CEMS.DE vs. S6X0.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and S6X0.DE (Invesco EURO STOXX 50 UCITS ETF Dist) are both Europe Equities funds - CEMS.DE tracks the MSCI Europe Enhanced Value while S6X0.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 10 years, CEMS.DE returned 12.21%/yr vs 11.85%/yr for S6X0.DE. Their correlation of 0.91 suggests significant overlap in exposure. CEMS.DE charges 0.25%/yr vs 0.05%/yr for S6X0.DE.
Performance
CEMS.DE vs. S6X0.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 S6X0.DE's 10.25% return. Both investments have delivered pretty close results over the past 10 years, with CEMS.DE having a 12.21% annualized return and S6X0.DE not far behind at 11.85%.
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%
S6X0.DE
- 1D
- 0.78%
- 1M
- 3.40%
- YTD
- 10.25%
- 6M
- 11.18%
- 1Y
- 22.32%
- 3Y*
- 16.61%
- 5Y*
- 11.79%
- 10Y*
- 11.85%
CEMS.DE vs. S6X0.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 | 15.97% | 36.00% | 9.92% | 13.88% | -4.51% | 26.64% | -8.83% | 23.35% | -14.05% | 10.13% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 10.25% | 22.02% | 10.94% | 22.43% | -9.00% | 23.10% | -2.98% | 29.97% | -12.04% | 10.08% |
Correlation
The correlation between CEMS.DE and S6X0.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.91 |
The correlation between CEMS.DE and S6X0.DE has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
CEMS.DE vs. S6X0.DE — Risk / Return Rank
CEMS.DE
S6X0.DE
CEMS.DE vs. S6X0.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 Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.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 | S6X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.26 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.04 | +1.69 |
| Martin ratioReturn relative to average drawdown | 14.09 | 7.10 | +6.99 |
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Drawdowns
CEMS.DE vs. S6X0.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.22%, roughly equal to the maximum S6X0.DE drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and S6X0.DE.
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Drawdown Indicators
| CEMS.DE | S6X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -38.54% | -1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -10.88% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -16.56% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -23.41% | +3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -38.54% | -1.68% |
Current DrawdownCurrent decline from peak | 0.00% | -0.84% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -7.69% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.14% | -0.48% |
Volatility
CEMS.DE vs. S6X0.DE - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a higher volatility of 3.86% compared to Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.DE) at 3.56%. This indicates that CEMS.DE's price experiences larger fluctuations and is considered to be riskier than S6X0.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 | S6X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.56% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 13.14% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 15.94% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.29% | 17.53% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 18.00% | -0.82% |
CEMS.DE vs. S6X0.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is higher than S6X0.DE's 0.05% 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. S6X0.DE - Dividend Comparison
CEMS.DE has not paid dividends to shareholders, while S6X0.DE's dividend yield for the trailing twelve months is around 2.76%.
| 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% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 2.76% | 2.99% | 3.38% | 3.17% | 3.10% | 2.47% | 2.53% | 3.49% | 3.69% | 2.99% | 3.17% | 3.05% |
Frequently Asked Questions
CEMS.DE and S6X0.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S6X0.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S6X0.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for CEMS.DE.
CEMS.DE tracks MSCI Europe Enhanced Value, while S6X0.DE tracks EURO STOXX 50. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for CEMS.DE and 0.05% for S6X0.DE.
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