CEUG.L vs. RR.L
CEUG.L (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) is Europe Equities fund tracking the MSCI Europe NR EUR, while RR.L (Rolls-Royce Holdings PLC) is a stock. Over the past 5 years, CEUG.L returned 12.03%/yr vs 64.29%/yr for RR.L. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
CEUG.L vs. RR.L - Performance Comparison
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Different Trading Currencies
CEUG.L is traded in GBP, while RR.L is traded in GBp. To make them comparable, the RR.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CEUG.L having a 9.89% return and RR.L slightly higher at 10.33%.
CEUG.L
- 1D
- 0.43%
- 1M
- 4.93%
- YTD
- 9.89%
- 6M
- 11.74%
- 1Y
- 20.38%
- 3Y*
- 17.97%
- 5Y*
- 12.03%
- 10Y*
- —
RR.L
- 1D
- 0.40%
- 1M
- 5.09%
- YTD
- 10.33%
- 6M
- 16.29%
- 1Y
- 42.96%
- 3Y*
- 105.84%
- 5Y*
- 64.29%
- 10Y*
- 21.22%
CEUG.L vs. RR.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% |
RR.L Rolls-Royce Holdings PLC | 10.33% | 104.79% | 89.72% | 221.57% | -24.15% | 10.45% | -52.55% | -15.32% | 0.01% |
Correlation
The correlation between CEUG.L and RR.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018 | 0.50 |
The correlation between CEUG.L and RR.L has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
CEUG.L vs. RR.L — Risk / Return Rank
CEUG.L
RR.L
CEUG.L vs. RR.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 Rolls-Royce Holdings PLC (RR.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 | RR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.25 | -0.21 |
| Martin ratioReturn relative to average drawdown | 7.54 | 6.29 | +1.25 |
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.L | RR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.19 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 1.53 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.34 | +0.24 |
Drawdowns
CEUG.L vs. RR.L - Drawdown Comparison
The maximum CEUG.L drawdown since its inception was -38.52%, smaller than the maximum RR.L drawdown of -89.20%. Use the drawdown chart below to compare losses from any high point for CEUG.L and RR.L.
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Drawdown Indicators
| CEUG.L | RR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.52% | -89.20% | +50.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -19.04% | +9.06% |
Max Drawdown (3Y)Largest decline over 3 years | -15.34% | -21.78% | +6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -55.09% | +31.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.20% | — |
Current DrawdownCurrent decline from peak | -0.12% | -6.91% | +6.79% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -22.66% | +17.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 6.81% | -4.11% |
Volatility
CEUG.L vs. RR.L - Volatility Comparison
The current volatility for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.L) is 5.01%, while Rolls-Royce Holdings PLC (RR.L) has a volatility of 13.28%. This indicates that CEUG.L experiences smaller price fluctuations and is considered to be less risky than RR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEUG.L | RR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 13.28% | -8.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.39% | 30.84% | -19.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 35.95% | -21.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 42.02% | -25.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 48.57% | -30.53% |
Dividends
CEUG.L vs. RR.L - Dividend Comparison
CEUG.L's dividend yield for the trailing twelve months is around 2.35%, more than RR.L's 0.75% 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% |
RR.L Rolls-Royce Holdings PLC | 0.75% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.71% | 1.43% | 3.07% | 1.83% | 4.31% |
Frequently Asked Questions
CEUG.L and RR.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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