CEMR.DE vs. H2O.DE
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) is Momentum fund tracking the MSCI Europe Momentum Index, while H2O.DE (Enapter AG) is a stock. Over the past 5 years, CEMR.DE returned 11.56%/yr vs -44.70%/yr for H2O.DE. At a 0.04 correlation, their price movements are largely independent.
Performance
CEMR.DE vs. H2O.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 higher than H2O.DE's -17.96% 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%
H2O.DE
- 1D
- 0.00%
- 1M
- 5.38%
- YTD
- -17.96%
- 6M
- -28.65%
- 1Y
- -51.59%
- 3Y*
- -52.00%
- 5Y*
- -44.70%
- 10Y*
- —
CEMR.DE vs. H2O.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 9.13% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 3.41% |
H2O.DE Enapter AG | -17.96% | -59.66% | -56.47% | -31.78% | -40.63% | -12.14% | 15,972.38% |
Correlation
The correlation between CEMR.DE and H2O.DE is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2020 | 0.04 |
The correlation between CEMR.DE and H2O.DE shifts across timeframes, from -0.07 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEMR.DE vs. H2O.DE — Risk / Return Rank
CEMR.DE
H2O.DE
CEMR.DE vs. H2O.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 Enapter AG (H2O.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 | H2O.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.91 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | -0.78 | +2.55 |
| Martin ratioReturn relative to average drawdown | 6.68 | -1.18 | +7.86 |
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Drawdowns
CEMR.DE vs. H2O.DE - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.80%, smaller than the maximum H2O.DE drawdown of -97.72%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and H2O.DE.
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Drawdown Indicators
| CEMR.DE | H2O.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.80% | -97.72% | +65.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -63.70% | +51.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -91.66% | +75.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -96.33% | +72.56% |
Max Drawdown (10Y)Largest decline over 10 years | -31.80% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -97.17% | +96.86% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -65.44% | +59.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 42.28% | -39.17% |
Volatility
CEMR.DE vs. H2O.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) is 4.79%, while Enapter AG (H2O.DE) has a volatility of 16.60%. This indicates that CEMR.DE experiences smaller price fluctuations and is considered to be less risky than H2O.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 | H2O.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 16.60% | -11.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 42.25% | -27.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 76.95% | -59.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 60.60% | -44.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 7,400.27% | -7,383.79% |
Dividends
CEMR.DE vs. H2O.DE - Dividend Comparison
Neither CEMR.DE nor H2O.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMR.DE and H2O.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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