CEBL.DE vs. INDA
CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) and INDA (iShares MSCI India ETF) are both Asia Pacific Equities funds from iShares - CEBL.DE tracks the MSCI Emerging Markets Asia while INDA tracks the MSCI India Index. Both are passively managed. Over the past 10 years, CEBL.DE returned 11.02%/yr vs 6.48%/yr for INDA. A 0.51 correlation means they provide meaningful diversification when combined. CEBL.DE charges 0.20%/yr vs 0.69%/yr for INDA.
Performance
CEBL.DE vs. INDA - Performance Comparison
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Different Trading Currencies
CEBL.DE is traded in EUR, while INDA is traded in USD. To make them comparable, the INDA values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEBL.DE achieves a 31.90% return, which is significantly higher than INDA's -10.14% return. Over the past 10 years, CEBL.DE has outperformed INDA with an annualized return of 11.02%, while INDA has yielded a comparatively lower 6.48% annualized return.
CEBL.DE
- 1D
- -1.89%
- 1M
- 7.90%
- YTD
- 31.90%
- 6M
- 34.52%
- 1Y
- 55.49%
- 3Y*
- 22.99%
- 5Y*
- 8.97%
- 10Y*
- 11.02%
INDA
- 1D
- 1.25%
- 1M
- -1.67%
- YTD
- -10.14%
- 6M
- -10.44%
- 1Y
- -12.44%
- 3Y*
- 1.97%
- 5Y*
- 3.56%
- 10Y*
- 6.48%
CEBL.DE vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 31.90% | 19.13% | 18.60% | 3.15% | -15.54% | 2.03% | 15.18% | 22.17% | -12.65% | 25.07% |
INDA iShares MSCI India ETF | -10.14% | -9.51% | 15.80% | 13.65% | -3.30% | 30.43% | 5.36% | 8.89% | -2.29% | 19.35% |
Correlation
The correlation between CEBL.DE and INDA is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2012 | 0.51 |
The correlation between CEBL.DE and INDA shifts across timeframes, from 0.37 (5 years) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEBL.DE vs. INDA — Risk / Return Rank
CEBL.DE
INDA
CEBL.DE vs. INDA - 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 MSCI India ETF (INDA). 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.
| CEBL.DE | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.67 | ||
| Sortino ratioReturn per unit of downside risk | +4.94 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.87 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | -0.69 | +5.52 |
| Martin ratioReturn relative to average drawdown | 17.67 | -1.45 | +19.12 |
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
| CEBL.DE | INDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | -0.86 | +3.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.24 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.31 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.28 | +0.16 |
Drawdowns
CEBL.DE vs. INDA - Drawdown Comparison
The maximum CEBL.DE drawdown since its inception was -35.09%, smaller than the maximum INDA drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for CEBL.DE and INDA.
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Drawdown Indicators
| CEBL.DE | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -41.78% | +6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -18.08% | +6.65% |
Max Drawdown (3Y)Largest decline over 3 years | -20.53% | -25.03% | +4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -25.03% | -3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | -41.78% | +8.66% |
Current DrawdownCurrent decline from peak | -2.85% | -21.78% | +18.93% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -9.09% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 8.57% | -5.44% |
Volatility
CEBL.DE vs. INDA - Volatility Comparison
iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a higher volatility of 8.24% compared to iShares MSCI India ETF (INDA) at 4.89%. This indicates that CEBL.DE's price experiences larger fluctuations and is considered to be riskier than INDA 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 | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 4.89% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 12.27% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 14.56% | +5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 15.00% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 21.01% | -2.07% |
CEBL.DE vs. INDA - Expense Ratio Comparison
CEBL.DE has a 0.20% expense ratio, which is lower than INDA's 0.69% expense ratio.
Dividends
CEBL.DE vs. INDA - Dividend Comparison
Neither CEBL.DE nor INDA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Frequently Asked Questions
CEBL.DE and INDA have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBL.DE is cheaper with a 0.20% expense ratio, compared with 0.69% for INDA.
CEBL.DE tracks MSCI Emerging Markets Asia, while INDA tracks MSCI India Index. Their fees differ too: 0.20% for CEBL.DE and 0.69% for INDA.
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