CE71.L vs. URTH
CE71.L (iShares Euro Government Bond 3-7yr UCITS ETF (Acc)) and URTH (iShares MSCI World ETF) are both exchange-traded funds - CE71.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while URTH is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, CE71.L returned 1.36%/yr vs 14.06%/yr for URTH. At a 0.06 correlation, their price movements are largely independent. CE71.L charges 0.15%/yr vs 0.24%/yr for URTH.
Performance
CE71.L vs. URTH - Performance Comparison
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Different Trading Currencies
CE71.L is traded in GBp, while URTH is traded in USD. To make them comparable, the URTH values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CE71.L achieves a -1.10% return, which is significantly lower than URTH's 11.16% return. Over the past 10 years, CE71.L has underperformed URTH with an annualized return of 1.36%, while URTH has yielded a comparatively higher 14.06% annualized return.
CE71.L
- 1D
- 0.20%
- 1M
- 0.75%
- YTD
- -1.10%
- 6M
- -1.03%
- 1Y
- 3.12%
- 3Y*
- 2.91%
- 5Y*
- -0.55%
- 10Y*
- 1.36%
URTH
- 1D
- 0.50%
- 1M
- 5.34%
- YTD
- 11.16%
- 6M
- 10.55%
- 1Y
- 27.76%
- 3Y*
- 18.09%
- 5Y*
- 13.18%
- 10Y*
- 14.06%
CE71.L vs. URTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CE71.L iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | -1.10% | 7.79% | -2.51% | 3.91% | -7.07% | -8.68% | 8.08% | -2.38% | 0.86% | 6.21% |
URTH iShares MSCI World ETF | 11.16% | 12.71% | 20.73% | 17.75% | -8.21% | 23.43% | 12.38% | 23.27% | -3.14% | 12.31% |
Correlation
The correlation between CE71.L and URTH is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2014 | 0.06 |
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Return for Risk
CE71.L vs. URTH — Risk / Return Rank
CE71.L
URTH
CE71.L vs. URTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (CE71.L) and iShares MSCI World ETF (URTH). 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.
| CE71.L | URTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.47 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 4.01 | -3.27 |
| Martin ratioReturn relative to average drawdown | 1.76 | 16.61 | -14.85 |
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
| CE71.L | URTH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 2.53 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.92 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.85 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.80 | -0.61 |
Drawdowns
CE71.L vs. URTH - Drawdown Comparison
The maximum CE71.L drawdown since its inception was -19.41%, smaller than the maximum URTH drawdown of -27.18%. Use the drawdown chart below to compare losses from any high point for CE71.L and URTH.
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Drawdown Indicators
| CE71.L | URTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.41% | -27.18% | +7.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -6.95% | +2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -5.12% | -18.55% | +13.43% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -18.55% | +4.45% |
Max Drawdown (10Y)Largest decline over 10 years | -19.41% | -27.18% | +7.77% |
Current DrawdownCurrent decline from peak | -9.79% | 0.00% | -9.79% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -3.33% | -7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.68% | +0.09% |
Volatility
CE71.L vs. URTH - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (CE71.L) is 1.52%, while iShares MSCI World ETF (URTH) has a volatility of 2.73%. This indicates that CE71.L experiences smaller price fluctuations and is considered to be less risky than URTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CE71.L | URTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 2.73% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 8.14% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 11.00% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 14.41% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 16.68% | -7.43% |
CE71.L vs. URTH - Expense Ratio Comparison
CE71.L has a 0.15% expense ratio, which is lower than URTH's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CE71.L vs. URTH - Dividend Comparison
CE71.L has not paid dividends to shareholders, while URTH's dividend yield for the trailing twelve months is around 1.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CE71.L iShares Euro Government Bond 3-7yr 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% |
URTH iShares MSCI World ETF | 1.34% | 1.48% | 1.47% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.15% | 2.35% |
Frequently Asked Questions
CE71.L and URTH have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CE71.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CE71.L is cheaper with a 0.15% expense ratio, compared with 0.24% for URTH.
CE71.L is categorized as European Government Bonds, while URTH is Global Equities. CE71.L tracks Bloomberg Euro Agg Govt TR EUR, while URTH tracks MSCI World Index (Net). Their fees differ too: 0.15% for CE71.L and 0.24% for URTH.
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