CEMT.DE vs. IBCJ.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds from iShares - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, CEMT.DE returned 6.44%/yr vs 9.17%/yr for IBCJ.DE. A 0.55 correlation means they provide meaningful diversification when combined. CEMT.DE charges 0.25%/yr vs 0.74%/yr for IBCJ.DE.
Performance
CEMT.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
Over the past 10 years, CEMT.DE has underperformed IBCJ.DE with an annualized return of 6.44%, while IBCJ.DE has yielded a comparatively higher 9.17% 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%
IBCJ.DE
- 1D
- 0.17%
- 1M
- 5.66%
- YTD
- 16.30%
- 6M
- 25.77%
- 1Y
- 38.98%
- 3Y*
- 29.89%
- 5Y*
- 14.80%
- 10Y*
- 9.17%
CEMT.DE vs. IBCJ.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% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | -3.73% | -9.07% | 35.59% |
Correlation
The correlation between CEMT.DE and IBCJ.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.55 |
Over the past year, the correlation between CEMT.DE and IBCJ.DE has dropped to 0.32 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. IBCJ.DE — Risk / Return Rank
CEMT.DE
IBCJ.DE
CEMT.DE vs. IBCJ.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 MSCI Poland UCITS ETF USD (Acc) (IBCJ.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 | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.90 | -2.80 |
| Martin ratioReturn relative to average drawdown | 4.03 | 9.60 | -5.56 |
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 | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.65 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.55 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.36 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.15 | +0.23 |
Drawdowns
CEMT.DE vs. IBCJ.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.66%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and IBCJ.DE.
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Drawdown Indicators
| CEMT.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.66% | -56.11% | +18.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -9.96% | +5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -18.47% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -47.31% | +18.08% |
Max Drawdown (10Y)Largest decline over 10 years | -37.66% | -56.11% | +18.45% |
Current DrawdownCurrent decline from peak | -0.39% | -1.16% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -19.38% | +12.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 4.05% | -2.89% |
Volatility
CEMT.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 0.00%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than IBCJ.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 | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 7.13% | -7.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 17.61% | -17.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 23.48% | -17.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 26.72% | -12.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 25.15% | -9.04% |
CEMT.DE vs. IBCJ.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
CEMT.DE vs. IBCJ.DE - Dividend Comparison
Neither CEMT.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMT.DE and IBCJ.DE have a correlation of 0.32, 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 0.74% for IBCJ.DE.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while IBCJ.DE tracks MSCI Poland. Their fees differ too: 0.25% for CEMT.DE and 0.74% for IBCJ.DE.
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