CEBL.DE vs. VOO
CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - CEBL.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CEBL.DE returned 11.02%/yr vs 15.28%/yr for VOO. At a 0.47 correlation, their price movements are largely independent. CEBL.DE charges 0.20%/yr vs 0.03%/yr for VOO.
Performance
CEBL.DE vs. VOO - Performance Comparison
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Different Trading Currencies
CEBL.DE is traded in EUR, while VOO is traded in USD. To make them comparable, the VOO 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 VOO's 12.61% return. Over the past 10 years, CEBL.DE has underperformed VOO with an annualized return of 11.02%, while VOO has yielded a comparatively higher 15.28% annualized return.
CEBL.DE
- 1D
- -1.89%
- 1M
- 5.19%
- YTD
- 31.90%
- 6M
- 32.33%
- 1Y
- 54.45%
- 3Y*
- 22.99%
- 5Y*
- 8.97%
- 10Y*
- 11.02%
VOO
- 1D
- 0.00%
- 1M
- 4.36%
- YTD
- 12.61%
- 6M
- 11.32%
- 1Y
- 27.33%
- 3Y*
- 19.27%
- 5Y*
- 15.04%
- 10Y*
- 15.28%
CEBL.DE vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 10.58% | 3.84% | 33.23% | 22.54% | -13.10% | 38.43% | 8.57% | 34.33% | -0.02% | 6.81% |
Correlation
The correlation between CEBL.DE and VOO is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010 | 0.47 |
The correlation between CEBL.DE and VOO shifts across timeframes, from 0.37 (5 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEBL.DE vs. VOO — Risk / Return Rank
CEBL.DE
VOO
CEBL.DE vs. VOO - 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 S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.42 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 3.73 | +1.11 |
| Martin ratioReturn relative to average drawdown | 17.67 | 14.10 | +3.56 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 2.26 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.90 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.83 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.90 | -0.47 |
Drawdowns
CEBL.DE vs. VOO - Drawdown Comparison
The maximum CEBL.DE drawdown since its inception was -35.09%, roughly equal to the maximum VOO drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for CEBL.DE and VOO.
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Drawdown Indicators
| CEBL.DE | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -33.49% | -1.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -7.37% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -20.53% | -23.87% | +3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -23.87% | -5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | -33.49% | +0.37% |
Current DrawdownCurrent decline from peak | -2.85% | -0.18% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -4.03% | -7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.94% | +1.19% |
Volatility
CEBL.DE vs. VOO - Volatility Comparison
iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a higher volatility of 8.24% compared to Vanguard S&P 500 ETF (VOO) at 2.06%. This indicates that CEBL.DE's price experiences larger fluctuations and is considered to be riskier than VOO 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 | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 2.06% | +6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 8.55% | +7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 12.20% | +7.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 16.69% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 18.53% | +0.41% |
CEBL.DE vs. VOO - Expense Ratio Comparison
CEBL.DE has a 0.20% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison
CEBL.DE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.05%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
CEBL.DE and VOO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VOO is cheaper with a 0.03% expense ratio, compared with 0.20% for CEBL.DE.
CEBL.DE is categorized as Asia Pacific Equities, while VOO is S&P 500. CEBL.DE tracks MSCI Emerging Markets Asia, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CEBL.DE and 0.03% for VOO.
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