FESD.DE vs. CEB0.DE
FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) and CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) are both Emerging Markets Bonds funds - FESD.DE tracks the Fidelity Sustainable USD EM Bond while CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index. Both are passively managed. Over the past year, FESD.DE returned 9.14% vs 1.59% for CEB0.DE. At a 0.10 correlation, their price movements are largely independent. FESD.DE charges 0.45%/yr vs 0.40%/yr for CEB0.DE.
Performance
FESD.DE vs. CEB0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FESD.DE achieves a 3.41% return, which is significantly higher than CEB0.DE's 1.63% return.
FESD.DE
- 1D
- -0.09%
- 1M
- 1.35%
- YTD
- 3.41%
- 6M
- 3.08%
- 1Y
- 9.14%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
CEB0.DE
- 1D
- -0.13%
- 1M
- 0.30%
- YTD
- 1.63%
- 6M
- 1.79%
- 1Y
- 1.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FESD.DE vs. CEB0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 7.19% |
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.63% | 0.43% | 6.89% |
Correlation
The correlation between FESD.DE and CEB0.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.10 |
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Return for Risk
FESD.DE vs. CEB0.DE — Risk / Return Rank
FESD.DE
CEB0.DE
FESD.DE vs. CEB0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) and iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.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.
| FESD.DE | CEB0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.43 | +1.03 |
| Martin ratioReturn relative to average drawdown | 6.56 | 3.02 | +3.54 |
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
| FESD.DE | CEB0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.94 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 2.03 | -1.84 |
Drawdowns
FESD.DE vs. CEB0.DE - Drawdown Comparison
The maximum FESD.DE drawdown since its inception was -16.01%, which is greater than CEB0.DE's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for FESD.DE and CEB0.DE.
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Drawdown Indicators
| FESD.DE | CEB0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.01% | -1.83% | -14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -1.11% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.34% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -0.38% | -6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.52% | +0.87% |
Volatility
FESD.DE vs. CEB0.DE - Volatility Comparison
Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a higher volatility of 2.28% compared to iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) at 1.02%. This indicates that FESD.DE's price experiences larger fluctuations and is considered to be riskier than CEB0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FESD.DE | CEB0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.02% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 1.45% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 1.68% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 2.03% | +6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 2.03% | +6.67% |
FESD.DE vs. CEB0.DE - Expense Ratio Comparison
FESD.DE has a 0.45% expense ratio, which is higher than CEB0.DE's 0.40% expense ratio.
Dividends
FESD.DE vs. CEB0.DE - Dividend Comparison
FESD.DE's dividend yield for the trailing twelve months is around 6.69%, more than CEB0.DE's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.81% | 1.84% | 1.43% | 0.00% | 0.00% | 0.00% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% |
Frequently Asked Questions
FESD.DE and CEB0.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEB0.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEB0.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for FESD.DE.
FESD.DE tracks Fidelity Sustainable USD EM Bond, while CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.45% for FESD.DE and 0.40% for CEB0.DE.
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