CEZ.PR vs. EMB
CEZ.PR (Cez A.S.) is a stock, while EMB (iShares J.P. Morgan USD Emerging Markets Bond ETF) is Emerging Markets Bonds fund tracking the JPMorgan EMBI Global Core Index. Over the past 10 years, CEZ.PR returned 19.20%/yr vs 1.92%/yr for EMB. At a 0.02 correlation, their price movements are largely independent.
Performance
CEZ.PR vs. EMB - Performance Comparison
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Different Trading Currencies
CEZ.PR is traded in CZK, while EMB is traded in USD. To make them comparable, the EMB values have been converted to CZK using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEZ.PR achieves a -0.62% return, which is significantly lower than EMB's 3.22% return. Over the past 10 years, CEZ.PR has outperformed EMB with an annualized return of 19.20%, while EMB has yielded a comparatively lower 1.92% annualized return.
CEZ.PR
- 1D
- -0.23%
- 1M
- 7.25%
- YTD
- -0.62%
- 6M
- 0.63%
- 1Y
- 11.33%
- 3Y*
- 17.10%
- 5Y*
- 24.01%
- 10Y*
- 19.20%
EMB
- 1D
- -0.06%
- 1M
- 0.84%
- YTD
- 3.22%
- 6M
- 2.37%
- 1Y
- 6.67%
- 3Y*
- 7.73%
- 5Y*
- 1.82%
- 10Y*
- 1.92%
CEZ.PR vs. EMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEZ.PR Cez A.S. | -0.62% | 40.70% | 5.78% | 45.23% | -2.49% | 74.83% | 8.41% | -0.34% | 14.53% | 24.87% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 3.22% | -3.77% | 14.80% | 9.77% | -16.14% | -0.42% | -0.10% | 16.74% | -0.39% | -8.62% |
Correlation
The correlation between CEZ.PR and EMB is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2007 | 0.02 |
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Return for Risk
CEZ.PR vs. EMB — Risk / Return Rank
CEZ.PR
EMB
CEZ.PR vs. EMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cez A.S. (CEZ.PR) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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.
| CEZ.PR | EMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 1.86 | -1.20 |
| Martin ratioReturn relative to average drawdown | 1.47 | 5.51 | -4.04 |
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
| CEZ.PR | EMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.94 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.18 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.18 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.39 | +0.09 |
Drawdowns
CEZ.PR vs. EMB - Drawdown Comparison
The maximum CEZ.PR drawdown since its inception was -68.97%, which is greater than EMB's maximum drawdown of -32.88%. Use the drawdown chart below to compare losses from any high point for CEZ.PR and EMB.
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Drawdown Indicators
| CEZ.PR | EMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.97% | -32.88% | -36.09% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -3.60% | -13.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -13.55% | -7.53% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -21.95% | -14.32% |
Max Drawdown (10Y)Largest decline over 10 years | -36.27% | -23.66% | -12.61% |
Current DrawdownCurrent decline from peak | -6.13% | -3.66% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -23.55% | -7.31% | -16.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 1.21% | +6.52% |
Volatility
CEZ.PR vs. EMB - Volatility Comparison
Cez A.S. (CEZ.PR) has a higher volatility of 6.41% compared to iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) at 1.18%. This indicates that CEZ.PR's price experiences larger fluctuations and is considered to be riskier than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEZ.PR | EMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 1.18% | +5.23% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 5.05% | +14.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.92% | 7.17% | +13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.56% | 10.36% | +14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 10.69% | +10.98% |
Dividends
CEZ.PR vs. EMB - Dividend Comparison
CEZ.PR's dividend yield for the trailing twelve months is around 3.65%, less than EMB's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEZ.PR Cez A.S. | 3.65% | 3.63% | 5.43% | 15.13% | 6.23% | 6.29% | 6.60% | 4.71% | 6.17% | 6.65% | 9.30% | 9.00% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.04% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
Frequently Asked Questions
CEZ.PR and EMB have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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