CEMF.DE vs. VUDY.DE

Last updated Jun 5, 2026

CEMF.DE (iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc) and VUDY.DE (Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing) are both Government Bonds funds - CEMF.DE tracks the ICE US Treasury 7-10 Year (EUR Hedged) Index while VUDY.DE tracks the Bloomberg US Treasury 1-3 Year Index. Both are passively managed. At a correlation of -0.27, they often move in opposite directions. CEMF.DE charges 0.10%/yr vs 0.05%/yr for VUDY.DE.

Performance

CEMF.DE vs. VUDY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.DE) and Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing (VUDY.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEMF.DE achieves a -1.42% return, which is significantly lower than VUDY.DE's 1.50% return.

CEMF.DE

• 1D: 0.28%
• 1M: 0.27%
• YTD: -1.42%
• 6M: -0.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VUDY.DE

• 1D: -0.04%
• 1M: 1.00%
• YTD: 1.50%
• 6M: 1.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CEMF.DE vs. VUDY.DE - Yearly Performance Comparison

	2026 (YTD)	2025
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc	-1.42%	0.57%
VUDY.DE Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing	1.50%	-1.34%

Correlation

The correlation between CEMF.DE and VUDY.DE is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	-0.27

Return for Risk

CEMF.DE vs. VUDY.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.DE) and Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing (VUDY.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CEMF.DE vs. VUDY.DE - Drawdown Comparison

The maximum CEMF.DE drawdown since its inception was -4.45%, which is greater than VUDY.DE's maximum drawdown of -3.65%. Use the drawdown chart below to compare losses from any high point for CEMF.DE and VUDY.DE.

Drawdown Indicators

	CEMF.DE	VUDY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-4.45%	-3.65%	-0.80%
Current Drawdown Current decline from peak	-2.97%	-1.43%	-1.54%
Average Drawdown Average peak-to-trough decline	-1.19%	-1.51%	+0.32%

Volatility

Volatility by Period

	CEMF.DE	VUDY.DE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.63%	5.19%	-0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	5.19%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.63%	5.19%	-0.56%

CEMF.DE vs. VUDY.DE - Expense Ratio Comparison

CEMF.DE has a 0.10% expense ratio, which is higher than VUDY.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CEMF.DE vs. VUDY.DE - Dividend Comparison

CEMF.DE has not paid dividends to shareholders, while VUDY.DE's dividend yield for the trailing twelve months is around 1.63%.

Position	TTM	2025
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc	0.00%	0.00%
VUDY.DE Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing	1.63%	0.37%

Frequently Asked Questions

Can I hold both CEMF.DE and VUDY.DE in my portfolio?

CEMF.DE and VUDY.DE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CEMF.DE or VUDY.DE?

On fees, VUDY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CEMF.DE or VUDY.DE?

VUDY.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for CEMF.DE.

What is the main difference between CEMF.DE and VUDY.DE?

CEMF.DE tracks ICE US Treasury 7-10 Year (EUR Hedged) Index, while VUDY.DE tracks Bloomberg US Treasury 1-3 Year Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.10% for CEMF.DE and 0.05% for VUDY.DE.