CEMT.DE vs. ASWC.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) are both exchange-traded funds - CEMT.DE is a Europe Equities fund tracking the MSCI Europe Mid Cap Equal Weighted, while ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, CEMT.DE returned 4.36% vs 17.13% for ASWC.DE. At a 0.36 correlation, their price movements are largely independent. CEMT.DE charges 0.25%/yr vs 0.49%/yr for ASWC.DE.
Performance
CEMT.DE vs. ASWC.DE - Performance Comparison
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Returns By Period
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
ASWC.DE
- 1D
- -0.80%
- 1M
- 8.16%
- YTD
- 13.04%
- 6M
- 14.70%
- 1Y
- 17.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEMT.DE vs. ASWC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 6.73% |
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.35% |
Correlation
The correlation between CEMT.DE and ASWC.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.36 |
Over the past year, the correlation between CEMT.DE and ASWC.DE has dropped to 0.15 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. ASWC.DE — Risk / Return Rank
CEMT.DE
ASWC.DE
CEMT.DE vs. ASWC.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 HANetf Future of Defence UCITS ETF Acc EUR (ASWC.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.
| CEMT.DE | ASWC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.36 | -0.26 |
| Martin ratioReturn relative to average drawdown | 4.03 | 3.10 | +0.93 |
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
| CEMT.DE | ASWC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.84 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.91 | -1.53 |
Drawdowns
CEMT.DE vs. ASWC.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.66%, which is greater than ASWC.DE's maximum drawdown of -12.58%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and ASWC.DE.
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Drawdown Indicators
| CEMT.DE | ASWC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.66% | -12.58% | -25.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -12.58% | +8.32% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.66% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -2.83% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -2.47% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 5.51% | -4.35% |
Volatility
CEMT.DE vs. ASWC.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 0.00%, while HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) has a volatility of 5.89%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than ASWC.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 | ASWC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 5.89% | -5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 15.89% | -15.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 20.35% | -14.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 19.12% | -4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 19.12% | -3.01% |
CEMT.DE vs. ASWC.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is lower than ASWC.DE's 0.49% expense ratio.
Dividends
CEMT.DE vs. ASWC.DE - Dividend Comparison
Neither CEMT.DE nor ASWC.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMT.DE and ASWC.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.DE is cheaper with a 0.25% expense ratio, compared with 0.49% for ASWC.DE.
CEMT.DE is categorized as Europe Equities, while ASWC.DE is Aerospace & Defense. CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while ASWC.DE tracks EQM Future of Defence Index. They also come from different issuers: iShares and HANetf. Their fees differ too: 0.25% for CEMT.DE and 0.49% for ASWC.DE.
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