CE01.L vs. CE31.L
Compare and contrast key facts about iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) and iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.L).
CE01.L and CE31.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CE01.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Agg Govt TR EUR. It was launched on Jun 2, 2009. CE31.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. It was launched on Jun 2, 2009. Both CE01.L and CE31.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CE01.L or CE31.L.
Key characteristics
| CE01.L | CE31.L | |
|---|---|---|
| YTD Return | -2.73% | -1.92% |
| 1Y Return | 5.50% | 0.68% |
| 3Y Return (Ann) | -4.61% | -0.04% |
| 5Y Return (Ann) | -3.38% | -0.71% |
| 10Y Return (Ann) | 1.09% | 0.67% |
| Sharpe Ratio | 0.87 | 0.13 |
| Sortino Ratio | 1.29 | 0.22 |
| Omega Ratio | 1.15 | 1.02 |
| Calmar Ratio | 0.22 | 0.04 |
| Martin Ratio | 1.62 | 0.28 |
| Ulcer Index | 3.72% | 1.74% |
| Daily Std Dev | 6.92% | 3.81% |
| Max Drawdown | -27.47% | -18.33% |
| Current Drawdown | -22.42% | -10.19% |
Correlation
The correlation between CE01.L and CE31.L is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CE01.L vs. CE31.L - Performance Comparison
In the year-to-date period, CE01.L achieves a -2.73% return, which is significantly lower than CE31.L's -1.92% return. Over the past 10 years, CE01.L has outperformed CE31.L with an annualized return of 1.09%, while CE31.L has yielded a comparatively lower 0.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CE01.L vs. CE31.L - Expense Ratio Comparison
Both CE01.L and CE31.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
CE01.L vs. CE31.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) and iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.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.
Dividends
CE01.L vs. CE31.L - Dividend Comparison
Neither CE01.L nor CE31.L has paid dividends to shareholders.
Drawdowns
CE01.L vs. CE31.L - Drawdown Comparison
The maximum CE01.L drawdown since its inception was -27.47%, which is greater than CE31.L's maximum drawdown of -18.33%. Use the drawdown chart below to compare losses from any high point for CE01.L and CE31.L. For additional features, visit the drawdowns tool.
Volatility
CE01.L vs. CE31.L - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) has a higher volatility of 2.03% compared to iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.L) at 1.35%. This indicates that CE01.L's price experiences larger fluctuations and is considered to be riskier than CE31.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.