CEMQ.DE vs. DBZB.DE
CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both exchange-traded funds - CEMQ.DE is a Europe Equities fund tracking the MSCI Europe Sector Neutral Quality, while DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 10 years, CEMQ.DE returned 7.82%/yr vs -0.99%/yr for DBZB.DE. At a correlation of -0.00, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
CEMQ.DE vs. DBZB.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 higher than DBZB.DE's -0.71% return. Over the past 10 years, CEMQ.DE has outperformed DBZB.DE with an annualized return of 7.82%, while DBZB.DE has yielded a comparatively lower -0.99% annualized return.
CEMQ.DE
- 1D
- 0.82%
- 1M
- 1.15%
- YTD
- 4.17%
- 6M
- 5.95%
- 1Y
- 6.32%
- 3Y*
- 7.83%
- 5Y*
- 5.86%
- 10Y*
- 7.82%
DBZB.DE
- 1D
- 0.15%
- 1M
- -0.18%
- YTD
- -0.71%
- 6M
- -0.56%
- 1Y
- 0.09%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
CEMQ.DE vs. DBZB.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% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | -0.36% | -0.12% |
Correlation
The correlation between CEMQ.DE and DBZB.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | -0.00 |
The correlation between CEMQ.DE and DBZB.DE shifts across timeframes, from -0.00 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEMQ.DE vs. DBZB.DE — Risk / Return Rank
CEMQ.DE
DBZB.DE
CEMQ.DE vs. DBZB.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 Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.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 | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | -0.01 | +0.82 |
| Martin ratioReturn relative to average drawdown | 2.14 | -0.04 | +2.18 |
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 | DBZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | -0.01 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | -0.47 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | -0.21 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.22 | +0.25 |
Drawdowns
CEMQ.DE vs. DBZB.DE - Drawdown Comparison
The maximum CEMQ.DE drawdown since its inception was -33.74%, which is greater than DBZB.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for CEMQ.DE and DBZB.DE.
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Drawdown Indicators
| CEMQ.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -21.88% | -11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -3.52% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -5.14% | -9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -19.51% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -33.74% | -21.88% | -11.86% |
Current DrawdownCurrent decline from peak | -2.60% | -16.44% | +13.84% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -5.97% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 1.26% | +1.91% |
Volatility
CEMQ.DE vs. DBZB.DE - Volatility Comparison
iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) has a higher volatility of 3.97% compared to Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) at 1.48%. This indicates that CEMQ.DE's price experiences larger fluctuations and is considered to be riskier than DBZB.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 | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 1.48% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 3.06% | +6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 3.86% | +8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 5.37% | +8.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 4.74% | +10.28% |
CEMQ.DE vs. DBZB.DE - Expense Ratio Comparison
Both CEMQ.DE and DBZB.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CEMQ.DE vs. DBZB.DE - Dividend Comparison
Neither CEMQ.DE nor DBZB.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMQ.DE and DBZB.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CEMQ.DE and DBZB.DE have the same expense ratio: 0.25% per year.
CEMQ.DE is categorized as Europe Equities, while DBZB.DE is Global Bonds. CEMQ.DE tracks MSCI Europe Sector Neutral Quality, while DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: iShares and Xtrackers.
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