6PSC.DE vs. CEMS.DE
6PSC.DE (Invesco FTSE RAFI Europe UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - 6PSC.DE tracks the FTSE RAFI Europe while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, 6PSC.DE returned 10.23%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.93 suggests significant overlap in exposure. 6PSC.DE charges 0.39%/yr vs 0.25%/yr for CEMS.DE.
Performance
6PSC.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 6PSC.DE achieves a 8.79% return, which is significantly lower than CEMS.DE's 13.72% return. Both investments have delivered pretty close results over the past 10 years, with 6PSC.DE having a 10.23% annualized return and CEMS.DE not far ahead at 10.71%.
6PSC.DE
- 1D
- 0.50%
- 1M
- 1.19%
- YTD
- 8.79%
- 6M
- 11.76%
- 1Y
- 21.88%
- 3Y*
- 18.36%
- 5Y*
- 12.72%
- 10Y*
- 10.23%
CEMS.DE
- 1D
- 0.10%
- 1M
- 2.64%
- YTD
- 13.72%
- 6M
- 16.98%
- 1Y
- 32.08%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
6PSC.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
6PSC.DE Invesco FTSE RAFI Europe UCITS ETF | 8.79% | 28.47% | 10.65% | 16.01% | -4.18% | 26.14% | -8.74% | 22.28% | -11.68% | 10.84% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | -8.86% | 23.48% | -14.04% | 10.16% |
Correlation
The correlation between 6PSC.DE and CEMS.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.93 |
The correlation between 6PSC.DE and CEMS.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
6PSC.DE vs. CEMS.DE — Risk / Return Rank
6PSC.DE
CEMS.DE
6PSC.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Europe UCITS ETF (6PSC.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.
| 6PSC.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.29 | -0.63 |
| Martin ratioReturn relative to average drawdown | 9.93 | 12.37 | -2.44 |
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
| 6PSC.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.37 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.94 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.61 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.49 | +0.04 |
Drawdowns
6PSC.DE vs. CEMS.DE - Drawdown Comparison
The maximum 6PSC.DE drawdown since its inception was -39.52%, roughly equal to the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for 6PSC.DE and CEMS.DE.
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Drawdown Indicators
| 6PSC.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.52% | -40.20% | +0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -9.99% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | -17.57% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | -19.55% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | -40.20% | +0.68% |
Current DrawdownCurrent decline from peak | -1.23% | -1.26% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -7.49% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.66% | -0.45% |
Volatility
6PSC.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Invesco FTSE RAFI Europe UCITS ETF (6PSC.DE) is 3.45%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that 6PSC.DE experiences smaller price fluctuations and is considered to be less risky 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
| 6PSC.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 4.65% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.05% | 11.17% | -2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 13.87% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 15.23% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 17.43% | -0.09% |
6PSC.DE vs. CEMS.DE - Expense Ratio Comparison
6PSC.DE has a 0.39% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
6PSC.DE vs. CEMS.DE - Dividend Comparison
6PSC.DE's dividend yield for the trailing twelve months is around 2.75%, while CEMS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
6PSC.DE Invesco FTSE RAFI Europe UCITS ETF | 2.75% | 3.05% | 3.57% | 3.59% | 3.41% | 2.75% | 2.06% | 3.55% | 3.67% | 2.80% | 2.83% | 2.73% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, 6PSC.DE and CEMS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.39% for 6PSC.DE.
6PSC.DE tracks FTSE RAFI Europe, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for 6PSC.DE and 0.25% for CEMS.DE.
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