CEBP.DE vs. SXR8.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - CEBP.DE is a Europe Equities fund tracking the MSCI EMU 100% Hedged to USD Index, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CEBP.DE returned 13.04%/yr vs 14.87%/yr for SXR8.DE. A 0.76 correlation means they provide meaningful diversification when combined. CEBP.DE charges 0.38%/yr vs 0.07%/yr for SXR8.DE.
Performance
CEBP.DE vs. SXR8.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 SXR8.DE's 12.22% return. Over the past 10 years, CEBP.DE has underperformed SXR8.DE with an annualized return of 13.04%, while SXR8.DE has yielded a comparatively higher 14.87% 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%
SXR8.DE
- 1D
- 0.22%
- 1M
- 0.62%
- 6M
- 12.76%
- YTD
- 12.22%
- 1Y
- 24.06%
- 3Y*
- 18.35%
- 5Y*
- 13.70%
- 10Y*
- 14.87%
CEBP.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 12.22% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
Correlation
The correlation between CEBP.DE and SXR8.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2015 | 0.76 |
The correlation between CEBP.DE and SXR8.DE shifts across timeframes, from 0.65 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEBP.DE vs. SXR8.DE — Risk / Return Rank
CEBP.DE
SXR8.DE
CEBP.DE vs. SXR8.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 S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.45 | +0.20 |
| Martin ratioReturn relative to average drawdown | 13.30 | 12.24 | +1.06 |
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Drawdowns
CEBP.DE vs. SXR8.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, which is greater than SXR8.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and SXR8.DE.
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Drawdown Indicators
| CEBP.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -33.78% | -4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -6.94% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -23.32% | +3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -23.32% | +3.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -33.78% | -4.27% |
Current DrawdownCurrent decline from peak | 0.00% | -0.61% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -5.20% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.96% | +0.30% |
Volatility
CEBP.DE vs. SXR8.DE - Volatility Comparison
The current volatility for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) is 3.22%, while iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) has a volatility of 3.63%. This indicates that CEBP.DE experiences smaller price fluctuations and is considered to be less risky than SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.63% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 7.98% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 11.90% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 15.20% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 16.07% | +1.12% |
CEBP.DE vs. SXR8.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio.
Dividends
CEBP.DE vs. SXR8.DE - Dividend Comparison
Neither CEBP.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and SXR8.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE is categorized as Europe Equities, while SXR8.DE is S&P 500. CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.38% for CEBP.DE and 0.07% for SXR8.DE.
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