CEMR.DE vs. QDVA.DE
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) are both Momentum funds from iShares - CEMR.DE tracks the MSCI Europe Momentum Index while QDVA.DE tracks the MSCI USA Momentum Index. Both are passively managed. Over the past 5 years, CEMR.DE returned 11.35%/yr vs 15.17%/yr for QDVA.DE. A 0.68 correlation means they provide meaningful diversification when combined. CEMR.DE charges 0.25%/yr vs 0.20%/yr for QDVA.DE.
Performance
CEMR.DE vs. QDVA.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 QDVA.DE's 30.20% 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%
QDVA.DE
- 1D
- -2.00%
- 1M
- 12.85%
- YTD
- 30.20%
- 6M
- 30.17%
- 1Y
- 37.02%
- 3Y*
- 28.68%
- 5Y*
- 15.17%
- 10Y*
- —
CEMR.DE vs. QDVA.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% |
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 30.20% | 5.11% | 40.00% | 5.98% | -13.66% | 22.93% | 17.39% | 31.13% | 1.12% | 20.30% |
Correlation
The correlation between CEMR.DE and QDVA.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | 0.68 |
The correlation between CEMR.DE and QDVA.DE has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
CEMR.DE vs. QDVA.DE — Risk / Return Rank
CEMR.DE
QDVA.DE
CEMR.DE vs. QDVA.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 USA Momentum Factor UCITS ETF (QDVA.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 | QDVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.89 | -2.40 |
| Martin ratioReturn relative to average drawdown | 5.53 | 12.67 | -7.15 |
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 | QDVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.96 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.79 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.83 | -0.23 |
Drawdowns
CEMR.DE vs. QDVA.DE - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.78%, roughly equal to the maximum QDVA.DE drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and QDVA.DE.
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Drawdown Indicators
| CEMR.DE | QDVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.78% | -33.34% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -9.48% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.75% | -25.56% | +9.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.73% | -25.56% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -31.78% | — | — |
Current DrawdownCurrent decline from peak | -1.48% | -2.00% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -6.84% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.91% | +0.25% |
Volatility
CEMR.DE vs. QDVA.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) is 4.42%, while iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a volatility of 7.65%. This indicates that CEMR.DE experiences smaller price fluctuations and is considered to be less risky than QDVA.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 | QDVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 7.65% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 15.66% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 18.82% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 19.11% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 19.19% | -2.71% |
CEMR.DE vs. QDVA.DE - Expense Ratio Comparison
CEMR.DE has a 0.25% expense ratio, which is higher than QDVA.DE's 0.20% 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. QDVA.DE - Dividend Comparison
Neither CEMR.DE nor QDVA.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMR.DE and QDVA.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CEMR.DE.
CEMR.DE tracks MSCI Europe Momentum Index, while QDVA.DE tracks MSCI USA Momentum Index. Their fees differ too: 0.25% for CEMR.DE and 0.20% for QDVA.DE.
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