CEBL.DE vs. VWCE.DE
CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - CEBL.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, CEBL.DE returned 8.97%/yr vs 12.28%/yr for VWCE.DE. A 0.71 correlation means they provide meaningful diversification when combined. CEBL.DE charges 0.20%/yr vs 0.19%/yr for VWCE.DE.
Performance
CEBL.DE vs. VWCE.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 higher than VWCE.DE's 12.64% 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%
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
CEBL.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 31.90% | 19.13% | 18.60% | 3.15% | -15.54% | 2.03% | 15.18% | 8.71% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
Correlation
The correlation between CEBL.DE and VWCE.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.71 |
The correlation between CEBL.DE and VWCE.DE has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
CEBL.DE vs. VWCE.DE — Risk / Return Rank
CEBL.DE
VWCE.DE
CEBL.DE vs. VWCE.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 All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.43 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 4.01 | +0.82 |
| Martin ratioReturn relative to average drawdown | 17.67 | 16.55 | +1.12 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 2.31 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.88 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.79 | -0.36 |
Drawdowns
CEBL.DE vs. VWCE.DE - Drawdown Comparison
The maximum CEBL.DE drawdown since its inception was -35.09%, roughly equal to the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for CEBL.DE and VWCE.DE.
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Drawdown Indicators
| CEBL.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -33.43% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -6.55% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.53% | -21.07% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -21.07% | -7.93% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | — | — |
Current DrawdownCurrent decline from peak | -2.85% | -0.66% | -2.19% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -4.69% | -6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.59% | +1.54% |
Volatility
CEBL.DE vs. VWCE.DE - Volatility Comparison
iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a higher volatility of 8.24% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.06%. This indicates that CEBL.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 3.06% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 8.18% | +8.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 11.37% | +8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 13.75% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 16.16% | +2.78% |
CEBL.DE vs. VWCE.DE - Expense Ratio Comparison
CEBL.DE has a 0.20% expense ratio, which is higher than VWCE.DE's 0.19% 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. VWCE.DE - Dividend Comparison
Neither CEBL.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBL.DE and VWCE.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for CEBL.DE.
CEBL.DE is categorized as Asia Pacific Equities, while VWCE.DE is Global Equities. CEBL.DE tracks MSCI Emerging Markets Asia, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CEBL.DE and 0.19% for VWCE.DE.
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