CEB0.DE vs. SNAZ.DE
CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) and SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) are both Emerging Markets Bonds funds from iShares - CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past year, CEB0.DE returned 1.29% vs 4.05% for SNAZ.DE. At a 0.01 correlation, their price movements are largely independent. CEB0.DE charges 0.40%/yr vs 0.53%/yr for SNAZ.DE.
Performance
CEB0.DE vs. SNAZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEB0.DE achieves a 1.97% return, which is significantly higher than SNAZ.DE's 0.98% return.
CEB0.DE
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 1.89%
- YTD
- 1.97%
- 1Y
- 1.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SNAZ.DE
- 1D
- 0.39%
- 1M
- 0.39%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 4.05%
- 3Y*
- 5.08%
- 5Y*
- -0.08%
- 10Y*
- —
CEB0.DE vs. SNAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.97% | 0.43% | 6.85% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.98% | 6.26% | 3.46% |
Correlation
The correlation between CEB0.DE and SNAZ.DE is -0.06, 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 | -0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.01 |
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Return for Risk
CEB0.DE vs. SNAZ.DE — Risk / Return Rank
CEB0.DE
SNAZ.DE
CEB0.DE vs. SNAZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) and iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CEB0.DE | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.39 | -0.23 |
| Martin ratioReturn relative to average drawdown | 2.44 | 5.14 | -2.70 |
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Drawdowns
CEB0.DE vs. SNAZ.DE - Drawdown Comparison
The maximum CEB0.DE drawdown since its inception was -1.83%, smaller than the maximum SNAZ.DE drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for CEB0.DE and SNAZ.DE.
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Drawdown Indicators
| CEB0.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.83% | -21.88% | +20.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -2.91% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.88% | — |
Current DrawdownCurrent decline from peak | -0.06% | -1.34% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -7.64% | +7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.79% | -0.31% |
Volatility
CEB0.DE vs. SNAZ.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) is 0.57%, while iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) has a volatility of 0.91%. This indicates that CEB0.DE experiences smaller price fluctuations and is considered to be less risky than SNAZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEB0.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.91% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | 2.72% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.75% | 3.36% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.02% | 5.06% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.02% | 7.65% | -5.63% |
CEB0.DE vs. SNAZ.DE - Expense Ratio Comparison
CEB0.DE has a 0.40% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
CEB0.DE vs. SNAZ.DE - Dividend Comparison
CEB0.DE's dividend yield for the trailing twelve months is around 1.71%, while SNAZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.71% | 1.84% | 1.43% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CEB0.DE and SNAZ.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEB0.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEB0.DE is cheaper with a 0.40% expense ratio, compared with 0.53% for SNAZ.DE.
CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index, while SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Their fees differ too: 0.40% for CEB0.DE and 0.53% for SNAZ.DE.
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