CBUH.DE vs. CEMR.DE
CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both Momentum funds from iShares - CBUH.DE tracks the MSCI World Momentum ESG Reduced Carbon Target Select while CEMR.DE tracks the MSCI Europe Momentum Index. Both are passively managed. Over the past 3 years, CBUH.DE returned 22.30%/yr vs 20.23%/yr for CEMR.DE. A 0.78 correlation means they provide meaningful diversification when combined. CBUH.DE charges 0.30%/yr vs 0.25%/yr for CEMR.DE.
Performance
CBUH.DE vs. CEMR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUH.DE achieves a 22.41% return, which is significantly higher than CEMR.DE's 7.91% return.
CBUH.DE
- 1D
- -0.51%
- 1M
- 4.74%
- YTD
- 22.41%
- 6M
- 23.42%
- 1Y
- 31.87%
- 3Y*
- 22.30%
- 5Y*
- —
- 10Y*
- —
CEMR.DE
- 1D
- -0.11%
- 1M
- 2.92%
- YTD
- 7.91%
- 6M
- 11.43%
- 1Y
- 17.51%
- 3Y*
- 20.23%
- 5Y*
- 11.35%
- 10Y*
- 11.36%
CBUH.DE vs. CEMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 22.41% | 7.97% | 28.91% | 13.46% | -17.00% | 0.41% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.91% | 27.17% | 20.01% | 12.79% | -15.33% | 2.40% |
Correlation
The correlation between CBUH.DE and CEMR.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.78 |
The correlation between CBUH.DE and CEMR.DE has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
CBUH.DE vs. CEMR.DE — Risk / Return Rank
CBUH.DE
CEMR.DE
CBUH.DE vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.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.
| CBUH.DE | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 1.49 | +1.89 |
| Martin ratioReturn relative to average drawdown | 13.99 | 5.53 | +8.46 |
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
| CBUH.DE | CEMR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.01 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.61 | +0.03 |
Drawdowns
CBUH.DE vs. CEMR.DE - Drawdown Comparison
The maximum CBUH.DE drawdown since its inception was -22.61%, smaller than the maximum CEMR.DE drawdown of -31.78%. Use the drawdown chart below to compare losses from any high point for CBUH.DE and CEMR.DE.
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Drawdown Indicators
| CBUH.DE | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.61% | -31.78% | +9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -11.73% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -15.75% | -6.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.78% | — |
Current DrawdownCurrent decline from peak | -0.51% | -1.48% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -6.03% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.16% | -0.89% |
Volatility
CBUH.DE vs. CEMR.DE - Volatility Comparison
iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) has a higher volatility of 4.80% compared to iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) at 4.42%. This indicates that CBUH.DE's price experiences larger fluctuations and is considered to be riskier than CEMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUH.DE | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 4.42% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 14.63% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 17.29% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 16.37% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 16.48% | +0.43% |
CBUH.DE vs. CEMR.DE - Expense Ratio Comparison
CBUH.DE has a 0.30% expense ratio, which is higher than CEMR.DE's 0.25% expense ratio.
Dividends
CBUH.DE vs. CEMR.DE - Dividend Comparison
Neither CBUH.DE nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUH.DE and CEMR.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMR.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMR.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for CBUH.DE.
CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select, while CEMR.DE tracks MSCI Europe Momentum Index. Their fees differ too: 0.30% for CBUH.DE and 0.25% for CEMR.DE.
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