CEMS.DE vs. DBXP.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both exchange-traded funds - CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value, while DBXP.DE is a European Government Bonds fund tracking the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, CEMS.DE returned 11.60%/yr vs 0.25%/yr for DBXP.DE. At a 0.08 correlation, their price movements are largely independent. CEMS.DE charges 0.25%/yr vs 0.15%/yr for DBXP.DE.
Performance
CEMS.DE vs. DBXP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMS.DE achieves a 14.37% return, which is significantly higher than DBXP.DE's 0.24% return. Over the past 10 years, CEMS.DE has outperformed DBXP.DE with an annualized return of 11.60%, while DBXP.DE has yielded a comparatively lower 0.25% annualized return.
CEMS.DE
- 1D
- 2.48%
- 1M
- 3.42%
- YTD
- 14.37%
- 6M
- 17.13%
- 1Y
- 32.78%
- 3Y*
- 21.17%
- 5Y*
- 14.39%
- 10Y*
- 11.60%
DBXP.DE
- 1D
- 0.16%
- 1M
- 0.43%
- YTD
- 0.24%
- 6M
- 0.42%
- 1Y
- 0.98%
- 3Y*
- 2.70%
- 5Y*
- 0.70%
- 10Y*
- 0.25%
CEMS.DE vs. DBXP.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 | 14.37% | 36.00% | 9.92% | 13.88% | -4.51% | 26.64% | -8.83% | 23.35% | -14.05% | 10.13% |
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.24% | 2.21% | 2.99% | 3.41% | -4.65% | -0.79% | -0.18% | 0.17% | -0.37% | -0.45% |
Correlation
The correlation between CEMS.DE and DBXP.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.08 |
The correlation between CEMS.DE and DBXP.DE shifts across timeframes, from 0.05 (5 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEMS.DE vs. DBXP.DE — Risk / Return Rank
CEMS.DE
DBXP.DE
CEMS.DE vs. DBXP.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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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.
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.
| CEMS.DE | DBXP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.15 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 0.79 | +2.47 |
| Martin ratioReturn relative to average drawdown | 12.19 | 2.48 | +9.71 |
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Drawdowns
CEMS.DE vs. DBXP.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.22%, which is greater than DBXP.DE's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and DBXP.DE.
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Drawdown Indicators
| CEMS.DE | DBXP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -6.77% | -33.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -1.24% | -8.78% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -1.24% | -16.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -5.67% | -13.89% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -6.77% | -33.45% |
Current DrawdownCurrent decline from peak | -0.66% | -0.35% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -0.99% | -6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 0.39% | +2.29% |
Volatility
CEMS.DE vs. DBXP.DE - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a higher volatility of 4.88% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) at 0.45%. This indicates that CEMS.DE's price experiences larger fluctuations and is considered to be riskier than DBXP.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 | DBXP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 0.45% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 1.20% | +10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 1.30% | +12.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 1.66% | +13.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 1.80% | +15.66% |
CEMS.DE vs. DBXP.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is higher than DBXP.DE's 0.15% 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
CEMS.DE vs. DBXP.DE - Dividend Comparison
Neither CEMS.DE nor DBXP.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMS.DE and DBXP.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXP.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CEMS.DE.
CEMS.DE is categorized as Europe Equities, while DBXP.DE is European Government Bonds. CEMS.DE tracks MSCI Europe Enhanced Value, while DBXP.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for CEMS.DE and 0.15% for DBXP.DE.
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