CEUG.DE vs. 5HEU.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and 5HEU.DE (Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)) are both Europe Equities funds - CEUG.DE tracks the MSCI Europe NR EUR while 5HEU.DE tracks the Ossiam ESG Shiller Barclays CAPE® Europe Sector. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. CEUG.DE charges 0.12%/yr vs 0.75%/yr for 5HEU.DE.
Performance
CEUG.DE vs. 5HEU.DE - Performance Comparison
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Returns By Period
CEUG.DE
- 1D
- 0.60%
- 1M
- 3.72%
- YTD
- 7.45%
- 6M
- 10.20%
- 1Y
- 16.71%
- 3Y*
- 13.62%
- 5Y*
- 9.35%
- 10Y*
- 8.85%
5HEU.DE
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEUG.DE vs. 5HEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 7.45% | 19.02% | 9.58% | 15.40% | -8.33% |
5HEU.DE Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) | 0.00% | 4.88% | -2.91% | 6.26% | -6.49% |
Correlation
The correlation between CEUG.DE and 5HEU.DE 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.76 |
Over the past year, the correlation between CEUG.DE and 5HEU.DE has dropped to 0.45 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
CEUG.DE vs. 5HEU.DE — Risk / Return Rank
CEUG.DE
5HEU.DE
CEUG.DE vs. 5HEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) and Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.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.
| CEUG.DE | 5HEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | — | — |
| Martin ratioReturn relative to average drawdown | 6.05 | — | — |
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
| CEUG.DE | 5HEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | — | — |
Drawdowns
CEUG.DE vs. 5HEU.DE - Drawdown Comparison
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Drawdown Indicators
| CEUG.DE | 5HEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | — | — |
Average DrawdownAverage peak-to-trough decline | -5.57% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | — | — |
Volatility
CEUG.DE vs. 5HEU.DE - Volatility Comparison
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Volatility by Period
| CEUG.DE | 5HEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | — | — |
CEUG.DE vs. 5HEU.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% expense ratio, which is lower than 5HEU.DE's 0.75% expense ratio.
Dividends
CEUG.DE vs. 5HEU.DE - Dividend Comparison
Neither CEUG.DE nor 5HEU.DE has paid dividends to shareholders.
Frequently Asked Questions
CEUG.DE and 5HEU.DE 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, CEUG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEUG.DE is cheaper with a 0.12% expense ratio, compared with 0.75% for 5HEU.DE.
CEUG.DE tracks MSCI Europe NR EUR, while 5HEU.DE tracks Ossiam ESG Shiller Barclays CAPE® Europe Sector. They also come from different issuers: Amundi and Natixis. Their fees differ too: 0.12% for CEUG.DE and 0.75% for 5HEU.DE.
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