VUDY.DE vs. CEMF.DE

Last updated Jun 5, 2026

VUDY.DE (Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing) and CEMF.DE (iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc) are both Government Bonds funds - VUDY.DE tracks the Bloomberg US Treasury 1-3 Year Index while CEMF.DE tracks the ICE US Treasury 7-10 Year (EUR Hedged) Index. Both are passively managed. At a correlation of -0.26, they often move in opposite directions. VUDY.DE charges 0.05%/yr vs 0.10%/yr for CEMF.DE.

Performance

VUDY.DE 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 USD Distributing (VUDY.DE) 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, VUDY.DE achieves a 1.50% return, which is significantly higher than CEMF.DE's -1.42% return.

VUDY.DE

• 1D: -0.04%
• 1M: 0.77%
• YTD: 1.50%
• 6M: 0.93%
• 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)

VUDY.DE vs. CEMF.DE - Yearly Performance Comparison

	2026 (YTD)	2025
VUDY.DE Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing	1.50%	-1.28%
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc	-1.42%	0.10%

Correlation

The correlation between VUDY.DE and CEMF.DE is -0.26, 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 (All Time) Calculated using the full available price history since Nov 7, 2025	-0.26

Return for Risk

VUDY.DE 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 USD Distributing (VUDY.DE) 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

	VUDY.DE	CEMF.DE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.29	-0.22

Drawdowns

VUDY.DE vs. CEMF.DE - Drawdown Comparison

The maximum VUDY.DE drawdown since its inception was -3.65%, smaller than the maximum CEMF.DE drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for VUDY.DE and CEMF.DE.

Drawdown Indicators

	VUDY.DE	CEMF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-3.65%	-4.45%	+0.80%
Current Drawdown Current decline from peak	-1.43%	-2.97%	+1.54%
Average Drawdown Average peak-to-trough decline	-1.51%	-1.20%	-0.31%

Volatility

Volatility by Period

	VUDY.DE	CEMF.DE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.20%	4.62%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.20%	4.62%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.20%	4.62%	+0.58%

VUDY.DE vs. CEMF.DE - Expense Ratio Comparison

VUDY.DE has a 0.05% expense ratio, which is lower than CEMF.DE's 0.10% 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

VUDY.DE vs. CEMF.DE - Dividend Comparison

VUDY.DE's dividend yield for the trailing twelve months is around 1.63%, while CEMF.DE has not paid dividends to shareholders.

Position	TTM	2025
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc	0.00%	0.00%
VUDY.DE Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing	1.63%	0.37%

Frequently Asked Questions

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

VUDY.DE and CEMF.DE have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VUDY.DE or CEMF.DE?

On fees, VUDY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUDY.DE or CEMF.DE?

VUDY.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for CEMF.DE.

What is the main difference between VUDY.DE and CEMF.DE?

VUDY.DE tracks Bloomberg US Treasury 1-3 Year Index, while CEMF.DE tracks ICE US Treasury 7-10 Year (EUR Hedged) Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VUDY.DE and 0.10% for CEMF.DE.