CEMR.DE vs. VWCE.DE
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, CEMR.DE returned 11.36%/yr vs 11.93%/yr for VWCE.DE. A 0.75 correlation means they provide meaningful diversification when combined. CEMR.DE charges 0.25%/yr vs 0.19%/yr for VWCE.DE.
Performance
CEMR.DE vs. VWCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMR.DE achieves a 7.41% return, which is significantly lower than VWCE.DE's 11.26% return.
CEMR.DE
- 1D
- 0.26%
- 1M
- 2.22%
- YTD
- 7.41%
- 6M
- 10.76%
- 1Y
- 16.27%
- 3Y*
- 20.12%
- 5Y*
- 11.36%
- 10Y*
- 11.54%
VWCE.DE
- 1D
- 0.15%
- 1M
- 2.31%
- YTD
- 11.26%
- 6M
- 11.96%
- 1Y
- 24.29%
- 3Y*
- 17.30%
- 5Y*
- 11.93%
- 10Y*
- —
CEMR.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.41% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 10.84% | 7.89% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.26% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
Correlation
The correlation between CEMR.DE and VWCE.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.75 |
The correlation between CEMR.DE and VWCE.DE has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
CEMR.DE vs. VWCE.DE — Risk / Return Rank
CEMR.DE
VWCE.DE
CEMR.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.68 | -2.25 |
| Martin ratioReturn relative to average drawdown | 5.44 | 15.26 | -9.82 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.11 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.86 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.76 | -0.16 |
Drawdowns
CEMR.DE vs. VWCE.DE - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.80%, roughly equal to the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and VWCE.DE.
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Drawdown Indicators
| CEMR.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.80% | -33.43% | +1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -6.55% | -5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -21.07% | +5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -21.07% | -2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -31.80% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | -1.87% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -4.69% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.58% | +1.51% |
Volatility
CEMR.DE vs. VWCE.DE - Volatility Comparison
iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) has a higher volatility of 4.04% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.29%. This indicates that CEMR.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.29% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.61% | 8.24% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 11.42% | +5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 13.76% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 16.15% | +0.32% |
CEMR.DE vs. VWCE.DE - Expense Ratio Comparison
CEMR.DE has a 0.25% expense ratio, which is higher than VWCE.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. VWCE.DE - Dividend Comparison
Neither CEMR.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMR.DE and VWCE.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for CEMR.DE.
CEMR.DE is categorized as Momentum, while VWCE.DE is Global Equities. CEMR.DE tracks MSCI Europe Momentum Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for CEMR.DE and 0.19% for VWCE.DE.
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