CEBP.DE vs. IS3N.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - CEBP.DE is a Europe Equities fund tracking the MSCI EMU 100% Hedged to USD Index, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past 10 years, CEBP.DE returned 13.04%/yr vs 9.80%/yr for IS3N.DE. A 0.64 correlation means they provide meaningful diversification when combined. CEBP.DE charges 0.38%/yr vs 0.18%/yr for IS3N.DE.
Performance
CEBP.DE vs. IS3N.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 lower than IS3N.DE's 26.15% return. Over the past 10 years, CEBP.DE has outperformed IS3N.DE with an annualized return of 13.04%, while IS3N.DE has yielded a comparatively lower 9.80% 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%
IS3N.DE
- 1D
- 2.11%
- 1M
- -1.18%
- 6M
- 22.85%
- YTD
- 26.15%
- 1Y
- 42.71%
- 3Y*
- 19.59%
- 5Y*
- 8.39%
- 10Y*
- 9.80%
CEBP.DE vs. IS3N.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% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 26.15% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
Correlation
The correlation between CEBP.DE and IS3N.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2015 | 0.64 |
The correlation between CEBP.DE and IS3N.DE has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
CEBP.DE vs. IS3N.DE — Risk / Return Rank
CEBP.DE
IS3N.DE
CEBP.DE vs. IS3N.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 MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 4.04 | -0.39 |
| Martin ratioReturn relative to average drawdown | 13.30 | 13.47 | -0.17 |
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Drawdowns
CEBP.DE vs. IS3N.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and IS3N.DE.
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Drawdown Indicators
| CEBP.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -35.06% | -2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -10.52% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -19.18% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -21.99% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -32.51% | -5.54% |
Current DrawdownCurrent decline from peak | 0.00% | -4.56% | +4.56% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -9.24% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 3.16% | -0.90% |
Volatility
CEBP.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) is 3.22%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.89%. This indicates that CEBP.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 8.89% | -5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 16.69% | -5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 19.07% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 16.62% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 18.15% | -0.96% |
CEBP.DE vs. IS3N.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
CEBP.DE vs. IS3N.DE - Dividend Comparison
Neither CEBP.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and IS3N.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE is categorized as Europe Equities, while IS3N.DE is Emerging Markets Equities. CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). Their fees differ too: 0.38% for CEBP.DE and 0.18% for IS3N.DE.
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