CEMT.DE vs. EMUX.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and EMUX.DE (BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF) are both Europe Equities funds - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while EMUX.DE tracks the MSCI EMU ESG Filtered Min TE. Both are passively managed. Over the past 5 years, CEMT.DE returned 4.08%/yr vs 10.17%/yr for EMUX.DE. Their correlation of 0.88 suggests significant overlap in exposure. CEMT.DE charges 0.25%/yr vs 0.15%/yr for EMUX.DE.
Performance
CEMT.DE vs. EMUX.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%
EMUX.DE
- 1D
- 0.57%
- 1M
- 4.72%
- YTD
- 8.53%
- 6M
- 10.52%
- 1Y
- 17.64%
- 3Y*
- 15.40%
- 5Y*
- 10.17%
- 10Y*
- —
CEMT.DE vs. EMUX.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% |
EMUX.DE BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF | 8.53% | 24.11% | 9.25% | 18.05% | -12.61% | 22.90% | -0.87% | 27.26% | -13.48% | 13.46% |
Correlation
The correlation between CEMT.DE and EMUX.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.88 |
Over the past year, the correlation between CEMT.DE and EMUX.DE has dropped to 0.46 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. EMUX.DE — Risk / Return Rank
CEMT.DE
EMUX.DE
CEMT.DE vs. EMUX.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 BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF (EMUX.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 | EMUX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.72 | -0.62 |
| Martin ratioReturn relative to average drawdown | 4.03 | 6.23 | -2.20 |
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 | EMUX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.21 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.62 | -0.34 |
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 | 0.61 | -0.24 |
Drawdowns
CEMT.DE vs. EMUX.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.66%, roughly equal to the maximum EMUX.DE drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and EMUX.DE.
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Drawdown Indicators
| CEMT.DE | EMUX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.66% | -38.44% | +0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -10.23% | +5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -15.03% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -25.11% | -4.12% |
Max Drawdown (10Y)Largest decline over 10 years | -37.66% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.53% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -5.35% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.82% | -1.66% |
Volatility
CEMT.DE vs. EMUX.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 0.00%, while BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF (EMUX.DE) has a volatility of 4.57%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than EMUX.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 | EMUX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.57% | -4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 11.92% | -11.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 14.51% | -8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 16.23% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 16.59% | -0.48% |
CEMT.DE vs. EMUX.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is higher than EMUX.DE's 0.15% 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
CEMT.DE vs. EMUX.DE - Dividend Comparison
Neither CEMT.DE nor EMUX.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMT.DE and EMUX.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMUX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMUX.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CEMT.DE.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while EMUX.DE tracks MSCI EMU ESG Filtered Min TE. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.25% for CEMT.DE and 0.15% for EMUX.DE.
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