CEBP.DE vs. EUPE.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and EUPE.DE (Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)) are both Europe Equities funds - CEBP.DE tracks the MSCI EMU 100% Hedged to USD Index while EUPE.DE tracks the Shiller Barclays CAPE® Europe Sector Value. Both are passively managed. Over the past 10 years, CEBP.DE returned 13.04%/yr vs 9.17%/yr for EUPE.DE. A 0.77 correlation means they provide meaningful diversification when combined. CEBP.DE charges 0.38%/yr vs 0.65%/yr for EUPE.DE.
Performance
CEBP.DE vs. EUPE.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 EUPE.DE's 16.96% return. Over the past 10 years, CEBP.DE has outperformed EUPE.DE with an annualized return of 13.04%, while EUPE.DE has yielded a comparatively lower 9.17% 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%
EUPE.DE
- 1D
- -0.02%
- 1M
- 1.68%
- 6M
- 16.32%
- YTD
- 16.96%
- 1Y
- 29.48%
- 3Y*
- 11.66%
- 5Y*
- 8.67%
- 10Y*
- 9.17%
CEBP.DE vs. EUPE.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% |
EUPE.DE Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) | 16.96% | 12.45% | 2.14% | 12.84% | -6.14% | 25.64% | 2.80% | 24.48% | -7.47% | 5.56% |
Correlation
The correlation between CEBP.DE and EUPE.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2015 | 0.77 |
Over the past year, the correlation between CEBP.DE and EUPE.DE has dropped to 0.47 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
CEBP.DE vs. EUPE.DE — Risk / Return Rank
CEBP.DE
EUPE.DE
CEBP.DE vs. EUPE.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 Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 5.78 | -2.13 |
| Martin ratioReturn relative to average drawdown | 13.30 | 16.32 | -3.02 |
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Drawdowns
CEBP.DE vs. EUPE.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, which is greater than EUPE.DE's maximum drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and EUPE.DE.
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Drawdown Indicators
| CEBP.DE | EUPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -32.64% | -5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -5.08% | -3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -15.63% | -4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -15.63% | -4.08% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -32.64% | -5.41% |
Current DrawdownCurrent decline from peak | 0.00% | -1.76% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -4.89% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.80% | +0.46% |
Volatility
CEBP.DE vs. EUPE.DE - Volatility Comparison
The current volatility for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) is 3.22%, while Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) has a volatility of 3.59%. This indicates that CEBP.DE experiences smaller price fluctuations and is considered to be less risky than EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.59% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 9.03% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 11.42% | +3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 13.20% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 14.60% | +2.59% |
CEBP.DE vs. EUPE.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is lower than EUPE.DE's 0.65% expense ratio.
Dividends
CEBP.DE vs. EUPE.DE - Dividend Comparison
Neither CEBP.DE nor EUPE.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and EUPE.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBP.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBP.DE is cheaper with a 0.38% expense ratio, compared with 0.65% for EUPE.DE.
CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while EUPE.DE tracks Shiller Barclays CAPE® Europe Sector Value. They also come from different issuers: iShares and Natixis. Their fees differ too: 0.38% for CEBP.DE and 0.65% for EUPE.DE.
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