AW1T.DE vs. CEMS.DE
AW1T.DE (UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - AW1T.DE tracks the MSCI EMU Value while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 3 years, AW1T.DE returned 20.19%/yr vs 21.63%/yr for CEMS.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
AW1T.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1T.DE achieves a 7.24% return, which is significantly lower than CEMS.DE's 13.72% return.
AW1T.DE
- 1D
- 0.20%
- 1M
- 0.50%
- YTD
- 7.24%
- 6M
- 10.78%
- 1Y
- 21.10%
- 3Y*
- 20.19%
- 5Y*
- —
- 10Y*
- —
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%
AW1T.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AW1T.DE UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc | 7.24% | 37.16% | 9.32% | 18.73% | 7.29% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | 1.04% |
Correlation
The correlation between AW1T.DE and CEMS.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.93 |
The correlation between AW1T.DE and CEMS.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
AW1T.DE vs. CEMS.DE — Risk / Return Rank
AW1T.DE
CEMS.DE
AW1T.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc (AW1T.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.
| AW1T.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 3.29 | -0.87 |
| Martin ratioReturn relative to average drawdown | 8.19 | 12.37 | -4.18 |
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
| AW1T.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.37 | -0.72 |
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 | 1.50 | 0.49 | +1.01 |
Drawdowns
AW1T.DE vs. CEMS.DE - Drawdown Comparison
The maximum AW1T.DE drawdown since its inception was -14.81%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for AW1T.DE and CEMS.DE.
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Drawdown Indicators
| AW1T.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -40.20% | +25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -9.99% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -17.57% | +2.76% |
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 | -1.45% | -1.26% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -7.49% | +5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.66% | -0.03% |
Volatility
AW1T.DE vs. CEMS.DE - Volatility Comparison
The current volatility for UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc (AW1T.DE) is 3.45%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that AW1T.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
| AW1T.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 | 10.46% | 11.17% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 13.87% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 15.23% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.79% | 17.43% | -3.64% |
AW1T.DE vs. CEMS.DE - Expense Ratio Comparison
Both AW1T.DE and CEMS.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AW1T.DE vs. CEMS.DE - Dividend Comparison
Neither AW1T.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, AW1T.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AW1T.DE and CEMS.DE have the same expense ratio: 0.25% per year.
AW1T.DE tracks MSCI EMU Value, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: UBS and iShares.
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