CEMQ.DE vs. ED3F.DE
CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - CEMQ.DE is a Europe Equities fund tracking the MSCI Europe Sector Neutral Quality, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, CEMQ.DE returned 6.60% vs -4.47% for ED3F.DE. At a 0.29 correlation, their price movements are largely independent. CEMQ.DE charges 0.25%/yr vs 0.40%/yr for ED3F.DE.
Performance
CEMQ.DE vs. ED3F.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 ED3F.DE's 0.02% 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%
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEMQ.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 4.17% | 2.54% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between CEMQ.DE and ED3F.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.29 |
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Return for Risk
CEMQ.DE vs. ED3F.DE — Risk / Return Rank
CEMQ.DE
ED3F.DE
CEMQ.DE vs. ED3F.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 Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.01 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | -0.08 | +0.88 |
| Martin ratioReturn relative to average drawdown | 2.14 | -0.18 | +2.32 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | -0.06 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.15 | +0.32 |
Drawdowns
CEMQ.DE vs. ED3F.DE - Drawdown Comparison
The maximum CEMQ.DE drawdown since its inception was -33.74%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for CEMQ.DE and ED3F.DE.
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Drawdown Indicators
| CEMQ.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -23.91% | -9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -23.91% | +15.51% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.74% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -20.80% | +18.20% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -8.37% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 10.25% | -7.08% |
Volatility
CEMQ.DE vs. ED3F.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) is 3.97%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that CEMQ.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 10.58% | -6.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 22.80% | -13.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 30.60% | -18.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 30.42% | -16.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 30.42% | -15.40% |
CEMQ.DE vs. ED3F.DE - Expense Ratio Comparison
CEMQ.DE has a 0.25% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
CEMQ.DE vs. ED3F.DE - Dividend Comparison
Neither CEMQ.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMQ.DE and ED3F.DE have a correlation of 0.30, 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 0.40% for ED3F.DE.
CEMQ.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. CEMQ.DE tracks MSCI Europe Sector Neutral Quality, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.25% for CEMQ.DE and 0.40% for ED3F.DE.
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