VUDP.F vs. CEMF.DE

Last updated Jun 5, 2026

VUDP.F (Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing) and CEMF.DE (iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc) are both Government Bonds funds - VUDP.F tracks the Bloomberg U.S. Treasury 1-3 Year Index Hedged in EUR while CEMF.DE tracks the ICE US Treasury 7-10 Year (EUR Hedged) Index. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.

Performance

VUDP.F vs. CEMF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing (VUDP.F) and iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VUDP.F achieves a -1.75% return, which is significantly lower than CEMF.DE's -1.42% return.

VUDP.F

• 1D: 0.10%
• 1M: -0.36%
• YTD: -1.75%
• 6M: -1.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEMF.DE

• 1D: 0.28%
• 1M: -0.19%
• YTD: -1.42%
• 6M: -1.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VUDP.F vs. CEMF.DE - Yearly Performance Comparison

	2026 (YTD)	2025
VUDP.F Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing	-1.75%	1.21%
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc	-1.42%	0.10%

Correlation

The correlation between VUDP.F and CEMF.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.79

Return for Risk

VUDP.F vs. CEMF.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing (VUDP.F) and iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VUDP.F	CEMF.DE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	0.29	-0.72

Drawdowns

VUDP.F vs. CEMF.DE - Drawdown Comparison

The maximum VUDP.F drawdown since its inception was -2.16%, smaller than the maximum CEMF.DE drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for VUDP.F and CEMF.DE.

Drawdown Indicators

	VUDP.F	CEMF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-2.16%	-4.45%	+2.29%
Current Drawdown Current decline from peak	-1.97%	-2.97%	+1.00%
Average Drawdown Average peak-to-trough decline	-0.82%	-1.20%	+0.38%

Volatility

Volatility by Period

	VUDP.F	CEMF.DE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.34%	4.62%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.34%	4.62%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.34%	4.62%	-2.28%

VUDP.F vs. CEMF.DE - Expense Ratio Comparison

Both VUDP.F and CEMF.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VUDP.F vs. CEMF.DE - Dividend Comparison

Neither VUDP.F nor CEMF.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VUDP.F and CEMF.DE in my portfolio?

VUDP.F and CEMF.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VUDP.F or CEMF.DE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUDP.F or CEMF.DE?

VUDP.F and CEMF.DE have the same expense ratio: 0.10% per year.

What is the main difference between VUDP.F and CEMF.DE?

VUDP.F tracks Bloomberg U.S. Treasury 1-3 Year Index Hedged in EUR, while CEMF.DE tracks ICE US Treasury 7-10 Year (EUR Hedged) Index. They also come from different issuers: Vanguard and iShares.