CEMG.DE vs. SPYC.DE
CEMG.DE (iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)) and SPYC.DE (SPDR MSCI Europe Consumer Staples UCITS ETF) are both Consumer Staples Equities funds - CEMG.DE tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR while SPYC.DE tracks the MSCI Europe Consumer Staples 20/35 Capped. Both are passively managed. Over the past 10 years, CEMG.DE returned 3.56%/yr vs 2.96%/yr for SPYC.DE. At a 0.49 correlation, their price movements are largely independent. CEMG.DE charges 0.60%/yr vs 0.18%/yr for SPYC.DE.
Performance
CEMG.DE vs. SPYC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMG.DE achieves a -7.03% return, which is significantly lower than SPYC.DE's -1.74% return. Over the past 10 years, CEMG.DE has outperformed SPYC.DE with an annualized return of 3.56%, while SPYC.DE has yielded a comparatively lower 2.96% annualized return.
CEMG.DE
- 1D
- -0.23%
- 1M
- -1.58%
- YTD
- -7.03%
- 6M
- -8.66%
- 1Y
- -8.22%
- 3Y*
- 3.00%
- 5Y*
- -2.27%
- 10Y*
- 3.56%
SPYC.DE
- 1D
- -0.47%
- 1M
- -2.57%
- YTD
- -1.74%
- 6M
- -1.39%
- 1Y
- -4.36%
- 3Y*
- -0.28%
- 5Y*
- 0.74%
- 10Y*
- 2.96%
CEMG.DE vs. SPYC.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) | -7.03% | 0.86% | 16.93% | 1.69% | -16.08% | -1.07% | 11.30% | 25.51% | -16.68% | 23.33% |
SPYC.DE SPDR MSCI Europe Consumer Staples UCITS ETF | -1.74% | 7.08% | -2.32% | 0.74% | -8.67% | 20.59% | -3.72% | 25.93% | -8.92% | 8.62% |
Correlation
The correlation between CEMG.DE and SPYC.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2014 | 0.49 |
Over the past year, the correlation between CEMG.DE and SPYC.DE has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
CEMG.DE vs. SPYC.DE — Risk / Return Rank
CEMG.DE
SPYC.DE
CEMG.DE vs. SPYC.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 SPDR MSCI Europe Consumer Staples UCITS ETF (SPYC.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.
| CEMG.DE | SPYC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.95 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.37 | -0.21 |
| Martin ratioReturn relative to average drawdown | -1.23 | -0.79 | -0.44 |
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
| CEMG.DE | SPYC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.64 | -0.36 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.06 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.22 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.32 | -0.10 |
Drawdowns
CEMG.DE vs. SPYC.DE - Drawdown Comparison
The maximum CEMG.DE drawdown since its inception was -33.94%, which is greater than SPYC.DE's maximum drawdown of -24.80%. Use the drawdown chart below to compare losses from any high point for CEMG.DE and SPYC.DE.
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Drawdown Indicators
| CEMG.DE | SPYC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -24.80% | -9.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.05% | -12.47% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.18% | -12.47% | -7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.08% | -15.06% | -16.02% |
Max Drawdown (10Y)Largest decline over 10 years | -33.94% | -24.80% | -9.14% |
Current DrawdownCurrent decline from peak | -18.75% | -11.20% | -7.55% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -5.99% | -6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 5.89% | +0.79% |
Volatility
CEMG.DE vs. SPYC.DE - Volatility Comparison
iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.DE) and SPDR MSCI Europe Consumer Staples UCITS ETF (SPYC.DE) have volatilities of 4.37% and 4.54%, 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
| CEMG.DE | SPYC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 4.54% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 10.59% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 12.98% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 12.45% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 13.38% | +4.95% |
CEMG.DE vs. SPYC.DE - Expense Ratio Comparison
CEMG.DE has a 0.60% expense ratio, which is higher than SPYC.DE's 0.18% expense ratio.
Dividends
CEMG.DE vs. SPYC.DE - Dividend Comparison
Neither CEMG.DE nor SPYC.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMG.DE and SPYC.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYC.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYC.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for CEMG.DE.
CEMG.DE tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while SPYC.DE tracks MSCI Europe Consumer Staples 20/35 Capped. They also come from different issuers: iShares and State Street. Their fees differ too: 0.60% for CEMG.DE and 0.18% for SPYC.DE.
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