CEMR.DE vs. SGBX.L
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and SGBX.L (WisdomTree Physical Swiss Gold) are both exchange-traded funds - CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while SGBX.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, CEMR.DE returned 11.35%/yr vs 19.68%/yr for SGBX.L. At a 0.01 correlation, their price movements are largely independent. CEMR.DE charges 0.25%/yr vs 0.15%/yr for SGBX.L.
Performance
CEMR.DE vs. SGBX.L - Performance Comparison
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Different Trading Currencies
CEMR.DE is traded in EUR, while SGBX.L is traded in GBp. To make them comparable, the SGBX.L 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 7.91% return, which is significantly higher than SGBX.L's 4.79% 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%
SGBX.L
- 1D
- 0.59%
- 1M
- -1.57%
- YTD
- 4.79%
- 6M
- 6.34%
- 1Y
- 30.01%
- 3Y*
- 27.89%
- 5Y*
- 19.68%
- 10Y*
- —
CEMR.DE vs. SGBX.L - 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% | 5.60% |
SGBX.L WisdomTree Physical Swiss Gold | 4.79% | 45.54% | 34.32% | 9.51% | 6.42% | 3.06% | 13.48% | 21.96% | 3.06% | -8.78% |
Correlation
The correlation between CEMR.DE and SGBX.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.01 |
The correlation between CEMR.DE and SGBX.L shifts across timeframes, from 0.01 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEMR.DE vs. SGBX.L — Risk / Return Rank
CEMR.DE
SGBX.L
CEMR.DE vs. SGBX.L - 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 WisdomTree Physical Swiss Gold (SGBX.L). 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 | SGBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.72 | -0.23 |
| Martin ratioReturn relative to average drawdown | 5.53 | 4.45 | +1.08 |
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 | SGBX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.29 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.20 | -0.52 |
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 | 0.89 | -0.28 |
Drawdowns
CEMR.DE vs. SGBX.L - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.78%, which is greater than SGBX.L's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and SGBX.L.
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Drawdown Indicators
| CEMR.DE | SGBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.78% | -18.13% | -13.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -17.41% | +5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -15.75% | -17.41% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -23.73% | -17.41% | -6.32% |
Max Drawdown (10Y)Largest decline over 10 years | -31.78% | — | — |
Current DrawdownCurrent decline from peak | -1.48% | -15.60% | +14.12% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -6.42% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 6.73% | -3.57% |
Volatility
CEMR.DE vs. SGBX.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) is 4.42%, while WisdomTree Physical Swiss Gold (SGBX.L) has a volatility of 5.03%. This indicates that CEMR.DE experiences smaller price fluctuations and is considered to be less risky than SGBX.L 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 | SGBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 5.03% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 20.10% | -5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 23.16% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 16.34% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 14.96% | +1.52% |
CEMR.DE vs. SGBX.L - Expense Ratio Comparison
CEMR.DE has a 0.25% expense ratio, which is higher than SGBX.L's 0.15% 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. SGBX.L - Dividend Comparison
Neither CEMR.DE nor SGBX.L has paid dividends to shareholders.
Frequently Asked Questions
CEMR.DE and SGBX.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGBX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGBX.L is cheaper with a 0.15% expense ratio, compared with 0.25% for CEMR.DE.
CEMR.DE is categorized as Momentum, while SGBX.L is Precious Metals. CEMR.DE tracks MSCI Europe Momentum Index, while SGBX.L tracks Gold. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.25% for CEMR.DE and 0.15% for SGBX.L.
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