IS02.DE vs. CEB0.DE
IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) are both Emerging Markets Bonds funds from iShares - IS02.DE tracks the JP Morgan EMBI Global Core while CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index. Both are passively managed. Over the past year, IS02.DE returned 9.38% vs 1.59% for CEB0.DE. At a 0.08 correlation, their price movements are largely independent. IS02.DE charges 0.45%/yr vs 0.40%/yr for CEB0.DE.
Performance
IS02.DE vs. CEB0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS02.DE achieves a 2.97% return, which is significantly higher than CEB0.DE's 1.63% return.
IS02.DE
- 1D
- 0.11%
- 1M
- 1.71%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.38%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
CEB0.DE
- 1D
- -0.13%
- 1M
- 0.30%
- YTD
- 1.63%
- 6M
- 1.79%
- 1Y
- 1.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS02.DE vs. CEB0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 8.33% |
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.63% | 0.43% | 6.89% |
Correlation
The correlation between IS02.DE and CEB0.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.08 |
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Return for Risk
IS02.DE vs. CEB0.DE — Risk / Return Rank
IS02.DE
CEB0.DE
IS02.DE vs. CEB0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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.
| IS02.DE | CEB0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.43 | +1.68 |
| Martin ratioReturn relative to average drawdown | 8.98 | 3.02 | +5.96 |
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
| IS02.DE | CEB0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.94 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 2.03 | -1.75 |
Drawdowns
IS02.DE vs. CEB0.DE - Drawdown Comparison
The maximum IS02.DE drawdown since its inception was -16.21%, 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 IS02.DE and CEB0.DE.
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Drawdown Indicators
| IS02.DE | CEB0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -1.83% | -14.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -1.11% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -0.38% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.52% | +0.52% |
Volatility
IS02.DE vs. CEB0.DE - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) has a higher volatility of 1.19% compared to iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) at 1.02%. This indicates that IS02.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
| IS02.DE | CEB0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.02% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.97% | 1.45% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 1.68% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 2.03% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 2.03% | +6.31% |
IS02.DE vs. CEB0.DE - Expense Ratio Comparison
IS02.DE has a 0.45% expense ratio, which is higher than CEB0.DE's 0.40% expense ratio.
Dividends
IS02.DE vs. CEB0.DE - Dividend Comparison
IS02.DE has not paid dividends to shareholders, while CEB0.DE's dividend yield for the trailing twelve months is around 1.81%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.81% | 1.84% | 1.43% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS02.DE and CEB0.DE have a correlation of 0.11, 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 IS02.DE.
IS02.DE tracks JP Morgan EMBI Global Core, while CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index. Their fees differ too: 0.45% for IS02.DE and 0.40% for CEB0.DE.
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