CEMS.DE vs. WELK.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and WELK.DE (Amundi S&P Global Financials ESG UCITS ETF EUR Acc) are both exchange-traded funds - CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value, while WELK.DE is a Financials Equities fund tracking the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Financials. Both are passively managed. Over the past 3 years, CEMS.DE returned 21.63%/yr vs 21.67%/yr for WELK.DE. A 0.69 correlation means they provide meaningful diversification when combined. CEMS.DE charges 0.25%/yr vs 0.18%/yr for WELK.DE.
Performance
CEMS.DE vs. WELK.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 WELK.DE's 1.91% 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%
WELK.DE
- 1D
- 2.00%
- 1M
- 1.21%
- YTD
- 1.91%
- 6M
- 5.76%
- 1Y
- 13.95%
- 3Y*
- 21.67%
- 5Y*
- —
- 10Y*
- —
CEMS.DE vs. WELK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | 9.74% |
WELK.DE Amundi S&P Global Financials ESG UCITS ETF EUR Acc | 1.91% | 17.19% | 33.74% | 12.60% | 9.71% |
Correlation
The correlation between CEMS.DE and WELK.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.70 |
The correlation between CEMS.DE and WELK.DE has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
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Return for Risk
CEMS.DE vs. WELK.DE — Risk / Return Rank
CEMS.DE
WELK.DE
CEMS.DE vs. WELK.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 Amundi S&P Global Financials ESG UCITS ETF EUR Acc (WELK.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 | WELK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.17 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 1.42 | +1.87 |
| Martin ratioReturn relative to average drawdown | 12.37 | 4.51 | +7.86 |
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 | WELK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.00 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | — | — |
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 | 1.33 | -0.84 |
Drawdowns
CEMS.DE vs. WELK.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.20%, which is greater than WELK.DE's maximum drawdown of -20.08%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and WELK.DE.
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Drawdown Indicators
| CEMS.DE | WELK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.20% | -20.08% | -20.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -9.66% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -20.08% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | — | — |
Current DrawdownCurrent decline from peak | -1.26% | -0.71% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -3.18% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.05% | -0.39% |
Volatility
CEMS.DE vs. WELK.DE - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a higher volatility of 4.65% compared to Amundi S&P Global Financials ESG UCITS ETF EUR Acc (WELK.DE) at 3.58%. This indicates that CEMS.DE's price experiences larger fluctuations and is considered to be riskier than WELK.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 | WELK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 3.58% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 10.56% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 13.80% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 15.29% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 15.29% | +2.14% |
CEMS.DE vs. WELK.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is higher than WELK.DE's 0.18% 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. WELK.DE - Dividend Comparison
Neither CEMS.DE nor WELK.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMS.DE and WELK.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELK.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for CEMS.DE.
CEMS.DE is categorized as Europe Equities, while WELK.DE is Financials Equities. CEMS.DE tracks MSCI Europe Enhanced Value, while WELK.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Financials. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for CEMS.DE and 0.18% for WELK.DE.
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