EL46.DE vs. CEBG.DE
EL46.DE (Deka MSCI China ex A Shares UCITS ETF) and CEBG.DE (VanEck New China ESG UCITS ETF A) are both China Equities funds - EL46.DE tracks the MSCI China ex A Shares while CEBG.DE tracks the MarketGrader New China ESG. Both are passively managed. Over the past 10 years, EL46.DE returned 3.87%/yr vs 6.90%/yr for CEBG.DE. At a 0.44 correlation, their price movements are largely independent. EL46.DE charges 0.66%/yr vs 0.60%/yr for CEBG.DE.
Performance
EL46.DE vs. CEBG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EL46.DE achieves a -10.01% return, which is significantly lower than CEBG.DE's 11.81% return. Over the past 10 years, EL46.DE has underperformed CEBG.DE with an annualized return of 3.87%, while CEBG.DE has yielded a comparatively higher 6.90% annualized return.
EL46.DE
- 1D
- -0.11%
- 1M
- -3.80%
- YTD
- -10.01%
- 6M
- -12.17%
- 1Y
- -2.40%
- 3Y*
- 6.90%
- 5Y*
- -5.27%
- 10Y*
- 3.87%
CEBG.DE
- 1D
- -2.29%
- 1M
- 1.13%
- YTD
- 11.81%
- 6M
- 16.61%
- 1Y
- 32.91%
- 3Y*
- 9.54%
- 5Y*
- 13.92%
- 10Y*
- 6.90%
EL46.DE vs. CEBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL46.DE Deka MSCI China ex A Shares UCITS ETF | -10.01% | 17.77% | 27.71% | -14.54% | -13.52% | -21.82% | 14.00% | 27.42% | -16.05% | 34.69% |
CEBG.DE VanEck New China ESG UCITS ETF A | 11.81% | 38.75% | -22.52% | 33.05% | 5.85% | 26.86% | -10.03% | 15.73% | -10.56% | -0.89% |
Correlation
The correlation between EL46.DE and CEBG.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010 | 0.44 |
The correlation between EL46.DE and CEBG.DE shifts across timeframes, from 0.26 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EL46.DE vs. CEBG.DE — Risk / Return Rank
EL46.DE
CEBG.DE
EL46.DE vs. CEBG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI China ex A Shares UCITS ETF (EL46.DE) and VanEck New China ESG UCITS ETF A (CEBG.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.
| EL46.DE | CEBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.29 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.78 | -2.89 |
| Martin ratioReturn relative to average drawdown | -0.24 | 11.03 | -11.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EL46.DE | CEBG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 1.63 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.65 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.28 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.24 | -0.12 |
Drawdowns
EL46.DE vs. CEBG.DE - Drawdown Comparison
The maximum EL46.DE drawdown since its inception was -58.21%, which is greater than CEBG.DE's maximum drawdown of -53.49%. Use the drawdown chart below to compare losses from any high point for EL46.DE and CEBG.DE.
Loading charts...
Drawdown Indicators
| EL46.DE | CEBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.21% | -53.49% | -4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -21.01% | -11.78% | -9.23% |
Max Drawdown (3Y)Largest decline over 3 years | -25.65% | -30.41% | +4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -51.07% | -30.41% | -20.66% |
Max Drawdown (10Y)Largest decline over 10 years | -58.21% | -49.60% | -8.61% |
Current DrawdownCurrent decline from peak | -36.65% | -4.44% | -32.21% |
Average DrawdownAverage peak-to-trough decline | -22.26% | -15.04% | -7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.96% | 2.98% | +6.98% |
Volatility
EL46.DE vs. CEBG.DE - Volatility Comparison
Deka MSCI China ex A Shares UCITS ETF (EL46.DE) has a higher volatility of 8.28% compared to VanEck New China ESG UCITS ETF A (CEBG.DE) at 7.80%. This indicates that EL46.DE's price experiences larger fluctuations and is considered to be riskier than CEBG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EL46.DE | CEBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 7.80% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 15.15% | 16.73% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.97% | 20.05% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.36% | 21.13% | +10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.53% | 24.18% | +3.35% |
EL46.DE vs. CEBG.DE - Expense Ratio Comparison
EL46.DE has a 0.66% expense ratio, which is higher than CEBG.DE's 0.60% expense ratio.
Dividends
EL46.DE vs. CEBG.DE - Dividend Comparison
EL46.DE's dividend yield for the trailing twelve months is around 1.52%, while CEBG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEBG.DE VanEck New China ESG UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL46.DE Deka MSCI China ex A Shares UCITS ETF | 1.52% | 1.43% | 2.06% | 2.03% | 1.78% | 1.22% | 0.86% | 1.26% | 1.62% | 0.94% | 1.98% | 2.32% |
Frequently Asked Questions
EL46.DE and CEBG.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBG.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBG.DE is cheaper with a 0.60% expense ratio, compared with 0.66% for EL46.DE.
EL46.DE tracks MSCI China ex A Shares, while CEBG.DE tracks MarketGrader New China ESG. They also come from different issuers: Deka Investment GmbH and iShares. Their fees differ too: 0.66% for EL46.DE and 0.60% for CEBG.DE.
Find the right allocation for EL46.DE and CEBG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer