CEUG.DE vs. B41J.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and B41J.DE (Global X European Infrastructure Development UCITS ETF EUR Accumulating) are both Europe Equities funds - CEUG.DE tracks the MSCI Europe NR EUR while B41J.DE tracks the Mirae Asset European Infrastructure Development Index. Both are passively managed. Over the past year, CEUG.DE returned 16.71% vs 8.84% for B41J.DE. A 0.70 correlation means they provide meaningful diversification when combined. CEUG.DE charges 0.12%/yr vs 0.47%/yr for B41J.DE.
Performance
CEUG.DE vs. B41J.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CEUG.DE having a 7.45% return and B41J.DE slightly lower at 7.25%.
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%
B41J.DE
- 1D
- 0.02%
- 1M
- -0.79%
- YTD
- 7.25%
- 6M
- 8.32%
- 1Y
- 8.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEUG.DE vs. B41J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 7.45% | 19.02% | -0.90% |
B41J.DE Global X European Infrastructure Development UCITS ETF EUR Accumulating | 7.25% | 27.74% | -2.48% |
Correlation
The correlation between CEUG.DE and B41J.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.70 |
The correlation between CEUG.DE and B41J.DE has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.
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Return for Risk
CEUG.DE vs. B41J.DE — Risk / Return Rank
CEUG.DE
B41J.DE
CEUG.DE vs. B41J.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 Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.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 | B41J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.11 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.94 | +0.71 |
| Martin ratioReturn relative to average drawdown | 6.05 | 2.70 | +3.35 |
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 | B41J.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.58 | +0.66 |
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 | 1.12 | -0.60 |
Drawdowns
CEUG.DE vs. B41J.DE - Drawdown Comparison
The maximum CEUG.DE drawdown since its inception was -35.67%, which is greater than B41J.DE's maximum drawdown of -12.00%. Use the drawdown chart below to compare losses from any high point for CEUG.DE and B41J.DE.
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Drawdown Indicators
| CEUG.DE | B41J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -12.00% | -23.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -9.34% | -0.71% |
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% | -4.55% | +2.99% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -2.45% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.24% | -0.48% |
Volatility
CEUG.DE vs. B41J.DE - Volatility Comparison
The current volatility for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) is 4.42%, while Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) has a volatility of 4.95%. This indicates that CEUG.DE experiences smaller price fluctuations and is considered to be less risky than B41J.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEUG.DE | B41J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.95% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 12.73% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 15.27% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 16.11% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 16.11% | -0.49% |
CEUG.DE vs. B41J.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% expense ratio, which is lower than B41J.DE's 0.47% expense ratio.
Dividends
CEUG.DE vs. B41J.DE - Dividend Comparison
Neither CEUG.DE nor B41J.DE has paid dividends to shareholders.
Frequently Asked Questions
CEUG.DE and B41J.DE have a correlation of 0.71, 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 0.47% for B41J.DE.
CEUG.DE tracks MSCI Europe NR EUR, while B41J.DE tracks Mirae Asset European Infrastructure Development Index. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.12% for CEUG.DE and 0.47% for B41J.DE.
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