CEMS.DE vs. IS3S.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both exchange-traded funds - CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value, while IS3S.DE is a Global Equities fund tracking the MSCI World Enhanced Value. Both are passively managed. Over the past 10 years, CEMS.DE returned 10.71%/yr vs 12.60%/yr for IS3S.DE. Their correlation of 0.86 suggests significant overlap in exposure. CEMS.DE charges 0.25%/yr vs 0.30%/yr for IS3S.DE.
Performance
CEMS.DE vs. IS3S.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 lower than IS3S.DE's 35.27% return. Over the past 10 years, CEMS.DE has underperformed IS3S.DE with an annualized return of 10.71%, while IS3S.DE has yielded a comparatively higher 12.60% 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%
IS3S.DE
- 1D
- -0.83%
- 1M
- 11.04%
- YTD
- 35.27%
- 6M
- 38.20%
- 1Y
- 63.38%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
CEMS.DE vs. IS3S.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% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 22.01% | -10.34% | 7.66% |
Correlation
The correlation between CEMS.DE and IS3S.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.86 |
The correlation between CEMS.DE and IS3S.DE has been stable across timeframes, ranging from 0.76 to 0.86 - a consistent structural relationship.
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Return for Risk
CEMS.DE vs. IS3S.DE — Risk / Return Rank
CEMS.DE
IS3S.DE
CEMS.DE vs. IS3S.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 Edge MSCI World Value Factor UCITS ETF (IS3S.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 | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.83 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 10.36 | -7.06 |
| Martin ratioReturn relative to average drawdown | 12.37 | 39.01 | -26.64 |
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 | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 4.53 | -2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 1.24 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.79 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.68 | -0.20 |
Drawdowns
CEMS.DE vs. IS3S.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.20%, which is greater than IS3S.DE's maximum drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and IS3S.DE.
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Drawdown Indicators
| CEMS.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.20% | -35.18% | -5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -6.09% | -3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -17.80% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -17.80% | -1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | -35.18% | -5.02% |
Current DrawdownCurrent decline from peak | -1.26% | -0.83% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -5.82% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 1.62% | +1.04% |
Volatility
CEMS.DE vs. IS3S.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) is 4.65%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.62%. This indicates that CEMS.DE experiences smaller price fluctuations and is considered to be less risky than IS3S.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 | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 5.62% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 11.32% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 13.93% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 13.85% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 15.76% | +1.67% |
CEMS.DE vs. IS3S.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is lower than IS3S.DE's 0.30% expense ratio.
Dividends
CEMS.DE vs. IS3S.DE - Dividend Comparison
Neither CEMS.DE nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMS.DE and IS3S.DE have a correlation of 0.76, 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 IS3S.DE.
CEMS.DE is categorized as Europe Equities, while IS3S.DE is Global Equities. CEMS.DE tracks MSCI Europe Enhanced Value, while IS3S.DE tracks MSCI World Enhanced Value. Their fees differ too: 0.25% for CEMS.DE and 0.30% for IS3S.DE.
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