CEMS.DE vs. MVEE.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds from iShares - CEMS.DE tracks the MSCI Europe Enhanced Value while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, CEMS.DE returned 14.97%/yr vs 6.17%/yr for MVEE.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
CEMS.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMS.DE achieves a 15.97% return, which is significantly higher than MVEE.DE's 8.14% return.
CEMS.DE
- 1D
- 1.47%
- 1M
- 1.40%
- YTD
- 15.97%
- 6M
- 16.95%
- 1Y
- 37.59%
- 3Y*
- 22.65%
- 5Y*
- 14.97%
- 10Y*
- 12.21%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
CEMS.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 15.97% | 36.00% | 9.92% | 13.88% | -4.51% | 26.64% | 29.31% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between CEMS.DE and MVEE.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.76 |
The correlation between CEMS.DE and MVEE.DE shifts across timeframes, from 0.59 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEMS.DE vs. MVEE.DE — Risk / Return Rank
CEMS.DE
MVEE.DE
CEMS.DE vs. MVEE.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 Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.22 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 1.58 | +2.16 |
| Martin ratioReturn relative to average drawdown | 14.09 | 5.45 | +8.64 |
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Drawdowns
CEMS.DE vs. MVEE.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.22%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and MVEE.DE.
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Drawdown Indicators
| CEMS.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -20.19% | -20.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -7.40% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -12.19% | -5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -20.19% | +0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -4.50% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.15% | +0.51% |
Volatility
CEMS.DE vs. MVEE.DE - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a higher volatility of 3.86% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that CEMS.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 2.19% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 8.16% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 9.93% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.29% | 12.08% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 12.47% | +4.71% |
CEMS.DE vs. MVEE.DE - Expense Ratio Comparison
Both CEMS.DE and MVEE.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CEMS.DE vs. MVEE.DE - Dividend Comparison
Neither CEMS.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMS.DE and MVEE.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE and MVEE.DE have the same expense ratio: 0.25% per year.
CEMS.DE tracks MSCI Europe Enhanced Value, while MVEE.DE tracks MSCI Europe NR EUR.
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