AE5B.DE vs. CEMS.DE
AE5B.DE (Amundi MSCI Europe Climate Action UCITS ETF Dist) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - AE5B.DE tracks the MSCI Europe Climate Action while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past year, AE5B.DE returned 12.32% vs 33.02% for CEMS.DE. Their correlation of 0.85 suggests significant overlap in exposure. AE5B.DE charges 0.09%/yr vs 0.25%/yr for CEMS.DE.
Performance
AE5B.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AE5B.DE achieves a 5.29% return, which is significantly lower than CEMS.DE's 13.72% return.
AE5B.DE
- 1D
- 0.62%
- 1M
- 2.96%
- YTD
- 5.29%
- 6M
- 7.80%
- 1Y
- 12.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEMS.DE
- 1D
- 0.10%
- 1M
- 4.58%
- YTD
- 13.72%
- 6M
- 16.86%
- 1Y
- 33.02%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
AE5B.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AE5B.DE Amundi MSCI Europe Climate Action UCITS ETF Dist | 5.29% | 16.59% | 7.50% | 3.40% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 3.59% |
Correlation
The correlation between AE5B.DE and CEMS.DE is 0.88, 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 | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2023 | 0.85 |
The correlation between AE5B.DE and CEMS.DE has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
AE5B.DE vs. CEMS.DE — Risk / Return Rank
AE5B.DE
CEMS.DE
AE5B.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.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.
| AE5B.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.43 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 3.29 | -2.12 |
| Martin ratioReturn relative to average drawdown | 3.95 | 12.37 | -8.41 |
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
| AE5B.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 2.37 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.49 | +0.33 |
Drawdowns
AE5B.DE vs. CEMS.DE - Drawdown Comparison
The maximum AE5B.DE drawdown since its inception was -16.86%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for AE5B.DE and CEMS.DE.
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Drawdown Indicators
| AE5B.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.86% | -40.20% | +23.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.99% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -1.65% | -1.26% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -7.49% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.66% | +0.45% |
Volatility
AE5B.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.DE) is 3.86%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that AE5B.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
| AE5B.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.65% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 11.17% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.37% | 13.87% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 15.23% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.34% | 17.43% | -4.09% |
AE5B.DE vs. CEMS.DE - Expense Ratio Comparison
AE5B.DE has a 0.09% expense ratio, which is lower than CEMS.DE's 0.25% 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
AE5B.DE vs. CEMS.DE - Dividend Comparison
AE5B.DE's dividend yield for the trailing twelve months is around 2.16%, while CEMS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AE5B.DE Amundi MSCI Europe Climate Action UCITS ETF Dist | 2.16% | 2.28% | 2.68% | 0.63% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AE5B.DE and CEMS.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AE5B.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5B.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for CEMS.DE.
AE5B.DE tracks MSCI Europe Climate Action, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.09% for AE5B.DE and 0.25% for CEMS.DE.
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