EUNJ.DE vs. CEBL.DE
EUNJ.DE (iShares MSCI Pacific ex-Japan UCITS ETF (Dist)) and CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) are both Asia Pacific Equities funds from iShares - EUNJ.DE tracks the MSCI Pacific ex Japan while CEBL.DE tracks the MSCI Emerging Markets Asia. Both are passively managed. Over the past 10 years, EUNJ.DE returned 7.05%/yr vs 11.02%/yr for CEBL.DE. A 0.74 correlation means they provide meaningful diversification when combined. EUNJ.DE charges 0.60%/yr vs 0.20%/yr for CEBL.DE.
Performance
EUNJ.DE vs. CEBL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNJ.DE achieves a 8.50% return, which is significantly lower than CEBL.DE's 31.90% return. Over the past 10 years, EUNJ.DE has underperformed CEBL.DE with an annualized return of 7.05%, while CEBL.DE has yielded a comparatively higher 11.02% annualized return.
EUNJ.DE
- 1D
- -0.88%
- 1M
- 0.07%
- YTD
- 8.50%
- 6M
- 9.89%
- 1Y
- 13.18%
- 3Y*
- 9.84%
- 5Y*
- 5.36%
- 10Y*
- 7.05%
CEBL.DE
- 1D
- -1.89%
- 1M
- 7.90%
- YTD
- 31.90%
- 6M
- 34.52%
- 1Y
- 55.49%
- 3Y*
- 22.99%
- 5Y*
- 8.97%
- 10Y*
- 11.02%
EUNJ.DE vs. CEBL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNJ.DE iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 8.50% | 6.56% | 11.50% | 1.85% | -1.18% | 12.54% | -3.43% | 21.23% | -6.37% | 10.31% |
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 31.90% | 19.13% | 18.60% | 3.15% | -15.54% | 2.03% | 15.18% | 22.17% | -12.65% | 25.07% |
Correlation
The correlation between EUNJ.DE and CEBL.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010 | 0.74 |
The correlation between EUNJ.DE and CEBL.DE shifts across timeframes, from 0.62 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNJ.DE vs. CEBL.DE — Risk / Return Rank
EUNJ.DE
CEBL.DE
EUNJ.DE vs. CEBL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (EUNJ.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.
| EUNJ.DE | CEBL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.50 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 4.83 | -2.69 |
| Martin ratioReturn relative to average drawdown | 6.18 | 17.67 | -11.49 |
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
| EUNJ.DE | CEBL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 2.81 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.48 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.58 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.43 | -0.08 |
Drawdowns
EUNJ.DE vs. CEBL.DE - Drawdown Comparison
The maximum EUNJ.DE drawdown since its inception was -36.95%, which is greater than CEBL.DE's maximum drawdown of -35.09%. Use the drawdown chart below to compare losses from any high point for EUNJ.DE and CEBL.DE.
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Drawdown Indicators
| EUNJ.DE | CEBL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -35.09% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -11.43% | +5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.39% | -20.53% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -29.00% | +8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -33.12% | -3.83% |
Current DrawdownCurrent decline from peak | -2.02% | -2.85% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -11.09% | +4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 3.13% | -1.00% |
Volatility
EUNJ.DE vs. CEBL.DE - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (EUNJ.DE) is 3.04%, while iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a volatility of 8.24%. This indicates that EUNJ.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
| EUNJ.DE | CEBL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 8.24% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 16.36% | -7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.57% | 19.68% | -8.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 18.48% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 18.94% | -2.40% |
EUNJ.DE vs. CEBL.DE - Expense Ratio Comparison
EUNJ.DE has a 0.60% expense ratio, which is higher than CEBL.DE's 0.20% expense ratio.
Dividends
EUNJ.DE vs. CEBL.DE - Dividend Comparison
EUNJ.DE's dividend yield for the trailing twelve months is around 2.46%, while CEBL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNJ.DE iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 2.46% | 2.95% | 3.35% | 3.56% | 3.92% | 2.79% | 2.64% | 3.52% | 3.78% | 3.41% | 3.31% | 3.34% |
Frequently Asked Questions
EUNJ.DE and CEBL.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBL.DE is cheaper with a 0.20% expense ratio, compared with 0.60% for EUNJ.DE.
EUNJ.DE tracks MSCI Pacific ex Japan, while CEBL.DE tracks MSCI Emerging Markets Asia. Their fees differ too: 0.60% for EUNJ.DE and 0.20% for CEBL.DE.
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