CEBZ.DE vs. 5HEU.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) and Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.DE).

CEBZ.DE and 5HEU.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEBZ.DE is a passively managed fund by iShares that tracks the performance of the MSCI Europe Index. It was launched on Jul 6, 2007. 5HEU.DE is a passively managed fund by Natixis that tracks the performance of the Ossiam ESG Shiller Barclays CAPE® Europe Sector. It was launched on Dec 17, 2021. Both CEBZ.DE and 5HEU.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CEBZ.DE vs. 5HEU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) and Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.DE). The values are adjusted to include any dividend payments, if applicable.

CEBZ.DE vs. 5HEU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CEBZ.DE iShares Core MSCI Europe UCITS ETF EUR (Acc)	1.36%	20.45%	1.33%
5HEU.DE Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)	0.00%	4.88%	-3.46%

Returns By Period

CEBZ.DE

• 1D: 2.41%
• 1M: -3.82%
• YTD: 1.36%
• 6M: 6.48%
• 1Y: 13.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

5HEU.DE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 2.17%
• 1Y: 3.68%
• 3Y*: 1.04%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEBZ.DE vs. 5HEU.DE - Expense Ratio Comparison

CEBZ.DE has a 0.12% expense ratio, which is lower than 5HEU.DE's 0.75% expense ratio.

5HEU.DE

Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)

CEBZ.DE

iShares Core MSCI Europe UCITS ETF EUR (Acc)

Return for Risk

CEBZ.DE vs. 5HEU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEBZ.DE

CEBZ.DE Risk / Return Rank: 43
CEBZ.DE Sharpe Ratio Rank: 43
CEBZ.DE Sortino Ratio Rank: 38
CEBZ.DE Omega Ratio Rank: 44
CEBZ.DE Calmar Ratio Rank: 45
CEBZ.DE Martin Ratio Rank: 47

5HEU.DE

5HEU.DE Risk / Return Rank: 20
5HEU.DE Sharpe Ratio Rank: 21
5HEU.DE Sortino Ratio Rank: 19
5HEU.DE Omega Ratio Rank: 23
5HEU.DE Calmar Ratio Rank: 18
5HEU.DE Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEBZ.DE vs. 5HEU.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 Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.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	5HEU.DE	Difference
Sharpe ratio Return per unit of total volatility	0.86	0.38	+0.48
Sortino ratio Return per unit of downside risk	1.19	0.56	+0.63
Omega ratio Gain probability vs. loss probability	1.18	1.10	+0.08
Calmar ratio Return relative to maximum drawdown	1.39	0.35	+1.04
Martin ratio Return relative to average drawdown	5.27	1.12	+4.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEBZ.DE vs. 5HEU.DE - Sharpe Ratio Comparison

The current CEBZ.DE Sharpe Ratio is 0.86, which is higher than the 5HEU.DE Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of CEBZ.DE and 5HEU.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CEBZ.DE	5HEU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	0.38	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.02	+0.80

Correlation

The correlation between CEBZ.DE and 5HEU.DE is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CEBZ.DE vs. 5HEU.DE - Dividend Comparison

Neither CEBZ.DE nor 5HEU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CEBZ.DE vs. 5HEU.DE - Drawdown Comparison

The maximum CEBZ.DE drawdown since its inception was -16.41%, smaller than the maximum 5HEU.DE drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for CEBZ.DE and 5HEU.DE.

Drawdown Indicators

	CEBZ.DE	5HEU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.41%	-18.20%	+1.79%
Max Drawdown (1Y) Largest decline over 1 year	-12.49%	-10.53%	-1.96%
Current Drawdown Current decline from peak	-5.44%	-4.91%	-0.53%
Average Drawdown Average peak-to-trough decline	-2.07%	-6.21%	+4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	3.29%	-0.67%

Volatility

CEBZ.DE vs. 5HEU.DE - Volatility Comparison

iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) has a higher volatility of 5.71% compared to Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.DE) at 0.00%. This indicates that CEBZ.DE's price experiences larger fluctuations and is considered to be riskier than 5HEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEBZ.DE	5HEU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	0.00%	+5.71%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	4.42%	+4.78%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	11.95%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.48%	12.93%	+0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.48%	12.93%	+0.55%