IBDU vs. CEMU.AS
IBDU (iShares iBonds Dec 2029 Term Corporate ETF) and CEMU.AS (iShares Core MSCI EMU UCITS ETF EUR (Acc)) are both exchange-traded funds - IBDU is a Corporate Bonds fund tracking the Bloomberg December 2029 Maturity Corporate Index, while CEMU.AS is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, IBDU returned 1.13%/yr vs 9.59%/yr for CEMU.AS. At a 0.18 correlation, their price movements are largely independent. IBDU charges 0.10%/yr vs 0.12%/yr for CEMU.AS.
Performance
IBDU vs. CEMU.AS - Performance Comparison
Loading charts...
Different Trading Currencies
IBDU is traded in USD, while CEMU.AS is traded in EUR. To make them comparable, the CEMU.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBDU achieves a 0.71% return, which is significantly lower than CEMU.AS's 7.43% return.
IBDU
- 1D
- -0.04%
- 1M
- 0.21%
- YTD
- 0.71%
- 6M
- 1.23%
- 1Y
- 4.58%
- 3Y*
- 6.00%
- 5Y*
- 1.13%
- 10Y*
- —
CEMU.AS
- 1D
- 0.71%
- 1M
- 3.19%
- YTD
- 7.43%
- 6M
- 9.39%
- 1Y
- 18.96%
- 3Y*
- 19.28%
- 5Y*
- 9.59%
- 10Y*
- 10.28%
IBDU vs. CEMU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 0.71% | 7.59% | 3.62% | 8.67% | -13.04% | -2.05% | 10.38% | 2.35% |
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc) | 7.43% | 41.13% | 3.27% | 22.39% | -17.01% | 14.73% | 8.27% | 7.48% |
Correlation
The correlation between IBDU and CEMU.AS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.18 |
The correlation between IBDU and CEMU.AS shifts across timeframes, from 0.18 (all time) to 0.31 (1 year), 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
IBDU vs. CEMU.AS — Risk / Return Rank
IBDU
CEMU.AS
IBDU vs. CEMU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Corporate ETF (IBDU) and iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBDU | CEMU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.22 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 1.61 | +1.30 |
| Martin ratioReturn relative to average drawdown | 10.78 | 5.72 | +5.05 |
Loading charts...
Drawdowns
IBDU vs. CEMU.AS - Drawdown Comparison
The maximum IBDU drawdown since its inception was -19.44%, smaller than the maximum CEMU.AS drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for IBDU and CEMU.AS.
Loading charts...
Drawdown Indicators
| IBDU | CEMU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -40.14% | +20.70% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -12.28% | +10.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.14% | -15.10% | +10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -35.94% | +16.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.14% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.83% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -8.32% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 3.47% | -3.04% |
Volatility
IBDU vs. CEMU.AS - Volatility Comparison
The current volatility for iShares iBonds Dec 2029 Term Corporate ETF (IBDU) is 0.64%, while iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) has a volatility of 5.10%. This indicates that IBDU experiences smaller price fluctuations and is considered to be less risky than CEMU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBDU | CEMU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 5.10% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 13.64% | -12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 16.36% | -14.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 19.55% | -13.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.30% | 19.46% | -12.16% |
IBDU vs. CEMU.AS - Expense Ratio Comparison
IBDU has a 0.10% expense ratio, which is lower than CEMU.AS's 0.12% 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
IBDU vs. CEMU.AS - Dividend Comparison
IBDU's dividend yield for the trailing twelve months is around 4.66%, while CEMU.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 4.66% | 4.67% | 4.75% | 4.21% | 3.34% | 2.29% | 2.42% | 0.74% |
Frequently Asked Questions
IBDU and CEMU.AS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBDU is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBDU is cheaper with a 0.10% expense ratio, compared with 0.12% for CEMU.AS.
IBDU is categorized as Corporate Bonds, while CEMU.AS is Europe Equities. IBDU tracks Bloomberg December 2029 Maturity Corporate Index, while CEMU.AS tracks MSCI EMU NR EUR. Their fees differ too: 0.10% for IBDU and 0.12% for CEMU.AS.
Find the right allocation for IBDU and CEMU.AS
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