CEBL.DE vs. VGEJ.DE
CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) and VGEJ.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both Asia Pacific Equities funds - CEBL.DE tracks the MSCI Emerging Markets Asia while VGEJ.DE tracks the FTSE Developed Asia Pacific ex Japan. Both are passively managed. Over the past 10 years, CEBL.DE returned 11.02%/yr vs 15.36%/yr for VGEJ.DE. A 0.69 correlation means they provide meaningful diversification when combined. CEBL.DE charges 0.20%/yr vs 0.15%/yr for VGEJ.DE.
Performance
CEBL.DE vs. VGEJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEBL.DE achieves a 31.90% return, which is significantly lower than VGEJ.DE's 50.18% return. Over the past 10 years, CEBL.DE has underperformed VGEJ.DE with an annualized return of 11.02%, while VGEJ.DE has yielded a comparatively higher 15.36% 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%
VGEJ.DE
- 1D
- -3.08%
- 1M
- 10.47%
- YTD
- 50.18%
- 6M
- 56.12%
- 1Y
- 80.18%
- 3Y*
- 26.79%
- 5Y*
- 15.69%
- 10Y*
- 15.36%
CEBL.DE vs. VGEJ.DE - 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% |
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 50.18% | 24.74% | 3.34% | 10.27% | -4.11% | 14.06% | 11.18% | 25.07% | -6.90% | 14.80% |
Correlation
The correlation between CEBL.DE and VGEJ.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2015 | 0.69 |
The correlation between CEBL.DE and VGEJ.DE shifts across timeframes, from 0.69 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEBL.DE vs. VGEJ.DE — Risk / Return Rank
CEBL.DE
VGEJ.DE
CEBL.DE vs. VGEJ.DE - 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 Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VGEJ.DE). 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 | VGEJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.69 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 6.17 | -1.33 |
| Martin ratioReturn relative to average drawdown | 17.67 | 24.13 | -6.46 |
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 | VGEJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 3.80 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.93 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.93 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.79 | -0.36 |
Drawdowns
CEBL.DE vs. VGEJ.DE - Drawdown Comparison
The maximum CEBL.DE drawdown since its inception was -35.09%, roughly equal to the maximum VGEJ.DE drawdown of -36.78%. Use the drawdown chart below to compare losses from any high point for CEBL.DE and VGEJ.DE.
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Drawdown Indicators
| CEBL.DE | VGEJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -36.78% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -12.94% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -20.53% | -19.66% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -19.66% | -9.34% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | -36.78% | +3.66% |
Current DrawdownCurrent decline from peak | -2.85% | -3.88% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -4.86% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.31% | -0.18% |
Volatility
CEBL.DE vs. VGEJ.DE - Volatility Comparison
The current volatility for iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) is 8.24%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VGEJ.DE) has a volatility of 10.63%. This indicates that CEBL.DE experiences smaller price fluctuations and is considered to be less risky than VGEJ.DE 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 | VGEJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 10.63% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 18.75% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 20.99% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 16.70% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 19.29% | -0.35% |
CEBL.DE vs. VGEJ.DE - Expense Ratio Comparison
CEBL.DE has a 0.20% expense ratio, which is higher than VGEJ.DE's 0.15% 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. VGEJ.DE - Dividend Comparison
CEBL.DE has not paid dividends to shareholders, while VGEJ.DE's dividend yield for the trailing twelve months is around 1.80%.
| 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% |
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 1.80% | 2.75% | 5.36% | 7.33% | 7.98% | 7.49% | 4.34% | 6.92% | 7.83% | 4.28% | 3.08% | 2.78% |
Frequently Asked Questions
CEBL.DE and VGEJ.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEJ.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for CEBL.DE.
CEBL.DE tracks MSCI Emerging Markets Asia, while VGEJ.DE tracks FTSE Developed Asia Pacific ex Japan. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CEBL.DE and 0.15% for VGEJ.DE.
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