CEBP.DE vs. D5BL.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds - CEBP.DE tracks the MSCI EMU 100% Hedged to USD Index while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, CEBP.DE returned 12.11%/yr vs 11.14%/yr for D5BL.DE. Their correlation of 0.81 suggests significant overlap in exposure. CEBP.DE charges 0.38%/yr vs 0.15%/yr for D5BL.DE.
Performance
CEBP.DE vs. D5BL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CEBP.DE having a 14.84% return and D5BL.DE slightly higher at 15.58%. Over the past 10 years, CEBP.DE has outperformed D5BL.DE with an annualized return of 12.11%, while D5BL.DE has yielded a comparatively lower 11.14% annualized return.
CEBP.DE
- 1D
- -0.77%
- 1M
- -0.54%
- 6M
- 8.97%
- YTD
- 14.84%
- 1Y
- 23.72%
- 3Y*
- 17.15%
- 5Y*
- 13.84%
- 10Y*
- 12.11%
D5BL.DE
- 1D
- -0.29%
- 1M
- 0.47%
- 6M
- 12.06%
- YTD
- 15.58%
- 1Y
- 33.61%
- 3Y*
- 21.43%
- 5Y*
- 15.51%
- 10Y*
- 11.14%
CEBP.DE vs. D5BL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEBP.DE iShares MSCI EMU USD Hedged UCITS ETF (Acc) | 14.84% | 12.28% | 17.61% | 17.66% | -3.75% | 33.16% | -8.03% | 34.07% | -6.38% | 1.04% |
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 15.58% | 35.80% | 10.37% | 14.11% | -4.61% | 26.80% | -8.55% | 22.92% | -14.01% | 9.78% |
Correlation
The correlation between CEBP.DE and D5BL.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2015 | 0.81 |
The correlation between CEBP.DE and D5BL.DE shifts across timeframes, from 0.70 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEBP.DE vs. D5BL.DE — Risk / Return Rank
CEBP.DE
D5BL.DE
CEBP.DE vs. D5BL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) and Xtrackers MSCI Europe Value UCITS ETF (D5BL.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.
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.
| CEBP.DE | D5BL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.34 | -0.46 |
| Martin ratioReturn relative to average drawdown | 10.40 | 12.75 | -2.35 |
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Drawdowns
CEBP.DE vs. D5BL.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, smaller than the maximum D5BL.DE drawdown of -40.39%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and D5BL.DE.
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Drawdown Indicators
| CEBP.DE | D5BL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -40.39% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -10.02% | +1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -17.36% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -19.58% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -40.39% | +2.34% |
Current DrawdownCurrent decline from peak | -2.95% | -1.94% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -7.33% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.63% | -0.36% |
Volatility
CEBP.DE vs. D5BL.DE - Volatility Comparison
The current volatility for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) is 3.47%, while Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) has a volatility of 4.01%. This indicates that CEBP.DE experiences smaller price fluctuations and is considered to be less risky than D5BL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEBP.DE | D5BL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 4.01% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 12.24% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.57% | 14.83% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 15.60% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 17.32% | -0.15% |
CEBP.DE vs. D5BL.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than D5BL.DE's 0.15% expense ratio.
Dividends
CEBP.DE vs. D5BL.DE - Dividend Comparison
Neither CEBP.DE nor D5BL.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and D5BL.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BL.DE is cheaper with a 0.15% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while D5BL.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.38% for CEBP.DE and 0.15% for D5BL.DE.
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