CEMT.DE vs. ELFC.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) are both Europe Equities funds - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50. Both are passively managed. Over the past 10 years, CEMT.DE returned 6.44%/yr vs 8.86%/yr for ELFC.DE. A 0.77 correlation means they provide meaningful diversification when combined. CEMT.DE charges 0.25%/yr vs 0.30%/yr for ELFC.DE.
Performance
CEMT.DE vs. ELFC.DE - Performance Comparison
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Returns By Period
Over the past 10 years, CEMT.DE has underperformed ELFC.DE with an annualized return of 6.44%, while ELFC.DE has yielded a comparatively higher 8.86% annualized return.
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%
ELFC.DE
- 1D
- -0.33%
- 1M
- 0.92%
- YTD
- 12.62%
- 6M
- 12.29%
- 1Y
- 20.13%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
CEMT.DE vs. ELFC.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 | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 13.62% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 12.62% | 17.73% | -0.16% | 15.69% | 1.54% | 21.96% | -7.15% | 19.94% | -4.03% | 6.11% |
Correlation
The correlation between CEMT.DE and ELFC.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.77 |
Over the past year, the correlation between CEMT.DE and ELFC.DE has dropped to 0.36 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. ELFC.DE — Risk / Return Rank
CEMT.DE
ELFC.DE
CEMT.DE vs. ELFC.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 Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.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 | ELFC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.00 | -1.90 |
| Martin ratioReturn relative to average drawdown | 4.03 | 8.42 | -4.39 |
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 | ELFC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.81 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.73 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.56 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.55 | -0.18 |
Drawdowns
CEMT.DE vs. ELFC.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.66%, roughly equal to the maximum ELFC.DE drawdown of -37.68%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and ELFC.DE.
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Drawdown Indicators
| CEMT.DE | ELFC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.66% | -37.68% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -6.71% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -15.02% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -16.85% | -12.38% |
Max Drawdown (10Y)Largest decline over 10 years | -37.66% | -37.68% | +0.02% |
Current DrawdownCurrent decline from peak | -0.39% | -1.60% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -4.70% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.39% | -1.23% |
Volatility
CEMT.DE vs. ELFC.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 0.00%, while Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) has a volatility of 2.62%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than ELFC.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 | ELFC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.62% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 8.07% | -8.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 11.12% | -5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 13.76% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 16.40% | -0.29% |
CEMT.DE vs. ELFC.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is lower than ELFC.DE's 0.30% expense ratio.
Dividends
CEMT.DE vs. ELFC.DE - Dividend Comparison
CEMT.DE has not paid dividends to shareholders, while ELFC.DE's dividend yield for the trailing twelve months is around 4.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 4.08% | 4.45% | 4.66% | 4.66% | 4.91% | 3.85% | 2.83% | 3.64% | 4.20% | 3.53% | 3.57% |
Frequently Asked Questions
CEMT.DE and ELFC.DE have a correlation of 0.36, 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 0.30% for ELFC.DE.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50. They also come from different issuers: iShares and Deka. Their fees differ too: 0.25% for CEMT.DE and 0.30% for ELFC.DE.
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