CEBG.DE vs. 36BZ.DE
CEBG.DE (VanEck New China ESG UCITS ETF A) and 36BZ.DE (iShares MSCI China A UCITS ETF) are both China Equities funds from iShares - CEBG.DE tracks the MarketGrader New China ESG while 36BZ.DE tracks the MSCI China A Inclusion. Both are passively managed. Over the past 10 years, CEBG.DE returned 6.90%/yr vs 5.98%/yr for 36BZ.DE. At a 0.29 correlation, their price movements are largely independent. CEBG.DE charges 0.60%/yr vs 0.40%/yr for 36BZ.DE.
Performance
CEBG.DE vs. 36BZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEBG.DE achieves a 11.81% return, which is significantly higher than 36BZ.DE's 9.71% return. Over the past 10 years, CEBG.DE has outperformed 36BZ.DE with an annualized return of 6.90%, while 36BZ.DE has yielded a comparatively lower 5.98% annualized return.
CEBG.DE
- 1D
- -2.29%
- 1M
- -0.50%
- YTD
- 11.81%
- 6M
- 15.24%
- 1Y
- 32.71%
- 3Y*
- 9.54%
- 5Y*
- 13.92%
- 10Y*
- 6.90%
36BZ.DE
- 1D
- -0.75%
- 1M
- 0.35%
- YTD
- 9.71%
- 6M
- 11.84%
- 1Y
- 33.04%
- 3Y*
- 8.44%
- 5Y*
- -0.23%
- 10Y*
- 5.98%
CEBG.DE vs. 36BZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEBG.DE VanEck New China ESG UCITS ETF A | 11.81% | 38.75% | -22.52% | 33.05% | 5.85% | 26.86% | -10.03% | 15.73% | -10.56% | -0.89% |
36BZ.DE iShares MSCI China A UCITS ETF | 9.71% | 10.25% | 19.91% | -17.13% | -21.26% | 13.41% | 28.50% | 37.21% | -23.49% | 14.90% |
Correlation
The correlation between CEBG.DE and 36BZ.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2015 | 0.29 |
The correlation between CEBG.DE and 36BZ.DE shifts across timeframes, from 0.18 (3 years) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEBG.DE vs. 36BZ.DE — Risk / Return Rank
CEBG.DE
36BZ.DE
CEBG.DE vs. 36BZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck New China ESG UCITS ETF A (CEBG.DE) and iShares MSCI China A UCITS ETF (36BZ.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.
| CEBG.DE | 36BZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 5.10 | -2.31 |
| Martin ratioReturn relative to average drawdown | 11.03 | 13.77 | -2.74 |
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
| CEBG.DE | 36BZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 2.11 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | -0.01 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.27 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.03 | +0.21 |
Drawdowns
CEBG.DE vs. 36BZ.DE - Drawdown Comparison
The maximum CEBG.DE drawdown since its inception was -53.49%, roughly equal to the maximum 36BZ.DE drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for CEBG.DE and 36BZ.DE.
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Drawdown Indicators
| CEBG.DE | 36BZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.49% | -53.30% | -0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.78% | -6.57% | -5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -30.41% | -28.01% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -41.94% | +11.53% |
Max Drawdown (10Y)Largest decline over 10 years | -49.60% | -43.38% | -6.22% |
Current DrawdownCurrent decline from peak | -4.44% | -10.22% | +5.78% |
Average DrawdownAverage peak-to-trough decline | -15.04% | -30.19% | +15.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.44% | +0.54% |
Volatility
CEBG.DE vs. 36BZ.DE - Volatility Comparison
VanEck New China ESG UCITS ETF A (CEBG.DE) has a higher volatility of 7.80% compared to iShares MSCI China A UCITS ETF (36BZ.DE) at 5.55%. This indicates that CEBG.DE's price experiences larger fluctuations and is considered to be riskier than 36BZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEBG.DE | 36BZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 5.55% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.73% | 10.96% | +5.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 15.83% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.13% | 21.44% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 22.10% | +2.08% |
CEBG.DE vs. 36BZ.DE - Expense Ratio Comparison
CEBG.DE has a 0.60% expense ratio, which is higher than 36BZ.DE's 0.40% expense ratio.
Dividends
CEBG.DE vs. 36BZ.DE - Dividend Comparison
Neither CEBG.DE nor 36BZ.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBG.DE and 36BZ.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BZ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BZ.DE is cheaper with a 0.40% expense ratio, compared with 0.60% for CEBG.DE.
CEBG.DE tracks MarketGrader New China ESG, while 36BZ.DE tracks MSCI China A Inclusion. Their fees differ too: 0.60% for CEBG.DE and 0.40% for 36BZ.DE.
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