APXJ.DE vs. CEBL.DE
APXJ.DE (Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist) and CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) are both Asia Pacific Equities funds - APXJ.DE tracks the MSCI Pacific ex Japan SRI Filtered PAB while CEBL.DE tracks the MSCI Emerging Markets Asia. Both are passively managed. Over the past 3 years, APXJ.DE returned 2.35%/yr vs 22.99%/yr for CEBL.DE. A 0.61 correlation means they provide meaningful diversification when combined. APXJ.DE charges 0.45%/yr vs 0.20%/yr for CEBL.DE.
Performance
APXJ.DE vs. CEBL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, APXJ.DE achieves a 2.49% return, which is significantly lower than CEBL.DE's 31.90% return.
APXJ.DE
- 1D
- -0.54%
- 1M
- -3.68%
- YTD
- 2.49%
- 6M
- 2.75%
- 1Y
- 1.04%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
CEBL.DE
- 1D
- -1.89%
- 1M
- 7.90%
- YTD
- 31.90%
- 6M
- 34.52%
- 1Y
- 55.49%
- 3Y*
- 22.99%
- 5Y*
- 8.97%
- 10Y*
- 11.02%
APXJ.DE vs. CEBL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
APXJ.DE Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist | 2.49% | 0.37% | 5.75% | 1.28% | -6.27% |
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 31.90% | 19.13% | 18.60% | 3.15% | -16.96% |
Correlation
The correlation between APXJ.DE and CEBL.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | 0.61 |
The correlation between APXJ.DE and CEBL.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
APXJ.DE vs. CEBL.DE — Risk / Return Rank
APXJ.DE
CEBL.DE
APXJ.DE vs. CEBL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist (APXJ.DE) 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.
| APXJ.DE | CEBL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.50 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 4.83 | -4.66 |
| Martin ratioReturn relative to average drawdown | 0.39 | 17.67 | -17.28 |
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
| APXJ.DE | CEBL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 2.81 | -2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.43 | -0.38 |
Drawdowns
APXJ.DE vs. CEBL.DE - Drawdown Comparison
The maximum APXJ.DE drawdown since its inception was -22.00%, smaller than the maximum CEBL.DE drawdown of -35.09%. Use the drawdown chart below to compare losses from any high point for APXJ.DE and CEBL.DE.
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Drawdown Indicators
| APXJ.DE | CEBL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.00% | -35.09% | +13.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.14% | -11.43% | +5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -20.53% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.12% | — |
Current DrawdownCurrent decline from peak | -5.39% | -2.85% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -11.09% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.13% | -0.50% |
Volatility
APXJ.DE vs. CEBL.DE - Volatility Comparison
The current volatility for Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist (APXJ.DE) is 3.55%, while iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a volatility of 8.24%. This indicates that APXJ.DE experiences smaller price fluctuations and is considered to be less risky than CEBL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APXJ.DE | CEBL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 8.24% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 16.36% | -7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 19.68% | -7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.33% | 18.48% | -4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 18.94% | -4.61% |
APXJ.DE vs. CEBL.DE - Expense Ratio Comparison
APXJ.DE has a 0.45% expense ratio, which is higher than CEBL.DE's 0.20% expense ratio.
Dividends
APXJ.DE vs. CEBL.DE - Dividend Comparison
APXJ.DE's dividend yield for the trailing twelve months is around 2.80%, while CEBL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
APXJ.DE Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist | 2.80% | 2.87% | 3.01% | 3.43% | 2.92% |
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
APXJ.DE and CEBL.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBL.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for APXJ.DE.
APXJ.DE tracks MSCI Pacific ex Japan SRI Filtered PAB, while CEBL.DE tracks MSCI Emerging Markets Asia. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.45% for APXJ.DE and 0.20% for CEBL.DE.
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