CEMR.DE vs. SSLN.L
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and SSLN.L (iShares Physical Silver ETC) are both exchange-traded funds - CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while SSLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, CEMR.DE returned 12.09%/yr vs 13.88%/yr for SSLN.L. At a 0.15 correlation, their price movements are largely independent. CEMR.DE charges 0.25%/yr vs 0.20%/yr for SSLN.L.
Performance
CEMR.DE vs. SSLN.L - Performance Comparison
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Different Trading Currencies
CEMR.DE is traded in EUR, while SSLN.L is traded in GBp. To make them comparable, the SSLN.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 9.13% return, which is significantly higher than SSLN.L's -4.19% return. Over the past 10 years, CEMR.DE has underperformed SSLN.L with an annualized return of 12.09%, while SSLN.L has yielded a comparatively higher 13.88% 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%
SSLN.L
- 1D
- 5.20%
- 1M
- -11.14%
- YTD
- -4.19%
- 6M
- 11.05%
- 1Y
- 86.21%
- 3Y*
- 38.05%
- 5Y*
- 20.11%
- 10Y*
- 13.88%
CEMR.DE vs. SSLN.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 | 9.13% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 10.84% | 31.55% | -10.67% | 11.55% |
SSLN.L iShares Physical Silver ETC | -4.19% | 118.25% | 29.15% | -4.21% | 9.79% | -6.09% | 33.38% | 19.85% | -4.67% | -9.31% |
Correlation
The correlation between CEMR.DE and SSLN.L 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 | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.15 |
The correlation between CEMR.DE and SSLN.L shifts across timeframes, from 0.15 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEMR.DE vs. SSLN.L — Risk / Return Rank
CEMR.DE
SSLN.L
CEMR.DE vs. SSLN.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 iShares Physical Silver ETC (SSLN.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.
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 | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.04 | -0.27 |
| Martin ratioReturn relative to average drawdown | 6.68 | 4.54 | +2.14 |
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Drawdowns
CEMR.DE vs. SSLN.L - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.80%, smaller than the maximum SSLN.L drawdown of -77.65%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and SSLN.L.
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Drawdown Indicators
| CEMR.DE | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.80% | -77.65% | +45.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -41.88% | +30.13% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -41.88% | +26.16% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -41.88% | +18.11% |
Max Drawdown (10Y)Largest decline over 10 years | -31.80% | -42.00% | +10.20% |
Current DrawdownCurrent decline from peak | -0.31% | -38.86% | +38.55% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -58.14% | +52.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 18.84% | -15.73% |
Volatility
CEMR.DE vs. SSLN.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) is 4.79%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 14.60%. This indicates that CEMR.DE experiences smaller price fluctuations and is considered to be less risky than SSLN.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 | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 14.60% | -9.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 52.55% | -37.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 55.32% | -37.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 36.78% | -20.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 31.04% | -14.56% |
CEMR.DE vs. SSLN.L - Expense Ratio Comparison
CEMR.DE has a 0.25% expense ratio, which is higher than SSLN.L'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. SSLN.L - Dividend Comparison
Neither CEMR.DE nor SSLN.L has paid dividends to shareholders.
Frequently Asked Questions
CEMR.DE and SSLN.L 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.
On fees, SSLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.L is cheaper with a 0.20% expense ratio, compared with 0.25% for CEMR.DE.
CEMR.DE is categorized as Momentum, while SSLN.L is Silver. CEMR.DE tracks MSCI Europe Momentum Index, while SSLN.L tracks LBMA Silver Price. Their fees differ too: 0.25% for CEMR.DE and 0.20% for SSLN.L.
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