CEMR.DE vs. XHYA.DE
CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 5 years, CEMR.DE returned 11.36%/yr vs 2.70%/yr for XHYA.DE. A 0.56 correlation means they provide meaningful diversification when combined. CEMR.DE charges 0.25%/yr vs 0.20%/yr for XHYA.DE.
Performance
CEMR.DE vs. XHYA.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 higher than XHYA.DE's 1.14% 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%
XHYA.DE
- 1D
- 0.22%
- 1M
- 0.47%
- YTD
- 1.14%
- 6M
- 1.52%
- 1Y
- 3.26%
- 3Y*
- 6.15%
- 5Y*
- 2.70%
- 10Y*
- —
CEMR.DE vs. XHYA.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 | 7.41% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 10.84% | 31.55% | -10.67% | 6.44% |
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 1.14% | 4.45% | 6.15% | 10.88% | -8.84% | 2.99% | 2.01% | 9.70% | -3.64% | 4.00% |
Correlation
The correlation between CEMR.DE and XHYA.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017 | 0.56 |
The correlation between CEMR.DE and XHYA.DE has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
CEMR.DE vs. XHYA.DE — Risk / Return Rank
CEMR.DE
XHYA.DE
CEMR.DE vs. XHYA.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 Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.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 | XHYA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.15 | +0.28 |
| Martin ratioReturn relative to average drawdown | 5.44 | 4.71 | +0.74 |
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 | XHYA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.89 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.49 | +0.20 |
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 | 0.45 | +0.16 |
Drawdowns
CEMR.DE vs. XHYA.DE - Drawdown Comparison
The maximum CEMR.DE drawdown since its inception was -31.80%, which is greater than XHYA.DE's maximum drawdown of -23.83%. Use the drawdown chart below to compare losses from any high point for CEMR.DE and XHYA.DE.
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Drawdown Indicators
| CEMR.DE | XHYA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.80% | -23.83% | -7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -2.86% | -8.89% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -4.25% | -11.47% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -14.49% | -9.28% |
Max Drawdown (10Y)Largest decline over 10 years | -31.80% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | -0.19% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -2.52% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 0.70% | +2.39% |
Volatility
CEMR.DE vs. XHYA.DE - Volatility Comparison
iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) has a higher volatility of 4.04% compared to Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) at 1.09%. This indicates that CEMR.DE's price experiences larger fluctuations and is considered to be riskier than XHYA.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 | XHYA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 1.09% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.61% | 3.26% | +11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 3.70% | +13.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 5.47% | +10.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 6.55% | +9.92% |
CEMR.DE vs. XHYA.DE - Expense Ratio Comparison
CEMR.DE has a 0.25% expense ratio, which is higher than XHYA.DE'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. XHYA.DE - Dividend Comparison
Neither CEMR.DE nor XHYA.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMR.DE and XHYA.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CEMR.DE.
CEMR.DE is categorized as Momentum, while XHYA.DE is European High Yield Bonds. CEMR.DE tracks MSCI Europe Momentum Index, while XHYA.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for CEMR.DE and 0.20% for XHYA.DE.
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