CEUG.DE vs. EHF1.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds from Amundi - CEUG.DE tracks the MSCI Europe NR EUR while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 5 years, CEUG.DE returned 9.35%/yr vs 11.31%/yr for EHF1.DE. A 0.76 correlation means they provide meaningful diversification when combined. CEUG.DE charges 0.12%/yr vs 0.23%/yr for EHF1.DE.
Performance
CEUG.DE vs. EHF1.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 higher than EHF1.DE's 5.17% 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%
EHF1.DE
- 1D
- 0.61%
- 1M
- -0.73%
- YTD
- 5.17%
- 6M
- 6.71%
- 1Y
- 13.10%
- 3Y*
- 14.05%
- 5Y*
- 11.31%
- 10Y*
- —
CEUG.DE vs. EHF1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -10.55% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 5.17% | 19.17% | 9.83% | 14.12% | 1.04% | 18.25% | -9.78% | 24.88% | -2.98% |
Correlation
The correlation between CEUG.DE and EHF1.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 (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018 | 0.76 |
The correlation between CEUG.DE and EHF1.DE shifts across timeframes, from 0.71 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CEUG.DE vs. EHF1.DE — Risk / Return Rank
CEUG.DE
EHF1.DE
CEUG.DE vs. EHF1.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 Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.09 | -0.44 |
| Martin ratioReturn relative to average drawdown | 6.05 | 5.91 | +0.13 |
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 | EHF1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.31 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.91 | -0.27 |
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 | 0.58 | -0.06 |
Drawdowns
CEUG.DE vs. EHF1.DE - Drawdown Comparison
The maximum CEUG.DE drawdown since its inception was -35.67%, smaller than the maximum EHF1.DE drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for CEUG.DE and EHF1.DE.
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Drawdown Indicators
| CEUG.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -38.13% | +2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -6.24% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -12.89% | -3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -15.64% | -5.40% |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -4.13% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -4.65% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.21% | +0.55% |
Volatility
CEUG.DE vs. EHF1.DE - Volatility Comparison
iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) has a higher volatility of 4.42% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.69%. This indicates that CEUG.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 3.69% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 7.94% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 9.92% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 12.28% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 15.39% | +0.23% |
CEUG.DE vs. EHF1.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% expense ratio, which is lower than EHF1.DE's 0.23% 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. EHF1.DE - Dividend Comparison
Neither CEUG.DE nor EHF1.DE has paid dividends to shareholders.
Frequently Asked Questions
CEUG.DE and EHF1.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 0.23% for EHF1.DE.
CEUG.DE tracks MSCI Europe NR EUR, while EHF1.DE tracks MSCI Europe High Dividend Yield. Their fees differ too: 0.12% for CEUG.DE and 0.23% for EHF1.DE.
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