CEUG.DE vs. EUPA.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and EUPA.DE (Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD)) are both Europe Equities funds - CEUG.DE tracks the MSCI Europe NR EUR while EUPA.DE tracks the Shiller Barclays CAPE® Global Sector. Both are passively managed. Over the past 3 years, CEUG.DE returned 13.62%/yr vs 17.95%/yr for EUPA.DE. A 0.70 correlation means they provide meaningful diversification when combined. CEUG.DE charges 0.12%/yr vs 0.65%/yr for EUPA.DE.
Performance
CEUG.DE vs. EUPA.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 EUPA.DE's 8.36% 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%
EUPA.DE
- 1D
- 0.63%
- 1M
- 0.54%
- YTD
- 8.36%
- 6M
- 9.94%
- 1Y
- 17.10%
- 3Y*
- 17.95%
- 5Y*
- —
- 10Y*
- —
CEUG.DE vs. EUPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 7.45% | 19.02% | 9.58% | 6.65% |
EUPA.DE Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) | 8.36% | 18.38% | 13.54% | 11.13% |
Correlation
The correlation between CEUG.DE and EUPA.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.70 |
The correlation between CEUG.DE and EUPA.DE has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
CEUG.DE vs. EUPA.DE — Risk / Return Rank
CEUG.DE
EUPA.DE
CEUG.DE vs. EUPA.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 Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.02 | -0.36 |
| Martin ratioReturn relative to average drawdown | 6.05 | 7.49 | -1.44 |
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 | EUPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.57 | -0.33 |
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 | 1.30 | -0.78 |
Drawdowns
CEUG.DE vs. EUPA.DE - Drawdown Comparison
The maximum CEUG.DE drawdown since its inception was -35.67%, which is greater than EUPA.DE's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for CEUG.DE and EUPA.DE.
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Drawdown Indicators
| CEUG.DE | EUPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -10.28% | -25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -8.44% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -10.28% | -6.39% |
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% | -2.77% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -1.91% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.28% | +0.48% |
Volatility
CEUG.DE vs. EUPA.DE - Volatility Comparison
iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) has a higher volatility of 4.42% compared to Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.DE) at 3.63%. This indicates that CEUG.DE's price experiences larger fluctuations and is considered to be riskier than EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 3.63% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 9.03% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 10.84% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 12.40% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 12.40% | +3.22% |
CEUG.DE vs. EUPA.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% expense ratio, which is lower than EUPA.DE's 0.65% expense ratio.
Dividends
CEUG.DE vs. EUPA.DE - Dividend Comparison
Neither CEUG.DE nor EUPA.DE has paid dividends to shareholders.
Frequently Asked Questions
CEUG.DE and EUPA.DE have a correlation of 0.67, 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 0.65% for EUPA.DE.
CEUG.DE tracks MSCI Europe NR EUR, while EUPA.DE tracks Shiller Barclays CAPE® Global Sector. They also come from different issuers: Amundi and Franklin Templeton. Their fees differ too: 0.12% for CEUG.DE and 0.65% for EUPA.DE.
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