SDEU.L vs. CL=F
SDEU.L (iShares Germany Government Bond UCITS ETF (Dist)) is European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while CL=F (Crude Oil WTI) is an asset. Over the past 10 years, SDEU.L returned -0.29%/yr vs 7.25%/yr for CL=F. At a correlation of -0.05, they often move in opposite directions.
Performance
SDEU.L vs. CL=F - Performance Comparison
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Different Trading Currencies
SDEU.L is traded in GBP, while CL=F is traded in USD. To make them comparable, the CL=F values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SDEU.L achieves a -1.11% return, which is significantly lower than CL=F's 62.46% return. Over the past 10 years, SDEU.L has underperformed CL=F with an annualized return of -0.29%, while CL=F has yielded a comparatively higher 7.25% annualized return.
SDEU.L
- 1D
- 0.24%
- 1M
- 0.20%
- YTD
- -1.11%
- 6M
- -1.01%
- 1Y
- 2.04%
- 3Y*
- 1.13%
- 5Y*
- -2.81%
- 10Y*
- -0.29%
CL=F
- 1D
- -3.24%
- 1M
- -8.32%
- YTD
- 62.46%
- 6M
- 54.63%
- 1Y
- 49.26%
- 3Y*
- 6.01%
- 5Y*
- 7.16%
- 10Y*
- 7.25%
SDEU.L vs. CL=F - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDEU.L iShares Germany Government Bond UCITS ETF (Dist) | -1.11% | 3.89% | -3.80% | 2.90% | -13.18% | -9.06% | 8.46% | -2.18% | 3.12% | 1.86% |
CL=F Crude Oil WTI | 62.41% | -25.15% | 0.91% | -15.17% | 20.21% | 55.44% | -22.33% | 27.86% | -19.87% | 2.78% |
Correlation
The correlation between SDEU.L and CL=F is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 10, 2012 | -0.05 |
The correlation between SDEU.L and CL=F shifts across timeframes, from -0.21 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDEU.L vs. CL=F — Risk / Return Rank
SDEU.L
CL=F
SDEU.L vs. CL=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Germany Government Bond UCITS ETF (Dist) (SDEU.L) and Crude Oil WTI (CL=F). 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.
| SDEU.L | CL=F | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.21 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 1.62 | -1.24 |
| Martin ratioReturn relative to average drawdown | 0.81 | 2.61 | -1.80 |
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
| SDEU.L | CL=F | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.86 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.17 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.14 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.08 | -0.02 |
Drawdowns
SDEU.L vs. CL=F - Drawdown Comparison
The maximum SDEU.L drawdown since its inception was -27.61%, smaller than the maximum CL=F drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for SDEU.L and CL=F.
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Drawdown Indicators
| SDEU.L | CL=F | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.61% | -87.15% | +59.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -26.99% | +22.81% |
Max Drawdown (3Y)Largest decline over 3 years | -7.00% | -45.25% | +38.25% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -57.74% | +37.12% |
Max Drawdown (10Y)Largest decline over 10 years | -27.61% | -84.02% | +56.41% |
Current DrawdownCurrent decline from peak | -23.00% | -28.96% | +5.96% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -34.13% | +22.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 13.30% | -11.30% |
Volatility
SDEU.L vs. CL=F - Volatility Comparison
The current volatility for iShares Germany Government Bond UCITS ETF (Dist) (SDEU.L) is 1.61%, while Crude Oil WTI (CL=F) has a volatility of 15.99%. This indicates that SDEU.L experiences smaller price fluctuations and is considered to be less risky than CL=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDEU.L | CL=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 15.99% | -14.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 47.89% | -44.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.15% | 51.15% | -46.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 39.30% | -31.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.60% | 49.63% | -41.03% |
Frequently Asked Questions
SDEU.L and CL=F have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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