CEMT.DE vs. EXS2.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds from iShares - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 10 years, CEMT.DE returned 6.44%/yr vs 9.01%/yr for EXS2.DE. A 0.76 correlation means they provide meaningful diversification when combined. CEMT.DE charges 0.25%/yr vs 0.51%/yr for EXS2.DE.
Performance
CEMT.DE vs. EXS2.DE - Performance Comparison
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Returns By Period
Over the past 10 years, CEMT.DE has underperformed EXS2.DE with an annualized return of 6.44%, while EXS2.DE has yielded a comparatively higher 9.01% annualized return.
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 3.97%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.24%
- YTD
- 15.70%
- 6M
- 16.12%
- 1Y
- 5.55%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
CEMT.DE vs. EXS2.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% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 39.90% |
Correlation
The correlation between CEMT.DE and EXS2.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
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 | 0.76 |
Over the past year, the correlation between CEMT.DE and EXS2.DE has dropped to 0.33 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. EXS2.DE — Risk / Return Rank
CEMT.DE
EXS2.DE
CEMT.DE vs. EXS2.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 TecDAX UCITS ETF (DE) (EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.07 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.40 | +0.70 |
| Martin ratioReturn relative to average drawdown | 4.03 | 0.80 | +3.24 |
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 | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.36 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.20 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.46 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.14 | +0.24 |
Drawdowns
CEMT.DE vs. EXS2.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.66%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and EXS2.DE.
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Drawdown Indicators
| CEMT.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.66% | -84.49% | +46.83% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -16.12% | +11.86% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -17.93% | +3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -34.97% | +5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -37.66% | -34.97% | -2.69% |
Current DrawdownCurrent decline from peak | -0.39% | -0.81% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -39.46% | +32.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 8.07% | -6.91% |
Volatility
CEMT.DE vs. EXS2.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 0.00%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 5.29% | -5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 14.25% | -14.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 17.83% | -11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 18.80% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 19.47% | -3.36% |
CEMT.DE vs. EXS2.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
CEMT.DE vs. EXS2.DE - Dividend Comparison
Neither CEMT.DE nor EXS2.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
Frequently Asked Questions
CEMT.DE and EXS2.DE have a correlation of 0.33, 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 0.51% for EXS2.DE.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while EXS2.DE tracks TecDAX®. Their fees differ too: 0.25% for CEMT.DE and 0.51% for EXS2.DE.
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