ASWA.DE vs. CEMT.DE
ASWA.DE (HANetf European Green Deal UCITS ETF Acc) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - ASWA.DE tracks the SGI European Green Deal ESG Screened while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past year, ASWA.DE returned 0.26% vs 4.36% for CEMT.DE. A 0.72 correlation means they provide meaningful diversification when combined. ASWA.DE charges 0.60%/yr vs 0.25%/yr for CEMT.DE.
Performance
ASWA.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
ASWA.DE
- 1D
- -0.09%
- 1M
- 0.41%
- YTD
- -10.58%
- 6M
- -9.71%
- 1Y
- 0.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
ASWA.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASWA.DE HANetf European Green Deal UCITS ETF Acc | -10.58% | 26.07% | -11.37% | -2.40% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 3.89% |
Correlation
The correlation between ASWA.DE and CEMT.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023 | 0.72 |
Over the past year, the correlation between ASWA.DE and CEMT.DE has dropped to 0.40 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
ASWA.DE vs. CEMT.DE — Risk / Return Rank
ASWA.DE
CEMT.DE
ASWA.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf European Green Deal UCITS ETF Acc (ASWA.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.
| ASWA.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.21 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 1.10 | -1.09 |
| Martin ratioReturn relative to average drawdown | 0.03 | 4.03 | -4.01 |
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
| ASWA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 0.77 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.37 | -0.41 |
Drawdowns
ASWA.DE vs. CEMT.DE - Drawdown Comparison
The maximum ASWA.DE drawdown since its inception was -30.36%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for ASWA.DE and CEMT.DE.
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Drawdown Indicators
| ASWA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.36% | -37.66% | +7.30% |
Max Drawdown (1Y)Largest decline over 1 year | -30.36% | -4.26% | -26.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -23.85% | -0.39% | -23.46% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -7.08% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.54% | 1.16% | +9.38% |
Volatility
ASWA.DE vs. CEMT.DE - Volatility Comparison
HANetf European Green Deal UCITS ETF Acc (ASWA.DE) has a higher volatility of 7.52% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that ASWA.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
| ASWA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 0.00% | +7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 37.06% | 0.00% | +37.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.68% | 6.11% | +27.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.72% | 14.61% | +10.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.72% | 16.11% | +8.61% |
ASWA.DE vs. CEMT.DE - Expense Ratio Comparison
ASWA.DE has a 0.60% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
ASWA.DE vs. CEMT.DE - Dividend Comparison
Neither ASWA.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
ASWA.DE and CEMT.DE have a correlation of 0.40, 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 0.60% for ASWA.DE.
ASWA.DE tracks SGI European Green Deal ESG Screened, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: HANetf and iShares. Their fees differ too: 0.60% for ASWA.DE and 0.25% for CEMT.DE.
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