CEBL.DE vs. ZPRA.DE
CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) and ZPRA.DE (SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)) are both Asia Pacific Equities funds - CEBL.DE tracks the MSCI Emerging Markets Asia while ZPRA.DE tracks the S&P Pan Asia Dividend Aristocrats. Both are passively managed. Over the past 10 years, CEBL.DE returned 11.02%/yr vs 6.59%/yr for ZPRA.DE. A 0.70 correlation means they provide meaningful diversification when combined. CEBL.DE charges 0.20%/yr vs 0.55%/yr for ZPRA.DE.
Performance
CEBL.DE vs. ZPRA.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 ZPRA.DE's 4.42% return. Over the past 10 years, CEBL.DE has outperformed ZPRA.DE with an annualized return of 11.02%, while ZPRA.DE has yielded a comparatively lower 6.59% 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%
ZPRA.DE
- 1D
- -0.22%
- 1M
- 0.47%
- YTD
- 4.42%
- 6M
- 3.08%
- 1Y
- 10.80%
- 3Y*
- 10.45%
- 5Y*
- 5.15%
- 10Y*
- 6.59%
CEBL.DE vs. ZPRA.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% |
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) | 4.42% | 9.80% | 11.25% | 11.54% | -10.70% | 12.81% | -9.50% | 24.48% | -4.62% | 13.94% |
Correlation
The correlation between CEBL.DE and ZPRA.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 20, 2013 | 0.70 |
The correlation between CEBL.DE and ZPRA.DE shifts across timeframes, from 0.54 (1 year) to 0.74 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CEBL.DE vs. ZPRA.DE — Risk / Return Rank
CEBL.DE
ZPRA.DE
CEBL.DE vs. ZPRA.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 SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.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 | ZPRA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.20 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 1.93 | +2.90 |
| Martin ratioReturn relative to average drawdown | 17.67 | 5.05 | +12.62 |
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 | ZPRA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 1.11 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.39 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.46 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.41 | +0.03 |
Drawdowns
CEBL.DE vs. ZPRA.DE - Drawdown Comparison
The maximum CEBL.DE drawdown since its inception was -35.09%, which is greater than ZPRA.DE's maximum drawdown of -31.54%. Use the drawdown chart below to compare losses from any high point for CEBL.DE and ZPRA.DE.
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Drawdown Indicators
| CEBL.DE | ZPRA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -31.54% | -3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -5.57% | -5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -20.53% | -13.55% | -6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -21.66% | -7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | -31.54% | -1.58% |
Current DrawdownCurrent decline from peak | -2.85% | -2.76% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -6.47% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.13% | +1.00% |
Volatility
CEBL.DE vs. ZPRA.DE - Volatility Comparison
iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a higher volatility of 8.24% compared to SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.DE) at 2.71%. This indicates that CEBL.DE's price experiences larger fluctuations and is considered to be riskier than ZPRA.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 | ZPRA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 2.71% | +5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 7.42% | +8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 9.67% | +10.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 12.92% | +5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 14.47% | +4.47% |
CEBL.DE vs. ZPRA.DE - Expense Ratio Comparison
CEBL.DE has a 0.20% expense ratio, which is lower than ZPRA.DE's 0.55% expense ratio.
Dividends
CEBL.DE vs. ZPRA.DE - Dividend Comparison
CEBL.DE has not paid dividends to shareholders, while ZPRA.DE's dividend yield for the trailing twelve months is around 2.87%.
| 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% |
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) | 2.87% | 3.01% | 2.98% | 2.92% | 3.64% | 4.00% | 3.04% | 2.62% | 2.41% | 1.78% | 2.25% | 3.17% |
Frequently Asked Questions
CEBL.DE and ZPRA.DE have a correlation of 0.54, 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 0.55% for ZPRA.DE.
CEBL.DE tracks MSCI Emerging Markets Asia, while ZPRA.DE tracks S&P Pan Asia Dividend Aristocrats. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for CEBL.DE and 0.55% for ZPRA.DE.
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