CEB0.DE vs. XQUA.DE
CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) and XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) are both Emerging Markets Bonds funds - CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index while XQUA.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past year, CEB0.DE returned 1.59% vs 5.29% for XQUA.DE. At a 0.07 correlation, their price movements are largely independent. CEB0.DE charges 0.40%/yr vs 0.45%/yr for XQUA.DE.
Performance
CEB0.DE vs. XQUA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CEB0.DE having a 1.63% return and XQUA.DE slightly higher at 1.67%.
CEB0.DE
- 1D
- -0.13%
- 1M
- 0.30%
- YTD
- 1.63%
- 6M
- 1.79%
- 1Y
- 1.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XQUA.DE
- 1D
- -0.04%
- 1M
- 1.14%
- YTD
- 1.67%
- 6M
- 0.76%
- 1Y
- 5.29%
- 3Y*
- 1.89%
- 5Y*
- 0.43%
- 10Y*
- 1.37%
CEB0.DE vs. XQUA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.63% | 0.43% | 6.89% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 1.67% | -1.83% | 5.28% |
Correlation
The correlation between CEB0.DE and XQUA.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.07 |
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Return for Risk
CEB0.DE vs. XQUA.DE — Risk / Return Rank
CEB0.DE
XQUA.DE
CEB0.DE vs. XQUA.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 Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.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.
| CEB0.DE | XQUA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.28 | +0.15 |
| Martin ratioReturn relative to average drawdown | 3.02 | 3.54 | -0.52 |
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
| CEB0.DE | XQUA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.91 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 0.16 | +1.87 |
Drawdowns
CEB0.DE vs. XQUA.DE - Drawdown Comparison
The maximum CEB0.DE drawdown since its inception was -1.83%, smaller than the maximum XQUA.DE drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for CEB0.DE and XQUA.DE.
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Drawdown Indicators
| CEB0.DE | XQUA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.83% | -20.18% | +18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -4.12% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.18% | — |
Current DrawdownCurrent decline from peak | -0.34% | -8.97% | +8.63% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -8.61% | +8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.49% | -0.97% |
Volatility
CEB0.DE vs. XQUA.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) is 1.02%, while Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) has a volatility of 1.13%. This indicates that CEB0.DE experiences smaller price fluctuations and is considered to be less risky than XQUA.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 | XQUA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.13% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 3.85% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 5.82% | -4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.03% | 8.31% | -6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.03% | 8.85% | -6.82% |
CEB0.DE vs. XQUA.DE - Expense Ratio Comparison
CEB0.DE has a 0.40% expense ratio, which is lower than XQUA.DE's 0.45% expense ratio.
Dividends
CEB0.DE vs. XQUA.DE - Dividend Comparison
CEB0.DE's dividend yield for the trailing twelve months is around 1.81%, less than XQUA.DE's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.81% | 1.84% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 3.90% | 4.38% | 4.01% | 4.02% | 6.75% | 3.16% | 4.33% | 3.72% | 2.50% | 3.53% |
Frequently Asked Questions
CEB0.DE and XQUA.DE have a correlation of 0.12, 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 0.45% for XQUA.DE.
CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index, while XQUA.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.40% for CEB0.DE and 0.45% for XQUA.DE.
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