CEUG.L vs. IBTM.L
CEUG.L (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) are both exchange-traded funds - CEUG.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while IBTM.L is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 5 years, CEUG.L returned 12.03%/yr vs 0.99%/yr for IBTM.L. At a correlation of -0.31, they often move in opposite directions. CEUG.L charges 0.12%/yr vs 0.07%/yr for IBTM.L.
Performance
CEUG.L vs. IBTM.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CEUG.L achieves a 9.89% return, which is significantly higher than IBTM.L's -0.03% return.
CEUG.L
- 1D
- 0.43%
- 1M
- 4.93%
- YTD
- 9.89%
- 6M
- 11.74%
- 1Y
- 20.38%
- 3Y*
- 17.97%
- 5Y*
- 12.03%
- 10Y*
- —
IBTM.L
- 1D
- -0.01%
- 1M
- 1.44%
- YTD
- -0.03%
- 6M
- -0.71%
- 1Y
- 6.13%
- 3Y*
- 1.26%
- 5Y*
- 0.99%
- 10Y*
- 2.30%
CEUG.L vs. IBTM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CEUG.L iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 9.89% | 26.75% | 10.82% | 20.52% | -10.51% | 22.89% | -0.23% | 26.22% | -13.84% |
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | -0.03% | 2.28% | 2.56% | -1.50% | -4.38% | -1.34% | 6.45% | 6.25% | 8.10% |
Correlation
The correlation between CEUG.L and IBTM.L is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018 | -0.31 |
The correlation between CEUG.L and IBTM.L shifts across timeframes, from -0.31 (all time) to -0.17 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CEUG.L vs. IBTM.L — Risk / Return Rank
CEUG.L
IBTM.L
CEUG.L vs. IBTM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.L) and iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L). 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.L | IBTM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.14 | +0.89 |
| Martin ratioReturn relative to average drawdown | 7.54 | 2.78 | +4.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CEUG.L | IBTM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.01 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.10 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.57 | +0.01 |
Drawdowns
CEUG.L vs. IBTM.L - Drawdown Comparison
The maximum CEUG.L drawdown since its inception was -38.52%, which is greater than IBTM.L's maximum drawdown of -25.39%. Use the drawdown chart below to compare losses from any high point for CEUG.L and IBTM.L.
Loading charts...
Drawdown Indicators
| CEUG.L | IBTM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.52% | -25.39% | -13.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -5.58% | -4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -15.34% | -6.93% | -8.41% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -15.83% | -8.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.39% | — |
Current DrawdownCurrent decline from peak | -0.12% | -17.49% | +17.37% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -10.52% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.29% | +0.41% |
Volatility
CEUG.L vs. IBTM.L - Volatility Comparison
iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.L) has a higher volatility of 5.01% compared to iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) at 1.84%. This indicates that CEUG.L's price experiences larger fluctuations and is considered to be riskier than IBTM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CEUG.L | IBTM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 1.84% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.39% | 4.69% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 6.29% | +7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 9.51% | +6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 10.62% | +7.42% |
CEUG.L vs. IBTM.L - Expense Ratio Comparison
CEUG.L has a 0.12% expense ratio, which is higher than IBTM.L's 0.07% 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.L vs. IBTM.L - Dividend Comparison
CEUG.L's dividend yield for the trailing twelve months is around 2.35%, less than IBTM.L's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEUG.L iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 2.35% | 2.53% | 2.80% | 2.73% | 2.84% | 1.81% | 1.77% | 3.05% | 0.38% | 0.00% | 0.00% | 0.00% |
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 5.82% | 5.55% | 5.00% | 3.93% | 2.34% | 1.57% | 2.13% | 3.25% | 3.07% | 2.64% | 2.40% | 3.01% |
Frequently Asked Questions
CEUG.L and IBTM.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTM.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTM.L is cheaper with a 0.07% expense ratio, compared with 0.12% for CEUG.L.
CEUG.L is categorized as Europe Equities, while IBTM.L is Government Bonds. CEUG.L tracks MSCI Europe NR EUR, while IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index. Their fees differ too: 0.12% for CEUG.L and 0.07% for IBTM.L.
Find the right allocation for CEUG.L and IBTM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer