CEMR.DE vs. SXRS.DE
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while SXRS.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, CEMR.DE returned 11.35%/yr vs 12.06%/yr for SXRS.DE. At a 0.15 correlation, their price movements are largely independent. CEMR.DE charges 0.25%/yr vs 0.19%/yr for SXRS.DE.
Performance
CEMR.DE vs. SXRS.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 SXRS.DE's 23.84% 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%
SXRS.DE
- 1D
- -1.56%
- 1M
- -3.05%
- YTD
- 23.84%
- 6M
- 24.41%
- 1Y
- 35.20%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
CEMR.DE vs. SXRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -10.59% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
Correlation
The correlation between CEMR.DE and SXRS.DE is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.15 |
The correlation between CEMR.DE and SXRS.DE shifts across timeframes, from -0.19 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEMR.DE vs. SXRS.DE — Risk / Return Rank
CEMR.DE
SXRS.DE
CEMR.DE vs. SXRS.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 Diversified Commodity Swap UCITS ETF (SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 4.00 | -2.52 |
| Martin ratioReturn relative to average drawdown | 5.53 | 8.95 | -3.42 |
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 | SXRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.87 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.70 | -0.01 |
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 | 0.53 | +0.07 |
Drawdowns
CEMR.DE vs. SXRS.DE - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.78%, which is greater than SXRS.DE's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and SXRS.DE.
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Drawdown Indicators
| CEMR.DE | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.78% | -27.64% | -4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -8.75% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -15.75% | -16.03% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -23.73% | -27.56% | +3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -31.78% | — | — |
Current DrawdownCurrent decline from peak | -1.48% | -4.99% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -13.12% | +7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.92% | -0.76% |
Volatility
CEMR.DE vs. SXRS.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) is 4.42%, while iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a volatility of 5.76%. This indicates that CEMR.DE experiences smaller price fluctuations and is considered to be less risky than SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 5.76% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 16.67% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 18.76% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 17.13% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 15.85% | +0.63% |
CEMR.DE vs. SXRS.DE - Expense Ratio Comparison
CEMR.DE has a 0.25% expense ratio, which is higher than SXRS.DE's 0.19% 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. SXRS.DE - Dividend Comparison
Neither CEMR.DE nor SXRS.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMR.DE and SXRS.DE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for CEMR.DE.
CEMR.DE is categorized as Momentum, while SXRS.DE is Commodities. CEMR.DE tracks MSCI Europe Momentum Index, while SXRS.DE tracks Bloomberg Commodity. Their fees differ too: 0.25% for CEMR.DE and 0.19% for SXRS.DE.
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