RCRS.DE vs. CE31.L
RCRS.DE (Rize Cybersecurity and Data Privacy UCITS ETF) and CE31.L (iShares Euro Government Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - RCRS.DE is a Technology Equities fund tracking the Foxberry Tematica Research Cybersecurity & Data Privacy, while CE31.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, RCRS.DE returned 8.90%/yr vs 0.82%/yr for CE31.L. At a correlation of -0.07, they often move in opposite directions. RCRS.DE charges 0.45%/yr vs 0.15%/yr for CE31.L.
Performance
RCRS.DE vs. CE31.L - Performance Comparison
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Different Trading Currencies
RCRS.DE is traded in EUR, while CE31.L is traded in GBp. To make them comparable, the CE31.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, RCRS.DE achieves a 23.15% return, which is significantly higher than CE31.L's 0.19% return.
RCRS.DE
- 1D
- -0.39%
- 1M
- 26.73%
- YTD
- 23.15%
- 6M
- 18.84%
- 1Y
- 6.93%
- 3Y*
- 17.02%
- 5Y*
- 8.90%
- 10Y*
- —
CE31.L
- 1D
- 0.09%
- 1M
- 0.34%
- YTD
- 0.19%
- 6M
- 0.35%
- 1Y
- 0.98%
- 3Y*
- 2.65%
- 5Y*
- 0.82%
- 10Y*
- 0.38%
RCRS.DE vs. CE31.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RCRS.DE Rize Cybersecurity and Data Privacy UCITS ETF | 23.15% | -9.03% | 15.32% | 41.92% | -29.24% | 13.78% | 26.70% |
CE31.L iShares Euro Government Bond 1-3yr UCITS ETF (Acc) | 0.21% | 1.94% | 3.14% | 3.61% | -4.18% | -1.24% | 0.32% |
Correlation
The correlation between RCRS.DE and CE31.L is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2020 | -0.07 |
The correlation between RCRS.DE and CE31.L shifts across timeframes, from -0.14 (1 year) to -0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RCRS.DE vs. CE31.L — Risk / Return Rank
RCRS.DE
CE31.L
RCRS.DE vs. CE31.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rize Cybersecurity and Data Privacy UCITS ETF (RCRS.DE) and iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.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.
| RCRS.DE | CE31.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.07 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 0.72 | -0.48 |
| Martin ratioReturn relative to average drawdown | 0.52 | 2.13 | -1.60 |
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
| RCRS.DE | CE31.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.40 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.25 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.14 | +0.25 |
Drawdowns
RCRS.DE vs. CE31.L - Drawdown Comparison
The maximum RCRS.DE drawdown since its inception was -37.72%, which is greater than CE31.L's maximum drawdown of -7.27%. Use the drawdown chart below to compare losses from any high point for RCRS.DE and CE31.L.
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Drawdown Indicators
| RCRS.DE | CE31.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.72% | -7.27% | -30.45% |
Max Drawdown (1Y)Largest decline over 1 year | -31.20% | -1.35% | -29.85% |
Max Drawdown (3Y)Largest decline over 3 years | -37.72% | -1.38% | -36.34% |
Max Drawdown (5Y)Largest decline over 5 years | -37.72% | -5.71% | -32.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.27% | — |
Current DrawdownCurrent decline from peak | -3.93% | -0.56% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -13.76% | -1.73% | -12.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.03% | 0.46% | +13.57% |
Volatility
RCRS.DE vs. CE31.L - Volatility Comparison
Rize Cybersecurity and Data Privacy UCITS ETF (RCRS.DE) has a higher volatility of 11.83% compared to iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.L) at 0.99%. This indicates that RCRS.DE's price experiences larger fluctuations and is considered to be riskier than CE31.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCRS.DE | CE31.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.83% | 0.99% | +10.84% |
Volatility (6M)Calculated over the trailing 6-month period | 24.28% | 1.88% | +22.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.64% | 2.41% | +25.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.48% | 3.36% | +22.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.14% | 3.97% | +22.17% |
RCRS.DE vs. CE31.L - Expense Ratio Comparison
RCRS.DE has a 0.45% expense ratio, which is higher than CE31.L's 0.15% expense ratio.
Dividends
RCRS.DE vs. CE31.L - Dividend Comparison
Neither RCRS.DE nor CE31.L has paid dividends to shareholders.
Frequently Asked Questions
RCRS.DE and CE31.L have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CE31.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CE31.L is cheaper with a 0.15% expense ratio, compared with 0.45% for RCRS.DE.
RCRS.DE is categorized as Technology Equities, while CE31.L is European Government Bonds. RCRS.DE tracks Foxberry Tematica Research Cybersecurity & Data Privacy, while CE31.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR. They also come from different issuers: Davy and iShares. Their fees differ too: 0.45% for RCRS.DE and 0.15% for CE31.L.
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