CEBG.L vs. IDFX.L
CEBG.L (VanEck New China ESG UCITS ETF A) and IDFX.L (iShares China Large Cap UCITS) are both China Equities funds tracking the MSCI China NR USD, from VanEck and iShares respectively. Both are passively managed. Over the past 3 years, CEBG.L returned 0.68%/yr vs 6.73%/yr for IDFX.L. A 0.67 correlation means they provide meaningful diversification when combined. CEBG.L charges 0.60%/yr vs 0.74%/yr for IDFX.L.
Performance
CEBG.L vs. IDFX.L - Performance Comparison
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Different Trading Currencies
CEBG.L is traded in GBP, while IDFX.L is traded in USD. To make them comparable, the IDFX.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 -5.78% return, which is significantly higher than IDFX.L's -15.18% return.
CEBG.L
- 1D
- 0.00%
- 1M
- -3.54%
- YTD
- -5.78%
- 6M
- -6.28%
- 1Y
- 6.18%
- 3Y*
- 0.68%
- 5Y*
- —
- 10Y*
- —
IDFX.L
- 1D
- -2.93%
- 1M
- -8.74%
- YTD
- -15.18%
- 6M
- -15.08%
- 1Y
- -9.72%
- 3Y*
- 6.73%
- 5Y*
- -4.30%
- 10Y*
- 2.41%
CEBG.L vs. IDFX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CEBG.L VanEck New China ESG UCITS ETF A | -5.78% | 15.45% | 1.26% | -14.25% | -19.48% | -21.21% |
IDFX.L iShares China Large Cap UCITS | -15.18% | 19.20% | 33.33% | -17.94% | -11.03% | -2.82% |
Correlation
The correlation between CEBG.L and IDFX.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.67 |
The correlation between CEBG.L and IDFX.L has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
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Return for Risk
CEBG.L vs. IDFX.L — Risk / Return Rank
CEBG.L
IDFX.L
CEBG.L vs. IDFX.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 China Large Cap UCITS (IDFX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CEBG.L | IDFX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.93 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | -0.45 | +0.89 |
| Martin ratioReturn relative to average drawdown | 0.93 | -1.17 | +2.10 |
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Drawdowns
CEBG.L vs. IDFX.L - Drawdown Comparison
The maximum CEBG.L drawdown since its inception was -57.08%, smaller than the maximum IDFX.L drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for CEBG.L and IDFX.L.
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Drawdown Indicators
| CEBG.L | IDFX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.08% | -62.09% | +5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -21.42% | +7.34% |
Max Drawdown (3Y)Largest decline over 3 years | -29.32% | -28.00% | -1.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.56% | — |
Current DrawdownCurrent decline from peak | -40.55% | -30.81% | -9.74% |
Average DrawdownAverage peak-to-trough decline | -39.55% | -22.99% | -16.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 8.29% | -1.65% |
Volatility
CEBG.L vs. IDFX.L - Volatility Comparison
The current volatility for VanEck New China ESG UCITS ETF A (CEBG.L) is 3.61%, while iShares China Large Cap UCITS (IDFX.L) has a volatility of 7.28%. This indicates that CEBG.L experiences smaller price fluctuations and is considered to be less risky than IDFX.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 | IDFX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 7.28% | -3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 13.93% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 18.86% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.10% | 28.72% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.10% | 25.49% | +1.61% |
CEBG.L vs. IDFX.L - Expense Ratio Comparison
CEBG.L has a 0.60% expense ratio, which is lower than IDFX.L's 0.74% expense ratio.
Dividends
CEBG.L vs. IDFX.L - Dividend Comparison
CEBG.L has not paid dividends to shareholders, while IDFX.L's dividend yield for the trailing twelve months is around 1.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEBG.L 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% |
IDFX.L iShares China Large Cap UCITS | 1.98% | 1.76% | 2.38% | 2.43% | 2.36% | 1.86% | 2.39% | 2.44% | 3.04% | 2.35% | 2.47% | 2.70% |
Frequently Asked Questions
CEBG.L and IDFX.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBG.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBG.L is cheaper with a 0.60% expense ratio, compared with 0.74% for IDFX.L.
Both ETFs track MSCI China NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.60% for CEBG.L and 0.74% for IDFX.L.
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