CEMG.DE vs. SC04.DE
CEMG.DE (iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)) and SC04.DE (Invesco European Household Sector UCITS ETF) are both Consumer Staples Equities funds - CEMG.DE tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR while SC04.DE tracks the STOXX® Europe 600 Optimised Personal & Household Goods. Both are passively managed. Over the past 10 years, CEMG.DE returned 3.25%/yr vs 5.23%/yr for SC04.DE. A 0.60 correlation means they provide meaningful diversification when combined. CEMG.DE charges 0.60%/yr vs 0.20%/yr for SC04.DE.
Performance
CEMG.DE vs. SC04.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMG.DE achieves a -4.44% return, which is significantly lower than SC04.DE's -3.39% return. Over the past 10 years, CEMG.DE has underperformed SC04.DE with an annualized return of 3.25%, while SC04.DE has yielded a comparatively higher 5.23% annualized return.
CEMG.DE
- 1D
- 1.48%
- 1M
- 2.43%
- 6M
- -5.78%
- YTD
- -4.44%
- 1Y
- -3.39%
- 3Y*
- 3.04%
- 5Y*
- -1.83%
- 10Y*
- 3.25%
SC04.DE
- 1D
- 2.22%
- 1M
- 0.86%
- 6M
- -5.31%
- YTD
- -3.39%
- 1Y
- 5.23%
- 3Y*
- 1.54%
- 5Y*
- 2.25%
- 10Y*
- 5.23%
CEMG.DE vs. SC04.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMG.DE iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) | -4.44% | 0.88% | 16.90% | 1.71% | -16.08% | -1.08% | 11.31% | 25.51% | -16.68% | 23.33% |
SC04.DE Invesco European Household Sector UCITS ETF | -3.39% | 7.46% | 7.08% | 8.48% | -10.95% | 19.37% | 6.54% | 29.50% | -16.18% | 13.26% |
Correlation
The correlation between CEMG.DE and SC04.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014 | 0.60 |
Over the past year, the correlation between CEMG.DE and SC04.DE has dropped to 0.34 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
CEMG.DE vs. SC04.DE — Risk / Return Rank
CEMG.DE
SC04.DE
CEMG.DE vs. SC04.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.DE) and Invesco European Household Sector UCITS ETF (SC04.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.
| CEMG.DE | SC04.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.07 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.33 | -0.56 |
| Martin ratioReturn relative to average drawdown | -0.43 | 0.72 | -1.15 |
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Drawdowns
CEMG.DE vs. SC04.DE - Drawdown Comparison
The maximum CEMG.DE drawdown since its inception was -33.95%, which is greater than SC04.DE's maximum drawdown of -29.42%. Use the drawdown chart below to compare losses from any high point for CEMG.DE and SC04.DE.
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Drawdown Indicators
| CEMG.DE | SC04.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.95% | -29.42% | -4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -14.72% | -15.59% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -17.60% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -31.09% | -22.04% | -9.05% |
Max Drawdown (10Y)Largest decline over 10 years | -33.95% | -29.42% | -4.53% |
Current DrawdownCurrent decline from peak | -16.49% | -6.26% | -10.23% |
Average DrawdownAverage peak-to-trough decline | -14.98% | -5.50% | -9.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.91% | 7.26% | +0.65% |
Volatility
CEMG.DE vs. SC04.DE - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.DE) is 3.27%, while Invesco European Household Sector UCITS ETF (SC04.DE) has a volatility of 5.39%. This indicates that CEMG.DE experiences smaller price fluctuations and is considered to be less risky than SC04.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMG.DE | SC04.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 5.39% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | 13.59% | -3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 16.23% | -3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 17.15% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.70% | 16.68% | +3.02% |
CEMG.DE vs. SC04.DE - Expense Ratio Comparison
CEMG.DE has a 0.60% expense ratio, which is higher than SC04.DE's 0.20% expense ratio.
Dividends
CEMG.DE vs. SC04.DE - Dividend Comparison
Neither CEMG.DE nor SC04.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMG.DE and SC04.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC04.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC04.DE is cheaper with a 0.20% expense ratio, compared with 0.60% for CEMG.DE.
CEMG.DE tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while SC04.DE tracks STOXX® Europe 600 Optimised Personal & Household Goods. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.60% for CEMG.DE and 0.20% for SC04.DE.
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