CEMR.DE vs. EUNN.DE
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. Both are passively managed. Over the past 10 years, CEMR.DE returned 12.09%/yr vs 9.35%/yr for EUNN.DE. A 0.61 correlation means they provide meaningful diversification when combined. CEMR.DE charges 0.25%/yr vs 0.12%/yr for EUNN.DE.
Performance
CEMR.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMR.DE achieves a 9.13% return, which is significantly lower than EUNN.DE's 16.13% return. Over the past 10 years, CEMR.DE has outperformed EUNN.DE with an annualized return of 12.09%, while EUNN.DE has yielded a comparatively lower 9.35% 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%
EUNN.DE
- 1D
- 2.38%
- 1M
- 0.76%
- YTD
- 16.13%
- 6M
- 16.84%
- 1Y
- 31.11%
- 3Y*
- 14.25%
- 5Y*
- 9.71%
- 10Y*
- 9.35%
CEMR.DE vs. EUNN.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 | 9.13% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 10.84% | 31.55% | -10.67% | 11.55% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.13% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
Correlation
The correlation between CEMR.DE and EUNN.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.61 |
The correlation between CEMR.DE and EUNN.DE has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
CEMR.DE vs. EUNN.DE — Risk / Return Rank
CEMR.DE
EUNN.DE
CEMR.DE vs. EUNN.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 iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| CEMR.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.23 | -1.47 |
| Martin ratioReturn relative to average drawdown | 6.68 | 10.80 | -4.12 |
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Drawdowns
CEMR.DE vs. EUNN.DE - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.80%, which is greater than EUNN.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and EUNN.DE.
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Drawdown Indicators
| CEMR.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.80% | -28.56% | -3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -9.58% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -15.81% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -19.41% | -4.36% |
Max Drawdown (10Y)Largest decline over 10 years | -31.80% | -28.56% | -3.24% |
Current DrawdownCurrent decline from peak | -0.31% | -0.62% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -6.86% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.87% | +0.24% |
Volatility
CEMR.DE vs. EUNN.DE - Volatility Comparison
iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) has a higher volatility of 4.79% compared to iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) at 4.18%. This indicates that CEMR.DE's price experiences larger fluctuations and is considered to be riskier than EUNN.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 | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 4.18% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 14.90% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 18.28% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 16.12% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 16.09% | +0.39% |
CEMR.DE vs. EUNN.DE - Expense Ratio Comparison
CEMR.DE has a 0.25% expense ratio, which is higher than EUNN.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CEMR.DE vs. EUNN.DE - Dividend Comparison
Neither CEMR.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMR.DE and EUNN.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for CEMR.DE.
CEMR.DE is categorized as Momentum, while EUNN.DE is Japan Equities. CEMR.DE tracks MSCI Europe Momentum Index, while EUNN.DE tracks MSCI Japan IMI. Their fees differ too: 0.25% for CEMR.DE and 0.12% for EUNN.DE.
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