CE01.L vs. EU13.L
CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) and EU13.L (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) are both European Government Bonds funds - CE01.L tracks the Bloomberg Euro Agg Govt TR EUR while EU13.L tracks the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Both are passively managed. Over the past 10 years, CE01.L returned 0.80%/yr vs 1.18%/yr for EU13.L. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
CE01.L vs. EU13.L - Performance Comparison
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Different Trading Currencies
CE01.L is traded in GBp, while EU13.L is traded in EUR. To make them comparable, the EU13.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CE01.L achieves a -1.14% return, which is significantly lower than EU13.L's -0.83% return. Over the past 10 years, CE01.L has underperformed EU13.L with an annualized return of 0.80%, while EU13.L has yielded a comparatively higher 1.18% annualized return.
CE01.L
- 1D
- -0.50%
- 1M
- 0.51%
- YTD
- -1.14%
- 6M
- -1.50%
- 1Y
- 2.65%
- 3Y*
- 2.56%
- 5Y*
- -2.24%
- 10Y*
- 0.80%
EU13.L
- 1D
- -0.07%
- 1M
- 0.34%
- YTD
- -0.83%
- 6M
- -1.00%
- 1Y
- 3.52%
- 3Y*
- 2.71%
- 5Y*
- 0.70%
- 10Y*
- 1.18%
CE01.L vs. EU13.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | -1.14% | 6.87% | -3.53% | 6.60% | -15.38% | -9.55% | 10.06% | 1.33% | 2.06% | 4.55% |
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | -0.83% | 7.69% | -1.68% | 1.21% | -0.04% | -6.69% | 5.47% | -5.54% | 0.77% | 3.73% |
Correlation
The correlation between CE01.L and EU13.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014 | 0.69 |
The correlation between CE01.L and EU13.L shifts across timeframes, from 0.58 (5 years) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CE01.L vs. EU13.L — Risk / Return Rank
CE01.L
EU13.L
CE01.L vs. EU13.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.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.
| CE01.L | EU13.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.15 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.34 | -0.84 |
| Martin ratioReturn relative to average drawdown | 1.18 | 2.90 | -1.72 |
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
| CE01.L | EU13.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.85 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.13 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.17 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.14 | +0.04 |
Drawdowns
CE01.L vs. EU13.L - Drawdown Comparison
The maximum CE01.L drawdown since its inception was -27.47%, which is greater than EU13.L's maximum drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for CE01.L and EU13.L.
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Drawdown Indicators
| CE01.L | EU13.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.47% | -13.87% | -13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -2.62% | -2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -3.13% | -3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -22.14% | -6.61% | -15.53% |
Max Drawdown (10Y)Largest decline over 10 years | -27.47% | -13.87% | -13.60% |
Current DrawdownCurrent decline from peak | -18.71% | -5.09% | -13.62% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -7.20% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.21% | +1.03% |
Volatility
CE01.L vs. EU13.L - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) has a higher volatility of 1.99% compared to SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) at 1.09%. This indicates that CE01.L's price experiences larger fluctuations and is considered to be riskier than EU13.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CE01.L | EU13.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.09% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 2.85% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 4.15% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 5.31% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 7.11% | +1.72% |
CE01.L vs. EU13.L - Expense Ratio Comparison
Both CE01.L and EU13.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%.
Dividends
CE01.L vs. EU13.L - Dividend Comparison
CE01.L has not paid dividends to shareholders, while EU13.L's dividend yield for the trailing twelve months is around 2.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr 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% |
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.29% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
Frequently Asked Questions
CE01.L and EU13.L have a correlation of 0.69, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CE01.L and EU13.L have the same expense ratio: 0.15% per year.
CE01.L tracks Bloomberg Euro Agg Govt TR EUR, while EU13.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR. They also come from different issuers: iShares and State Street.
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