CEMT.DE vs. SXRY.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds from iShares - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while SXRY.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, CEMT.DE returned 8.45%/yr vs 16.60%/yr for SXRY.DE. A 0.79 correlation means they provide meaningful diversification when combined. CEMT.DE charges 0.25%/yr vs 0.33%/yr for SXRY.DE.
Performance
CEMT.DE vs. SXRY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMT.DE achieves a 9.71% return, which is significantly lower than SXRY.DE's 17.22% return. Over the past 10 years, CEMT.DE has underperformed SXRY.DE with an annualized return of 8.45%, while SXRY.DE has yielded a comparatively higher 16.60% annualized return.
CEMT.DE
- 1D
- -0.90%
- 1M
- -0.45%
- YTD
- 9.71%
- 6M
- 9.71%
- 1Y
- 15.55%
- 3Y*
- 14.06%
- 5Y*
- 5.73%
- 10Y*
- 8.45%
SXRY.DE
- 1D
- -0.85%
- 1M
- 3.87%
- YTD
- 17.22%
- 6M
- 18.03%
- 1Y
- 36.08%
- 3Y*
- 29.01%
- 5Y*
- 20.33%
- 10Y*
- 16.60%
CEMT.DE vs. SXRY.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 | 9.71% | 17.46% | 5.14% | 14.11% | -18.17% | 19.54% | 1.67% | 28.80% | -14.00% | 13.64% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 17.22% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
Correlation
The correlation between CEMT.DE and SXRY.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.79 |
Over the past year, the correlation between CEMT.DE and SXRY.DE has dropped to 0.47 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. SXRY.DE — Risk / Return Rank
CEMT.DE
SXRY.DE
CEMT.DE vs. SXRY.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 FTSE MIB UCITS ETF (Acc) (SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 3.71 | -1.94 |
| Martin ratioReturn relative to average drawdown | 6.74 | 13.73 | -6.99 |
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Drawdowns
CEMT.DE vs. SXRY.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.62%, smaller than the maximum SXRY.DE drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and SXRY.DE.
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Drawdown Indicators
| CEMT.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -43.59% | +5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -9.69% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -17.61% | +3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -25.00% | -4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | -40.81% | +3.19% |
Current DrawdownCurrent decline from peak | -0.90% | -2.82% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -11.60% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.62% | -0.32% |
Volatility
CEMT.DE vs. SXRY.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 2.77%, while iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) has a volatility of 4.01%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 4.01% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 12.81% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 15.91% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 18.29% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 19.60% | -3.24% |
CEMT.DE vs. SXRY.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is lower than SXRY.DE's 0.33% expense ratio.
Dividends
CEMT.DE vs. SXRY.DE - Dividend Comparison
Neither CEMT.DE nor SXRY.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMT.DE and SXRY.DE have a correlation of 0.47, 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 0.33% for SXRY.DE.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while SXRY.DE tracks FTSE MIB. Their fees differ too: 0.25% for CEMT.DE and 0.33% for SXRY.DE.
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