CEBG.L vs. IASH.L
CEBG.L (VanEck New China ESG UCITS ETF A) and IASH.L (iShares MSCI China A UCITS USD) are both China Equities funds - CEBG.L tracks the MSCI China NR USD while IASH.L tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 3 years, CEBG.L returned -0.04%/yr vs 8.52%/yr for IASH.L. Their correlation of 0.87 suggests significant overlap in exposure. CEBG.L charges 0.60%/yr vs 0.40%/yr for IASH.L.
Performance
CEBG.L vs. IASH.L - Performance Comparison
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Different Trading Currencies
CEBG.L is traded in GBP, while IASH.L is traded in GBp. To make them comparable, the IASH.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEBG.L achieves a -3.84% return, which is significantly lower than IASH.L's 8.70% return.
CEBG.L
- 1D
- -0.71%
- 1M
- -2.19%
- YTD
- -3.84%
- 6M
- -5.52%
- 1Y
- 9.77%
- 3Y*
- -0.04%
- 5Y*
- —
- 10Y*
- —
IASH.L
- 1D
- -0.75%
- 1M
- 2.15%
- YTD
- 8.70%
- 6M
- 11.91%
- 1Y
- 36.97%
- 3Y*
- 8.52%
- 5Y*
- -0.10%
- 10Y*
- 7.04%
CEBG.L vs. IASH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CEBG.L VanEck New China ESG UCITS ETF A | -3.84% | 15.45% | 1.26% | -14.25% | -19.48% | 6.97% |
IASH.L iShares MSCI China A UCITS USD | 8.70% | 17.67% | 12.92% | -18.83% | -17.27% | 4.47% |
Correlation
The correlation between CEBG.L and IASH.L is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.87 |
The correlation between CEBG.L and IASH.L has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
CEBG.L vs. IASH.L — Risk / Return Rank
CEBG.L
IASH.L
CEBG.L vs. IASH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck New China ESG UCITS ETF A (CEBG.L) and iShares MSCI China A UCITS USD (IASH.L). 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.L | IASH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.42 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 5.48 | -4.74 |
| Martin ratioReturn relative to average drawdown | 1.65 | 15.07 | -13.41 |
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.L | IASH.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 2.36 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.00 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.09 | -0.25 |
Drawdowns
CEBG.L vs. IASH.L - Drawdown Comparison
The maximum CEBG.L drawdown since its inception was -46.41%, roughly equal to the maximum IASH.L drawdown of -48.39%. Use the drawdown chart below to compare losses from any high point for CEBG.L and IASH.L.
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Drawdown Indicators
| CEBG.L | IASH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.41% | -48.39% | +1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -6.72% | -6.56% |
Max Drawdown (3Y)Largest decline over 3 years | -30.10% | -25.77% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.67% | — |
Current DrawdownCurrent decline from peak | -24.24% | -10.73% | -13.51% |
Average DrawdownAverage peak-to-trough decline | -24.43% | -24.71% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 2.45% | +3.44% |
Volatility
CEBG.L vs. IASH.L - Volatility Comparison
The current volatility for VanEck New China ESG UCITS ETF A (CEBG.L) is 4.18%, while iShares MSCI China A UCITS USD (IASH.L) has a volatility of 5.76%. This indicates that CEBG.L experiences smaller price fluctuations and is considered to be less risky than IASH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEBG.L | IASH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 5.76% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 10.68% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.81% | 15.60% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.29% | 21.27% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.29% | 22.78% | +1.51% |
CEBG.L vs. IASH.L - Expense Ratio Comparison
CEBG.L has a 0.60% expense ratio, which is higher than IASH.L's 0.40% expense ratio.
Dividends
CEBG.L vs. IASH.L - Dividend Comparison
Neither CEBG.L nor IASH.L has paid dividends to shareholders.
Frequently Asked Questions
CEBG.L and IASH.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IASH.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IASH.L is cheaper with a 0.40% expense ratio, compared with 0.60% for CEBG.L.
CEBG.L tracks MSCI China NR USD, while IASH.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.60% for CEBG.L and 0.40% for IASH.L.
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