ETLK.DE vs. CEBL.DE
ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) and CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) are both Asia Pacific Equities funds - ETLK.DE tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap while CEBL.DE tracks the MSCI Emerging Markets Asia. Both are passively managed. Over the past 5 years, ETLK.DE returned 5.51%/yr vs 8.97%/yr for CEBL.DE. A 0.73 correlation means they provide meaningful diversification when combined. ETLK.DE charges 0.10%/yr vs 0.20%/yr for CEBL.DE.
Performance
ETLK.DE vs. CEBL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLK.DE achieves a 8.76% return, which is significantly lower than CEBL.DE's 31.90% return.
ETLK.DE
- 1D
- -0.99%
- 1M
- -2.56%
- YTD
- 8.76%
- 6M
- 10.04%
- 1Y
- 13.52%
- 3Y*
- 10.15%
- 5Y*
- 5.51%
- 10Y*
- —
CEBL.DE
- 1D
- -1.89%
- 1M
- 5.19%
- YTD
- 31.90%
- 6M
- 32.33%
- 1Y
- 54.45%
- 3Y*
- 22.99%
- 5Y*
- 8.97%
- 10Y*
- 11.02%
ETLK.DE vs. CEBL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 8.76% | 7.52% | 11.54% | 1.26% | -0.49% | 11.62% | -1.71% | 15.82% |
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 31.90% | 19.13% | 18.60% | 3.15% | -15.54% | 2.03% | 15.18% | 17.09% |
Correlation
The correlation between ETLK.DE and CEBL.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.73 |
The correlation between ETLK.DE and CEBL.DE has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.
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Return for Risk
ETLK.DE vs. CEBL.DE — Risk / Return Rank
ETLK.DE
CEBL.DE
ETLK.DE vs. CEBL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) and iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.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.
| ETLK.DE | CEBL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.50 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 4.83 | -2.50 |
| Martin ratioReturn relative to average drawdown | 6.47 | 17.67 | -11.20 |
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
| ETLK.DE | CEBL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.81 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.48 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.43 | -0.04 |
Drawdowns
ETLK.DE vs. CEBL.DE - Drawdown Comparison
The maximum ETLK.DE drawdown since its inception was -36.72%, roughly equal to the maximum CEBL.DE drawdown of -35.09%. Use the drawdown chart below to compare losses from any high point for ETLK.DE and CEBL.DE.
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Drawdown Indicators
| ETLK.DE | CEBL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -35.09% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -11.43% | +5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -20.53% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -29.00% | +9.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.12% | — |
Current DrawdownCurrent decline from peak | -2.56% | -2.85% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -11.09% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 3.13% | -0.97% |
Volatility
ETLK.DE vs. CEBL.DE - Volatility Comparison
The current volatility for L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) is 3.38%, while iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a volatility of 8.24%. This indicates that ETLK.DE experiences smaller price fluctuations and is considered to be less risky than CEBL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLK.DE | CEBL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 8.24% | -4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 16.36% | -7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 19.68% | -7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 18.48% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 18.94% | -0.73% |
ETLK.DE vs. CEBL.DE - Expense Ratio Comparison
ETLK.DE has a 0.10% expense ratio, which is lower than CEBL.DE's 0.20% 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
ETLK.DE vs. CEBL.DE - Dividend Comparison
Neither ETLK.DE nor CEBL.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLK.DE and CEBL.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLK.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLK.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for CEBL.DE.
ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while CEBL.DE tracks MSCI Emerging Markets Asia. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for ETLK.DE and 0.20% for CEBL.DE.
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