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PJS1.DE vs. CEBU.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PJS1.DE vs. CEBU.DE

Last updated Jul 16, 2026
Documentation

PJS1.DE (PIMCO Euro Short Maturity UCITS ETF EUR Income) and CEBU.DE (iShares $ Short Duration Corp Bond UCITS ETF EUR Hedged (Acc)) are both Short-Term Bond funds. PJS1.DE is actively managed, while CEBU.DE is passively managed. Over the past year, PJS1.DE returned 2.30% vs 1.84% for CEBU.DE. At a 0.06 correlation, their price movements are largely independent. PJS1.DE charges 0.35%/yr vs 0.25%/yr for CEBU.DE.

Performance

PJS1.DE vs. CEBU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in PIMCO Euro Short Maturity UCITS ETF EUR Income (PJS1.DE) and iShares $ Short Duration Corp Bond UCITS ETF EUR Hedged (Acc) (CEBU.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

PJS1.DE

1D
0.02%
1M
0.19%
6M
1.05%
YTD
1.13%
1Y
2.30%
3Y*
3.54%
5Y*
1.91%
10Y*
0.72%

CEBU.DE

1D
0.00%
1M
-0.18%
6M
-0.00%
YTD
-0.00%
1Y
1.84%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PJS1.DE vs. CEBU.DE - Yearly Performance Comparison

2026 (YTD)202520242023
PJS1.DE
PIMCO Euro Short Maturity UCITS ETF EUR Income		1.13%2.86%4.36%1.01%
CEBU.DE
iShares $ Short Duration Corp Bond UCITS ETF EUR Hedged (Acc)		-0.00%3.95%3.10%2.99%

Correlation

The correlation between PJS1.DE and CEBU.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 Oct 27, 2023

0.06

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PIMCO Euro Short Maturity UCITS ETF EUR Income

iShares $ Short Duration Corp Bond UCITS ETF EUR Hedged (Acc)

Often compared with PJS1.DE:
PJS1.DE vs. IUSU.DEPJS1.DE vs. COVR.DEPJS1.DE vs. LDCE.DEPJS1.DE vs. EUHI.DEPJS1.DE vs. PJSR.DEPJS1.DE vs. EUHA.DEPJS1.DE vs. PR1H.DE
Often compared with CEBU.DE:
CEBU.DE vs. NQSE.DECEBU.DE vs. SNAV.DECEBU.DE vs. XYLE.DECEBU.DE vs. IU0E.DECEBU.DE vs. IS3J.DECEBU.DE vs. SEC0.DECEBU.DE vs. EUNA.DE

Return for Risk

PJS1.DE vs. CEBU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PJS1.DE
PJS1.DE Risk / Return Rank: 9797
Overall Rank
PJS1.DE Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
PJS1.DE Sortino Ratio Rank: 9898
Sortino Ratio Rank
PJS1.DE Omega Ratio Rank: 9898
Omega Ratio Rank
PJS1.DE Calmar Ratio Rank: 9595
Calmar Ratio Rank
PJS1.DE Martin Ratio Rank: 9696
Martin Ratio Rank
CEBU.DE
CEBU.DE Risk / Return Rank: 3232
Overall Rank
CEBU.DE Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
CEBU.DE Sortino Ratio Rank: 2828
Sortino Ratio Rank
CEBU.DE Omega Ratio Rank: 3333
Omega Ratio Rank
CEBU.DE Calmar Ratio Rank: 3434
Calmar Ratio Rank
CEBU.DE Martin Ratio Rank: 3535
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PJS1.DE vs. CEBU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Euro Short Maturity UCITS ETF EUR Income (PJS1.DE) and iShares $ Short Duration Corp Bond UCITS ETF EUR Hedged (Acc) (CEBU.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.

PJS1.DECEBU.DEDifference
Sharpe ratioReturn per unit of total volatility
4.48
0.89

+3.59

Sortino ratioReturn per unit of downside risk
7.69
1.31

+6.37

Omega ratioGain probability vs. loss probability

2.13

1.20

+0.93

Calmar ratioReturn relative to maximum drawdown

6.38

1.46

+4.93

Martin ratioReturn relative to average drawdown

28.58

4.41

+24.17

PJS1.DE vs. CEBU.DE - Sharpe Ratio Comparison

The current PJS1.DE Sharpe Ratio is 4.48, which is higher than the CEBU.DE Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of PJS1.DE and CEBU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PJS1.DE vs. CEBU.DE - Drawdown Comparison

The maximum PJS1.DE drawdown since its inception was -5.79%, which is greater than CEBU.DE's maximum drawdown of -1.48%. Use the drawdown chart below to compare losses from any high point for PJS1.DE and CEBU.DE.

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Drawdown Indicators

PJS1.DECEBU.DEDifference

Max Drawdown

Largest peak-to-trough decline

-5.79%

-1.48%

-4.31%

Max Drawdown (1Y)

Largest decline over 1 year

-0.36%

-1.26%

+0.90%

Max Drawdown (3Y)

Largest decline over 3 years

-0.36%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-3.41%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-5.57%

—

—

Current Drawdown

Current decline from peak

-0.01%

-0.54%

+0.53%

Average Drawdown

Average peak-to-trough decline

-1.15%

-0.26%

-0.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.08%

0.42%

-0.34%

Volatility

PJS1.DE vs. CEBU.DE - Volatility Comparison

The current volatility for PIMCO Euro Short Maturity UCITS ETF EUR Income (PJS1.DE) is 0.10%, while iShares $ Short Duration Corp Bond UCITS ETF EUR Hedged (Acc) (CEBU.DE) has a volatility of 0.52%. This indicates that PJS1.DE experiences smaller price fluctuations and is considered to be less risky than CEBU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PJS1.DECEBU.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.10%

0.52%

-0.42%

Volatility (6M)

Calculated over the trailing 6-month period

0.41%

1.67%

-1.26%

Volatility (1Y)

Calculated over the trailing 1-year period

0.51%

2.07%

-1.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.60%

2.35%

-1.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.65%

2.35%

-1.70%

PJS1.DE vs. CEBU.DE - Expense Ratio Comparison

PJS1.DE has a 0.35% expense ratio, which is higher than CEBU.DE's 0.25% expense ratio.

Dividends

PJS1.DE vs. CEBU.DE - Dividend Comparison

PJS1.DE's dividend yield for the trailing twelve months is around 2.86%, while CEBU.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CEBU.DE
iShares $ Short Duration Corp Bond UCITS ETF EUR Hedged (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PJS1.DE
PIMCO Euro Short Maturity UCITS ETF EUR Income		2.86%3.11%3.58%2.90%0.32%0.00%0.00%0.00%0.00%0.02%0.05%0.19%

Frequently Asked Questions

PJS1.DE and CEBU.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, CEBU.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CEBU.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for PJS1.DE.

They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.35% for PJS1.DE and 0.25% for CEBU.DE.

Portfolio Optimizer

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