VGEK.DE vs. CEBL.DE
VGEK.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating) and CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) are both Asia Pacific Equities funds - VGEK.DE tracks the FTSE Developed Asia Pacific ex Japan while CEBL.DE tracks the MSCI Emerging Markets Asia. Both are passively managed. Over the past 5 years, VGEK.DE returned 12.83%/yr vs 8.97%/yr for CEBL.DE. Their correlation of 0.80 suggests significant overlap in exposure. VGEK.DE charges 0.15%/yr vs 0.20%/yr for CEBL.DE.
Performance
VGEK.DE vs. CEBL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGEK.DE achieves a 49.52% return, which is significantly higher than CEBL.DE's 31.90% return.
VGEK.DE
- 1D
- -3.21%
- 1M
- 6.68%
- YTD
- 49.52%
- 6M
- 54.00%
- 1Y
- 77.62%
- 3Y*
- 24.83%
- 5Y*
- 12.83%
- 10Y*
- —
CEBL.DE
- 1D
- -1.89%
- 1M
- 5.19%
- YTD
- 31.90%
- 6M
- 32.33%
- 1Y
- 54.45%
- 3Y*
- 22.99%
- 5Y*
- 8.97%
- 10Y*
- 11.02%
VGEK.DE vs. CEBL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating | 49.52% | 25.03% | 1.02% | 6.43% | -7.37% | 9.39% | 8.22% | 6.27% |
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 31.90% | 19.13% | 18.60% | 3.15% | -15.54% | 2.03% | 15.18% | 9.82% |
Correlation
The correlation between VGEK.DE and CEBL.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.80 |
The correlation between VGEK.DE and CEBL.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VGEK.DE vs. CEBL.DE — Risk / Return Rank
VGEK.DE
CEBL.DE
VGEK.DE vs. CEBL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.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.
| VGEK.DE | CEBL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.50 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.17 | 4.83 | +1.34 |
| Martin ratioReturn relative to average drawdown | 24.03 | 17.67 | +6.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VGEK.DE | CEBL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.77 | 2.81 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.48 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.43 | +0.26 |
Drawdowns
VGEK.DE vs. CEBL.DE - Drawdown Comparison
The maximum VGEK.DE drawdown since its inception was -36.64%, roughly equal to the maximum CEBL.DE drawdown of -35.09%. Use the drawdown chart below to compare losses from any high point for VGEK.DE and CEBL.DE.
Loading charts...
Drawdown Indicators
| VGEK.DE | CEBL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.64% | -35.09% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -11.43% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -20.53% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -29.00% | +9.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.12% | — |
Current DrawdownCurrent decline from peak | -3.76% | -2.85% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -11.09% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.13% | +0.19% |
Volatility
VGEK.DE vs. CEBL.DE - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) has a higher volatility of 10.20% compared to iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) at 8.24%. This indicates that VGEK.DE's price experiences larger fluctuations and is considered to be riskier than CEBL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VGEK.DE | CEBL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 8.24% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 16.36% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 19.68% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 18.48% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 18.94% | +0.66% |
VGEK.DE vs. CEBL.DE - Expense Ratio Comparison
VGEK.DE has a 0.15% 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
VGEK.DE vs. CEBL.DE - Dividend Comparison
Neither VGEK.DE nor CEBL.DE has paid dividends to shareholders.
Frequently Asked Questions
VGEK.DE and CEBL.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEK.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEK.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for CEBL.DE.
VGEK.DE tracks FTSE Developed Asia Pacific ex Japan, while CEBL.DE tracks MSCI Emerging Markets Asia. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VGEK.DE and 0.20% for CEBL.DE.
Find the right allocation for VGEK.DE and CEBL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer