CEMU.AS vs. XYP1.DE
CEMU.AS (iShares Core MSCI EMU UCITS ETF EUR (Acc)) and XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) are both exchange-traded funds - CEMU.AS is a Europe Equities fund tracking the MSCI EMU NR EUR, while XYP1.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. Both are passively managed. Over the past 10 years, CEMU.AS returned 10.03%/yr vs 0.56%/yr for XYP1.DE. At a 0.17 correlation, their price movements are largely independent. CEMU.AS charges 0.12%/yr vs 0.15%/yr for XYP1.DE.
Performance
CEMU.AS vs. XYP1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMU.AS achieves a 8.68% return, which is significantly higher than XYP1.DE's -0.03% return. Over the past 10 years, CEMU.AS has outperformed XYP1.DE with an annualized return of 10.03%, while XYP1.DE has yielded a comparatively lower 0.56% annualized return.
CEMU.AS
- 1D
- 0.60%
- 1M
- 3.80%
- YTD
- 8.68%
- 6M
- 10.52%
- 1Y
- 17.45%
- 3Y*
- 16.12%
- 5Y*
- 10.62%
- 10Y*
- 10.03%
XYP1.DE
- 1D
- 0.03%
- 1M
- 0.01%
- YTD
- -0.03%
- 6M
- 0.19%
- 1Y
- 0.84%
- 3Y*
- 2.81%
- 5Y*
- 0.84%
- 10Y*
- 0.56%
CEMU.AS vs. XYP1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc) | 8.68% | 24.42% | 10.08% | 18.65% | -11.71% | 23.11% | -0.54% | 25.09% | -11.82% | 12.65% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | -0.03% | 2.36% | 3.44% | 3.76% | -4.63% | -0.71% | 0.54% | 1.24% | -0.04% | -0.30% |
Correlation
The correlation between CEMU.AS and XYP1.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.17 |
The correlation between CEMU.AS and XYP1.DE shifts across timeframes, from 0.12 (5 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEMU.AS vs. XYP1.DE — Risk / Return Rank
CEMU.AS
XYP1.DE
CEMU.AS vs. XYP1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) and Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.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.
| CEMU.AS | XYP1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.12 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.60 | +1.15 |
| Martin ratioReturn relative to average drawdown | 6.36 | 1.87 | +4.49 |
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
| CEMU.AS | XYP1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.61 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.47 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.27 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.45 | +0.04 |
Drawdowns
CEMU.AS vs. XYP1.DE - Drawdown Comparison
The maximum CEMU.AS drawdown since its inception was -38.38%, which is greater than XYP1.DE's maximum drawdown of -5.77%. Use the drawdown chart below to compare losses from any high point for CEMU.AS and XYP1.DE.
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Drawdown Indicators
| CEMU.AS | XYP1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.38% | -5.77% | -32.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -1.39% | -8.78% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -1.39% | -14.01% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -5.53% | -18.98% |
Max Drawdown (10Y)Largest decline over 10 years | -38.38% | -5.77% | -32.61% |
Current DrawdownCurrent decline from peak | -0.56% | -0.68% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -0.92% | -5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 0.45% | +2.34% |
Volatility
CEMU.AS vs. XYP1.DE - Volatility Comparison
iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) has a higher volatility of 4.60% compared to Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) at 0.48%. This indicates that CEMU.AS's price experiences larger fluctuations and is considered to be riskier than XYP1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMU.AS | XYP1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 0.48% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 1.26% | +10.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.49% | 1.37% | +13.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 1.75% | +14.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 2.01% | +15.07% |
CEMU.AS vs. XYP1.DE - Expense Ratio Comparison
CEMU.AS has a 0.12% expense ratio, which is lower than XYP1.DE's 0.15% 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
CEMU.AS vs. XYP1.DE - Dividend Comparison
Neither CEMU.AS nor XYP1.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMU.AS and XYP1.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMU.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMU.AS is cheaper with a 0.12% expense ratio, compared with 0.15% for XYP1.DE.
CEMU.AS is categorized as Europe Equities, while XYP1.DE is European Government Bonds. CEMU.AS tracks MSCI EMU NR EUR, while XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for CEMU.AS and 0.15% for XYP1.DE.
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