CEMQ.DE vs. SXRY.DE
CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) and SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds from iShares - CEMQ.DE tracks the MSCI Europe Sector Neutral Quality while SXRY.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, CEMQ.DE returned 9.22%/yr vs 17.09%/yr for SXRY.DE. A 0.74 correlation means they provide meaningful diversification when combined. CEMQ.DE charges 0.25%/yr vs 0.33%/yr for SXRY.DE.
Performance
CEMQ.DE vs. SXRY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMQ.DE achieves a 7.72% return, which is significantly lower than SXRY.DE's 18.23% return. Over the past 10 years, CEMQ.DE has underperformed SXRY.DE with an annualized return of 9.22%, while SXRY.DE has yielded a comparatively higher 17.09% annualized return.
CEMQ.DE
- 1D
- 0.76%
- 1M
- 2.13%
- YTD
- 7.72%
- 6M
- 8.21%
- 1Y
- 14.07%
- 3Y*
- 9.66%
- 5Y*
- 6.23%
- 10Y*
- 9.22%
SXRY.DE
- 1D
- 0.23%
- 1M
- 4.00%
- YTD
- 18.23%
- 6M
- 19.05%
- 1Y
- 37.48%
- 3Y*
- 29.61%
- 5Y*
- 20.54%
- 10Y*
- 17.09%
CEMQ.DE vs. SXRY.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 | 7.72% | 10.19% | 3.69% | 14.57% | -11.90% | 26.61% | 1.06% | 32.46% | -7.32% | 10.41% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 18.23% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
Correlation
The correlation between CEMQ.DE and SXRY.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.74 |
The correlation between CEMQ.DE and SXRY.DE has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
CEMQ.DE vs. SXRY.DE — Risk / Return Rank
CEMQ.DE
SXRY.DE
CEMQ.DE vs. SXRY.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 FTSE MIB UCITS ETF (Acc) (SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.85 | -2.18 |
| Martin ratioReturn relative to average drawdown | 5.35 | 14.30 | -8.95 |
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Drawdowns
CEMQ.DE vs. SXRY.DE - Drawdown Comparison
The maximum CEMQ.DE drawdown since its inception was -33.76%, smaller than the maximum SXRY.DE drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for CEMQ.DE and SXRY.DE.
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Drawdown Indicators
| CEMQ.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -43.59% | +9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -9.69% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -17.61% | +2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -25.00% | +5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -33.76% | -40.81% | +7.05% |
Current DrawdownCurrent decline from peak | 0.00% | -1.98% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -11.61% | +6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.61% | +0.02% |
Volatility
CEMQ.DE vs. SXRY.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) is 2.85%, while iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) has a volatility of 3.90%. This indicates that CEMQ.DE experiences smaller price fluctuations and is considered to be less risky than SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 3.90% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 12.78% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.05% | 15.89% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 18.29% | -4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 19.65% | -4.84% |
CEMQ.DE vs. SXRY.DE - Expense Ratio Comparison
CEMQ.DE has a 0.25% expense ratio, which is lower than SXRY.DE's 0.33% expense ratio.
Dividends
CEMQ.DE vs. SXRY.DE - Dividend Comparison
Neither CEMQ.DE nor SXRY.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMQ.DE and SXRY.DE have a correlation of 0.68, 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 0.33% for SXRY.DE.
CEMQ.DE tracks MSCI Europe Sector Neutral Quality, while SXRY.DE tracks FTSE MIB. Their fees differ too: 0.25% for CEMQ.DE and 0.33% for SXRY.DE.
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