CEMT.DE vs. ROX.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and ROX.DE (Expat Romania BET UCITS ETF) are both Europe Equities funds - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while ROX.DE tracks the BET Index. Both are passively managed. Over the past 5 years, CEMT.DE returned 6.31%/yr vs 23.40%/yr for ROX.DE. At a 0.18 correlation, their price movements are largely independent. CEMT.DE charges 0.25%/yr vs 1.38%/yr for ROX.DE.
Performance
CEMT.DE vs. ROX.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 ROX.DE's 39.19% 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%
ROX.DE
- 1D
- 0.49%
- 1M
- 15.08%
- 6M
- 23.72%
- YTD
- 39.19%
- 1Y
- 72.38%
- 3Y*
- 35.94%
- 5Y*
- 23.40%
- 10Y*
- —
CEMT.DE vs. ROX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -12.52% |
ROX.DE Expat Romania BET UCITS ETF | 39.19% | 43.69% | 13.19% | 22.15% | -3.87% | 34.78% | -1.71% | 34.41% | -15.49% |
Correlation
The correlation between CEMT.DE and ROX.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.18 |
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Return for Risk
CEMT.DE vs. ROX.DE — Risk / Return Rank
CEMT.DE
ROX.DE
CEMT.DE vs. ROX.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 Expat Romania BET UCITS ETF (ROX.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 | ROX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.62 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 9.10 | -7.14 |
| Martin ratioReturn relative to average drawdown | 7.46 | 28.32 | -20.86 |
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Drawdowns
CEMT.DE vs. ROX.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.62%, which is greater than ROX.DE's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and ROX.DE.
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Drawdown Indicators
| CEMT.DE | ROX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -29.00% | -8.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -7.91% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -17.52% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -19.51% | -9.72% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -5.26% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.55% | -0.24% |
Volatility
CEMT.DE vs. ROX.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 3.52%, while Expat Romania BET UCITS ETF (ROX.DE) has a volatility of 5.07%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than ROX.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 | ROX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 5.07% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 13.79% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 19.33% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 19.80% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 21.02% | -4.76% |
CEMT.DE vs. ROX.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is lower than ROX.DE's 1.38% expense ratio.
Dividends
CEMT.DE vs. ROX.DE - Dividend Comparison
Neither CEMT.DE nor ROX.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMT.DE and ROX.DE have a correlation of 0.12, 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 1.38% for ROX.DE.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while ROX.DE tracks BET Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.25% for CEMT.DE and 1.38% for ROX.DE.
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