B41J.DE vs. CEBZ.DE
B41J.DE (Global X European Infrastructure Development UCITS ETF EUR Accumulating) and CEBZ.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both Europe Equities funds - B41J.DE tracks the Mirae Asset European Infrastructure Development Index while CEBZ.DE tracks the MSCI Europe Index. Both are passively managed. Over the past year, B41J.DE returned 8.84% vs 16.09% for CEBZ.DE. A 0.71 correlation means they provide meaningful diversification when combined. B41J.DE charges 0.47%/yr vs 0.12%/yr for CEBZ.DE.
Performance
B41J.DE vs. CEBZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with B41J.DE having a 7.25% return and CEBZ.DE slightly higher at 7.37%.
B41J.DE
- 1D
- 0.02%
- 1M
- -0.79%
- YTD
- 7.25%
- 6M
- 8.32%
- 1Y
- 8.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEBZ.DE
- 1D
- 0.58%
- 1M
- 3.21%
- YTD
- 7.37%
- 6M
- 9.72%
- 1Y
- 16.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
B41J.DE vs. CEBZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
B41J.DE Global X European Infrastructure Development UCITS ETF EUR Accumulating | 7.25% | 27.74% | -2.48% |
CEBZ.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.37% | 20.45% | -1.16% |
Correlation
The correlation between B41J.DE and CEBZ.DE is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.71 |
The correlation between B41J.DE and CEBZ.DE has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
B41J.DE vs. CEBZ.DE — Risk / Return Rank
B41J.DE
CEBZ.DE
B41J.DE vs. CEBZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.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.
| B41J.DE | CEBZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.67 | -0.73 |
| Martin ratioReturn relative to average drawdown | 2.70 | 6.29 | -3.59 |
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
| B41J.DE | CEBZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.24 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.95 | +0.18 |
Drawdowns
B41J.DE vs. CEBZ.DE - Drawdown Comparison
The maximum B41J.DE drawdown since its inception was -12.00%, smaller than the maximum CEBZ.DE drawdown of -16.41%. Use the drawdown chart below to compare losses from any high point for B41J.DE and CEBZ.DE.
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Drawdown Indicators
| B41J.DE | CEBZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.00% | -16.41% | +4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -9.57% | +0.23% |
Current DrawdownCurrent decline from peak | -4.55% | -1.61% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -2.45% | -2.09% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.55% | +0.69% |
Volatility
B41J.DE vs. CEBZ.DE - Volatility Comparison
Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) has a higher volatility of 4.95% compared to iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) at 4.49%. This indicates that B41J.DE's price experiences larger fluctuations and is considered to be riskier than CEBZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| B41J.DE | CEBZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.49% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 10.70% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 12.97% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 13.82% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 13.82% | +2.29% |
B41J.DE vs. CEBZ.DE - Expense Ratio Comparison
B41J.DE has a 0.47% expense ratio, which is higher than CEBZ.DE's 0.12% expense ratio.
Dividends
B41J.DE vs. CEBZ.DE - Dividend Comparison
Neither B41J.DE nor CEBZ.DE has paid dividends to shareholders.
Frequently Asked Questions
B41J.DE and CEBZ.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBZ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBZ.DE is cheaper with a 0.12% expense ratio, compared with 0.47% for B41J.DE.
B41J.DE tracks Mirae Asset European Infrastructure Development Index, while CEBZ.DE tracks MSCI Europe Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.47% for B41J.DE and 0.12% for CEBZ.DE.
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