CEMT.DE vs. XB4A.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, CEMT.DE returned 7.89%/yr vs 14.60%/yr for XB4A.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
CEMT.DE vs. XB4A.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 XB4A.DE's 22.80% return. Over the past 10 years, CEMT.DE has underperformed XB4A.DE with an annualized return of 7.89%, while XB4A.DE has yielded a comparatively higher 14.60% annualized 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%
XB4A.DE
- 1D
- -1.41%
- 1M
- -2.86%
- 6M
- 19.27%
- YTD
- 22.80%
- 1Y
- 45.21%
- 3Y*
- 30.57%
- 5Y*
- 17.80%
- 10Y*
- 14.60%
CEMT.DE vs. XB4A.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 | 12.49% | 17.46% | 5.14% | 14.11% | -18.17% | 19.54% | 1.67% | 28.80% | -14.00% | 13.64% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 22.80% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
Correlation
The correlation between CEMT.DE and XB4A.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.73 |
Over the past year, the correlation between CEMT.DE and XB4A.DE has dropped to 0.44 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
CEMT.DE vs. XB4A.DE — Risk / Return Rank
CEMT.DE
XB4A.DE
CEMT.DE vs. XB4A.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 Xtrackers ATX UCITS ETF (Acc) (XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 4.13 | -2.17 |
| Martin ratioReturn relative to average drawdown | 7.46 | 13.97 | -6.52 |
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Drawdowns
CEMT.DE vs. XB4A.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.62%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and XB4A.DE.
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Drawdown Indicators
| CEMT.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -53.54% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -10.88% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -16.26% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -32.50% | +3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | -53.54% | +15.92% |
Current DrawdownCurrent decline from peak | -0.70% | -3.43% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -9.88% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.23% | -0.92% |
Volatility
CEMT.DE vs. XB4A.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 3.52%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 4.97%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 4.97% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 14.95% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 17.66% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 19.15% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 20.15% | -3.89% |
CEMT.DE vs. XB4A.DE - Expense Ratio Comparison
Both CEMT.DE and XB4A.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CEMT.DE vs. XB4A.DE - Dividend Comparison
Neither CEMT.DE nor XB4A.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMT.DE and XB4A.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.DE and XB4A.DE have the same expense ratio: 0.25% per year.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while XB4A.DE tracks ATX Index. They also come from different issuers: iShares and Xtrackers.
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