CEBG.DE vs. EL46.DE
CEBG.DE (VanEck New China ESG UCITS ETF A) and EL46.DE (Deka MSCI China ex A Shares UCITS ETF) are both China Equities funds - CEBG.DE tracks the MarketGrader New China ESG while EL46.DE tracks the MSCI China ex A Shares. Both are passively managed. Over the past 10 years, CEBG.DE returned 6.90%/yr vs 3.87%/yr for EL46.DE. At a 0.44 correlation, their price movements are largely independent. CEBG.DE charges 0.60%/yr vs 0.66%/yr for EL46.DE.
Performance
CEBG.DE vs. EL46.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 EL46.DE's -10.01% return. Over the past 10 years, CEBG.DE has outperformed EL46.DE with an annualized return of 6.90%, while EL46.DE has yielded a comparatively lower 3.87% 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%
EL46.DE
- 1D
- -0.11%
- 1M
- -4.15%
- YTD
- -10.01%
- 6M
- -13.05%
- 1Y
- -3.33%
- 3Y*
- 6.90%
- 5Y*
- -5.27%
- 10Y*
- 3.87%
CEBG.DE vs. EL46.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% |
EL46.DE Deka MSCI China ex A Shares UCITS ETF | -10.01% | 17.77% | 27.71% | -14.54% | -13.52% | -21.82% | 14.00% | 27.42% | -16.05% | 34.69% |
Correlation
The correlation between CEBG.DE and EL46.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010 | 0.44 |
The correlation between CEBG.DE and EL46.DE shifts across timeframes, from 0.26 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEBG.DE vs. EL46.DE — Risk / Return Rank
CEBG.DE
EL46.DE
CEBG.DE vs. EL46.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 Deka MSCI China ex A Shares UCITS ETF (EL46.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 | EL46.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.00 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | -0.11 | +2.89 |
| Martin ratioReturn relative to average drawdown | 11.03 | -0.24 | +11.27 |
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 | EL46.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | -0.12 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | -0.17 | +0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.14 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.12 | +0.12 |
Drawdowns
CEBG.DE vs. EL46.DE - Drawdown Comparison
The maximum CEBG.DE drawdown since its inception was -53.49%, smaller than the maximum EL46.DE drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for CEBG.DE and EL46.DE.
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Drawdown Indicators
| CEBG.DE | EL46.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.49% | -58.21% | +4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.78% | -21.01% | +9.23% |
Max Drawdown (3Y)Largest decline over 3 years | -30.41% | -25.65% | -4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -51.07% | +20.66% |
Max Drawdown (10Y)Largest decline over 10 years | -49.60% | -58.21% | +8.61% |
Current DrawdownCurrent decline from peak | -4.44% | -36.65% | +32.21% |
Average DrawdownAverage peak-to-trough decline | -15.04% | -22.26% | +7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 9.96% | -6.98% |
Volatility
CEBG.DE vs. EL46.DE - Volatility Comparison
The current volatility for VanEck New China ESG UCITS ETF A (CEBG.DE) is 7.80%, while Deka MSCI China ex A Shares UCITS ETF (EL46.DE) has a volatility of 8.28%. This indicates that CEBG.DE experiences smaller price fluctuations and is considered to be less risky than EL46.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 | EL46.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 8.28% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 16.73% | 15.15% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 19.97% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.13% | 31.36% | -10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 27.53% | -3.35% |
CEBG.DE vs. EL46.DE - Expense Ratio Comparison
CEBG.DE has a 0.60% expense ratio, which is lower than EL46.DE's 0.66% expense ratio.
Dividends
CEBG.DE vs. EL46.DE - Dividend Comparison
CEBG.DE has not paid dividends to shareholders, while EL46.DE's dividend yield for the trailing twelve months is around 1.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEBG.DE VanEck New China ESG UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL46.DE Deka MSCI China ex A Shares UCITS ETF | 1.52% | 1.43% | 2.06% | 2.03% | 1.78% | 1.22% | 0.86% | 1.26% | 1.62% | 0.94% | 1.98% | 2.32% |
Frequently Asked Questions
CEBG.DE and EL46.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBG.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBG.DE is cheaper with a 0.60% expense ratio, compared with 0.66% for EL46.DE.
CEBG.DE tracks MarketGrader New China ESG, while EL46.DE tracks MSCI China ex A Shares. They also come from different issuers: iShares and Deka Investment GmbH. Their fees differ too: 0.60% for CEBG.DE and 0.66% for EL46.DE.
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