CEBP.DE vs. MVEE.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds from iShares - CEBP.DE tracks the MSCI EMU 100% Hedged to USD Index while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, CEBP.DE returned 14.39%/yr vs 6.33%/yr for MVEE.DE. A 0.76 correlation means they provide meaningful diversification when combined. CEBP.DE charges 0.38%/yr vs 0.25%/yr for MVEE.DE.
Performance
CEBP.DE vs. MVEE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CEBP.DE achieves a 18.33% return, which is significantly higher than MVEE.DE's 9.62% 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%
MVEE.DE
- 1D
- 0.57%
- 1M
- 4.22%
- 6M
- 9.21%
- YTD
- 9.62%
- 1Y
- 12.53%
- 3Y*
- 10.05%
- 5Y*
- 6.33%
- 10Y*
- —
CEBP.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEBP.DE iShares MSCI EMU USD Hedged UCITS ETF (Acc) | 18.33% | 12.28% | 17.61% | 17.66% | -3.75% | 33.16% | 17.12% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 9.62% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between CEBP.DE and MVEE.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.76 |
Over the past year, the correlation between CEBP.DE and MVEE.DE has dropped to 0.55 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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. MVEE.DE — Risk / Return Rank
CEBP.DE
MVEE.DE
CEBP.DE vs. MVEE.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 Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.69 | +1.96 |
| Martin ratioReturn relative to average drawdown | 13.30 | 5.83 | +7.48 |
Loading charts...
Drawdowns
CEBP.DE vs. MVEE.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and MVEE.DE.
Loading charts...
Drawdown Indicators
| CEBP.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -20.19% | -17.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -7.40% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -12.19% | -7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -20.19% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -4.48% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.15% | +0.11% |
Volatility
CEBP.DE vs. MVEE.DE - Volatility Comparison
iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) has a higher volatility of 3.22% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.62%. This indicates that CEBP.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CEBP.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 2.62% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 8.34% | +2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 10.00% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 12.10% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 12.47% | +4.72% |
CEBP.DE vs. MVEE.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
CEBP.DE vs. MVEE.DE - Dividend Comparison
Neither CEBP.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and MVEE.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.DE is cheaper with a 0.25% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while MVEE.DE tracks MSCI Europe NR EUR. Their fees differ too: 0.38% for CEBP.DE and 0.25% for MVEE.DE.
Find the right allocation for CEBP.DE and MVEE.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