CEMR.DE vs. EUNZ.DE
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both exchange-traded funds - CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while EUNZ.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 10 years, CEMR.DE returned 12.09%/yr vs 6.51%/yr for EUNZ.DE. A 0.61 correlation means they provide meaningful diversification when combined. CEMR.DE charges 0.25%/yr vs 0.40%/yr for EUNZ.DE.
Performance
CEMR.DE vs. EUNZ.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 EUNZ.DE's 19.80% return. Over the past 10 years, CEMR.DE has outperformed EUNZ.DE with an annualized return of 12.09%, while EUNZ.DE has yielded a comparatively lower 6.51% 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%
EUNZ.DE
- 1D
- 2.18%
- 1M
- 4.10%
- YTD
- 19.80%
- 6M
- 21.27%
- 1Y
- 23.44%
- 3Y*
- 11.22%
- 5Y*
- 6.51%
- 10Y*
- 6.51%
CEMR.DE vs. EUNZ.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% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 19.80% | -0.12% | 15.71% | 3.83% | -8.85% | 13.09% | -2.49% | 10.54% | -1.87% | 11.39% |
Correlation
The correlation between CEMR.DE and EUNZ.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
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 EUNZ.DE shifts across timeframes, from 0.48 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEMR.DE vs. EUNZ.DE — Risk / Return Rank
CEMR.DE
EUNZ.DE
CEMR.DE vs. EUNZ.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 Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.11 | -1.34 |
| Martin ratioReturn relative to average drawdown | 6.68 | 10.82 | -4.14 |
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Drawdowns
CEMR.DE vs. EUNZ.DE - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.80%, smaller than the maximum EUNZ.DE drawdown of -34.03%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and EUNZ.DE.
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Drawdown Indicators
| CEMR.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.80% | -34.03% | +2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -7.51% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -14.00% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -14.00% | -9.77% |
Max Drawdown (10Y)Largest decline over 10 years | -31.80% | -26.16% | -5.64% |
Current DrawdownCurrent decline from peak | -0.31% | -1.03% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -10.20% | +4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.16% | +0.95% |
Volatility
CEMR.DE vs. EUNZ.DE - Volatility Comparison
iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) have volatilities of 4.79% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMR.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 4.83% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 10.73% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 12.53% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 11.48% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 13.30% | +3.18% |
CEMR.DE vs. EUNZ.DE - Expense Ratio Comparison
CEMR.DE has a 0.25% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
CEMR.DE vs. EUNZ.DE - Dividend Comparison
Neither CEMR.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMR.DE and EUNZ.DE have a correlation of 0.54, 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 0.40% for EUNZ.DE.
CEMR.DE is categorized as Momentum, while EUNZ.DE is Emerging Markets Equities. CEMR.DE tracks MSCI Europe Momentum Index, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. Their fees differ too: 0.25% for CEMR.DE and 0.40% for EUNZ.DE.
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