CEBP.DE vs. ZPRL.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) are both Europe Equities funds - CEBP.DE tracks the MSCI EMU 100% Hedged to USD Index while ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100. Both are passively managed. Over the past 10 years, CEBP.DE returned 13.04%/yr vs 7.46%/yr for ZPRL.DE. A 0.76 correlation means they provide meaningful diversification when combined. CEBP.DE charges 0.38%/yr vs 0.30%/yr for ZPRL.DE.
Performance
CEBP.DE vs. ZPRL.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 ZPRL.DE's 10.06% return. Over the past 10 years, CEBP.DE has outperformed ZPRL.DE with an annualized return of 13.04%, while ZPRL.DE has yielded a comparatively lower 7.46% 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%
ZPRL.DE
- 1D
- 1.07%
- 1M
- 4.60%
- 6M
- 9.72%
- YTD
- 10.06%
- 1Y
- 12.03%
- 3Y*
- 12.63%
- 5Y*
- 7.53%
- 10Y*
- 7.46%
CEBP.DE vs. ZPRL.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% |
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 10.06% | 18.39% | 7.42% | 12.34% | -14.65% | 17.34% | -5.26% | 22.07% | -8.17% | 15.38% |
Correlation
The correlation between CEBP.DE and ZPRL.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
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 |
Over the past year, the correlation between CEBP.DE and ZPRL.DE has dropped to 0.49 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
CEBP.DE vs. ZPRL.DE — Risk / Return Rank
CEBP.DE
ZPRL.DE
CEBP.DE vs. ZPRL.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 SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.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 | ZPRL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.55 | +2.10 |
| Martin ratioReturn relative to average drawdown | 13.30 | 4.50 | +8.80 |
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Drawdowns
CEBP.DE vs. ZPRL.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, which is greater than ZPRL.DE's maximum drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and ZPRL.DE.
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Drawdown Indicators
| CEBP.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -35.34% | -2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -7.74% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -9.36% | -10.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -23.37% | +3.66% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -35.34% | -2.71% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -5.33% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.67% | -0.41% |
Volatility
CEBP.DE vs. ZPRL.DE - Volatility Comparison
iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) has a higher volatility of 3.22% compared to SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) at 2.47%. This indicates that CEBP.DE's price experiences larger fluctuations and is considered to be riskier than ZPRL.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 | ZPRL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 2.47% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 8.46% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 9.80% | +4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 11.98% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 13.39% | +3.80% |
CEBP.DE vs. ZPRL.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than ZPRL.DE's 0.30% expense ratio.
Dividends
CEBP.DE vs. ZPRL.DE - Dividend Comparison
Neither CEBP.DE nor ZPRL.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and ZPRL.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRL.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRL.DE is cheaper with a 0.30% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100. They also come from different issuers: iShares and State Street. Their fees differ too: 0.38% for CEBP.DE and 0.30% for ZPRL.DE.
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