CEBP.DE vs. IUSQ.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and IUSQ.DE (iShares MSCI ACWI 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 IUSQ.DE is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, CEBP.DE returned 13.04%/yr vs 12.51%/yr for IUSQ.DE. Their correlation of 0.83 suggests significant overlap in exposure. CEBP.DE charges 0.38%/yr vs 0.20%/yr for IUSQ.DE.
Performance
CEBP.DE vs. IUSQ.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 IUSQ.DE's 14.14% return. Both investments have delivered pretty close results over the past 10 years, with CEBP.DE having a 13.04% annualized return and IUSQ.DE not far behind at 12.51%.
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%
IUSQ.DE
- 1D
- 0.59%
- 1M
- 1.08%
- 6M
- 13.65%
- YTD
- 14.14%
- 1Y
- 26.53%
- 3Y*
- 17.85%
- 5Y*
- 11.85%
- 10Y*
- 12.51%
CEBP.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 14.14% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Correlation
The correlation between CEBP.DE and IUSQ.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2015 | 0.83 |
The correlation between CEBP.DE and IUSQ.DE has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
CEBP.DE vs. IUSQ.DE — Risk / Return Rank
CEBP.DE
IUSQ.DE
CEBP.DE vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 4.08 | -0.43 |
| Martin ratioReturn relative to average drawdown | 13.30 | 16.66 | -3.36 |
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Drawdowns
CEBP.DE vs. IUSQ.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, which is greater than IUSQ.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and IUSQ.DE.
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Drawdown Indicators
| CEBP.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -33.60% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -6.48% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -21.25% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -21.25% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -33.60% | -4.45% |
Current DrawdownCurrent decline from peak | 0.00% | -0.06% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -4.17% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.59% | +0.67% |
Volatility
CEBP.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) is 3.22%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.66%. This indicates that CEBP.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.66% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 8.63% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 11.78% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 13.99% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 14.98% | +2.21% |
CEBP.DE vs. IUSQ.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
CEBP.DE vs. IUSQ.DE - Dividend Comparison
Neither CEBP.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and IUSQ.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE is categorized as Europe Equities, while IUSQ.DE is Global Equities. CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while IUSQ.DE tracks MSCI ACWI Index. Their fees differ too: 0.38% for CEBP.DE and 0.20% for IUSQ.DE.
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