CEMT.DE vs. ISPA.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - CEMT.DE is a Europe Equities fund tracking the MSCI Europe Mid Cap Equal Weighted, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 10 years, CEMT.DE returned 6.44%/yr vs 8.98%/yr for ISPA.DE. A 0.78 correlation means they provide meaningful diversification when combined. CEMT.DE charges 0.25%/yr vs 0.46%/yr for ISPA.DE.
Performance
CEMT.DE vs. ISPA.DE - Performance Comparison
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Returns By Period
Over the past 10 years, CEMT.DE has underperformed ISPA.DE with an annualized return of 6.44%, while ISPA.DE has yielded a comparatively higher 8.98% 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%
ISPA.DE
- 1D
- 0.49%
- 1M
- 2.52%
- YTD
- 13.48%
- 6M
- 15.47%
- 1Y
- 29.54%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
CEMT.DE vs. ISPA.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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | 0.43% | 22.39% | -9.12% | 24.24% | -7.51% | 2.97% |
Correlation
The correlation between CEMT.DE and ISPA.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.78 |
Over the past year, the correlation between CEMT.DE and ISPA.DE has dropped to 0.41 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. ISPA.DE — Risk / Return Rank
CEMT.DE
ISPA.DE
CEMT.DE vs. ISPA.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 STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.62 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 8.10 | -7.00 |
| Martin ratioReturn relative to average drawdown | 4.03 | 28.73 | -24.70 |
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 | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 3.35 | -2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.91 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.60 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.68 | -0.30 |
Drawdowns
CEMT.DE vs. ISPA.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.66%, roughly equal to the maximum ISPA.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and ISPA.DE.
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Drawdown Indicators
| CEMT.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.66% | -38.91% | +1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -3.63% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -15.10% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -15.10% | -14.13% |
Max Drawdown (10Y)Largest decline over 10 years | -37.66% | -38.91% | +1.25% |
Current DrawdownCurrent decline from peak | -0.39% | -1.09% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -4.46% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.03% | +0.13% |
Volatility
CEMT.DE vs. ISPA.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 0.00%, while iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) has a volatility of 2.62%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than ISPA.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 | ISPA.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% | 6.51% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 8.77% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 12.00% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 14.79% | +1.32% |
CEMT.DE vs. ISPA.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is lower than ISPA.DE's 0.46% expense ratio.
Dividends
CEMT.DE vs. ISPA.DE - Dividend Comparison
CEMT.DE has not paid dividends to shareholders, while ISPA.DE's dividend yield for the trailing twelve months is around 3.75%.
| 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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
CEMT.DE and ISPA.DE have a correlation of 0.41, 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 0.46% for ISPA.DE.
CEMT.DE is categorized as Europe Equities, while ISPA.DE is Global Equities. CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. Their fees differ too: 0.25% for CEMT.DE and 0.46% for ISPA.DE.
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