BA.L vs. CEA1.L
BA.L (BAE Systems plc) is a stock, while CEA1.L (iShares MSCI EM Asia UCITS ETF (Acc)) is Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD. Over the past 10 years, BA.L returned 18.37%/yr vs 12.09%/yr for CEA1.L. At a 0.27 correlation, their price movements are largely independent.
Performance
BA.L vs. CEA1.L - Performance Comparison
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Returns By Period
In the year-to-date period, BA.L achieves a 11.80% return, which is significantly lower than CEA1.L's 30.56% return. Over the past 10 years, BA.L has outperformed CEA1.L with an annualized return of 18.37%, while CEA1.L has yielded a comparatively lower 12.09% annualized return.
BA.L
- 1D
- 0.84%
- 1M
- -7.75%
- YTD
- 11.80%
- 6M
- 13.62%
- 1Y
- -1.65%
- 3Y*
- 29.31%
- 5Y*
- 32.31%
- 10Y*
- 18.37%
CEA1.L
- 1D
- -1.69%
- 1M
- 8.28%
- YTD
- 30.56%
- 6M
- 33.05%
- 1Y
- 59.80%
- 3Y*
- 23.16%
- 5Y*
- 9.12%
- 10Y*
- 12.09%
BA.L vs. CEA1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 11.80% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -9.28% | 28.43% | -16.75% | 0.30% |
CEA1.L iShares MSCI EM Asia UCITS ETF (Acc) | 30.56% | 25.23% | 13.67% | 0.79% | -11.96% | -4.22% | 23.90% | 13.81% | -10.88% | 29.65% |
Correlation
The correlation between BA.L and CEA1.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 3, 2013 | 0.27 |
The correlation between BA.L and CEA1.L shifts across timeframes, from 0.09 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BA.L vs. CEA1.L — Risk / Return Rank
BA.L
CEA1.L
BA.L vs. CEA1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BAE Systems plc (BA.L) and iShares MSCI EM Asia UCITS ETF (Acc) (CEA1.L). 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.
| BA.L | CEA1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.58 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 5.09 | -5.17 |
| Martin ratioReturn relative to average drawdown | -0.16 | 17.73 | -17.89 |
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
| BA.L | CEA1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 3.23 | -3.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 0.51 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.65 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.53 | -0.20 |
Drawdowns
BA.L vs. CEA1.L - Drawdown Comparison
The maximum BA.L drawdown since its inception was -84.46%, which is greater than CEA1.L's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for BA.L and CEA1.L.
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Drawdown Indicators
| BA.L | CEA1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.46% | -33.94% | -50.52% |
Max Drawdown (1Y)Largest decline over 1 year | -21.30% | -11.68% | -9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -17.35% | -3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -28.87% | +7.57% |
Max Drawdown (10Y)Largest decline over 10 years | -37.80% | -33.94% | -3.86% |
Current DrawdownCurrent decline from peak | -17.79% | -2.67% | -15.12% |
Average DrawdownAverage peak-to-trough decline | -21.36% | -11.09% | -10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.70% | 3.36% | +6.34% |
Volatility
BA.L vs. CEA1.L - Volatility Comparison
BAE Systems plc (BA.L) has a higher volatility of 9.86% compared to iShares MSCI EM Asia UCITS ETF (Acc) (CEA1.L) at 8.22%. This indicates that BA.L's price experiences larger fluctuations and is considered to be riskier than CEA1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BA.L | CEA1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.86% | 8.22% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 23.66% | 15.73% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.05% | 18.45% | +11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.81% | 17.81% | +8.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.07% | 18.53% | +6.54% |
Dividends
BA.L vs. CEA1.L - Dividend Comparison
BA.L's dividend yield for the trailing twelve months is around 0.72%, while CEA1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 0.72% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
CEA1.L iShares MSCI EM Asia UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BA.L and CEA1.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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