AW1Z.DE vs. CEMS.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 15.45%/yr for CEMS.DE. Their correlation of 0.83 suggests significant overlap in exposure. AW1Z.DE charges 0.14%/yr vs 0.25%/yr for CEMS.DE.
Performance
AW1Z.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1Z.DE achieves a 9.37% return, which is significantly lower than CEMS.DE's 15.46% return.
AW1Z.DE
- 1D
- 0.00%
- 1M
- -1.84%
- 6M
- 5.98%
- YTD
- 9.37%
- 1Y
- 14.54%
- 3Y*
- 11.80%
- 5Y*
- 7.97%
- 10Y*
- —
CEMS.DE
- 1D
- -0.43%
- 1M
- 1.33%
- 6M
- 12.44%
- YTD
- 15.46%
- 1Y
- 33.40%
- 3Y*
- 21.29%
- 5Y*
- 15.45%
- 10Y*
- 11.14%
AW1Z.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1Z.DE UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc | 9.37% | 16.28% | 6.31% | 17.64% | -13.87% | 18.74% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 15.46% | 36.00% | 9.92% | 13.88% | -4.51% | 15.82% |
Correlation
The correlation between AW1Z.DE and CEMS.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.83 |
The correlation between AW1Z.DE and CEMS.DE has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. CEMS.DE — Risk / Return Rank
AW1Z.DE
CEMS.DE
AW1Z.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.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.
| AW1Z.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 3.28 | -1.96 |
| Martin ratioReturn relative to average drawdown | 4.77 | 12.34 | -7.57 |
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Drawdowns
AW1Z.DE vs. CEMS.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum CEMS.DE drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and CEMS.DE.
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Drawdown Indicators
| AW1Z.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -40.22% | +15.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -10.02% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -17.61% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -19.56% | -5.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.22% | — |
Current DrawdownCurrent decline from peak | -2.16% | -1.72% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -7.44% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.67% | +0.33% |
Volatility
AW1Z.DE vs. CEMS.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) is 3.86%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.20%. This indicates that AW1Z.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
| AW1Z.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.20% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 12.03% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 14.24% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 15.28% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 17.06% | -1.01% |
AW1Z.DE vs. CEMS.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% 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
AW1Z.DE vs. CEMS.DE - Dividend Comparison
Neither AW1Z.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and CEMS.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW1Z.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1Z.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for CEMS.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: UBS and iShares. Their fees differ too: 0.14% for AW1Z.DE and 0.25% for CEMS.DE.
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