CEMT.DE vs. XESP.DE
CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, CEMT.DE returned 8.45%/yr vs 13.68%/yr for XESP.DE. A 0.77 correlation means they provide meaningful diversification when combined. CEMT.DE charges 0.25%/yr vs 0.30%/yr for XESP.DE.
Performance
CEMT.DE vs. XESP.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CEMT.DE achieves a 9.71% return, which is significantly lower than XESP.DE's 14.35% return. Over the past 10 years, CEMT.DE has underperformed XESP.DE with an annualized return of 8.45%, while XESP.DE has yielded a comparatively higher 13.68% 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%
XESP.DE
- 1D
- -0.45%
- 1M
- 6.12%
- YTD
- 14.35%
- 6M
- 15.38%
- 1Y
- 47.18%
- 3Y*
- 31.64%
- 5Y*
- 20.27%
- 10Y*
- 13.68%
CEMT.DE vs. XESP.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% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.35% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
Correlation
The correlation between CEMT.DE and XESP.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.77 |
Over the past year, the correlation between CEMT.DE and XESP.DE has dropped to 0.49 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CEMT.DE vs. XESP.DE — Risk / Return Rank
CEMT.DE
XESP.DE
CEMT.DE vs. XESP.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 Spanish Equity UCITS ETF (XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.49 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 4.62 | -2.85 |
| Martin ratioReturn relative to average drawdown | 6.74 | 16.41 | -9.67 |
Loading charts...
Drawdowns
CEMT.DE vs. XESP.DE - Drawdown Comparison
The maximum CEMT.DE drawdown since its inception was -37.62%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for CEMT.DE and XESP.DE.
Loading charts...
Drawdown Indicators
| CEMT.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -40.70% | +3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -10.17% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.36% | -12.92% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -18.56% | -10.67% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | -39.03% | +1.41% |
Current DrawdownCurrent decline from peak | -0.90% | -0.54% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -10.06% | +2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.87% | -0.57% |
Volatility
CEMT.DE vs. XESP.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) is 2.77%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.24%. This indicates that CEMT.DE experiences smaller price fluctuations and is considered to be less risky than XESP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CEMT.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 4.24% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 14.45% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 16.90% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 16.73% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 18.43% | -2.07% |
CEMT.DE vs. XESP.DE - Expense Ratio Comparison
CEMT.DE has a 0.25% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
CEMT.DE vs. XESP.DE - Dividend Comparison
Neither CEMT.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMT.DE and XESP.DE have a correlation of 0.49, 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 0.30% for XESP.DE.
CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for CEMT.DE and 0.30% for XESP.DE.
Find the right allocation for CEMT.DE and XESP.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer