CEBZ.DE vs. 18M2.DE
CEBZ.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - CEBZ.DE tracks the MSCI Europe Index while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past year, CEBZ.DE returned 16.09% vs 15.86% for 18M2.DE. A 0.79 correlation means they provide meaningful diversification when combined. CEBZ.DE charges 0.12%/yr vs 0.30%/yr for 18M2.DE.
Performance
CEBZ.DE vs. 18M2.DE - 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 18M2.DE's 6.76% return.
CEBZ.DE
- 1D
- 0.58%
- 1M
- 3.21%
- YTD
- 7.37%
- 6M
- 9.72%
- 1Y
- 16.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
CEBZ.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEBZ.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.37% | 20.45% | 1.33% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | -2.51% |
Correlation
The correlation between CEBZ.DE and 18M2.DE is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.79 |
The correlation between CEBZ.DE and 18M2.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
CEBZ.DE vs. 18M2.DE — Risk / Return Rank
CEBZ.DE
18M2.DE
CEBZ.DE vs. 18M2.DE - 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 Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| CEBZ.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.55 | -0.88 |
| Martin ratioReturn relative to average drawdown | 6.29 | 6.71 | -0.42 |
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 | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.49 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.44 | +0.51 |
Drawdowns
CEBZ.DE vs. 18M2.DE - Drawdown Comparison
The maximum CEBZ.DE drawdown since its inception was -16.41%, smaller than the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for CEBZ.DE and 18M2.DE.
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Drawdown Indicators
| CEBZ.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.41% | -37.06% | +20.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -6.19% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.06% | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.44% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -6.42% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.36% | +0.19% |
Volatility
CEBZ.DE vs. 18M2.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) has a higher volatility of 4.49% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that CEBZ.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE 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 | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 2.63% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 8.33% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 10.62% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 13.41% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 15.44% | -1.62% |
CEBZ.DE vs. 18M2.DE - Expense Ratio Comparison
CEBZ.DE has a 0.12% expense ratio, which is lower than 18M2.DE's 0.30% expense ratio.
Dividends
CEBZ.DE vs. 18M2.DE - Dividend Comparison
Neither CEBZ.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBZ.DE and 18M2.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBZ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBZ.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for 18M2.DE.
CEBZ.DE tracks MSCI Europe Index, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for CEBZ.DE and 0.30% for 18M2.DE.
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