CEBZ.DE vs. EHF1.DE
CEBZ.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds - CEBZ.DE tracks the MSCI Europe Index while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past year, CEBZ.DE returned 16.09% vs 13.10% for EHF1.DE. A 0.77 correlation means they provide meaningful diversification when combined. CEBZ.DE charges 0.12%/yr vs 0.23%/yr for EHF1.DE.
Performance
CEBZ.DE vs. EHF1.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 EHF1.DE's 5.17% return.
CEBZ.DE
- 1D
- 0.58%
- 1M
- 3.21%
- YTD
- 7.37%
- 6M
- 9.72%
- 1Y
- 16.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EHF1.DE
- 1D
- 0.61%
- 1M
- -0.73%
- YTD
- 5.17%
- 6M
- 6.71%
- 1Y
- 13.10%
- 3Y*
- 14.05%
- 5Y*
- 11.31%
- 10Y*
- —
CEBZ.DE vs. EHF1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEBZ.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.37% | 20.45% | 1.33% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 5.17% | 19.17% | 6.42% |
Correlation
The correlation between CEBZ.DE and EHF1.DE is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.77 |
The correlation between CEBZ.DE and EHF1.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
CEBZ.DE vs. EHF1.DE — Risk / Return Rank
CEBZ.DE
EHF1.DE
CEBZ.DE vs. EHF1.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 MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.09 | -0.42 |
| Martin ratioReturn relative to average drawdown | 6.29 | 5.91 | +0.38 |
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 | EHF1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.31 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.58 | +0.36 |
Drawdowns
CEBZ.DE vs. EHF1.DE - Drawdown Comparison
The maximum CEBZ.DE drawdown since its inception was -16.41%, smaller than the maximum EHF1.DE drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for CEBZ.DE and EHF1.DE.
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Drawdown Indicators
| CEBZ.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.41% | -38.13% | +21.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -6.24% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.64% | — |
Current DrawdownCurrent decline from peak | -1.61% | -4.13% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -4.65% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.21% | +0.34% |
Volatility
CEBZ.DE vs. EHF1.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) has a higher volatility of 4.49% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.69%. This indicates that CEBZ.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 3.69% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 7.94% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 9.92% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 12.28% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 15.39% | -1.57% |
CEBZ.DE vs. EHF1.DE - Expense Ratio Comparison
CEBZ.DE has a 0.12% expense ratio, which is lower than EHF1.DE's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CEBZ.DE vs. EHF1.DE - Dividend Comparison
Neither CEBZ.DE nor EHF1.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBZ.DE and EHF1.DE have a correlation of 0.70, 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 0.23% for EHF1.DE.
CEBZ.DE tracks MSCI Europe Index, while EHF1.DE tracks MSCI Europe High Dividend Yield. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for CEBZ.DE and 0.23% for EHF1.DE.
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