CEMR.DE vs. CHFUSD=X
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) is Momentum fund tracking the MSCI Europe Momentum Index, while CHFUSD=X (USD/CHF) is a currency. Over the past 10 years, CEMR.DE returned 12.09%/yr vs 1.59%/yr for CHFUSD=X. At a correlation of -0.03, they often move in opposite directions.
Performance
CEMR.DE vs. CHFUSD=X - Performance Comparison
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Different Trading Currencies
CEMR.DE is traded in EUR, while CHFUSD=X is traded in USD. To make them comparable, the CHFUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEMR.DE achieves a 9.13% return, which is significantly higher than CHFUSD=X's 0.95% return. Over the past 10 years, CEMR.DE has outperformed CHFUSD=X with an annualized return of 12.09%, while CHFUSD=X has yielded a comparatively lower 1.59% annualized return.
CEMR.DE
- 1D
- 1.92%
- 1M
- 2.91%
- YTD
- 9.13%
- 6M
- 12.45%
- 1Y
- 20.82%
- 3Y*
- 20.31%
- 5Y*
- 11.56%
- 10Y*
- 12.09%
CHFUSD=X
- 1D
- -0.22%
- 1M
- -0.68%
- YTD
- 0.95%
- 6M
- 1.34%
- 1Y
- 1.85%
- 3Y*
- 1.96%
- 5Y*
- 3.35%
- 10Y*
- 1.59%
CEMR.DE vs. CHFUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 9.13% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 10.84% | 31.55% | -10.67% | 11.55% |
CHFUSD=X USD/CHF | 0.95% | 0.97% | -1.18% | 6.54% | 4.77% | 4.29% | 0.41% | 3.81% | 3.79% | -8.29% |
Correlation
The correlation between CEMR.DE and CHFUSD=X is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | -0.03 |
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Return for Risk
CEMR.DE vs. CHFUSD=X — Risk / Return Rank
CEMR.DE
CHFUSD=X
CEMR.DE vs. CHFUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) and USD/CHF (CHFUSD=X). 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.
| CEMR.DE | CHFUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.07 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.54 | +1.23 |
| Martin ratioReturn relative to average drawdown | 6.68 | 1.31 | +5.37 |
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Drawdowns
CEMR.DE vs. CHFUSD=X - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.80%, which is greater than CHFUSD=X's maximum drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and CHFUSD=X.
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Drawdown Indicators
| CEMR.DE | CHFUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.80% | -18.49% | -13.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -2.76% | -8.99% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -6.63% | -9.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -6.63% | -17.14% |
Max Drawdown (10Y)Largest decline over 10 years | -31.80% | -11.28% | -20.52% |
Current DrawdownCurrent decline from peak | -0.31% | -2.41% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -7.84% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 1.20% | +1.91% |
Volatility
CEMR.DE vs. CHFUSD=X - Volatility Comparison
iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) has a higher volatility of 4.79% compared to USD/CHF (CHFUSD=X) at 0.95%. This indicates that CEMR.DE's price experiences larger fluctuations and is considered to be riskier than CHFUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMR.DE | CHFUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 0.95% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 2.83% | +12.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 3.66% | +13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 5.42% | +11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 5.02% | +11.46% |
Frequently Asked Questions
CEMR.DE and CHFUSD=X have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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