CEMR.DE vs. DFEU.L
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and DFEU.L (iShares Europe Defence UCITS ETF EUR Accumulating) are both exchange-traded funds - CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while DFEU.L is a Aerospace & Defense fund tracking the STOXX Europe Targeted Defence Index. Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. CEMR.DE charges 0.25%/yr vs 0.35%/yr for DFEU.L.
Performance
CEMR.DE vs. DFEU.L - Performance Comparison
Loading charts...
Different Trading Currencies
CEMR.DE is traded in EUR, while DFEU.L is traded in GBP. To make them comparable, the DFEU.L 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 DFEU.L's 4.78% return.
CEMR.DE
- 1D
- 1.92%
- 1M
- 2.19%
- YTD
- 9.13%
- 6M
- 12.45%
- 1Y
- 21.56%
- 3Y*
- 20.31%
- 5Y*
- 11.56%
- 10Y*
- 12.09%
DFEU.L
- 1D
- 0.00%
- 1M
- 5.69%
- YTD
- 4.78%
- 6M
- 6.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEMR.DE vs. DFEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 9.13% | 11.14% |
DFEU.L iShares Europe Defence UCITS ETF EUR Accumulating | 4.78% | -15.55% |
Correlation
The correlation between CEMR.DE and DFEU.L 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 (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.56 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CEMR.DE vs. DFEU.L — Risk / Return Rank
CEMR.DE
DFEU.L
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CEMR.DE vs. DFEU.L - 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 iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.L). 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 | DFEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | — | — |
| Martin ratioReturn relative to average drawdown | 6.68 | — | — |
Loading charts...
Drawdowns
CEMR.DE vs. DFEU.L - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.80%, which is greater than DFEU.L's maximum drawdown of -24.20%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and DFEU.L.
Loading charts...
Drawdown Indicators
| CEMR.DE | DFEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.80% | -24.20% | -7.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.80% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -13.66% | +13.35% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -11.43% | +5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | — | — |
Volatility
CEMR.DE vs. DFEU.L - Volatility Comparison
Loading charts...
Volatility by Period
| CEMR.DE | DFEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 38.88% | -21.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 38.88% | -22.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 38.88% | -22.40% |
CEMR.DE vs. DFEU.L - Expense Ratio Comparison
CEMR.DE has a 0.25% expense ratio, which is lower than DFEU.L's 0.35% expense ratio.
Dividends
CEMR.DE vs. DFEU.L - Dividend Comparison
Neither CEMR.DE nor DFEU.L has paid dividends to shareholders.
Frequently Asked Questions
CEMR.DE and DFEU.L 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, CEMR.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMR.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for DFEU.L.
CEMR.DE is categorized as Momentum, while DFEU.L is Aerospace & Defense. CEMR.DE tracks MSCI Europe Momentum Index, while DFEU.L tracks STOXX Europe Targeted Defence Index. Their fees differ too: 0.25% for CEMR.DE and 0.35% for DFEU.L.
Find the right allocation for CEMR.DE and DFEU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer