AASG.L vs. CEBL.DE
AASG.L (Amundi MSCI Emerging Markets Asia UCITS ETF USD) and CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) are both Asia Pacific Equities funds - AASG.L tracks the MSCI AC Asia Ex Japan NR USD while CEBL.DE tracks the MSCI Emerging Markets Asia. Both are passively managed. Over the past 10 years, AASG.L returned 12.54%/yr vs 12.47%/yr for CEBL.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
AASG.L vs. CEBL.DE - Performance Comparison
Loading charts...
Different Trading Currencies
AASG.L is traded in GBp, while CEBL.DE is traded in EUR. To make them comparable, the CEBL.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with AASG.L having a 32.89% return and CEBL.DE slightly higher at 33.26%. Both investments have delivered pretty close results over the past 10 years, with AASG.L having a 12.54% annualized return and CEBL.DE not far behind at 12.47%.
AASG.L
- 1D
- -0.95%
- 1M
- 13.19%
- YTD
- 32.89%
- 6M
- 35.83%
- 1Y
- 64.11%
- 3Y*
- 23.54%
- 5Y*
- 9.38%
- 10Y*
- 12.54%
CEBL.DE
- 1D
- -0.97%
- 1M
- 12.48%
- YTD
- 33.26%
- 6M
- 35.36%
- 1Y
- 64.82%
- 3Y*
- 23.83%
- 5Y*
- 9.52%
- 10Y*
- 12.47%
AASG.L vs. CEBL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AASG.L Amundi MSCI Emerging Markets Asia UCITS ETF USD | 32.89% | 23.83% | 14.04% | 0.69% | -11.51% | -4.50% | 24.04% | 14.10% | -10.84% | 30.20% |
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 33.26% | 25.33% | 13.43% | 1.09% | -10.91% | -5.17% | 21.68% | 15.82% | -11.42% | 30.41% |
Correlation
The correlation between AASG.L and CEBL.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.93 |
The correlation between AASG.L and CEBL.DE has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AASG.L vs. CEBL.DE — Risk / Return Rank
AASG.L
CEBL.DE
AASG.L vs. CEBL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) and iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE). 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.
| AASG.L | CEBL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.61 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 5.76 | -0.20 |
| Martin ratioReturn relative to average drawdown | 19.24 | 19.90 | -0.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AASG.L | CEBL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.50 | 3.41 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.52 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.66 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.46 | +0.23 |
Drawdowns
AASG.L vs. CEBL.DE - Drawdown Comparison
The maximum AASG.L drawdown since its inception was -34.12%, roughly equal to the maximum CEBL.DE drawdown of -33.98%. Use the drawdown chart below to compare losses from any high point for AASG.L and CEBL.DE.
Loading charts...
Drawdown Indicators
| AASG.L | CEBL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -33.98% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -11.19% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -18.50% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -28.57% | -28.82% | +0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | -33.98% | -0.14% |
Current DrawdownCurrent decline from peak | -0.95% | -0.97% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -10.98% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.25% | +0.07% |
Volatility
AASG.L vs. CEBL.DE - Volatility Comparison
Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) and iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) have volatilities of 8.31% and 8.19%, 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.
Loading charts...
Volatility by Period
| AASG.L | CEBL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 8.19% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.42% | 15.92% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 18.90% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 18.12% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 18.90% | -0.35% |
AASG.L vs. CEBL.DE - Expense Ratio Comparison
Both AASG.L and CEBL.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AASG.L vs. CEBL.DE - Dividend Comparison
Neither AASG.L nor CEBL.DE has paid dividends to shareholders.
Frequently Asked Questions
AASG.L and CEBL.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AASG.L and CEBL.DE have the same expense ratio: 0.20% per year.
AASG.L tracks MSCI AC Asia Ex Japan NR USD, while CEBL.DE tracks MSCI Emerging Markets Asia. They also come from different issuers: Amundi and iShares.
Find the right allocation for AASG.L and CEBL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer