SXR8.DE vs. CEBL.DE
SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) and CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) are both exchange-traded funds - SXR8.DE is a S&P 500 fund tracking the S&P 500 Index, while CEBL.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia. Both are passively managed. Over the past 10 years, SXR8.DE returned 14.87%/yr vs 11.15%/yr for CEBL.DE. A 0.63 correlation means they provide meaningful diversification when combined. SXR8.DE charges 0.07%/yr vs 0.20%/yr for CEBL.DE.
Performance
SXR8.DE vs. CEBL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXR8.DE achieves a 9.96% return, which is significantly lower than CEBL.DE's 30.06% return. Over the past 10 years, SXR8.DE has outperformed CEBL.DE with an annualized return of 14.87%, while CEBL.DE has yielded a comparatively lower 11.15% annualized return.
SXR8.DE
- 1D
- 1.56%
- 1M
- 0.10%
- YTD
- 9.96%
- 6M
- 11.01%
- 1Y
- 24.90%
- 3Y*
- 17.96%
- 5Y*
- 14.24%
- 10Y*
- 14.87%
CEBL.DE
- 1D
- 3.15%
- 1M
- 2.39%
- YTD
- 30.06%
- 6M
- 33.12%
- 1Y
- 52.43%
- 3Y*
- 21.45%
- 5Y*
- 8.70%
- 10Y*
- 11.15%
SXR8.DE vs. CEBL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 9.96% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 30.06% | 19.13% | 18.60% | 3.15% | -15.54% | 2.03% | 15.18% | 22.17% | -12.65% | 25.07% |
Correlation
The correlation between SXR8.DE and CEBL.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2010 | 0.63 |
The correlation between SXR8.DE and CEBL.DE shifts across timeframes, from 0.53 (5 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SXR8.DE vs. CEBL.DE — Risk / Return Rank
SXR8.DE
CEBL.DE
SXR8.DE vs. CEBL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) and iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.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.
| SXR8.DE | CEBL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 4.41 | -0.89 |
| Martin ratioReturn relative to average drawdown | 12.50 | 15.30 | -2.79 |
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Drawdowns
SXR8.DE vs. CEBL.DE - Drawdown Comparison
The maximum SXR8.DE drawdown since its inception was -33.78%, roughly equal to the maximum CEBL.DE drawdown of -35.09%. Use the drawdown chart below to compare losses from any high point for SXR8.DE and CEBL.DE.
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Drawdown Indicators
| SXR8.DE | CEBL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -35.09% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -11.43% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -20.53% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -29.00% | +5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -33.12% | -0.66% |
Current DrawdownCurrent decline from peak | -1.72% | -4.21% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -11.19% | +5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 3.30% | -1.34% |
Volatility
SXR8.DE vs. CEBL.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) is 3.08%, while iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a volatility of 8.13%. This indicates that SXR8.DE experiences smaller price fluctuations and is considered to be less risky than CEBL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXR8.DE | CEBL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 8.13% | -5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 17.29% | -9.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 20.44% | -8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 18.63% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 18.99% | -2.91% |
SXR8.DE vs. CEBL.DE - Expense Ratio Comparison
SXR8.DE has a 0.07% expense ratio, which is lower than CEBL.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SXR8.DE vs. CEBL.DE - Dividend Comparison
Neither SXR8.DE nor CEBL.DE has paid dividends to shareholders.
Frequently Asked Questions
SXR8.DE and CEBL.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for CEBL.DE.
SXR8.DE is categorized as S&P 500, while CEBL.DE is Asia Pacific Equities. SXR8.DE tracks S&P 500 Index, while CEBL.DE tracks MSCI Emerging Markets Asia. Their fees differ too: 0.07% for SXR8.DE and 0.20% for CEBL.DE.
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