CEBP.DE vs. NQSE.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - CEBP.DE is a Europe Equities fund tracking the MSCI EMU 100% Hedged to USD Index, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, CEBP.DE returned 14.39%/yr vs 12.85%/yr for NQSE.DE. A 0.55 correlation means they provide meaningful diversification when combined. CEBP.DE charges 0.38%/yr vs 0.33%/yr for NQSE.DE.
Performance
CEBP.DE vs. NQSE.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 NQSE.DE's 14.72% 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%
NQSE.DE
- 1D
- 0.35%
- 1M
- -3.37%
- 6M
- 16.19%
- YTD
- 14.72%
- 1Y
- 26.71%
- 3Y*
- 22.71%
- 5Y*
- 12.85%
- 10Y*
- —
CEBP.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -9.36% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 14.72% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 45.18% | 35.63% | -15.97% |
Correlation
The correlation between CEBP.DE and NQSE.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.55 |
The correlation between CEBP.DE and NQSE.DE has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
CEBP.DE vs. NQSE.DE — Risk / Return Rank
CEBP.DE
NQSE.DE
CEBP.DE vs. NQSE.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 NASDAQ 100 UCITS ETF (NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.27 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 2.24 | +1.41 |
| Martin ratioReturn relative to average drawdown | 13.30 | 7.50 | +5.80 |
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Drawdowns
CEBP.DE vs. NQSE.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, roughly equal to the maximum NQSE.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and NQSE.DE.
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Drawdown Indicators
| CEBP.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -37.62% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -11.88% | +3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -22.41% | +2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -37.62% | +17.91% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.42% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -8.51% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 3.55% | -1.29% |
Volatility
CEBP.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) is 3.22%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 7.00%. This indicates that CEBP.DE experiences smaller price fluctuations and is considered to be less risky than NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 7.00% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 13.51% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 17.21% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 21.11% | -5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 21.59% | -4.40% |
CEBP.DE vs. NQSE.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
CEBP.DE vs. NQSE.DE - Dividend Comparison
Neither CEBP.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and NQSE.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NQSE.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NQSE.DE is cheaper with a 0.33% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE is categorized as Europe Equities, while NQSE.DE is Nasdaq-100. CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.38% for CEBP.DE and 0.33% for NQSE.DE.
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