CEUG.L vs. V3PL.DE
CEUG.L (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and V3PL.DE (Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Distributing) are both exchange-traded funds - CEUG.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while V3PL.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific All Cap Choice. Both are passively managed. Over the past 3 years, CEUG.L returned 17.97%/yr vs 19.16%/yr for V3PL.DE. A 0.58 correlation means they provide meaningful diversification when combined. CEUG.L charges 0.12%/yr vs 0.17%/yr for V3PL.DE.
Performance
CEUG.L vs. V3PL.DE - Performance Comparison
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Different Trading Currencies
CEUG.L is traded in GBP, while V3PL.DE is traded in EUR. To make them comparable, the V3PL.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEUG.L achieves a 9.89% return, which is significantly lower than V3PL.DE's 30.43% return.
CEUG.L
- 1D
- 0.43%
- 1M
- 2.07%
- YTD
- 9.89%
- 6M
- 11.80%
- 1Y
- 20.03%
- 3Y*
- 17.97%
- 5Y*
- 12.03%
- 10Y*
- —
V3PL.DE
- 1D
- -1.71%
- 1M
- 6.97%
- YTD
- 30.43%
- 6M
- 32.33%
- 1Y
- 54.33%
- 3Y*
- 19.16%
- 5Y*
- —
- 10Y*
- —
CEUG.L vs. V3PL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEUG.L iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 9.89% | 26.75% | 10.82% | 20.52% | 12.77% |
V3PL.DE Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Distributing | 30.43% | 22.44% | 2.73% | 8.11% | 6.44% |
Correlation
The correlation between CEUG.L and V3PL.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2022 | 0.58 |
The correlation between CEUG.L and V3PL.DE has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
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Return for Risk
CEUG.L vs. V3PL.DE — Risk / Return Rank
CEUG.L
V3PL.DE
CEUG.L vs. V3PL.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.L) and Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Distributing (V3PL.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.L | V3PL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.58 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 4.67 | -2.63 |
| Martin ratioReturn relative to average drawdown | 7.54 | 16.88 | -9.34 |
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 | V3PL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 3.10 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.29 | -0.71 |
Drawdowns
CEUG.L vs. V3PL.DE - Drawdown Comparison
The maximum CEUG.L drawdown since its inception was -38.52%, which is greater than V3PL.DE's maximum drawdown of -15.48%. Use the drawdown chart below to compare losses from any high point for CEUG.L and V3PL.DE.
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Drawdown Indicators
| CEUG.L | V3PL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.52% | -15.48% | -23.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -11.58% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -15.34% | -15.48% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.75% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -2.92% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.21% | -0.51% |
Volatility
CEUG.L vs. V3PL.DE - Volatility Comparison
The current volatility for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.L) is 5.01%, while Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Distributing (V3PL.DE) has a volatility of 6.79%. This indicates that CEUG.L experiences smaller price fluctuations and is considered to be less risky than V3PL.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.L | V3PL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 6.79% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.39% | 15.07% | -3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 17.45% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 14.65% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 14.65% | +3.39% |
CEUG.L vs. V3PL.DE - Expense Ratio Comparison
CEUG.L has a 0.12% expense ratio, which is lower than V3PL.DE's 0.17% expense ratio. Despite the difference, 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. V3PL.DE - Dividend Comparison
CEUG.L's dividend yield for the trailing twelve months is around 2.35%, more than V3PL.DE's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
V3PL.DE Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Distributing | 1.42% | 1.90% | 2.16% | 2.13% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CEUG.L and V3PL.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEUG.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEUG.L is cheaper with a 0.12% expense ratio, compared with 0.17% for V3PL.DE.
CEUG.L is categorized as Europe Equities, while V3PL.DE is Asia Pacific Equities. CEUG.L tracks MSCI Europe NR EUR, while V3PL.DE tracks FTSE Developed Asia Pacific All Cap Choice. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for CEUG.L and 0.17% for V3PL.DE.
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