L4K3.DE vs. CEBG.DE
L4K3.DE (Amundi MSCI China UCITS ETF Acc) and CEBG.DE (VanEck New China ESG UCITS ETF A) are both China Equities funds - L4K3.DE tracks the MSCI China while CEBG.DE tracks the MarketGrader New China ESG. Both are passively managed. Over the past 5 years, L4K3.DE returned -4.01%/yr vs 13.92%/yr for CEBG.DE. At a 0.34 correlation, their price movements are largely independent. L4K3.DE charges 0.29%/yr vs 0.60%/yr for CEBG.DE.
Performance
L4K3.DE vs. CEBG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, L4K3.DE achieves a -6.67% return, which is significantly lower than CEBG.DE's 11.81% return.
L4K3.DE
- 1D
- -0.37%
- 1M
- -3.46%
- YTD
- -6.67%
- 6M
- -9.21%
- 1Y
- 2.64%
- 3Y*
- 8.01%
- 5Y*
- -4.01%
- 10Y*
- —
CEBG.DE
- 1D
- -2.29%
- 1M
- -0.50%
- YTD
- 11.81%
- 6M
- 15.24%
- 1Y
- 32.71%
- 3Y*
- 9.54%
- 5Y*
- 13.92%
- 10Y*
- 6.90%
L4K3.DE vs. CEBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
L4K3.DE Amundi MSCI China UCITS ETF Acc | -6.67% | 17.15% | 27.30% | -14.42% | -14.90% | -16.74% | 15.62% | 7.71% |
CEBG.DE VanEck New China ESG UCITS ETF A | 11.81% | 38.75% | -22.52% | 33.05% | 5.85% | 26.86% | -10.03% | 8.78% |
Correlation
The correlation between L4K3.DE and CEBG.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2019 | 0.34 |
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Return for Risk
L4K3.DE vs. CEBG.DE — Risk / Return Rank
L4K3.DE
CEBG.DE
L4K3.DE vs. CEBG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI China UCITS ETF Acc (L4K3.DE) and VanEck New China ESG UCITS ETF A (CEBG.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.
| L4K3.DE | CEBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.29 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 2.78 | -2.66 |
| Martin ratioReturn relative to average drawdown | 0.21 | 11.03 | -10.82 |
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
| L4K3.DE | CEBG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 1.63 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.65 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.24 | -0.21 |
Drawdowns
L4K3.DE vs. CEBG.DE - Drawdown Comparison
The maximum L4K3.DE drawdown since its inception was -55.69%, roughly equal to the maximum CEBG.DE drawdown of -53.49%. Use the drawdown chart below to compare losses from any high point for L4K3.DE and CEBG.DE.
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Drawdown Indicators
| L4K3.DE | CEBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.69% | -53.49% | -2.20% |
Max Drawdown (1Y)Largest decline over 1 year | -25.74% | -11.78% | -13.96% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -30.41% | +4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -49.06% | -30.41% | -18.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.60% | — |
Current DrawdownCurrent decline from peak | -31.32% | -4.44% | -26.88% |
Average DrawdownAverage peak-to-trough decline | -28.02% | -15.04% | -12.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.28% | 2.98% | +12.30% |
Volatility
L4K3.DE vs. CEBG.DE - Volatility Comparison
The current volatility for Amundi MSCI China UCITS ETF Acc (L4K3.DE) is 7.29%, while VanEck New China ESG UCITS ETF A (CEBG.DE) has a volatility of 7.80%. This indicates that L4K3.DE experiences smaller price fluctuations and is considered to be less risky than CEBG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L4K3.DE | CEBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 7.80% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 16.73% | -3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 20.05% | +7.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.30% | 21.13% | +8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.03% | 24.18% | +3.85% |
L4K3.DE vs. CEBG.DE - Expense Ratio Comparison
L4K3.DE has a 0.29% expense ratio, which is lower than CEBG.DE's 0.60% expense ratio.
Dividends
L4K3.DE vs. CEBG.DE - Dividend Comparison
Neither L4K3.DE nor CEBG.DE has paid dividends to shareholders.
Frequently Asked Questions
L4K3.DE and CEBG.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L4K3.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L4K3.DE is cheaper with a 0.29% expense ratio, compared with 0.60% for CEBG.DE.
L4K3.DE tracks MSCI China, while CEBG.DE tracks MarketGrader New China ESG. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.29% for L4K3.DE and 0.60% for CEBG.DE.
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