CEBP.DE vs. SC0D.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - CEBP.DE tracks the MSCI EMU 100% Hedged to USD Index while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, CEBP.DE returned 13.04%/yr vs 11.64%/yr for SC0D.DE. Their correlation of 0.87 suggests significant overlap in exposure. CEBP.DE charges 0.38%/yr vs 0.05%/yr for SC0D.DE.
Performance
CEBP.DE vs. SC0D.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 SC0D.DE's 12.92% return. Over the past 10 years, CEBP.DE has outperformed SC0D.DE with an annualized return of 13.04%, while SC0D.DE has yielded a comparatively lower 11.64% 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%
SC0D.DE
- 1D
- 0.81%
- 1M
- 6.02%
- 6M
- 11.84%
- YTD
- 12.92%
- 1Y
- 23.04%
- 3Y*
- 16.55%
- 5Y*
- 12.52%
- 10Y*
- 11.64%
CEBP.DE vs. SC0D.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% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 12.92% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.06% | 10.07% |
Correlation
The correlation between CEBP.DE and SC0D.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2015 | 0.87 |
The correlation between CEBP.DE and SC0D.DE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
CEBP.DE vs. SC0D.DE — Risk / Return Rank
CEBP.DE
SC0D.DE
CEBP.DE vs. SC0D.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 Invesco EURO STOXX 50 UCITS ETF (SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.26 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 2.10 | +1.55 |
| Martin ratioReturn relative to average drawdown | 13.30 | 7.31 | +5.99 |
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Drawdowns
CEBP.DE vs. SC0D.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, roughly equal to the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and SC0D.DE.
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Drawdown Indicators
| CEBP.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -38.50% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -10.93% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -16.54% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -23.38% | +3.67% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -38.50% | +0.45% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -7.07% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 3.14% | -0.88% |
Volatility
CEBP.DE vs. SC0D.DE - Volatility Comparison
The current volatility for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) is 3.22%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 3.94%. This indicates that CEBP.DE experiences smaller price fluctuations and is considered to be less risky than SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.94% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 13.30% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 16.08% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 17.57% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 17.93% | -0.74% |
CEBP.DE vs. SC0D.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio.
Dividends
CEBP.DE vs. SC0D.DE - Dividend Comparison
Neither CEBP.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and SC0D.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.DE is cheaper with a 0.05% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.38% for CEBP.DE and 0.05% for SC0D.DE.
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