18M2.DE vs. CEMT.DE
18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - 18M2.DE tracks the MSCI EMU High Dividend Yield while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, 18M2.DE returned 8.26%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.84 suggests significant overlap in exposure. 18M2.DE charges 0.30%/yr vs 0.25%/yr for CEMT.DE.
Performance
18M2.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, 18M2.DE has outperformed CEMT.DE with an annualized return of 8.26%, while CEMT.DE has yielded a comparatively lower 6.44% annualized return.
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
18M2.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 13.62% |
Correlation
The correlation between 18M2.DE and CEMT.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.84 |
Over the past year, the correlation between 18M2.DE and CEMT.DE has dropped to 0.42 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
18M2.DE vs. CEMT.DE — Risk / Return Rank
18M2.DE
CEMT.DE
18M2.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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.
| 18M2.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.10 | +1.45 |
| Martin ratioReturn relative to average drawdown | 6.71 | 4.03 | +2.67 |
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
| 18M2.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.77 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.28 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.40 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.37 | +0.07 |
Drawdowns
18M2.DE vs. CEMT.DE - Drawdown Comparison
The maximum 18M2.DE drawdown since its inception was -37.06%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and CEMT.DE.
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Drawdown Indicators
| 18M2.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -37.66% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -4.26% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -14.36% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -29.23% | +8.42% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -37.66% | +0.60% |
Current DrawdownCurrent decline from peak | -1.44% | -0.39% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -7.08% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 1.16% | +1.20% |
Volatility
18M2.DE vs. CEMT.DE - Volatility Comparison
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) has a higher volatility of 2.63% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that 18M2.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18M2.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 0.00% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 0.00% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 6.11% | +4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 14.61% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 16.11% | -0.67% |
18M2.DE vs. CEMT.DE - Expense Ratio Comparison
18M2.DE has a 0.30% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
18M2.DE vs. CEMT.DE - Dividend Comparison
Neither 18M2.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
18M2.DE and CEMT.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for 18M2.DE.
18M2.DE tracks MSCI EMU High Dividend Yield, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for 18M2.DE and 0.25% for CEMT.DE.
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