CEMS.DE vs. EXXX.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds from iShares - CEMS.DE tracks the MSCI Europe Enhanced Value while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, CEMS.DE returned 11.14%/yr vs 14.21%/yr for EXXX.DE. A 0.78 correlation means they provide meaningful diversification when combined. CEMS.DE charges 0.25%/yr vs 0.32%/yr for EXXX.DE.
Performance
CEMS.DE vs. EXXX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMS.DE achieves a 15.46% return, which is significantly lower than EXXX.DE's 22.53% return. Over the past 10 years, CEMS.DE has underperformed EXXX.DE with an annualized return of 11.14%, while EXXX.DE has yielded a comparatively higher 14.21% annualized return.
CEMS.DE
- 1D
- -0.43%
- 1M
- 0.51%
- 6M
- 12.44%
- YTD
- 15.46%
- 1Y
- 33.01%
- 3Y*
- 21.29%
- 5Y*
- 15.45%
- 10Y*
- 11.14%
EXXX.DE
- 1D
- -1.55%
- 1M
- -2.82%
- 6M
- 19.05%
- YTD
- 22.53%
- 1Y
- 45.03%
- 3Y*
- 30.20%
- 5Y*
- 17.45%
- 10Y*
- 14.21%
CEMS.DE vs. EXXX.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 | 15.46% | 36.00% | 9.92% | 13.88% | -4.51% | 26.64% | -8.83% | 23.35% | -14.05% | 10.13% |
EXXX.DE iShares ATX UCITS ETF (DE) | 22.53% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between CEMS.DE and EXXX.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.78 |
The correlation between CEMS.DE and EXXX.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
CEMS.DE vs. EXXX.DE — Risk / Return Rank
CEMS.DE
EXXX.DE
CEMS.DE vs. EXXX.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 iShares ATX UCITS ETF (DE) (EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 4.19 | -0.90 |
| Martin ratioReturn relative to average drawdown | 12.34 | 14.04 | -1.70 |
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Drawdowns
CEMS.DE vs. EXXX.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.22%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and EXXX.DE.
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Drawdown Indicators
| CEMS.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -71.43% | +31.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -10.71% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -16.11% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -32.69% | +13.13% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -52.90% | +12.68% |
Current DrawdownCurrent decline from peak | -1.72% | -3.48% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -28.47% | +21.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.20% | -0.53% |
Volatility
CEMS.DE vs. EXXX.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) is 4.20%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 4.88%. This indicates that CEMS.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 4.88% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 14.74% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 17.54% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.28% | 19.15% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 19.93% | -2.87% |
CEMS.DE vs. EXXX.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.
Dividends
CEMS.DE vs. EXXX.DE - Dividend Comparison
CEMS.DE has not paid dividends to shareholders, while EXXX.DE's dividend yield for the trailing twelve months is around 3.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXXX.DE iShares ATX UCITS ETF (DE) | 3.01% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
CEMS.DE and EXXX.DE have a correlation of 0.78, 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 0.32% for EXXX.DE.
CEMS.DE tracks MSCI Europe Enhanced Value, while EXXX.DE tracks ATX Index. Their fees differ too: 0.25% for CEMS.DE and 0.32% for EXXX.DE.
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