CEBP.DE vs. EUNA.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - CEBP.DE is a Europe Equities fund tracking the MSCI EMU 100% Hedged to USD Index, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, CEBP.DE returned 14.39%/yr vs -1.36%/yr for EUNA.DE. At a correlation of -0.01, they often move in opposite directions. CEBP.DE charges 0.38%/yr vs 0.10%/yr for EUNA.DE.
Performance
CEBP.DE vs. EUNA.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 EUNA.DE's -0.40% 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%
EUNA.DE
- 1D
- -0.20%
- 1M
- 0.41%
- 6M
- 0.20%
- YTD
- -0.40%
- 1Y
- 0.82%
- 3Y*
- 2.34%
- 5Y*
- -1.36%
- 10Y*
- —
CEBP.DE vs. EUNA.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% | -2.41% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.40% | 2.91% | 1.48% | 4.41% | -13.52% | -2.42% | 3.86% | 5.07% | -1.20% | -0.20% |
Correlation
The correlation between CEBP.DE and EUNA.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | -0.01 |
The correlation between CEBP.DE and EUNA.DE shifts across timeframes, from -0.01 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEBP.DE vs. EUNA.DE — Risk / Return Rank
CEBP.DE
EUNA.DE
CEBP.DE vs. EUNA.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 iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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 | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.04 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 0.29 | +3.36 |
| Martin ratioReturn relative to average drawdown | 13.30 | 0.78 | +12.52 |
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Drawdowns
CEBP.DE vs. EUNA.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, which is greater than EUNA.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and EUNA.DE.
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Drawdown Indicators
| CEBP.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -17.81% | -20.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -2.80% | -5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -4.11% | -15.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -17.04% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.53% | +8.53% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -6.71% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.05% | +1.21% |
Volatility
CEBP.DE vs. EUNA.DE - Volatility Comparison
iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) has a higher volatility of 3.22% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 0.86%. This indicates that CEBP.DE's price experiences larger fluctuations and is considered to be riskier than EUNA.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 | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 0.86% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 2.83% | +8.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 3.73% | +10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 4.84% | +10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 4.44% | +12.75% |
CEBP.DE vs. EUNA.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
CEBP.DE vs. EUNA.DE - Dividend Comparison
Neither CEBP.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and EUNA.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE is categorized as Europe Equities, while EUNA.DE is Global Bonds. CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.38% for CEBP.DE and 0.10% for EUNA.DE.
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