CEMT.DE vs. EUNL.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CEMT.DE is a Europe Equities fund tracking the MSCI Europe Mid Cap Equal Weighted, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, CEMT.DE returned 6.44%/yr vs 12.82%/yr for EUNL.DE. A 0.77 correlation means they provide meaningful diversification when combined. CEMT.DE charges 0.25%/yr vs 0.20%/yr for EUNL.DE.
Performance
CEMT.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
Over the past 10 years, CEMT.DE has underperformed EUNL.DE with an annualized return of 6.44%, while EUNL.DE has yielded a comparatively higher 12.82% 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%
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
CEMT.DE vs. EUNL.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% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between CEMT.DE and EUNL.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.77 |
Over the past year, the correlation between CEMT.DE and EUNL.DE has dropped to 0.31 - 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. EUNL.DE — Risk / Return Rank
CEMT.DE
EUNL.DE
CEMT.DE vs. EUNL.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 iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.64 | -2.55 |
| Martin ratioReturn relative to average drawdown | 4.03 | 14.52 | -10.48 |
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 | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 2.12 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.90 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.84 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.82 | -0.45 |
Drawdowns
CEMT.DE vs. EUNL.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.66%, which is greater than EUNL.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and EUNL.DE.
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Drawdown Indicators
| CEMT.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.66% | -33.63% | -4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -6.50% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -21.73% | +7.37% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -21.73% | -7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -37.66% | -33.63% | -4.03% |
Current DrawdownCurrent decline from peak | -0.39% | -0.31% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -4.25% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.64% | -0.48% |
Volatility
CEMT.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 0.00%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than EUNL.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 | EUNL.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% | 7.72% | -7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 11.16% | -5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 14.17% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 15.17% | +0.94% |
CEMT.DE vs. EUNL.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is higher than EUNL.DE's 0.20% 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. EUNL.DE - Dividend Comparison
Neither CEMT.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMT.DE and EUNL.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CEMT.DE.
CEMT.DE is categorized as Europe Equities, while EUNL.DE is Global Equities. CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.25% for CEMT.DE and 0.20% for EUNL.DE.
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