IDFX.L vs. CEBG.L
IDFX.L (iShares China Large Cap UCITS) and CEBG.L (VanEck New China ESG UCITS ETF A) are both China Equities funds tracking the MSCI China NR USD, from iShares and VanEck respectively. Both are passively managed. Over the past 3 years, IDFX.L returned 8.08%/yr vs 1.87%/yr for CEBG.L. A 0.70 correlation means they provide meaningful diversification when combined. IDFX.L charges 0.74%/yr vs 0.60%/yr for CEBG.L.
Performance
IDFX.L vs. CEBG.L - Performance Comparison
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Different Trading Currencies
IDFX.L is traded in USD, while CEBG.L is traded in GBP. To make them comparable, the CEBG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDFX.L achieves a -16.92% return, which is significantly lower than CEBG.L's -7.80% return.
IDFX.L
- 1D
- -2.71%
- 1M
- -10.44%
- YTD
- -16.92%
- 6M
- -17.02%
- 1Y
- -12.78%
- 3Y*
- 8.08%
- 5Y*
- -5.26%
- 10Y*
- 2.39%
CEBG.L
- 1D
- 0.00%
- 1M
- -5.55%
- YTD
- -7.80%
- 6M
- -8.61%
- 1Y
- 2.33%
- 3Y*
- 1.87%
- 5Y*
- —
- 10Y*
- —
IDFX.L vs. CEBG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IDFX.L iShares China Large Cap UCITS | -16.92% | 28.34% | 31.04% | -13.62% | -20.48% | -4.15% |
CEBG.L VanEck New China ESG UCITS ETF A | -7.80% | 24.16% | -0.43% | -9.73% | -28.08% | -21.98% |
Correlation
The correlation between IDFX.L and CEBG.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.70 |
The correlation between IDFX.L and CEBG.L has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.
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Return for Risk
IDFX.L vs. CEBG.L — Risk / Return Rank
IDFX.L
CEBG.L
IDFX.L vs. CEBG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large Cap UCITS (IDFX.L) and VanEck New China ESG UCITS ETF A (CEBG.L). 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.
| IDFX.L | CEBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.04 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 0.16 | -0.72 |
| Martin ratioReturn relative to average drawdown | -1.52 | 0.34 | -1.86 |
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Drawdowns
IDFX.L vs. CEBG.L - Drawdown Comparison
The maximum IDFX.L drawdown since its inception was -70.65%, which is greater than CEBG.L's maximum drawdown of -58.82%. Use the drawdown chart below to compare losses from any high point for IDFX.L and CEBG.L.
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Drawdown Indicators
| IDFX.L | CEBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.65% | -58.82% | -11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -22.71% | -14.88% | -7.83% |
Max Drawdown (3Y)Largest decline over 3 years | -28.73% | -28.11% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -54.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.44% | — | — |
Current DrawdownCurrent decline from peak | -34.14% | -42.83% | +8.69% |
Average DrawdownAverage peak-to-trough decline | -33.90% | -43.37% | +9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.38% | 6.86% | +1.52% |
Volatility
IDFX.L vs. CEBG.L - Volatility Comparison
iShares China Large Cap UCITS (IDFX.L) has a higher volatility of 7.55% compared to VanEck New China ESG UCITS ETF A (CEBG.L) at 4.04%. This indicates that IDFX.L's price experiences larger fluctuations and is considered to be riskier than CEBG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDFX.L | CEBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | 4.04% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 11.77% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 16.83% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.98% | 28.61% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.04% | 28.61% | -2.57% |
IDFX.L vs. CEBG.L - Expense Ratio Comparison
IDFX.L has a 0.74% expense ratio, which is higher than CEBG.L's 0.60% expense ratio.
Dividends
IDFX.L vs. CEBG.L - Dividend Comparison
IDFX.L's dividend yield for the trailing twelve months is around 1.98%, while CEBG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEBG.L 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% |
IDFX.L iShares China Large Cap UCITS | 1.98% | 1.76% | 2.38% | 2.43% | 2.36% | 1.86% | 2.39% | 2.44% | 3.04% | 2.35% | 2.47% | 2.70% |
Frequently Asked Questions
IDFX.L and CEBG.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEBG.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBG.L is cheaper with a 0.60% expense ratio, compared with 0.74% for IDFX.L.
Both ETFs track MSCI China NR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.74% for IDFX.L and 0.60% for CEBG.L.
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