CEBG.DE vs. EUNL.DE
CEBG.DE (VanEck New China ESG UCITS ETF A) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CEBG.DE is a China Equities fund tracking the MarketGrader New China ESG, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, CEBG.DE returned 6.90%/yr vs 12.82%/yr for EUNL.DE. A 0.53 correlation means they provide meaningful diversification when combined. CEBG.DE charges 0.60%/yr vs 0.20%/yr for EUNL.DE.
Performance
CEBG.DE vs. EUNL.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 EUNL.DE's 10.86% return. Over the past 10 years, CEBG.DE has underperformed EUNL.DE with an annualized return of 6.90%, while EUNL.DE has yielded a comparatively higher 12.82% 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%
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
CEBG.DE vs. EUNL.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% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between CEBG.DE and EUNL.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010 | 0.53 |
The correlation between CEBG.DE and EUNL.DE shifts across timeframes, from 0.37 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEBG.DE vs. EUNL.DE — Risk / Return Rank
CEBG.DE
EUNL.DE
CEBG.DE vs. EUNL.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 Core MSCI World UCITS ETF USD (Acc) (EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 3.64 | -0.86 |
| Martin ratioReturn relative to average drawdown | 11.03 | 14.52 | -3.49 |
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 | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 2.12 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.90 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.84 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.82 | -0.58 |
Drawdowns
CEBG.DE vs. EUNL.DE - Drawdown Comparison
The maximum CEBG.DE drawdown since its inception was -53.49%, which is greater than EUNL.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for CEBG.DE and EUNL.DE.
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Drawdown Indicators
| CEBG.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.49% | -33.63% | -19.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.78% | -6.50% | -5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -30.41% | -21.73% | -8.68% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -21.73% | -8.68% |
Max Drawdown (10Y)Largest decline over 10 years | -49.60% | -33.63% | -15.97% |
Current DrawdownCurrent decline from peak | -4.44% | -0.31% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -15.04% | -4.25% | -10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 1.64% | +1.34% |
Volatility
CEBG.DE vs. EUNL.DE - Volatility Comparison
VanEck New China ESG UCITS ETF A (CEBG.DE) has a higher volatility of 7.80% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that CEBG.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 2.62% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.73% | 7.72% | +9.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 11.16% | +8.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.13% | 14.17% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 15.17% | +9.01% |
CEBG.DE vs. EUNL.DE - Expense Ratio Comparison
CEBG.DE has a 0.60% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
CEBG.DE vs. EUNL.DE - Dividend Comparison
Neither CEBG.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBG.DE and EUNL.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.60% for CEBG.DE.
CEBG.DE is categorized as China Equities, while EUNL.DE is Global Equities. CEBG.DE tracks MarketGrader New China ESG, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.60% for CEBG.DE and 0.20% for EUNL.DE.
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