XUEB.DE vs. CEB0.DE
XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) and CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) are both Emerging Markets Bonds funds - XUEB.DE tracks the JPM EMBI Global Diversified TR USD while CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index. Both are passively managed. Over the past year, XUEB.DE returned 10.76% vs 1.54% for CEB0.DE. At a 0.07 correlation, their price movements are largely independent. XUEB.DE charges 0.25%/yr vs 0.40%/yr for CEB0.DE.
Performance
XUEB.DE vs. CEB0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEB.DE achieves a 3.66% return, which is significantly higher than CEB0.DE's 1.63% return.
XUEB.DE
- 1D
- -0.10%
- 1M
- 1.42%
- YTD
- 3.66%
- 6M
- 3.08%
- 1Y
- 10.76%
- 3Y*
- 7.25%
- 5Y*
- 2.85%
- 10Y*
- —
CEB0.DE
- 1D
- -0.13%
- 1M
- 0.36%
- YTD
- 1.63%
- 6M
- 1.65%
- 1Y
- 1.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XUEB.DE vs. CEB0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 3.66% | 1.23% | 8.17% |
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.63% | 0.43% | 6.89% |
Correlation
The correlation between XUEB.DE and CEB0.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.07 |
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Return for Risk
XUEB.DE vs. CEB0.DE — Risk / Return Rank
XUEB.DE
CEB0.DE
XUEB.DE vs. CEB0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) and iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.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.
| XUEB.DE | CEB0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.18 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 1.43 | +2.40 |
| Martin ratioReturn relative to average drawdown | 10.83 | 3.02 | +7.81 |
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
| XUEB.DE | CEB0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.94 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 2.03 | -1.78 |
Drawdowns
XUEB.DE vs. CEB0.DE - Drawdown Comparison
The maximum XUEB.DE drawdown since its inception was -17.41%, which is greater than CEB0.DE's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for XUEB.DE and CEB0.DE.
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Drawdown Indicators
| XUEB.DE | CEB0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -1.83% | -15.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -1.11% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.34% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -0.38% | -5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.52% | +0.44% |
Volatility
XUEB.DE vs. CEB0.DE - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) has a higher volatility of 1.29% compared to iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) at 1.02%. This indicates that XUEB.DE's price experiences larger fluctuations and is considered to be riskier than CEB0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEB.DE | CEB0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.02% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 1.45% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 1.68% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 2.03% | +6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.56% | 2.03% | +6.53% |
XUEB.DE vs. CEB0.DE - Expense Ratio Comparison
XUEB.DE has a 0.25% expense ratio, which is lower than CEB0.DE's 0.40% expense ratio.
Dividends
XUEB.DE vs. CEB0.DE - Dividend Comparison
XUEB.DE has not paid dividends to shareholders, while CEB0.DE's dividend yield for the trailing twelve months is around 1.81%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.81% | 1.84% | 1.43% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUEB.DE and CEB0.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for CEB0.DE.
XUEB.DE tracks JPM EMBI Global Diversified TR USD, while CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XUEB.DE and 0.40% for CEB0.DE.
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