CEBP.DE vs. EXXX.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds from iShares - CEBP.DE tracks the MSCI EMU 100% Hedged to USD Index while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, CEBP.DE returned 13.04%/yr vs 15.61%/yr for EXXX.DE. A 0.65 correlation means they provide meaningful diversification when combined. CEBP.DE charges 0.38%/yr vs 0.32%/yr for EXXX.DE.
Performance
CEBP.DE vs. EXXX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CEBP.DE achieves a 18.33% return, which is significantly lower than EXXX.DE's 26.40% return. Over the past 10 years, CEBP.DE has underperformed EXXX.DE with an annualized return of 13.04%, while EXXX.DE has yielded a comparatively higher 15.61% 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%
EXXX.DE
- 1D
- 0.98%
- 1M
- 8.32%
- 6M
- 25.26%
- YTD
- 26.40%
- 1Y
- 51.78%
- 3Y*
- 31.33%
- 5Y*
- 17.65%
- 10Y*
- 15.61%
CEBP.DE vs. EXXX.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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 26.40% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between CEBP.DE and EXXX.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2015 | 0.65 |
The correlation between CEBP.DE and EXXX.DE has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CEBP.DE vs. EXXX.DE — Risk / Return Rank
CEBP.DE
EXXX.DE
CEBP.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.50 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 4.81 | -1.16 |
| Martin ratioReturn relative to average drawdown | 13.30 | 16.27 | -2.96 |
Loading charts...
Drawdowns
CEBP.DE vs. EXXX.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and EXXX.DE.
Loading charts...
Drawdown Indicators
| CEBP.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -71.43% | +33.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -10.71% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -16.11% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -32.69% | +12.98% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -52.90% | +14.85% |
Current DrawdownCurrent decline from peak | 0.00% | -0.44% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -28.46% | +21.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 3.17% | -0.91% |
Volatility
CEBP.DE vs. EXXX.DE - Volatility Comparison
The current volatility for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) is 3.22%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 5.95%. This indicates that CEBP.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CEBP.DE | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 5.95% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 14.44% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 17.43% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 19.15% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 20.00% | -2.81% |
CEBP.DE vs. EXXX.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than EXXX.DE's 0.32% expense ratio.
Dividends
CEBP.DE vs. EXXX.DE - Dividend Comparison
CEBP.DE has not paid dividends to shareholders, while EXXX.DE's dividend yield for the trailing twelve months is around 2.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEBP.DE iShares MSCI EMU USD Hedged 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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 2.92% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
CEBP.DE and EXXX.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXXX.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXXX.DE is cheaper with a 0.32% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while EXXX.DE tracks ATX Index. Their fees differ too: 0.38% for CEBP.DE and 0.32% for EXXX.DE.
Find the right allocation for CEBP.DE and EXXX.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer