IS0S.DE vs. CEB0.DE
IS0S.DE (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) are both Emerging Markets Bonds funds from iShares - IS0S.DE tracks the Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index while CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index. Both are passively managed. Over the past year, IS0S.DE returned -3.00% vs 1.29% for CEB0.DE. At a 0.13 correlation, their price movements are largely independent. IS0S.DE charges 0.50%/yr vs 0.40%/yr for CEB0.DE.
Performance
IS0S.DE vs. CEB0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0S.DE achieves a -1.86% return, which is significantly lower than CEB0.DE's 1.97% return.
IS0S.DE
- 1D
- 0.11%
- 1M
- 1.98%
- 6M
- -2.06%
- YTD
- -1.86%
- 1Y
- -3.00%
- 3Y*
- 0.27%
- 5Y*
- 0.54%
- 10Y*
- 1.09%
CEB0.DE
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 1.89%
- YTD
- 1.97%
- 1Y
- 1.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS0S.DE vs. CEB0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -1.86% | -5.90% | 7.92% |
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.97% | 0.43% | 6.85% |
Correlation
The correlation between IS0S.DE and CEB0.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.13 |
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Return for Risk
IS0S.DE vs. CEB0.DE — Risk / Return Rank
IS0S.DE
CEB0.DE
IS0S.DE vs. CEB0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.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.
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.
| IS0S.DE | CEB0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.14 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 1.16 | -1.64 |
| Martin ratioReturn relative to average drawdown | -0.94 | 2.44 | -3.37 |
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Drawdowns
IS0S.DE vs. CEB0.DE - Drawdown Comparison
The maximum IS0S.DE drawdown since its inception was -30.09%, 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 IS0S.DE and CEB0.DE.
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Drawdown Indicators
| IS0S.DE | CEB0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -1.83% | -28.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -1.11% | -5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -11.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | — | — |
Current DrawdownCurrent decline from peak | -9.65% | -0.06% | -9.59% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -0.37% | -9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 0.48% | +2.71% |
Volatility
IS0S.DE vs. CEB0.DE - Volatility Comparison
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.DE) has a higher volatility of 1.16% compared to iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) at 0.57%. This indicates that IS0S.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
| IS0S.DE | CEB0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.57% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 1.48% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 1.75% | +3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 2.02% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 2.02% | +8.34% |
IS0S.DE vs. CEB0.DE - Expense Ratio Comparison
IS0S.DE has a 0.50% expense ratio, which is higher than CEB0.DE's 0.40% expense ratio.
Dividends
IS0S.DE vs. CEB0.DE - Dividend Comparison
IS0S.DE's dividend yield for the trailing twelve months is around 3.54%, more than CEB0.DE's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.71% | 1.84% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 3.54% | 3.49% | 2.94% | 2.89% | 2.96% | 2.30% | 3.05% | 2.44% | 2.50% | 2.19% | 2.90% | 1.15% |
Frequently Asked Questions
IS0S.DE and CEB0.DE have a correlation of 0.07, 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 0.50% for IS0S.DE.
IS0S.DE tracks Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index, while CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index. Their fees differ too: 0.50% for IS0S.DE and 0.40% for CEB0.DE.
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