CEMT.DE vs. MIVA.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while MIVA.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, CEMT.DE returned 6.44%/yr vs 6.51%/yr for MIVA.DE. Their correlation of 0.82 suggests significant overlap in exposure. CEMT.DE charges 0.25%/yr vs 0.23%/yr for MIVA.DE.
Performance
CEMT.DE vs. MIVA.DE - Performance Comparison
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Returns By Period
Both investments have delivered pretty close results over the past 10 years, with CEMT.DE having a 6.44% annualized return and MIVA.DE not far ahead at 6.51%.
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%
MIVA.DE
- 1D
- 0.58%
- 1M
- 0.53%
- YTD
- 5.31%
- 6M
- 6.68%
- 1Y
- 5.26%
- 3Y*
- 10.24%
- 5Y*
- 7.20%
- 10Y*
- 6.51%
CEMT.DE vs. MIVA.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% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 5.31% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -4.44% | 9.03% |
Correlation
The correlation between CEMT.DE and MIVA.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.82 |
Over the past year, the correlation between CEMT.DE and MIVA.DE has dropped to 0.37 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. MIVA.DE — Risk / Return Rank
CEMT.DE
MIVA.DE
CEMT.DE vs. MIVA.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 Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.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 | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.11 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.75 | +0.34 |
| Martin ratioReturn relative to average drawdown | 4.03 | 1.96 | +2.07 |
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 | MIVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.60 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.65 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.52 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.53 | -0.15 |
Drawdowns
CEMT.DE vs. MIVA.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.66%, which is greater than MIVA.DE's maximum drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and MIVA.DE.
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Drawdown Indicators
| CEMT.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.66% | -30.57% | -7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -6.94% | +2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -11.02% | -3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -19.69% | -9.54% |
Max Drawdown (10Y)Largest decline over 10 years | -37.66% | -30.57% | -7.09% |
Current DrawdownCurrent decline from peak | -0.39% | -3.21% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -5.64% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.67% | -1.51% |
Volatility
CEMT.DE vs. MIVA.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 0.00%, while Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) has a volatility of 3.14%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than MIVA.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 | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.14% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 7.19% | -7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 8.76% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 10.96% | +3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 12.34% | +3.77% |
CEMT.DE vs. MIVA.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is higher than MIVA.DE's 0.23% 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. MIVA.DE - Dividend Comparison
Neither CEMT.DE nor MIVA.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMT.DE and MIVA.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVA.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVA.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for CEMT.DE.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while MIVA.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for CEMT.DE and 0.23% for MIVA.DE.
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