CEMS.DE vs. ISPA.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 10 years, CEMS.DE returned 10.71%/yr vs 8.98%/yr for ISPA.DE. Their correlation of 0.83 suggests significant overlap in exposure. CEMS.DE charges 0.25%/yr vs 0.46%/yr for ISPA.DE.
Performance
CEMS.DE vs. ISPA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CEMS.DE having a 13.72% return and ISPA.DE slightly lower at 13.48%. Over the past 10 years, CEMS.DE has outperformed ISPA.DE with an annualized return of 10.71%, while ISPA.DE has yielded a comparatively lower 8.98% 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%
ISPA.DE
- 1D
- 0.49%
- 1M
- 1.28%
- YTD
- 13.48%
- 6M
- 15.35%
- 1Y
- 29.45%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
CEMS.DE vs. ISPA.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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | 0.43% | 22.39% | -9.12% | 24.24% | -7.51% | 2.97% |
Correlation
The correlation between CEMS.DE and ISPA.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.83 |
The correlation between CEMS.DE and ISPA.DE has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
CEMS.DE vs. ISPA.DE — Risk / Return Rank
CEMS.DE
ISPA.DE
CEMS.DE vs. ISPA.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 STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.62 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 8.10 | -4.81 |
| Martin ratioReturn relative to average drawdown | 12.37 | 28.73 | -16.37 |
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 | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 3.35 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.91 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.60 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.68 | -0.19 |
Drawdowns
CEMS.DE vs. ISPA.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.20%, roughly equal to the maximum ISPA.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and ISPA.DE.
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Drawdown Indicators
| CEMS.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.20% | -38.91% | -1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -3.63% | -6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -15.10% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -15.10% | -4.45% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | -38.91% | -1.29% |
Current DrawdownCurrent decline from peak | -1.26% | -1.09% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -4.46% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 1.03% | +1.63% |
Volatility
CEMS.DE vs. ISPA.DE - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a higher volatility of 4.65% compared to iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) at 2.62%. This indicates that CEMS.DE's price experiences larger fluctuations and is considered to be riskier than ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 2.62% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 6.51% | +4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 8.77% | +5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 12.00% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 14.79% | +2.64% |
CEMS.DE vs. ISPA.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is lower than ISPA.DE's 0.46% expense ratio.
Dividends
CEMS.DE vs. ISPA.DE - Dividend Comparison
CEMS.DE has not paid dividends to shareholders, while ISPA.DE's dividend yield for the trailing twelve months is around 3.75%.
| 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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
CEMS.DE and ISPA.DE have a correlation of 0.81, 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 0.46% for ISPA.DE.
CEMS.DE is categorized as Europe Equities, while ISPA.DE is Global Equities. CEMS.DE tracks MSCI Europe Enhanced Value, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. Their fees differ too: 0.25% for CEMS.DE and 0.46% for ISPA.DE.
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