CEMT.DE vs. EXXX.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds from iShares - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, CEMT.DE returned 7.89%/yr vs 14.21%/yr for EXXX.DE. A 0.72 correlation means they provide meaningful diversification when combined. CEMT.DE charges 0.25%/yr vs 0.32%/yr for EXXX.DE.
Performance
CEMT.DE vs. EXXX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMT.DE achieves a 12.49% return, which is significantly lower than EXXX.DE's 22.53% return. Over the past 10 years, CEMT.DE has underperformed EXXX.DE with an annualized return of 7.89%, while EXXX.DE has yielded a comparatively higher 14.21% annualized return.
CEMT.DE
- 1D
- 0.44%
- 1M
- 2.16%
- 6M
- 12.49%
- YTD
- 12.49%
- 1Y
- 17.25%
- 3Y*
- 13.51%
- 5Y*
- 6.31%
- 10Y*
- 7.89%
EXXX.DE
- 1D
- -1.55%
- 1M
- -2.82%
- 6M
- 19.05%
- YTD
- 22.53%
- 1Y
- 45.03%
- 3Y*
- 30.20%
- 5Y*
- 17.45%
- 10Y*
- 14.21%
CEMT.DE vs. EXXX.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 | 12.49% | 17.46% | 5.14% | 14.11% | -18.17% | 19.54% | 1.67% | 28.80% | -14.00% | 13.64% |
EXXX.DE iShares ATX UCITS ETF (DE) | 22.53% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between CEMT.DE and EXXX.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.72 |
Over the past year, the correlation between CEMT.DE and EXXX.DE has dropped to 0.44 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. EXXX.DE — Risk / Return Rank
CEMT.DE
EXXX.DE
CEMT.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CEMT.DE | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 4.19 | -2.22 |
| Martin ratioReturn relative to average drawdown | 7.46 | 14.04 | -6.59 |
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Drawdowns
CEMT.DE vs. EXXX.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.62%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and EXXX.DE.
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Drawdown Indicators
| CEMT.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -71.43% | +33.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -10.71% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -16.11% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -32.69% | +3.46% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | -52.90% | +15.28% |
Current DrawdownCurrent decline from peak | -0.70% | -3.48% | +2.78% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -28.47% | +21.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.20% | -0.89% |
Volatility
CEMT.DE vs. EXXX.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 3.52%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 4.88%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 4.88% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 14.74% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 17.54% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 19.15% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 19.93% | -3.67% |
CEMT.DE vs. EXXX.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.
Dividends
CEMT.DE vs. EXXX.DE - Dividend Comparison
CEMT.DE has not paid dividends to shareholders, while EXXX.DE's dividend yield for the trailing twelve months is around 3.01%.
| 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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 3.01% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
CEMT.DE and EXXX.DE have a correlation of 0.44, 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 0.32% for EXXX.DE.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while EXXX.DE tracks ATX Index. Their fees differ too: 0.25% for CEMT.DE and 0.32% for EXXX.DE.
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