CEBZ.DE vs. ^STOXX
CEBZ.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) is Europe Equities fund tracking the MSCI Europe Index, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past year, CEBZ.DE returned 16.09% vs 13.33% for ^STOXX. With a 0.98 correlation, they move nearly in lockstep.
Performance
CEBZ.DE vs. ^STOXX - Performance Comparison
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Returns By Period
In the year-to-date period, CEBZ.DE achieves a 7.37% return, which is significantly higher than ^STOXX's 5.45% return.
CEBZ.DE
- 1D
- 0.58%
- 1M
- 3.21%
- YTD
- 7.37%
- 6M
- 9.72%
- 1Y
- 16.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^STOXX
- 1D
- 0.52%
- 1M
- 2.42%
- YTD
- 5.45%
- 6M
- 7.88%
- 1Y
- 13.33%
- 3Y*
- 10.73%
- 5Y*
- 6.65%
- 10Y*
- 6.19%
CEBZ.DE vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEBZ.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.37% | 20.45% | 1.33% |
^STOXX STOXX Europe 600 Index | 5.45% | 16.66% | -0.40% |
Correlation
The correlation between CEBZ.DE and ^STOXX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.98 |
The correlation between CEBZ.DE and ^STOXX has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
CEBZ.DE vs. ^STOXX — Risk / Return Rank
CEBZ.DE
^STOXX
CEBZ.DE vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) and STOXX Europe 600 Index (^STOXX). 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.
| CEBZ.DE | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.37 | +0.30 |
| Martin ratioReturn relative to average drawdown | 6.29 | 4.91 | +1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEBZ.DE | ^STOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.07 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.31 | +0.64 |
Drawdowns
CEBZ.DE vs. ^STOXX - Drawdown Comparison
The maximum CEBZ.DE drawdown since its inception was -16.41%, smaller than the maximum ^STOXX drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for CEBZ.DE and ^STOXX.
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Drawdown Indicators
| CEBZ.DE | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.41% | -61.04% | +44.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -9.56% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.55% | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.48% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -16.77% | +14.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.67% | -0.12% |
Volatility
CEBZ.DE vs. ^STOXX - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) has a higher volatility of 4.49% compared to STOXX Europe 600 Index (^STOXX) at 3.63%. This indicates that CEBZ.DE's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEBZ.DE | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 3.63% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 10.21% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 12.22% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 13.98% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 15.31% | -1.49% |
Frequently Asked Questions
With a correlation of 0.98, CEBZ.DE and ^STOXX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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