CEBL.DE vs. SPOT
CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) is Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia, while SPOT (Spotify Technology S.A.) is a stock. Over the past 5 years, CEBL.DE returned 9.48%/yr vs 15.38%/yr for SPOT. At a 0.24 correlation, their price movements are largely independent.
Performance
CEBL.DE vs. SPOT - Performance Comparison
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Different Trading Currencies
CEBL.DE is traded in EUR, while SPOT is traded in USD. To make them comparable, the SPOT 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 33.88% return, which is significantly higher than SPOT's -16.28% 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%
SPOT
- 1D
- -0.66%
- 1M
- 10.14%
- YTD
- -16.28%
- 6M
- -15.72%
- 1Y
- -32.75%
- 3Y*
- 41.44%
- 5Y*
- 15.38%
- 10Y*
- —
CEBL.DE vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -10.94% |
SPOT Spotify Technology S.A. | -16.28% | 14.40% | 153.80% | 130.88% | -64.17% | -20.06% | 93.06% | 34.74% | -26.78% |
Correlation
The correlation between CEBL.DE and SPOT is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.24 |
Over the past year, the correlation between CEBL.DE and SPOT has dropped to 0.03 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
CEBL.DE vs. SPOT — Risk / Return Rank
CEBL.DE
SPOT
CEBL.DE vs. SPOT - 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 Spotify Technology S.A. (SPOT). 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 | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.47 | ||
| Sortino ratioReturn per unit of downside risk | +4.56 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.89 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 4.96 | -0.69 | +5.65 |
| Martin ratioReturn relative to average drawdown | 17.18 | -1.21 | +18.39 |
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Drawdowns
CEBL.DE vs. SPOT - Drawdown Comparison
The maximum CEBL.DE drawdown since its inception was -35.09%, smaller than the maximum SPOT drawdown of -77.36%. Use the drawdown chart below to compare losses from any high point for CEBL.DE and SPOT.
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Drawdown Indicators
| CEBL.DE | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -77.36% | +42.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -47.50% | +36.07% |
Max Drawdown (3Y)Largest decline over 3 years | -20.53% | -47.50% | +26.97% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -73.73% | +44.73% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | -37.60% | +36.20% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -28.64% | +17.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 27.15% | -23.85% |
Volatility
CEBL.DE vs. SPOT - Volatility Comparison
The current volatility for iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) is 7.97%, while Spotify Technology S.A. (SPOT) has a volatility of 16.42%. This indicates that CEBL.DE experiences smaller price fluctuations and is considered to be less risky than SPOT 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 | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 16.42% | -8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 17.49% | 37.58% | -20.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.59% | 45.89% | -25.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 47.10% | -28.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 47.19% | -28.18% |
Dividends
CEBL.DE vs. SPOT - Dividend Comparison
Neither CEBL.DE nor SPOT has paid dividends to shareholders.
Frequently Asked Questions
CEBL.DE and SPOT have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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