CEMR.DE vs. SAP.DE
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) is Momentum fund tracking the MSCI Europe Momentum Index, while SAP.DE (SAP SE) is a stock. Over the past 10 years, CEMR.DE returned 11.36%/yr vs 10.39%/yr for SAP.DE. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
CEMR.DE vs. SAP.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CEMR.DE achieves a 7.91% return, which is significantly higher than SAP.DE's -19.71% return. Over the past 10 years, CEMR.DE has outperformed SAP.DE with an annualized return of 11.36%, while SAP.DE has yielded a comparatively lower 10.39% annualized 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%
SAP.DE
- 1D
- 5.49%
- 1M
- 11.68%
- YTD
- -19.71%
- 6M
- -20.39%
- 1Y
- -38.34%
- 3Y*
- 11.57%
- 5Y*
- 9.25%
- 10Y*
- 10.39%
CEMR.DE vs. SAP.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% |
SAP.DE SAP SE | -19.71% | -11.03% | 71.56% | 47.17% | -20.70% | 18.44% | -9.59% | 40.27% | -5.61% | 14.35% |
Correlation
The correlation between CEMR.DE and SAP.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.64 |
Over the past year, the correlation between CEMR.DE and SAP.DE has dropped to 0.28 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CEMR.DE vs. SAP.DE — Risk / Return Rank
CEMR.DE
SAP.DE
CEMR.DE vs. SAP.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 SAP SE (SAP.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 | SAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.82 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | -0.78 | +2.26 |
| Martin ratioReturn relative to average drawdown | 5.53 | -1.34 | +6.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CEMR.DE | SAP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | -1.04 | +2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.33 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.39 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.21 | +0.40 |
Drawdowns
CEMR.DE vs. SAP.DE - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.78%, smaller than the maximum SAP.DE drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and SAP.DE.
Loading charts...
Drawdown Indicators
| CEMR.DE | SAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.78% | -85.30% | +53.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -49.12% | +37.39% |
Max Drawdown (3Y)Largest decline over 3 years | -15.75% | -50.12% | +34.37% |
Max Drawdown (5Y)Largest decline over 5 years | -23.73% | -50.12% | +26.39% |
Max Drawdown (10Y)Largest decline over 10 years | -31.78% | -50.12% | +18.34% |
Current DrawdownCurrent decline from peak | -1.48% | -39.78% | +38.30% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -28.88% | +22.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 28.57% | -25.41% |
Volatility
CEMR.DE vs. SAP.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) is 4.42%, while SAP SE (SAP.DE) has a volatility of 15.55%. This indicates that CEMR.DE experiences smaller price fluctuations and is considered to be less risky than SAP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CEMR.DE | SAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 15.55% | -11.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 32.27% | -17.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 36.72% | -19.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 27.33% | -10.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 26.55% | -10.07% |
Dividends
CEMR.DE vs. SAP.DE - Dividend Comparison
CEMR.DE has not paid dividends to shareholders, while SAP.DE's dividend yield for the trailing twelve months is around 1.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SAP.DE SAP SE | 1.52% | 1.13% | 0.93% | 1.47% | 2.54% | 1.48% | 1.47% | 1.25% | 1.61% | 1.34% | 1.39% | 1.50% |
Frequently Asked Questions
CEMR.DE and SAP.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for CEMR.DE and SAP.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer