CEBP.DE vs. EHF1.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds - CEBP.DE tracks the MSCI EMU 100% Hedged to USD Index while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 10 years, CEBP.DE returned 13.04%/yr vs 9.47%/yr for EHF1.DE. A 0.76 correlation means they provide meaningful diversification when combined. CEBP.DE charges 0.38%/yr vs 0.23%/yr for EHF1.DE.
Performance
CEBP.DE vs. EHF1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEBP.DE achieves a 18.33% return, which is significantly higher than EHF1.DE's 10.60% return. Over the past 10 years, CEBP.DE has outperformed EHF1.DE with an annualized return of 13.04%, while EHF1.DE has yielded a comparatively lower 9.47% annualized return.
CEBP.DE
- 1D
- 1.07%
- 1M
- 6.87%
- 6M
- 17.26%
- YTD
- 18.33%
- 1Y
- 30.12%
- 3Y*
- 17.21%
- 5Y*
- 14.39%
- 10Y*
- 13.04%
EHF1.DE
- 1D
- -0.08%
- 1M
- 5.80%
- 6M
- 9.85%
- YTD
- 10.60%
- 1Y
- 19.88%
- 3Y*
- 15.62%
- 5Y*
- 12.33%
- 10Y*
- 9.47%
CEBP.DE vs. EHF1.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) | 18.33% | 12.28% | 17.61% | 17.66% | -3.75% | 33.16% | -8.03% | 34.07% | -6.38% | 1.04% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 10.60% | 19.17% | 9.83% | 14.12% | 1.04% | 18.25% | -9.78% | 27.00% | -5.56% | 4.73% |
Correlation
The correlation between CEBP.DE and EHF1.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2015 | 0.76 |
Over the past year, the correlation between CEBP.DE and EHF1.DE has dropped to 0.51 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
CEBP.DE vs. EHF1.DE — Risk / Return Rank
CEBP.DE
EHF1.DE
CEBP.DE vs. EHF1.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 Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.17 | +0.48 |
| Martin ratioReturn relative to average drawdown | 13.30 | 8.79 | +4.51 |
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Drawdowns
CEBP.DE vs. EHF1.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, roughly equal to the maximum EHF1.DE drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and EHF1.DE.
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Drawdown Indicators
| CEBP.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -38.13% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -6.24% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -12.89% | -6.82% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -15.64% | -4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -38.13% | +0.08% |
Current DrawdownCurrent decline from peak | 0.00% | -0.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -4.94% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.26% | 0.00% |
Volatility
CEBP.DE vs. EHF1.DE - Volatility Comparison
iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) and Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) have volatilities of 3.22% and 3.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEBP.DE | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.17% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 8.44% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 10.35% | +4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 12.32% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 14.64% | +2.55% |
CEBP.DE vs. EHF1.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than EHF1.DE's 0.23% expense ratio.
Dividends
CEBP.DE vs. EHF1.DE - Dividend Comparison
Neither CEBP.DE nor EHF1.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and EHF1.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EHF1.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EHF1.DE is cheaper with a 0.23% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while EHF1.DE tracks MSCI Europe High Dividend Yield. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.38% for CEBP.DE and 0.23% for EHF1.DE.
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