CEMS.DE vs. SXRS.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value, while SXRS.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, CEMS.DE returned 14.47%/yr vs 12.06%/yr for SXRS.DE. At a 0.18 correlation, their price movements are largely independent. CEMS.DE charges 0.25%/yr vs 0.19%/yr for SXRS.DE.
Performance
CEMS.DE vs. SXRS.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 SXRS.DE's 23.84% 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%
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
CEMS.DE vs. SXRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -13.82% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
Correlation
The correlation between CEMS.DE and SXRS.DE is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.18 |
The correlation between CEMS.DE and SXRS.DE shifts across timeframes, from -0.19 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEMS.DE vs. SXRS.DE — Risk / Return Rank
CEMS.DE
SXRS.DE
CEMS.DE vs. SXRS.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 Diversified Commodity Swap UCITS ETF (SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.34 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 4.00 | -0.71 |
| Martin ratioReturn relative to average drawdown | 12.37 | 8.95 | +3.42 |
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 | SXRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.87 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.70 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.53 | -0.05 |
Drawdowns
CEMS.DE vs. SXRS.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.20%, which is greater than SXRS.DE's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and SXRS.DE.
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Drawdown Indicators
| CEMS.DE | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.20% | -27.64% | -12.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -8.75% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -16.03% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -27.56% | +8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | — | — |
Current DrawdownCurrent decline from peak | -1.26% | -4.99% | +3.73% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -13.12% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.92% | -1.26% |
Volatility
CEMS.DE vs. SXRS.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) is 4.65%, while iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a volatility of 5.76%. This indicates that CEMS.DE experiences smaller price fluctuations and is considered to be less risky than SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 5.76% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 16.67% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 18.76% | -4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 17.13% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 15.85% | +1.58% |
CEMS.DE vs. SXRS.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is higher than SXRS.DE's 0.19% 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. SXRS.DE - Dividend Comparison
Neither CEMS.DE nor SXRS.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMS.DE and SXRS.DE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for CEMS.DE.
CEMS.DE is categorized as Europe Equities, while SXRS.DE is Commodities. CEMS.DE tracks MSCI Europe Enhanced Value, while SXRS.DE tracks Bloomberg Commodity. Their fees differ too: 0.25% for CEMS.DE and 0.19% for SXRS.DE.
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