5MVL.DE vs. CEMS.DE
5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both exchange-traded funds - 5MVL.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Select Value Factor Focus, while CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, 5MVL.DE returned 16.95%/yr vs 14.39%/yr for CEMS.DE. A 0.60 correlation means they provide meaningful diversification when combined. 5MVL.DE charges 0.40%/yr vs 0.25%/yr for CEMS.DE.
Performance
5MVL.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 5MVL.DE achieves a 43.44% return, which is significantly higher than CEMS.DE's 14.37% return.
5MVL.DE
- 1D
- 3.39%
- 1M
- 4.58%
- YTD
- 43.44%
- 6M
- 48.91%
- 1Y
- 74.54%
- 3Y*
- 32.41%
- 5Y*
- 16.95%
- 10Y*
- —
CEMS.DE
- 1D
- 2.48%
- 1M
- 3.42%
- YTD
- 14.37%
- 6M
- 17.13%
- 1Y
- 32.78%
- 3Y*
- 21.17%
- 5Y*
- 14.39%
- 10Y*
- 11.60%
5MVL.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 43.44% | 27.25% | 21.00% | 14.59% | -10.56% | 13.09% | -2.40% | 20.36% | -14.02% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 14.37% | 36.00% | 9.92% | 13.88% | -4.51% | 26.64% | -8.83% | 23.35% | -5.69% |
Correlation
The correlation between 5MVL.DE and CEMS.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018 | 0.60 |
The correlation between 5MVL.DE and CEMS.DE has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
5MVL.DE vs. CEMS.DE — Risk / Return Rank
5MVL.DE
CEMS.DE
5MVL.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 5MVL.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.41 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 7.62 | 3.26 | +4.36 |
| Martin ratioReturn relative to average drawdown | 23.86 | 12.19 | +11.67 |
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Drawdowns
5MVL.DE vs. CEMS.DE - Drawdown Comparison
The maximum 5MVL.DE drawdown since its inception was -32.22%, smaller than the maximum CEMS.DE drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for 5MVL.DE and CEMS.DE.
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Drawdown Indicators
| 5MVL.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.22% | -40.22% | +8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -10.02% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -17.61% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -20.60% | -19.56% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.22% | — |
Current DrawdownCurrent decline from peak | -5.46% | -0.66% | -4.80% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -7.50% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.68% | +0.43% |
Volatility
5MVL.DE vs. CEMS.DE - Volatility Comparison
iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a higher volatility of 9.05% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 4.88%. This indicates that 5MVL.DE's price experiences larger fluctuations and is considered to be riskier than CEMS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5MVL.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 4.88% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.96% | 11.54% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 14.15% | +5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 15.31% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 17.46% | +1.88% |
5MVL.DE vs. CEMS.DE - Expense Ratio Comparison
5MVL.DE has a 0.40% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
5MVL.DE vs. CEMS.DE - Dividend Comparison
Neither 5MVL.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
5MVL.DE and CEMS.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for 5MVL.DE.
5MVL.DE is categorized as Emerging Markets Equities, while CEMS.DE is Europe Equities. 5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.40% for 5MVL.DE and 0.25% for CEMS.DE.
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