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CEZ.PR vs. IEMG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEZ.PR vs. IEMG

Last updated Jun 5, 2026

CEZ.PR (Cez A.S.) is a stock, while IEMG (iShares Core MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Over the past 10 years, CEZ.PR returned 19.20%/yr vs 8.76%/yr for IEMG. At a 0.12 correlation, their price movements are largely independent.

Performance

CEZ.PR vs. IEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a CZK 10,000 investment in Cez A.S. (CEZ.PR) and iShares Core MSCI Emerging Markets ETF (IEMG). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CEZ.PR is traded in CZK, while IEMG is traded in USD. To make them comparable, the IEMG 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 IEMG's 26.46% return. Over the past 10 years, CEZ.PR has outperformed IEMG with an annualized return of 19.20%, while IEMG has yielded a comparatively lower 8.76% 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%

IEMG

1D
-1.24%
1M
4.62%
YTD
26.46%
6M
27.60%
1Y
42.93%
3Y*
20.99%
5Y*
7.28%
10Y*
8.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEZ.PR vs. IEMG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IEMG
iShares Core MSCI Emerging Markets ETF		26.46%12.04%15.84%10.67%-17.53%1.20%11.69%19.10%-10.35%13.83%

Correlation

The correlation between CEZ.PR and IEMG is 0.10, 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

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (10Y)
Calculated over the trailing 10-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Oct 25, 2012

0.12

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Cez A.S.

iShares Core MSCI Emerging Markets ETF

Often compared with CEZ.PR:
CEZ.PR vs. KOMB.PRCEZ.PR vs. POWERGRID.NSCEZ.PR vs. EMBCEZ.PR vs. DBMFCEZ.PR vs. HYGCEZ.PR vs. IVVCEZ.PR vs. NOBL
Often compared with IEMG:
IEMG vs. VWOIEMG vs. EEMIEMG vs. IEFAIEMG vs. EMXCIEMG vs. SCHEIEMG vs. IXUSIEMG vs. SPY

Return for Risk

CEZ.PR vs. IEMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEZ.PR
CEZ.PR Risk / Return Rank: 5656
Overall Rank
CEZ.PR Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
CEZ.PR Sortino Ratio Rank: 5050
Sortino Ratio Rank
CEZ.PR Omega Ratio Rank: 5757
Omega Ratio Rank
CEZ.PR Calmar Ratio Rank: 5656
Calmar Ratio Rank
CEZ.PR Martin Ratio Rank: 5656
Martin Ratio Rank
IEMG
IEMG Risk / Return Rank: 7777
Overall Rank
IEMG Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
IEMG Sortino Ratio Rank: 7575
Sortino Ratio Rank
IEMG Omega Ratio Rank: 7979
Omega Ratio Rank
IEMG Calmar Ratio Rank: 7676
Calmar Ratio Rank
IEMG Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEZ.PR vs. IEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cez A.S. (CEZ.PR) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.PRIEMGDifference
Sharpe ratioReturn per unit of total volatility
0.55
2.44

-1.89

Sortino ratioReturn per unit of downside risk
0.83
3.27

-2.44

Omega ratioGain probability vs. loss probability

1.15

1.45

-0.30

Calmar ratioReturn relative to maximum drawdown

0.66

4.59

-3.93

Martin ratioReturn relative to average drawdown

1.47

15.70

-14.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEZ.PR vs. IEMG - Sharpe Ratio Comparison

The current CEZ.PR Sharpe Ratio is 0.55, which is lower than the IEMG Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of CEZ.PR and IEMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CEZ.PRIEMGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.55

2.44

-1.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.99

0.45

+0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.89

0.48

+0.41

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.40

+0.08

Drawdowns

CEZ.PR vs. IEMG - Drawdown Comparison

The maximum CEZ.PR drawdown since its inception was -68.97%, which is greater than IEMG's maximum drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for CEZ.PR and IEMG.

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Drawdown Indicators

CEZ.PRIEMGDifference

Max Drawdown

Largest peak-to-trough decline

-68.97%

-35.53%

-33.44%

Max Drawdown (1Y)

Largest decline over 1 year

-17.29%

-9.39%

-7.90%

Max Drawdown (3Y)

Largest decline over 3 years

-21.08%

-17.67%

-3.41%

Max Drawdown (5Y)

Largest decline over 5 years

-36.27%

-26.37%

-9.90%

Max Drawdown (10Y)

Largest decline over 10 years

-36.27%

-28.09%

-8.18%

Current Drawdown

Current decline from peak

-6.13%

-2.25%

-3.88%

Average Drawdown

Average peak-to-trough decline

-23.55%

-9.84%

-13.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.73%

2.74%

+4.99%

Volatility

CEZ.PR vs. IEMG - Volatility Comparison

The current volatility for Cez A.S. (CEZ.PR) is 6.41%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 7.38%. This indicates that CEZ.PR experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CEZ.PRIEMGDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.41%

7.38%

-0.97%

Volatility (6M)

Calculated over the trailing 6-month period

19.60%

14.86%

+4.74%

Volatility (1Y)

Calculated over the trailing 1-year period

20.92%

17.67%

+3.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.56%

16.41%

+8.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.67%

18.32%

+3.35%

Dividends

CEZ.PR vs. IEMG - Dividend Comparison

CEZ.PR's dividend yield for the trailing twelve months is around 3.65%, more than IEMG's 2.20% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IEMG
iShares Core MSCI Emerging Markets ETF		2.20%2.75%3.20%2.89%2.71%3.06%1.87%3.15%2.76%2.35%2.28%2.53%

Frequently Asked Questions

CEZ.PR and IEMG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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