CEUG.DE vs. D5BL.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds - CEUG.DE tracks the MSCI Europe NR EUR while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, CEUG.DE returned 8.85%/yr vs 10.77%/yr for D5BL.DE. Their correlation of 0.90 suggests significant overlap in exposure. CEUG.DE charges 0.12%/yr vs 0.15%/yr for D5BL.DE.
Performance
CEUG.DE vs. D5BL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEUG.DE achieves a 7.45% return, which is significantly lower than D5BL.DE's 13.85% return. Over the past 10 years, CEUG.DE has underperformed D5BL.DE with an annualized return of 8.85%, while D5BL.DE has yielded a comparatively higher 10.77% annualized return.
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%
D5BL.DE
- 1D
- -0.38%
- 1M
- 4.90%
- YTD
- 13.85%
- 6M
- 17.13%
- 1Y
- 33.04%
- 3Y*
- 21.76%
- 5Y*
- 14.60%
- 10Y*
- 10.77%
CEUG.DE vs. D5BL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 7.45% | 19.02% | 9.58% | 15.40% | -11.56% | 25.11% | -3.26% | 27.70% | -10.95% | 10.55% |
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 13.85% | 35.78% | 10.37% | 14.14% | -4.63% | 26.83% | -8.58% | 22.90% | -13.98% | 9.78% |
Correlation
The correlation between CEUG.DE and D5BL.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 20, 2010 | 0.90 |
The correlation between CEUG.DE and D5BL.DE has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
CEUG.DE vs. D5BL.DE — Risk / Return Rank
CEUG.DE
D5BL.DE
CEUG.DE vs. D5BL.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 Xtrackers MSCI Europe Value UCITS ETF (D5BL.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 | D5BL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.42 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.28 | -1.63 |
| Martin ratioReturn relative to average drawdown | 6.05 | 12.52 | -6.47 |
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 | D5BL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.28 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.93 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.60 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.48 | +0.04 |
Drawdowns
CEUG.DE vs. D5BL.DE - Drawdown Comparison
The maximum CEUG.DE drawdown since its inception was -35.67%, smaller than the maximum D5BL.DE drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for CEUG.DE and D5BL.DE.
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Drawdown Indicators
| CEUG.DE | D5BL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -40.40% | +4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -10.02% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -17.36% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -19.58% | -1.46% |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | -40.40% | +4.73% |
Current DrawdownCurrent decline from peak | -1.56% | -1.22% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -7.23% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.63% | +0.13% |
Volatility
CEUG.DE vs. D5BL.DE - Volatility Comparison
The current volatility for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) is 4.42%, while Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) has a volatility of 4.83%. This indicates that CEUG.DE experiences smaller price fluctuations and is considered to be less risky than D5BL.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 | D5BL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.83% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 11.54% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 14.44% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 15.59% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 17.76% | -2.14% |
CEUG.DE vs. D5BL.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% expense ratio, which is lower than D5BL.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
CEUG.DE vs. D5BL.DE - Dividend Comparison
Neither CEUG.DE nor D5BL.DE has paid dividends to shareholders.
Frequently Asked Questions
CEUG.DE and D5BL.DE have a correlation of 0.86, 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 0.15% for D5BL.DE.
CEUG.DE tracks MSCI Europe NR EUR, while D5BL.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.12% for CEUG.DE and 0.15% for D5BL.DE.
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