CEUG.DE vs. FTGE.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - CEUG.DE tracks the MSCI Europe NR EUR while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past 5 years, CEUG.DE returned 9.35%/yr vs 11.59%/yr for FTGE.DE. Their correlation of 0.86 suggests significant overlap in exposure. CEUG.DE charges 0.12%/yr vs 0.65%/yr for FTGE.DE.
Performance
CEUG.DE vs. FTGE.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 FTGE.DE's 13.73% 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%
FTGE.DE
- 1D
- 0.51%
- 1M
- 3.08%
- YTD
- 13.73%
- 6M
- 16.86%
- 1Y
- 30.85%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
CEUG.DE vs. FTGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 7.45% | 19.02% | 9.58% | 15.40% | -11.56% | 25.11% | 17.63% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 24.16% |
Correlation
The correlation between CEUG.DE and FTGE.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.86 |
The correlation between CEUG.DE and FTGE.DE has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
CEUG.DE vs. FTGE.DE — Risk / Return Rank
CEUG.DE
FTGE.DE
CEUG.DE vs. FTGE.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 First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.27 | -1.62 |
| Martin ratioReturn relative to average drawdown | 6.05 | 12.30 | -6.25 |
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 | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.16 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.65 | -0.01 |
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 | 0.88 | -0.36 |
Drawdowns
CEUG.DE vs. FTGE.DE - Drawdown Comparison
The maximum CEUG.DE drawdown since its inception was -35.67%, which is greater than FTGE.DE's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for CEUG.DE and FTGE.DE.
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Drawdown Indicators
| CEUG.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -26.63% | -9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -9.38% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -16.12% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -26.63% | +5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | 0.00% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -5.40% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.50% | +0.26% |
Volatility
CEUG.DE vs. FTGE.DE - Volatility Comparison
iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) has a higher volatility of 4.42% compared to First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) at 3.83%. This indicates that CEUG.DE's price experiences larger fluctuations and is considered to be riskier than FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 3.83% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 11.63% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 14.23% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 17.58% | -3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 18.41% | -2.79% |
CEUG.DE vs. FTGE.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
CEUG.DE vs. FTGE.DE - Dividend Comparison
Neither CEUG.DE nor FTGE.DE has paid dividends to shareholders.
Frequently Asked Questions
CEUG.DE and FTGE.DE have a correlation of 0.84, 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 FTGE.DE.
CEUG.DE tracks MSCI Europe NR EUR, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: Amundi and First Trust. Their fees differ too: 0.12% for CEUG.DE and 0.65% for FTGE.DE.
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