EHF1.DE vs. CEBZ.DE
EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) and CEBZ.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both Europe Equities funds - EHF1.DE tracks the MSCI Europe High Dividend Yield while CEBZ.DE tracks the MSCI Europe Index. Both are passively managed. Over the past year, EHF1.DE returned 12.60% vs 15.91% for CEBZ.DE. A 0.77 correlation means they provide meaningful diversification when combined. EHF1.DE charges 0.23%/yr vs 0.12%/yr for CEBZ.DE.
Performance
EHF1.DE vs. CEBZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHF1.DE achieves a 5.17% return, which is significantly lower than CEBZ.DE's 7.37% return.
EHF1.DE
- 1D
- 0.61%
- 1M
- -1.98%
- YTD
- 5.17%
- 6M
- 7.16%
- 1Y
- 12.60%
- 3Y*
- 14.05%
- 5Y*
- 11.31%
- 10Y*
- —
CEBZ.DE
- 1D
- 0.58%
- 1M
- 1.05%
- YTD
- 7.37%
- 6M
- 9.77%
- 1Y
- 15.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EHF1.DE vs. CEBZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 5.17% | 19.17% | 6.42% |
CEBZ.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.37% | 20.45% | 1.33% |
Correlation
The correlation between EHF1.DE and CEBZ.DE is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.77 |
The correlation between EHF1.DE and CEBZ.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
EHF1.DE vs. CEBZ.DE — Risk / Return Rank
EHF1.DE
CEBZ.DE
EHF1.DE vs. CEBZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.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.
| EHF1.DE | CEBZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.67 | +0.42 |
| Martin ratioReturn relative to average drawdown | 5.91 | 6.29 | -0.38 |
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
| EHF1.DE | CEBZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.24 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.95 | -0.36 |
Drawdowns
EHF1.DE vs. CEBZ.DE - Drawdown Comparison
The maximum EHF1.DE drawdown since its inception was -38.13%, which is greater than CEBZ.DE's maximum drawdown of -16.41%. Use the drawdown chart below to compare losses from any high point for EHF1.DE and CEBZ.DE.
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Drawdown Indicators
| EHF1.DE | CEBZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.13% | -16.41% | -21.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -9.57% | +3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -12.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.64% | — | — |
Current DrawdownCurrent decline from peak | -4.13% | -1.61% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -2.09% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.55% | -0.34% |
Volatility
EHF1.DE vs. CEBZ.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) is 3.69%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) has a volatility of 4.49%. This indicates that EHF1.DE experiences smaller price fluctuations and is considered to be less risky than CEBZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EHF1.DE | CEBZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 4.49% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 10.70% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.92% | 12.97% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.28% | 13.82% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 13.82% | +1.57% |
EHF1.DE vs. CEBZ.DE - Expense Ratio Comparison
EHF1.DE has a 0.23% expense ratio, which is higher than CEBZ.DE's 0.12% 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
EHF1.DE vs. CEBZ.DE - Dividend Comparison
Neither EHF1.DE nor CEBZ.DE has paid dividends to shareholders.
Frequently Asked Questions
EHF1.DE and CEBZ.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBZ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBZ.DE is cheaper with a 0.12% expense ratio, compared with 0.23% for EHF1.DE.
EHF1.DE tracks MSCI Europe High Dividend Yield, while CEBZ.DE tracks MSCI Europe Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.23% for EHF1.DE and 0.12% for CEBZ.DE.
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