CEBZ.DE vs. FTGE.DE
CEBZ.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - CEBZ.DE tracks the MSCI Europe Index while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past year, CEBZ.DE returned 16.09% vs 30.85% for FTGE.DE. A 0.79 correlation means they provide meaningful diversification when combined. CEBZ.DE charges 0.12%/yr vs 0.65%/yr for FTGE.DE.
Performance
CEBZ.DE vs. FTGE.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 lower than FTGE.DE's 13.73% return.
CEBZ.DE
- 1D
- 0.58%
- 1M
- 3.21%
- YTD
- 7.37%
- 6M
- 9.72%
- 1Y
- 16.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTGE.DE
- 1D
- 0.51%
- 1M
- 3.08%
- YTD
- 13.73%
- 6M
- 16.86%
- 1Y
- 30.85%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
CEBZ.DE vs. FTGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEBZ.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.37% | 20.45% | 1.33% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 3.68% |
Correlation
The correlation between CEBZ.DE and FTGE.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.79 |
The correlation between CEBZ.DE and FTGE.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
CEBZ.DE vs. FTGE.DE — Risk / Return Rank
CEBZ.DE
FTGE.DE
CEBZ.DE vs. FTGE.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 First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.27 | -1.60 |
| Martin ratioReturn relative to average drawdown | 6.29 | 12.30 | -6.01 |
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 | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.16 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.88 | +0.06 |
Drawdowns
CEBZ.DE vs. FTGE.DE - Drawdown Comparison
The maximum CEBZ.DE drawdown since its inception was -16.41%, smaller than the maximum FTGE.DE drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for CEBZ.DE and FTGE.DE.
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Drawdown Indicators
| CEBZ.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.41% | -26.63% | +10.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -9.38% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -1.61% | 0.00% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -5.40% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.50% | +0.05% |
Volatility
CEBZ.DE vs. FTGE.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) has a higher volatility of 4.49% compared to First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) at 3.83%. This indicates that CEBZ.DE's price experiences larger fluctuations and is considered to be riskier than FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 3.83% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 11.63% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 14.23% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 17.58% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 18.41% | -4.59% |
CEBZ.DE vs. FTGE.DE - Expense Ratio Comparison
CEBZ.DE has a 0.12% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
CEBZ.DE vs. FTGE.DE - Dividend Comparison
Neither CEBZ.DE nor FTGE.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBZ.DE and FTGE.DE have a correlation of 0.84, 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 0.65% for FTGE.DE.
CEBZ.DE tracks MSCI Europe Index, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.12% for CEBZ.DE and 0.65% for FTGE.DE.
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