return Rank
WGLD.DE
CYBE.AS
WGLD.DE vs. CYBE.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) and iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.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.
| WGLD.DE | CYBE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.14 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.58 | +0.23 |
| Martin ratioReturn relative to average drawdown | 4.60 | 3.03 | +1.57 |
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
| WGLD.DE | CYBE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.69 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.77 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 1.78 | -0.51 |
Drawdowns
WGLD.DE vs. CYBE.AS - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, which is greater than CYBE.AS's maximum drawdown of -1.81%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and CYBE.AS.
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Drawdown Indicators
| WGLD.DE | CYBE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -1.81% | -14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -1.09% | -15.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -1.81% | -14.77% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | -1.81% | -14.77% |
Current DrawdownCurrent decline from peak | -14.99% | -0.62% | -14.37% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -0.42% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 0.58% | +5.96% |
Volatility
WGLD.DE vs. CYBE.AS - Volatility Comparison
WisdomTree Core Physical Gold (WGLD.DE) has a higher volatility of 5.05% compared to iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) at 1.41%. This indicates that WGLD.DE's price experiences larger fluctuations and is considered to be riskier than CYBE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGLD.DE | CYBE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 1.41% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 2.16% | +18.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 2.51% | +20.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 2.22% | +13.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 2.20% | +13.68% |
WGLD.DE vs. CYBE.AS - Expense Ratio Comparison
WGLD.DE has a 0.12% expense ratio, which is lower than CYBE.AS's 0.40% expense ratio.
Dividends
WGLD.DE vs. CYBE.AS - Dividend Comparison
Neither WGLD.DE nor CYBE.AS has paid dividends to shareholders.
Frequently Asked Questions
WGLD.DE and CYBE.AS have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WGLD.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGLD.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for CYBE.AS.
WGLD.DE is categorized as Precious Metals, while CYBE.AS is Emerging Markets Bonds. WGLD.DE tracks Gold, while CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.12% for WGLD.DE and 0.40% for CYBE.AS.
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