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CEU1.L vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEU1.L vs. VOO

Last updated Jun 5, 2026

CEU1.L (iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - CEU1.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CEU1.L returned 11.08%/yr vs 16.37%/yr for VOO. At a 0.43 correlation, their price movements are largely independent. CEU1.L charges 0.12%/yr vs 0.03%/yr for VOO.

Performance

CEU1.L vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.L) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CEU1.L is traded in GBp, while VOO is traded in USD. To make them comparable, the VOO values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CEU1.L achieves a 7.95% return, which is significantly lower than VOO's 11.32% return. Over the past 10 years, CEU1.L has underperformed VOO with an annualized return of 11.08%, while VOO has yielded a comparatively higher 16.37% annualized return.

CEU1.L

1D
0.41%
1M
4.87%
YTD
7.95%
6M
9.61%
1Y
21.06%
3Y*
16.19%
5Y*
10.72%
10Y*
11.08%

VOO

1D
0.00%
1M
5.14%
YTD
11.32%
6M
10.03%
1Y
29.32%
3Y*
19.43%
5Y*
15.12%
10Y*
16.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEU1.L vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CEU1.L
iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)		7.95%30.63%4.62%16.50%-6.40%14.38%5.24%19.34%-11.60%17.38%
VOO
Vanguard S&P 500 ETF		11.79%9.43%27.16%20.01%-8.44%30.01%14.85%26.37%1.16%11.24%

Correlation

The correlation between CEU1.L and VOO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Jun 8, 2011

0.43

The correlation between CEU1.L and VOO shifts across timeframes, from 0.33 (3 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.

CEU1.L vs. VOO - Sectors Allocation Comparison

Sectors
CEU1.L
VOO

Financial Services

24.0%
11.6%

Industrials

21.0%
8.3%

Technology

15.9%
35.7%

Consumer Cyclical

8.4%
10.2%

Utilities

6.4%
2.4%

Healthcare

5.6%
8.5%

Consumer Defensive

5.6%
4.9%

Communication Services

4.3%
11.3%

Basic Materials

4.0%
1.8%

Energy

3.9%
3.5%

Real Estate

0.9%
1.9%

Financial Services

CEU1.L
24.0%
VOO
11.6%

Industrials

CEU1.L
21.0%
VOO
8.3%

Technology

CEU1.L
15.9%
VOO
35.7%

Consumer Cyclical

CEU1.L
8.4%
VOO
10.2%

Utilities

CEU1.L
6.4%
VOO
2.4%

Healthcare

CEU1.L
5.6%
VOO
8.5%

Consumer Defensive

CEU1.L
5.6%
VOO
4.9%

Communication Services

CEU1.L
4.3%
VOO
11.3%

Basic Materials

CEU1.L
4.0%
VOO
1.8%

Energy

CEU1.L
3.9%
VOO
3.5%

Real Estate

CEU1.L
0.9%
VOO
1.9%

Compare stocks, funds, or ETFs

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iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)

Vanguard S&P 500 ETF

Often compared with CEU1.L:
CEU1.L vs. WLDL.LCEU1.L vs. CS51.LCEU1.L vs. EIMI.LCEU1.L vs. VUKG.LCEU1.L vs. IEFV.LCEU1.L vs. SCHDCEU1.L vs. EEM
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV

Return for Risk

CEU1.L vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEU1.L
CEU1.L Risk / Return Rank: 4343
Overall Rank
CEU1.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
CEU1.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
CEU1.L Omega Ratio Rank: 4646
Omega Ratio Rank
CEU1.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
CEU1.L Martin Ratio Rank: 4343
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 7474
Overall Rank
VOO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 7575
Sortino Ratio Rank
VOO Omega Ratio Rank: 7575
Omega Ratio Rank
VOO Calmar Ratio Rank: 6666
Calmar Ratio Rank
VOO Martin Ratio Rank: 7878
Martin Ratio Rank
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.

CEU1.L vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.L) and Vanguard S&P 500 ETF (VOO). 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.

CEU1.LVOODifference
Sharpe ratioReturn per unit of total volatility
1.51
2.57

-1.06

Sortino ratioReturn per unit of downside risk
2.20
3.34

-1.14

Omega ratioGain probability vs. loss probability

1.29

1.48

-0.20

Calmar ratioReturn relative to maximum drawdown

1.92

3.84

-1.93

Martin ratioReturn relative to average drawdown

6.78

14.73

-7.95

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEU1.L vs. VOO - Sharpe Ratio Comparison

The current CEU1.L Sharpe Ratio is 1.51, which is lower than the VOO Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of CEU1.L and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CEU1.LVOODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.51

2.57

-1.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.96

-0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.91

-0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.95

-0.44

Drawdowns

CEU1.L vs. VOO - Drawdown Comparison

The maximum CEU1.L drawdown since its inception was -31.47%, which is greater than VOO's maximum drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for CEU1.L and VOO.

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Drawdown Indicators

CEU1.LVOODifference

Max Drawdown

Largest peak-to-trough decline

-31.47%

-26.09%

-5.38%

Max Drawdown (1Y)

Largest decline over 1 year

-10.93%

-7.66%

-3.27%

Max Drawdown (3Y)

Largest decline over 3 years

-13.04%

-21.93%

+8.89%

Max Drawdown (5Y)

Largest decline over 5 years

-21.68%

-21.93%

+0.25%

Max Drawdown (10Y)

Largest decline over 10 years

-31.39%

-26.09%

-5.30%

Current Drawdown

Current decline from peak

-0.10%

-0.44%

+0.34%

Average Drawdown

Average peak-to-trough decline

-5.28%

-3.30%

-1.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

2.00%

+1.10%

Volatility

CEU1.L vs. VOO - Volatility Comparison

iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.L) has a higher volatility of 4.55% compared to Vanguard S&P 500 ETF (VOO) at 2.68%. This indicates that CEU1.L's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CEU1.LVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

2.68%

+1.87%

Volatility (6M)

Calculated over the trailing 6-month period

11.48%

8.17%

+3.31%

Volatility (1Y)

Calculated over the trailing 1-year period

13.89%

11.46%

+2.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

15.77%

+0.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.77%

18.10%

-1.33%

CEU1.L vs. VOO - Expense Ratio Comparison

CEU1.L has a 0.12% expense ratio, which is higher than VOO's 0.03% 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

CEU1.L vs. VOO - Dividend Comparison

CEU1.L has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.02%.

PositionTTM20252024202320222021202020192018201720162015
CEU1.L
iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF		1.02%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

CEU1.L and VOO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VOO is cheaper with a 0.03% expense ratio, compared with 0.12% for CEU1.L.

CEU1.L is categorized as Europe Equities, while VOO is S&P 500. CEU1.L tracks MSCI EMU NR EUR, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for CEU1.L and 0.03% for VOO.

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