CEMT.DE vs. AMES.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, CEMT.DE returned 8.45%/yr vs 13.10%/yr for AMES.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
CEMT.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMT.DE achieves a 9.71% return, which is significantly lower than AMES.DE's 14.05% return. Over the past 10 years, CEMT.DE has underperformed AMES.DE with an annualized return of 8.45%, while AMES.DE has yielded a comparatively higher 13.10% annualized return.
CEMT.DE
- 1D
- -0.90%
- 1M
- -0.45%
- YTD
- 9.71%
- 6M
- 9.71%
- 1Y
- 15.55%
- 3Y*
- 14.06%
- 5Y*
- 5.73%
- 10Y*
- 8.45%
AMES.DE
- 1D
- -0.42%
- 1M
- 6.08%
- YTD
- 14.05%
- 6M
- 14.95%
- 1Y
- 45.42%
- 3Y*
- 32.13%
- 5Y*
- 20.59%
- 10Y*
- 13.10%
CEMT.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 9.71% | 17.46% | 5.14% | 14.11% | -18.17% | 19.54% | 1.67% | 28.80% | -14.00% | 13.64% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 14.05% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | 11.84% |
Correlation
The correlation between CEMT.DE and AMES.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.75 |
Over the past year, the correlation between CEMT.DE and AMES.DE has dropped to 0.51 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. AMES.DE — Risk / Return Rank
CEMT.DE
AMES.DE
CEMT.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) and Amundi ETF MSCI Spain UCITS ETF EUR (AMES.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.
| CEMT.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.49 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 4.54 | -2.77 |
| Martin ratioReturn relative to average drawdown | 6.74 | 16.06 | -9.32 |
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Drawdowns
CEMT.DE vs. AMES.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.62%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and AMES.DE.
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Drawdown Indicators
| CEMT.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -40.98% | +3.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -9.95% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -12.58% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -17.77% | -11.46% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | -40.98% | +3.36% |
Current DrawdownCurrent decline from peak | -0.90% | -0.52% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -10.09% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.82% | -0.52% |
Volatility
CEMT.DE vs. AMES.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 2.77%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.03%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than AMES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMT.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 4.03% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 14.00% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 16.39% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 16.96% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 18.42% | -2.06% |
CEMT.DE vs. AMES.DE - Expense Ratio Comparison
Both CEMT.DE and AMES.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
CEMT.DE vs. AMES.DE - Dividend Comparison
Neither CEMT.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMT.DE and AMES.DE have a correlation of 0.51, 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.
CEMT.DE and AMES.DE have the same expense ratio: 0.25% per year.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while AMES.DE tracks MSCI Spain. They also come from different issuers: iShares and Amundi.
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