CEBZ.DE vs. CEMS.DE
CEBZ.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - CEBZ.DE tracks the MSCI Europe Index while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past year, CEBZ.DE returned 16.09% vs 32.08% for CEMS.DE. Their correlation of 0.90 suggests significant overlap in exposure. CEBZ.DE charges 0.12%/yr vs 0.25%/yr for CEMS.DE.
Performance
CEBZ.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEBZ.DE achieves a 7.37% return, which is significantly lower than CEMS.DE's 13.72% return.
CEBZ.DE
- 1D
- 0.58%
- 1M
- 3.21%
- YTD
- 7.37%
- 6M
- 9.72%
- 1Y
- 16.09%
- 3Y*
- —
- 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%
CEBZ.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEBZ.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.37% | 20.45% | 1.33% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 5.28% |
Correlation
The correlation between CEBZ.DE and CEMS.DE is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.90 |
The correlation between CEBZ.DE and CEMS.DE has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
CEBZ.DE vs. CEMS.DE — Risk / Return Rank
CEBZ.DE
CEMS.DE
CEBZ.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.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.
| CEBZ.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.29 | -1.62 |
| Martin ratioReturn relative to average drawdown | 6.29 | 12.37 | -6.07 |
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
| CEBZ.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.37 | -1.14 |
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 | 0.95 | 0.49 | +0.46 |
Drawdowns
CEBZ.DE vs. CEMS.DE - Drawdown Comparison
The maximum CEBZ.DE drawdown since its inception was -16.41%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for CEBZ.DE and CEMS.DE.
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Drawdown Indicators
| CEBZ.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.41% | -40.20% | +23.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -9.99% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.57% | — |
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 | -1.61% | -1.26% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -7.49% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.66% | -0.11% |
Volatility
CEBZ.DE vs. CEMS.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) have volatilities of 4.49% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEBZ.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.65% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 11.17% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 13.87% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 15.23% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 17.43% | -3.61% |
CEBZ.DE vs. CEMS.DE - Expense Ratio Comparison
CEBZ.DE has a 0.12% 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
CEBZ.DE vs. CEMS.DE - Dividend Comparison
Neither CEBZ.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, CEBZ.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.
On fees, CEBZ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEBZ.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for CEMS.DE.
CEBZ.DE tracks MSCI Europe Index, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.12% for CEBZ.DE and 0.25% for CEMS.DE.
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