CEMQ.DE vs. EXXX.DE
CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds from iShares - CEMQ.DE tracks the MSCI Europe Sector Neutral Quality while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, CEMQ.DE returned 8.33%/yr vs 14.21%/yr for EXXX.DE. A 0.64 correlation means they provide meaningful diversification when combined. CEMQ.DE charges 0.25%/yr vs 0.32%/yr for EXXX.DE.
Performance
CEMQ.DE vs. EXXX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMQ.DE achieves a 8.53% return, which is significantly lower than EXXX.DE's 22.53% return. Over the past 10 years, CEMQ.DE has underperformed EXXX.DE with an annualized return of 8.33%, while EXXX.DE has yielded a comparatively higher 14.21% annualized return.
CEMQ.DE
- 1D
- -0.17%
- 1M
- 0.75%
- 6M
- 4.31%
- YTD
- 8.53%
- 1Y
- 14.16%
- 3Y*
- 9.45%
- 5Y*
- 6.18%
- 10Y*
- 8.33%
EXXX.DE
- 1D
- -1.55%
- 1M
- -2.82%
- 6M
- 19.05%
- YTD
- 22.53%
- 1Y
- 45.03%
- 3Y*
- 30.20%
- 5Y*
- 17.45%
- 10Y*
- 14.21%
CEMQ.DE vs. EXXX.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 | 8.53% | 10.19% | 3.69% | 14.57% | -11.90% | 26.61% | 1.06% | 32.46% | -7.32% | 10.41% |
EXXX.DE iShares ATX UCITS ETF (DE) | 22.53% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between CEMQ.DE and EXXX.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.64 |
The correlation between CEMQ.DE and EXXX.DE has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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Return for Risk
CEMQ.DE vs. EXXX.DE — Risk / Return Rank
CEMQ.DE
EXXX.DE
CEMQ.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.43 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 4.19 | -2.50 |
| Martin ratioReturn relative to average drawdown | 5.80 | 14.04 | -8.24 |
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Drawdowns
CEMQ.DE vs. EXXX.DE - Drawdown Comparison
The maximum CEMQ.DE drawdown since its inception was -33.76%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for CEMQ.DE and EXXX.DE.
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Drawdown Indicators
| CEMQ.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -71.43% | +37.67% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -10.71% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -16.11% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -32.69% | +13.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.76% | -52.90% | +19.14% |
Current DrawdownCurrent decline from peak | -1.63% | -3.48% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -28.47% | +23.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 3.20% | -0.77% |
Volatility
CEMQ.DE vs. EXXX.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) is 2.61%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 4.88%. This indicates that CEMQ.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 4.88% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 14.74% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 17.54% | -5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 19.15% | -5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.67% | 19.93% | -5.26% |
CEMQ.DE vs. EXXX.DE - Expense Ratio Comparison
CEMQ.DE has a 0.25% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.
Dividends
CEMQ.DE vs. EXXX.DE - Dividend Comparison
CEMQ.DE has not paid dividends to shareholders, while EXXX.DE's dividend yield for the trailing twelve months is around 3.01%.
| 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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 3.01% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
CEMQ.DE and EXXX.DE have a correlation of 0.56, 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 0.32% for EXXX.DE.
CEMQ.DE tracks MSCI Europe Sector Neutral Quality, while EXXX.DE tracks ATX Index. Their fees differ too: 0.25% for CEMQ.DE and 0.32% for EXXX.DE.
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