CEMS.DE vs. 18M2.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - CEMS.DE tracks the MSCI Europe Enhanced Value while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 10 years, CEMS.DE returned 10.71%/yr vs 8.26%/yr for 18M2.DE. Their correlation of 0.89 suggests significant overlap in exposure. CEMS.DE charges 0.25%/yr vs 0.30%/yr for 18M2.DE.
Performance
CEMS.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMS.DE achieves a 13.72% return, which is significantly higher than 18M2.DE's 6.76% return. Over the past 10 years, CEMS.DE has outperformed 18M2.DE with an annualized return of 10.71%, while 18M2.DE has yielded a comparatively lower 8.26% annualized return.
CEMS.DE
- 1D
- 0.10%
- 1M
- 2.64%
- YTD
- 13.72%
- 6M
- 16.98%
- 1Y
- 32.08%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
18M2.DE
- 1D
- 0.32%
- 1M
- -0.40%
- YTD
- 6.76%
- 6M
- 8.83%
- 1Y
- 15.64%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
CEMS.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | -8.86% | 23.48% | -14.04% | 10.16% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
Correlation
The correlation between CEMS.DE and 18M2.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.89 |
The correlation between CEMS.DE and 18M2.DE has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
CEMS.DE vs. 18M2.DE — Risk / Return Rank
CEMS.DE
18M2.DE
CEMS.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| CEMS.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.55 | +0.74 |
| Martin ratioReturn relative to average drawdown | 12.37 | 6.71 | +5.66 |
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
| CEMS.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.49 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.66 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.53 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.44 | +0.05 |
Drawdowns
CEMS.DE vs. 18M2.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.20%, which is greater than 18M2.DE's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and 18M2.DE.
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Drawdown Indicators
| CEMS.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.20% | -37.06% | -3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -6.19% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -14.68% | -2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -20.81% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | -37.06% | -3.14% |
Current DrawdownCurrent decline from peak | -1.26% | -1.44% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -6.42% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.36% | +0.30% |
Volatility
CEMS.DE vs. 18M2.DE - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a higher volatility of 4.65% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that CEMS.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMS.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 2.63% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 8.33% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 10.62% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 13.41% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 15.44% | +1.99% |
CEMS.DE vs. 18M2.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is lower than 18M2.DE's 0.30% expense ratio.
Dividends
CEMS.DE vs. 18M2.DE - Dividend Comparison
Neither CEMS.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMS.DE and 18M2.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for 18M2.DE.
CEMS.DE tracks MSCI Europe Enhanced Value, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for CEMS.DE and 0.30% for 18M2.DE.
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