CEMS.DE vs. I500.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and I500.DE (iShares S&P 500 Swap UCITS ETF USD (Acc)) are both exchange-traded funds - CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value, while I500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, CEMS.DE returned 14.39%/yr vs 15.00%/yr for I500.DE. A 0.56 correlation means they provide meaningful diversification when combined. CEMS.DE charges 0.25%/yr vs 0.07%/yr for I500.DE.
Performance
CEMS.DE vs. I500.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 I500.DE's 11.45% 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%
I500.DE
- 1D
- -0.12%
- 1M
- 2.96%
- YTD
- 11.45%
- 6M
- 12.73%
- 1Y
- 26.34%
- 3Y*
- 19.08%
- 5Y*
- 15.00%
- 10Y*
- —
CEMS.DE vs. I500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 14.37% | 36.00% | 9.92% | 13.88% | -4.51% | 26.64% | 16.30% |
I500.DE iShares S&P 500 Swap UCITS ETF USD (Acc) | 11.45% | 4.94% | 32.50% | 22.82% | -14.07% | 41.05% | 6.32% |
Correlation
The correlation between CEMS.DE and I500.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2020 | 0.56 |
The correlation between CEMS.DE and I500.DE shifts across timeframes, from 0.45 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEMS.DE vs. I500.DE — Risk / Return Rank
CEMS.DE
I500.DE
CEMS.DE vs. I500.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 S&P 500 Swap UCITS ETF USD (Acc) (I500.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 | I500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 3.60 | -0.35 |
| Martin ratioReturn relative to average drawdown | 12.19 | 12.82 | -0.63 |
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Drawdowns
CEMS.DE vs. I500.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.22%, which is greater than I500.DE's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and I500.DE.
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Drawdown Indicators
| CEMS.DE | I500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -23.24% | -16.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -7.12% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -23.24% | +5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -23.24% | +3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.46% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -4.06% | -3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.01% | +0.67% |
Volatility
CEMS.DE vs. I500.DE - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a higher volatility of 4.88% compared to iShares S&P 500 Swap UCITS ETF USD (Acc) (I500.DE) at 2.65%. This indicates that CEMS.DE's price experiences larger fluctuations and is considered to be riskier than I500.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 | I500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 2.65% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 7.60% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 11.65% | +2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 15.19% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 15.13% | +2.33% |
CEMS.DE vs. I500.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is higher than I500.DE's 0.07% 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. I500.DE - Dividend Comparison
Neither CEMS.DE nor I500.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMS.DE and I500.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, I500.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
I500.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for CEMS.DE.
CEMS.DE is categorized as Europe Equities, while I500.DE is S&P 500. CEMS.DE tracks MSCI Europe Enhanced Value, while I500.DE tracks S&P 500 Index. Their fees differ too: 0.25% for CEMS.DE and 0.07% for I500.DE.
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