CEMR.DE vs. ELFC.DE
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both exchange-traded funds - CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while ELFC.DE is a Europe Equities fund tracking the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, CEMR.DE returned 11.36%/yr vs 8.86%/yr for ELFC.DE. A 0.62 correlation means they provide meaningful diversification when combined. CEMR.DE charges 0.25%/yr vs 0.30%/yr for ELFC.DE.
Performance
CEMR.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMR.DE achieves a 7.91% return, which is significantly lower than ELFC.DE's 12.62% return. Over the past 10 years, CEMR.DE has outperformed ELFC.DE with an annualized return of 11.36%, while ELFC.DE has yielded a comparatively lower 8.86% annualized return.
CEMR.DE
- 1D
- -0.11%
- 1M
- 2.92%
- YTD
- 7.91%
- 6M
- 11.43%
- 1Y
- 17.51%
- 3Y*
- 20.23%
- 5Y*
- 11.35%
- 10Y*
- 11.36%
ELFC.DE
- 1D
- -0.33%
- 1M
- 0.92%
- YTD
- 12.62%
- 6M
- 12.29%
- 1Y
- 20.13%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
CEMR.DE vs. ELFC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.91% | 27.17% | 20.01% | 12.79% | -15.33% | 22.25% | 10.74% | 31.66% | -10.73% | 11.48% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 12.62% | 17.73% | -0.16% | 15.69% | 1.54% | 21.96% | -7.15% | 19.94% | -4.03% | 6.11% |
Correlation
The correlation between CEMR.DE and ELFC.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.62 |
Over the past year, the correlation between CEMR.DE and ELFC.DE has dropped to 0.33 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
CEMR.DE vs. ELFC.DE — Risk / Return Rank
CEMR.DE
ELFC.DE
CEMR.DE vs. ELFC.DE - 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 Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.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.
| CEMR.DE | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.00 | -1.51 |
| Martin ratioReturn relative to average drawdown | 5.53 | 8.42 | -2.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEMR.DE | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.81 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.73 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.56 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.55 | +0.05 |
Drawdowns
CEMR.DE vs. ELFC.DE - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.78%, smaller than the maximum ELFC.DE drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and ELFC.DE.
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Drawdown Indicators
| CEMR.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.78% | -37.68% | +5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -6.71% | -5.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.75% | -15.02% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -23.73% | -16.85% | -6.88% |
Max Drawdown (10Y)Largest decline over 10 years | -31.78% | -37.68% | +5.90% |
Current DrawdownCurrent decline from peak | -1.48% | -1.60% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -4.70% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.39% | +0.77% |
Volatility
CEMR.DE vs. ELFC.DE - Volatility Comparison
iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) has a higher volatility of 4.42% compared to Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) at 2.62%. This indicates that CEMR.DE's price experiences larger fluctuations and is considered to be riskier than ELFC.DE 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 | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 2.62% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 8.07% | +6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 11.12% | +6.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 13.76% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 16.40% | +0.08% |
CEMR.DE vs. ELFC.DE - Expense Ratio Comparison
CEMR.DE has a 0.25% expense ratio, which is lower than ELFC.DE's 0.30% expense ratio.
Dividends
CEMR.DE vs. ELFC.DE - Dividend Comparison
CEMR.DE has not paid dividends to shareholders, while ELFC.DE's dividend yield for the trailing twelve months is around 4.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CEMR.DE iShares Edge MSCI Europe Momentum 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% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 4.08% | 4.45% | 4.66% | 4.66% | 4.91% | 3.85% | 2.83% | 3.64% | 4.20% | 3.53% | 3.57% |
Frequently Asked Questions
CEMR.DE and ELFC.DE have a correlation of 0.33, 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 0.30% for ELFC.DE.
CEMR.DE is categorized as Momentum, while ELFC.DE is Europe Equities. CEMR.DE tracks MSCI Europe Momentum Index, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. They also come from different issuers: iShares and Deka. Their fees differ too: 0.25% for CEMR.DE and 0.30% for ELFC.DE.
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