CEMQ.DE vs. EL42.DE
CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) and EL42.DE (Deka MSCI Europe UCITS ETF) are both Europe Equities funds - CEMQ.DE tracks the MSCI Europe Sector Neutral Quality while EL42.DE tracks the MSCI Europe. Both are passively managed. Over the past 10 years, CEMQ.DE returned 7.82%/yr vs 8.94%/yr for EL42.DE. Their correlation of 0.95 suggests significant overlap in exposure. CEMQ.DE charges 0.25%/yr vs 0.30%/yr for EL42.DE.
Performance
CEMQ.DE vs. EL42.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 EL42.DE's 7.59% return. Over the past 10 years, CEMQ.DE has underperformed EL42.DE with an annualized return of 7.82%, while EL42.DE has yielded a comparatively higher 8.94% 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%
EL42.DE
- 1D
- 0.56%
- 1M
- 1.11%
- YTD
- 7.59%
- 6M
- 9.92%
- 1Y
- 15.89%
- 3Y*
- 13.43%
- 5Y*
- 9.71%
- 10Y*
- 8.94%
CEMQ.DE vs. EL42.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% |
EL42.DE Deka MSCI Europe UCITS ETF | 7.59% | 20.03% | 7.79% | 15.64% | -9.11% | 24.38% | -3.36% | 27.36% | -10.93% | 10.10% |
Correlation
The correlation between CEMQ.DE and EL42.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.95 |
The correlation between CEMQ.DE and EL42.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
CEMQ.DE vs. EL42.DE — Risk / Return Rank
CEMQ.DE
EL42.DE
CEMQ.DE vs. EL42.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 Deka MSCI Europe UCITS ETF (EL42.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 | EL42.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.67 | -0.86 |
| Martin ratioReturn relative to average drawdown | 2.14 | 6.24 | -4.10 |
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 | EL42.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.25 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.68 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.57 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.60 | -0.12 |
Drawdowns
CEMQ.DE vs. EL42.DE - Drawdown Comparison
The maximum CEMQ.DE drawdown since its inception was -33.74%, smaller than the maximum EL42.DE drawdown of -35.85%. Use the drawdown chart below to compare losses from any high point for CEMQ.DE and EL42.DE.
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Drawdown Indicators
| CEMQ.DE | EL42.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -35.85% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -9.57% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -16.42% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -19.44% | -0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -33.74% | -35.85% | +2.11% |
Current DrawdownCurrent decline from peak | -2.60% | -1.52% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -5.32% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.56% | +0.61% |
Volatility
CEMQ.DE vs. EL42.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) is 3.97%, while Deka MSCI Europe UCITS ETF (EL42.DE) has a volatility of 4.22%. This indicates that CEMQ.DE experiences smaller price fluctuations and is considered to be less risky than EL42.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 | EL42.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 4.22% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 10.55% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 12.74% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 14.21% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 15.56% | -0.54% |
CEMQ.DE vs. EL42.DE - Expense Ratio Comparison
CEMQ.DE has a 0.25% expense ratio, which is lower than EL42.DE's 0.30% expense ratio.
Dividends
CEMQ.DE vs. EL42.DE - Dividend Comparison
CEMQ.DE has not paid dividends to shareholders, while EL42.DE's dividend yield for the trailing twelve months is around 2.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL42.DE Deka MSCI Europe UCITS ETF | 2.15% | 2.31% | 2.64% | 2.59% | 2.78% | 2.09% | 1.94% | 2.76% | 3.41% | 2.72% | 3.00% | 2.69% |
Frequently Asked Questions
With a correlation of 0.93, CEMQ.DE and EL42.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 EL42.DE.
CEMQ.DE tracks MSCI Europe Sector Neutral Quality, while EL42.DE tracks MSCI Europe. They also come from different issuers: iShares and Deka. Their fees differ too: 0.25% for CEMQ.DE and 0.30% for EL42.DE.
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