CEMQ.DE vs. 18M2.DE
CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - CEMQ.DE tracks the MSCI Europe Sector Neutral Quality while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 10 years, CEMQ.DE returned 7.82%/yr vs 8.26%/yr for 18M2.DE. Their correlation of 0.81 suggests significant overlap in exposure. CEMQ.DE charges 0.25%/yr vs 0.30%/yr for 18M2.DE.
Performance
CEMQ.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMQ.DE achieves a 4.17% return, which is significantly lower than 18M2.DE's 6.76% return. Over the past 10 years, CEMQ.DE has underperformed 18M2.DE with an annualized return of 7.82%, while 18M2.DE has yielded a comparatively higher 8.26% annualized return.
CEMQ.DE
- 1D
- 0.82%
- 1M
- -0.63%
- YTD
- 4.17%
- 6M
- 5.95%
- 1Y
- 6.60%
- 3Y*
- 7.83%
- 5Y*
- 5.86%
- 10Y*
- 7.82%
18M2.DE
- 1D
- 0.32%
- 1M
- -0.40%
- YTD
- 6.76%
- 6M
- 8.83%
- 1Y
- 15.64%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
CEMQ.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 4.17% | 10.17% | 3.72% | 14.50% | -11.87% | 26.64% | 1.09% | 32.48% | -7.31% | 10.34% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
Correlation
The correlation between CEMQ.DE and 18M2.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.81 |
The correlation between CEMQ.DE and 18M2.DE shifts across timeframes, from 0.68 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEMQ.DE vs. 18M2.DE — Risk / Return Rank
CEMQ.DE
18M2.DE
CEMQ.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| CEMQ.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 2.55 | -1.75 |
| Martin ratioReturn relative to average drawdown | 2.14 | 6.71 | -4.57 |
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
| CEMQ.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.49 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.66 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.53 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.44 | +0.04 |
Drawdowns
CEMQ.DE vs. 18M2.DE - Drawdown Comparison
The maximum CEMQ.DE drawdown since its inception was -33.74%, smaller than the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for CEMQ.DE and 18M2.DE.
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Drawdown Indicators
| CEMQ.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -37.06% | +3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -6.19% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -14.68% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -20.81% | +1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -33.74% | -37.06% | +3.32% |
Current DrawdownCurrent decline from peak | -2.60% | -1.44% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -6.42% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.36% | +0.81% |
Volatility
CEMQ.DE vs. 18M2.DE - Volatility Comparison
iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) has a higher volatility of 3.97% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that CEMQ.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMQ.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 2.63% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 8.33% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 10.62% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 13.41% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 15.44% | -0.42% |
CEMQ.DE vs. 18M2.DE - Expense Ratio Comparison
CEMQ.DE has a 0.25% expense ratio, which is lower than 18M2.DE's 0.30% expense ratio.
Dividends
CEMQ.DE vs. 18M2.DE - Dividend Comparison
Neither CEMQ.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMQ.DE and 18M2.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMQ.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for 18M2.DE.
CEMQ.DE tracks MSCI Europe Sector Neutral Quality, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for CEMQ.DE and 0.30% for 18M2.DE.
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