CEBL.DE vs. CSSPX.MI
CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) and CSSPX.MI (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - CEBL.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia, while CSSPX.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CEBL.DE returned 11.48%/yr vs 15.10%/yr for CSSPX.MI. A 0.60 correlation means they provide meaningful diversification when combined. CEBL.DE charges 0.20%/yr vs 0.07%/yr for CSSPX.MI.
Performance
CEBL.DE vs. CSSPX.MI - Performance Comparison
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Returns By Period
In the year-to-date period, CEBL.DE achieves a 33.88% return, which is significantly higher than CSSPX.MI's 11.47% return. Over the past 10 years, CEBL.DE has underperformed CSSPX.MI with an annualized return of 11.48%, while CSSPX.MI has yielded a comparatively higher 15.10% annualized return.
CEBL.DE
- 1D
- 2.94%
- 1M
- 8.42%
- YTD
- 33.88%
- 6M
- 38.12%
- 1Y
- 56.91%
- 3Y*
- 22.77%
- 5Y*
- 9.48%
- 10Y*
- 11.48%
CSSPX.MI
- 1D
- 1.49%
- 1M
- 2.06%
- YTD
- 11.47%
- 6M
- 12.80%
- 1Y
- 26.64%
- 3Y*
- 18.49%
- 5Y*
- 14.55%
- 10Y*
- 15.10%
CEBL.DE vs. CSSPX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 33.88% | 19.13% | 18.60% | 3.15% | -15.54% | 2.03% | 15.18% | 22.17% | -12.65% | 25.07% |
CSSPX.MI iShares Core S&P 500 UCITS ETF USD (Acc) | 11.47% | 4.27% | 33.76% | 22.03% | -14.58% | 40.89% | 7.57% | 34.27% | -1.05% | 6.71% |
Correlation
The correlation between CEBL.DE and CSSPX.MI is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2010 | 0.60 |
The correlation between CEBL.DE and CSSPX.MI shifts across timeframes, from 0.52 (5 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEBL.DE vs. CSSPX.MI — Risk / Return Rank
CEBL.DE
CSSPX.MI
CEBL.DE vs. CSSPX.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI). 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.
| CEBL.DE | CSSPX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.42 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.96 | 3.73 | +1.23 |
| Martin ratioReturn relative to average drawdown | 17.18 | 13.13 | +4.05 |
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Drawdowns
CEBL.DE vs. CSSPX.MI - Drawdown Comparison
The maximum CEBL.DE drawdown since its inception was -35.09%, roughly equal to the maximum CSSPX.MI drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for CEBL.DE and CSSPX.MI.
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Drawdown Indicators
| CEBL.DE | CSSPX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -33.56% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -7.14% | -4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -20.53% | -23.26% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -23.26% | -5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | -33.56% | +0.44% |
Current DrawdownCurrent decline from peak | -1.40% | -0.31% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -4.13% | -7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.03% | +1.27% |
Volatility
CEBL.DE vs. CSSPX.MI - Volatility Comparison
iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a higher volatility of 7.97% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI) at 3.40%. This indicates that CEBL.DE's price experiences larger fluctuations and is considered to be riskier than CSSPX.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEBL.DE | CSSPX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 3.40% | +4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 17.49% | 8.02% | +9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.59% | 11.76% | +8.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 15.30% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 16.14% | +2.87% |
CEBL.DE vs. CSSPX.MI - Expense Ratio Comparison
CEBL.DE has a 0.20% expense ratio, which is higher than CSSPX.MI's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CEBL.DE vs. CSSPX.MI - Dividend Comparison
Neither CEBL.DE nor CSSPX.MI has paid dividends to shareholders.
Frequently Asked Questions
CEBL.DE and CSSPX.MI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSPX.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSPX.MI is cheaper with a 0.07% expense ratio, compared with 0.20% for CEBL.DE.
CEBL.DE is categorized as Asia Pacific Equities, while CSSPX.MI is S&P 500. CEBL.DE tracks MSCI Emerging Markets Asia, while CSSPX.MI tracks S&P 500 Index. Their fees differ too: 0.20% for CEBL.DE and 0.07% for CSSPX.MI.
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