CEMQ.DE vs. EUNN.DE
CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - CEMQ.DE is a Europe Equities fund tracking the MSCI Europe Sector Neutral Quality, while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. Both are passively managed. Over the past 10 years, CEMQ.DE returned 8.78%/yr vs 9.35%/yr for EUNN.DE. A 0.64 correlation means they provide meaningful diversification when combined. CEMQ.DE charges 0.25%/yr vs 0.12%/yr for EUNN.DE.
Performance
CEMQ.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMQ.DE achieves a 6.82% return, which is significantly lower than EUNN.DE's 16.13% return. Over the past 10 years, CEMQ.DE has underperformed EUNN.DE with an annualized return of 8.78%, while EUNN.DE has yielded a comparatively higher 9.35% annualized return.
CEMQ.DE
- 1D
- 1.45%
- 1M
- 4.11%
- YTD
- 6.82%
- 6M
- 9.07%
- 1Y
- 9.48%
- 3Y*
- 8.41%
- 5Y*
- 6.17%
- 10Y*
- 8.78%
EUNN.DE
- 1D
- 2.38%
- 1M
- 0.76%
- YTD
- 16.13%
- 6M
- 16.84%
- 1Y
- 31.11%
- 3Y*
- 14.25%
- 5Y*
- 9.71%
- 10Y*
- 9.35%
CEMQ.DE vs. EUNN.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 | 6.82% | 10.19% | 3.69% | 14.57% | -11.90% | 26.61% | 1.06% | 32.46% | -7.32% | 10.41% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.13% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
Correlation
The correlation between CEMQ.DE and EUNN.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.64 |
The correlation between CEMQ.DE and EUNN.DE has been stable across timeframes, ranging from 0.54 to 0.64 - a consistent structural relationship.
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Return for Risk
CEMQ.DE vs. EUNN.DE — Risk / Return Rank
CEMQ.DE
EUNN.DE
CEMQ.DE vs. EUNN.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 iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CEMQ.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.23 | -2.11 |
| Martin ratioReturn relative to average drawdown | 3.44 | 10.80 | -7.36 |
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Drawdowns
CEMQ.DE vs. EUNN.DE - Drawdown Comparison
The maximum CEMQ.DE drawdown since its inception was -33.76%, which is greater than EUNN.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for CEMQ.DE and EUNN.DE.
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Drawdown Indicators
| CEMQ.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -28.56% | -5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -9.58% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -15.81% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -19.41% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -33.76% | -28.56% | -5.20% |
Current DrawdownCurrent decline from peak | -0.08% | -0.62% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -6.86% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.87% | -0.17% |
Volatility
CEMQ.DE vs. EUNN.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) is 3.75%, while iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a volatility of 4.18%. This indicates that CEMQ.DE experiences smaller price fluctuations and is considered to be less risky than EUNN.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 | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 4.18% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 14.90% | -5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 18.28% | -6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 16.12% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 16.09% | -1.07% |
CEMQ.DE vs. EUNN.DE - Expense Ratio Comparison
CEMQ.DE has a 0.25% expense ratio, which is higher than EUNN.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CEMQ.DE vs. EUNN.DE - Dividend Comparison
Neither CEMQ.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMQ.DE and EUNN.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for CEMQ.DE.
CEMQ.DE is categorized as Europe Equities, while EUNN.DE is Japan Equities. CEMQ.DE tracks MSCI Europe Sector Neutral Quality, while EUNN.DE tracks MSCI Japan IMI. Their fees differ too: 0.25% for CEMQ.DE and 0.12% for EUNN.DE.
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