CEMS.DE vs. SXRQ.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and SXRQ.DE (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) are both exchange-traded funds - CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value, while SXRQ.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 10 years, CEMS.DE returned 10.71%/yr vs -0.18%/yr for SXRQ.DE. At a 0.03 correlation, their price movements are largely independent. CEMS.DE charges 0.25%/yr vs 0.15%/yr for SXRQ.DE.
Performance
CEMS.DE vs. SXRQ.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 higher than SXRQ.DE's 0.06% return. Over the past 10 years, CEMS.DE has outperformed SXRQ.DE with an annualized return of 10.71%, while SXRQ.DE has yielded a comparatively lower -0.18% 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%
SXRQ.DE
- 1D
- 0.03%
- 1M
- 0.05%
- YTD
- 0.06%
- 6M
- 0.07%
- 1Y
- 0.71%
- 3Y*
- 2.62%
- 5Y*
- -2.34%
- 10Y*
- -0.18%
CEMS.DE vs. SXRQ.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% |
SXRQ.DE iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 0.06% | 1.69% | 0.90% | 8.71% | -19.90% | -3.09% | 4.11% | 6.70% | 1.22% | 0.85% |
Correlation
The correlation between CEMS.DE and SXRQ.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.03 |
Over the past year, CEMS.DE and SXRQ.DE have become more correlated (0.38) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
CEMS.DE vs. SXRQ.DE — Risk / Return Rank
CEMS.DE
SXRQ.DE
CEMS.DE vs. SXRQ.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 Euro Government Bond 7-10yr UCITS ETF (Acc) (SXRQ.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 | SXRQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.01 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 0.04 | +3.25 |
| Martin ratioReturn relative to average drawdown | 12.37 | 0.10 | +12.27 |
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 | SXRQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 0.03 | +2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | -0.31 | +1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | -0.03 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.41 | +0.08 |
Drawdowns
CEMS.DE vs. SXRQ.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.20%, which is greater than SXRQ.DE's maximum drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and SXRQ.DE.
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Drawdown Indicators
| CEMS.DE | SXRQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.20% | -23.28% | -16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -4.08% | -5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -4.53% | -13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -22.93% | +3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | -23.28% | -16.92% |
Current DrawdownCurrent decline from peak | -1.26% | -13.74% | +12.48% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -5.76% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 1.55% | +1.11% |
Volatility
CEMS.DE vs. SXRQ.DE - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a higher volatility of 4.65% compared to iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (SXRQ.DE) at 1.84%. This indicates that CEMS.DE's price experiences larger fluctuations and is considered to be riskier than SXRQ.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 | SXRQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 1.84% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 4.18% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 5.00% | +8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 7.38% | +7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 5.97% | +11.46% |
CEMS.DE vs. SXRQ.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is higher than SXRQ.DE's 0.15% 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. SXRQ.DE - Dividend Comparison
Neither CEMS.DE nor SXRQ.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMS.DE and SXRQ.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRQ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRQ.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CEMS.DE.
CEMS.DE is categorized as Europe Equities, while SXRQ.DE is European Government Bonds. CEMS.DE tracks MSCI Europe Enhanced Value, while SXRQ.DE tracks Bloomberg Euro Government Bond 10. Their fees differ too: 0.25% for CEMS.DE and 0.15% for SXRQ.DE.
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