CEUG.DE vs. S6X0.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and S6X0.DE (Invesco EURO STOXX 50 UCITS ETF Dist) are both Europe Equities funds - CEUG.DE tracks the MSCI Europe NR EUR while S6X0.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 10 years, CEUG.DE returned 8.85%/yr vs 10.39%/yr for S6X0.DE. A 0.62 correlation means they provide meaningful diversification when combined. CEUG.DE charges 0.12%/yr vs 0.05%/yr for S6X0.DE.
Performance
CEUG.DE vs. S6X0.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 S6X0.DE slightly lower at 7.30%. Over the past 10 years, CEUG.DE has underperformed S6X0.DE with an annualized return of 8.85%, while S6X0.DE has yielded a comparatively higher 10.39% 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%
S6X0.DE
- 1D
- 0.75%
- 1M
- 4.75%
- YTD
- 7.30%
- 6M
- 8.74%
- 1Y
- 15.70%
- 3Y*
- 15.53%
- 5Y*
- 11.36%
- 10Y*
- 10.39%
CEUG.DE vs. S6X0.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% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 7.30% | 22.02% | 10.94% | 22.42% | -8.98% | 23.10% | -3.21% | 30.30% | -13.84% | 12.57% |
Correlation
The correlation between CEUG.DE and S6X0.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2010 | 0.62 |
Over the past year, CEUG.DE and S6X0.DE have become more correlated (0.94) than their long-term average of 0.62, meaning their price movements have been converging.
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Return for Risk
CEUG.DE vs. S6X0.DE — Risk / Return Rank
CEUG.DE
S6X0.DE
CEUG.DE vs. S6X0.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 Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.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 | S6X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.44 | +0.22 |
| Martin ratioReturn relative to average drawdown | 6.05 | 4.89 | +1.16 |
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 | S6X0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.98 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.65 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.63 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.51 | +0.01 |
Drawdowns
CEUG.DE vs. S6X0.DE - Drawdown Comparison
The maximum CEUG.DE drawdown since its inception was -35.67%, smaller than the maximum S6X0.DE drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for CEUG.DE and S6X0.DE.
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Drawdown Indicators
| CEUG.DE | S6X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -38.54% | +2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -10.88% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -16.56% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -23.41% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | -38.54% | +2.87% |
Current DrawdownCurrent decline from peak | -1.56% | -0.51% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -6.82% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.21% | -0.45% |
Volatility
CEUG.DE vs. S6X0.DE - Volatility Comparison
The current volatility for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) is 4.42%, while Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.DE) has a volatility of 4.96%. This indicates that CEUG.DE experiences smaller price fluctuations and is considered to be less risky than S6X0.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 | S6X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.96% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 12.92% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 15.93% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 17.56% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 20.60% | -4.98% |
CEUG.DE vs. S6X0.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% expense ratio, which is higher than S6X0.DE's 0.05% expense ratio. However, 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. S6X0.DE - Dividend Comparison
CEUG.DE has not paid dividends to shareholders, while S6X0.DE's dividend yield for the trailing twelve months is around 2.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 2.78% | 2.99% | 3.38% | 3.17% | 3.10% | 2.47% | 2.53% | 3.48% | 3.69% | 2.92% | 3.18% | 3.05% |
Frequently Asked Questions
With a correlation of 0.94, CEUG.DE and S6X0.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, S6X0.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S6X0.DE is cheaper with a 0.05% expense ratio, compared with 0.12% for CEUG.DE.
CEUG.DE tracks MSCI Europe NR EUR, while S6X0.DE tracks EURO STOXX 50. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.12% for CEUG.DE and 0.05% for S6X0.DE.
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