AW1Z.DE vs. CEMT.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 6.31%/yr for CEMT.DE. Their correlation of 0.86 suggests significant overlap in exposure. AW1Z.DE charges 0.14%/yr vs 0.25%/yr for CEMT.DE.
Performance
AW1Z.DE vs. CEMT.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 CEMT.DE's 12.49% 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*
- —
CEMT.DE
- 1D
- 0.44%
- 1M
- 2.81%
- 6M
- 12.49%
- YTD
- 12.49%
- 1Y
- 16.53%
- 3Y*
- 13.51%
- 5Y*
- 6.31%
- 10Y*
- 7.89%
AW1Z.DE vs. CEMT.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% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 12.49% | 17.46% | 5.14% | 14.11% | -18.17% | 14.98% |
Correlation
The correlation between AW1Z.DE and CEMT.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.86 |
Over the past year, the correlation between AW1Z.DE and CEMT.DE has dropped to 0.53 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
AW1Z.DE vs. CEMT.DE — Risk / Return Rank
AW1Z.DE
CEMT.DE
AW1Z.DE vs. CEMT.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 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.
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 | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.96 | -0.64 |
| Martin ratioReturn relative to average drawdown | 4.77 | 7.46 | -2.69 |
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Drawdowns
AW1Z.DE vs. CEMT.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum CEMT.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and CEMT.DE.
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Drawdown Indicators
| AW1Z.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -37.62% | +12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -8.75% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -14.36% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -29.23% | +4.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.62% | — |
Current DrawdownCurrent decline from peak | -2.16% | -0.70% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -7.05% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.31% | +0.69% |
Volatility
AW1Z.DE vs. CEMT.DE - Volatility Comparison
UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) has a higher volatility of 3.86% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 3.52%. This indicates that AW1Z.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
| AW1Z.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.52% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 14.90% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 15.76% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 15.98% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 16.26% | -0.21% |
AW1Z.DE vs. CEMT.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is lower than CEMT.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. CEMT.DE - Dividend Comparison
Neither AW1Z.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and CEMT.DE have a correlation of 0.53, 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 CEMT.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: UBS and iShares. Their fees differ too: 0.14% for AW1Z.DE and 0.25% for CEMT.DE.
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