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CEMR.DE vs. PNI.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEMR.DE vs. PNI.AX

Last updated Jun 13, 2026

CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) is Momentum fund tracking the MSCI Europe Momentum Index, while PNI.AX (Pinnacle Investment Management Group Limited) is a stock. Over the past 10 years, CEMR.DE returned 12.09%/yr vs 29.69%/yr for PNI.AX. At a 0.16 correlation, their price movements are largely independent.

Performance

CEMR.DE vs. PNI.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) and Pinnacle Investment Management Group Limited (PNI.AX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CEMR.DE is traded in EUR, while PNI.AX is traded in AUD. To make them comparable, the PNI.AX 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 PNI.AX's -1.89% return. Over the past 10 years, CEMR.DE has underperformed PNI.AX with an annualized return of 12.09%, while PNI.AX has yielded a comparatively higher 29.69% annualized return.

CEMR.DE

1D
1.92%
1M
4.26%
YTD
9.13%
6M
12.45%
1Y
21.56%
3Y*
20.31%
5Y*
11.56%
10Y*
12.09%

PNI.AX

1D
1.56%
1M
-0.03%
YTD
-1.89%
6M
-0.08%
1Y
-13.79%
3Y*
20.82%
5Y*
9.46%
10Y*
29.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEMR.DE vs. PNI.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
PNI.AX
Pinnacle Investment Management Group Limited		-1.89%-26.64%126.16%16.42%-42.44%128.19%58.17%11.74%14.08%48.03%

Correlation

The correlation between CEMR.DE and PNI.AX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Jan 19, 2015

0.16

Compare stocks, funds, or ETFs

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iShares Edge MSCI Europe Momentum Factor UCITS ETF

Pinnacle Investment Management Group Limited

Often compared with CEMR.DE:
CEMR.DE vs. IEFM.LCEMR.DE vs. CEMQ.DECEMR.DE vs. DBXI.DECEMR.DE vs. VUKE.DECEMR.DE vs. IEMD.LCEMR.DE vs. MJMT.DECEMR.DE vs. SMNEY
Often compared with PNI.AX:
PNI.AX vs. MQG.AXPNI.AX vs. VUL.AXPNI.AX vs. GDG.AXPNI.AX vs. BRK-BPNI.AX vs. SPYPNI.AX vs. KKRPNI.AX vs. III.L

Return for Risk

CEMR.DE vs. PNI.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEMR.DE
CEMR.DE Risk / Return Rank: 4040
Overall Rank
CEMR.DE Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
CEMR.DE Sortino Ratio Rank: 4040
Sortino Ratio Rank
CEMR.DE Omega Ratio Rank: 3838
Omega Ratio Rank
CEMR.DE Calmar Ratio Rank: 4040
Calmar Ratio Rank
CEMR.DE Martin Ratio Rank: 4646
Martin Ratio Rank
PNI.AX
PNI.AX Risk / Return Rank: 2424
Overall Rank
PNI.AX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
PNI.AX Sortino Ratio Rank: 2020
Sortino Ratio Rank
PNI.AX Omega Ratio Rank: 2121
Omega Ratio Rank
PNI.AX Calmar Ratio Rank: 2727
Calmar Ratio Rank
PNI.AX Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEMR.DE vs. PNI.AX - 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 Pinnacle Investment Management Group Limited (PNI.AX). 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.DEPNI.AXDifference
Sharpe ratioReturn per unit of total volatility
1.19
-0.38

+1.57

Sortino ratioReturn per unit of downside risk
1.84
-0.29

+2.13

Omega ratioGain probability vs. loss probability

1.22

0.97

+0.26

Calmar ratioReturn relative to maximum drawdown

1.76

-0.37

+2.13

Martin ratioReturn relative to average drawdown

6.68

-0.60

+7.28

CEMR.DE vs. PNI.AX - Sharpe Ratio Comparison

The current CEMR.DE Sharpe Ratio is 1.19, which is higher than the PNI.AX Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of CEMR.DE and PNI.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CEMR.DE vs. PNI.AX - Drawdown Comparison

The maximum CEMR.DE drawdown since its inception was -31.80%, smaller than the maximum PNI.AX drawdown of -94.33%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and PNI.AX.

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Drawdown Indicators

CEMR.DEPNI.AXDifference

Max Drawdown

Largest peak-to-trough decline

-31.80%

-94.33%

+62.53%

Max Drawdown (1Y)

Largest decline over 1 year

-11.75%

-44.67%

+32.92%

Max Drawdown (3Y)

Largest decline over 3 years

-15.72%

-49.39%

+33.67%

Max Drawdown (5Y)

Largest decline over 5 years

-23.77%

-63.52%

+39.75%

Max Drawdown (10Y)

Largest decline over 10 years

-31.80%

-72.58%

+40.78%

Current Drawdown

Current decline from peak

-0.31%

-37.50%

+37.19%

Average Drawdown

Average peak-to-trough decline

-6.02%

-48.13%

+42.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.11%

27.50%

-24.39%

Volatility

CEMR.DE vs. PNI.AX - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) is 4.79%, while Pinnacle Investment Management Group Limited (PNI.AX) has a volatility of 8.67%. This indicates that CEMR.DE experiences smaller price fluctuations and is considered to be less risky than PNI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CEMR.DEPNI.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

8.67%

-3.88%

Volatility (6M)

Calculated over the trailing 6-month period

14.87%

33.13%

-18.26%

Volatility (1Y)

Calculated over the trailing 1-year period

17.46%

42.98%

-25.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.43%

42.91%

-26.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.48%

45.25%

-28.77%

Dividends

CEMR.DE vs. PNI.AX - Dividend Comparison

CEMR.DE has not paid dividends to shareholders, while PNI.AX's dividend yield for the trailing twelve months is around 1.72%.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
PNI.AX
Pinnacle Investment Management Group Limited		1.72%3.50%1.84%3.57%4.01%1.84%2.17%3.30%2.64%1.50%3.42%3.56%

Frequently Asked Questions

CEMR.DE and PNI.AX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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