CEMS.DE vs. IEUR
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and IEUR (iShares Core MSCI Europe ETF) are both Europe Equities funds from iShares - CEMS.DE tracks the MSCI Europe Enhanced Value while IEUR tracks the MSCI Europe Investable Market Index. Both are passively managed. Over the past 10 years, CEMS.DE returned 10.71%/yr vs 8.92%/yr for IEUR. A 0.72 correlation means they provide meaningful diversification when combined. CEMS.DE charges 0.25%/yr vs 0.09%/yr for IEUR.
Performance
CEMS.DE vs. IEUR - Performance Comparison
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Different Trading Currencies
CEMS.DE is traded in EUR, while IEUR is traded in USD. To make them comparable, the IEUR values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEMS.DE achieves a 13.72% return, which is significantly higher than IEUR's 8.12% return. Over the past 10 years, CEMS.DE has outperformed IEUR with an annualized return of 10.71%, while IEUR has yielded a comparatively lower 8.92% 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%
IEUR
- 1D
- 0.00%
- 1M
- 0.90%
- YTD
- 8.12%
- 6M
- 10.21%
- 1Y
- 16.18%
- 3Y*
- 13.47%
- 5Y*
- 9.29%
- 10Y*
- 8.92%
CEMS.DE vs. IEUR - 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% |
IEUR iShares Core MSCI Europe ETF | 6.82% | 19.57% | 8.10% | 16.12% | -10.69% | 25.44% | -3.37% | 27.78% | -10.86% | 11.13% |
Correlation
The correlation between CEMS.DE and IEUR is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.72 |
The correlation between CEMS.DE and IEUR has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
CEMS.DE vs. IEUR — Risk / Return Rank
CEMS.DE
IEUR
CEMS.DE vs. IEUR - 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 Core MSCI Europe ETF (IEUR). 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 | IEUR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 1.59 | +1.71 |
| Martin ratioReturn relative to average drawdown | 12.37 | 6.45 | +5.91 |
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 | IEUR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.22 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.63 | +0.31 |
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 | 0.46 | +0.03 |
Drawdowns
CEMS.DE vs. IEUR - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.20%, which is greater than IEUR's maximum drawdown of -36.74%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and IEUR.
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Drawdown Indicators
| CEMS.DE | IEUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.20% | -36.74% | -3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -10.25% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -15.24% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -21.05% | +1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | -36.74% | -3.46% |
Current DrawdownCurrent decline from peak | -1.26% | -0.48% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -5.61% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.51% | +0.15% |
Volatility
CEMS.DE vs. IEUR - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a higher volatility of 4.65% compared to iShares Core MSCI Europe ETF (IEUR) at 4.11%. This indicates that CEMS.DE's price experiences larger fluctuations and is considered to be riskier than IEUR 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 | IEUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 4.11% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 11.07% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 13.32% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 14.74% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 16.96% | +0.47% |
CEMS.DE vs. IEUR - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is higher than IEUR's 0.09% 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. IEUR - Dividend Comparison
CEMS.DE has not paid dividends to shareholders, while IEUR's dividend yield for the trailing twelve months is around 2.84%.
| 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% |
IEUR iShares Core MSCI Europe ETF | 2.84% | 2.97% | 3.54% | 3.17% | 3.05% | 2.88% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% |
Frequently Asked Questions
CEMS.DE and IEUR have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEUR is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEUR is cheaper with a 0.09% expense ratio, compared with 0.25% for CEMS.DE.
CEMS.DE tracks MSCI Europe Enhanced Value, while IEUR tracks MSCI Europe Investable Market Index. Their fees differ too: 0.25% for CEMS.DE and 0.09% for IEUR.
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