CEMU.AS vs. LSMC.DE
CEMU.AS (iShares Core MSCI EMU UCITS ETF EUR (Acc)) and LSMC.DE (Amundi MSCI Semiconductors ESG Screened UCITS ETF) are both exchange-traded funds - CEMU.AS is a Europe Equities fund tracking the MSCI EMU NR EUR, while LSMC.DE is a Semiconductors fund tracking the MSCI ACWI Semiconductors & Semiconductor Equipment ESG Filtered NET USD Index. Both are passively managed. Over the past 10 years, CEMU.AS returned 10.03%/yr vs 28.49%/yr for LSMC.DE. A 0.58 correlation means they provide meaningful diversification when combined. CEMU.AS charges 0.12%/yr vs 0.45%/yr for LSMC.DE.
Performance
CEMU.AS vs. LSMC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMU.AS achieves a 8.68% return, which is significantly lower than LSMC.DE's 63.83% return. Over the past 10 years, CEMU.AS has underperformed LSMC.DE with an annualized return of 10.03%, while LSMC.DE has yielded a comparatively higher 28.49% annualized return.
CEMU.AS
- 1D
- 0.60%
- 1M
- 4.75%
- YTD
- 8.68%
- 6M
- 10.69%
- 1Y
- 17.98%
- 3Y*
- 16.12%
- 5Y*
- 10.62%
- 10Y*
- 10.03%
LSMC.DE
- 1D
- -3.34%
- 1M
- 16.45%
- YTD
- 63.83%
- 6M
- 64.57%
- 1Y
- 130.64%
- 3Y*
- 62.06%
- 5Y*
- 36.20%
- 10Y*
- 28.49%
CEMU.AS vs. LSMC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc) | 8.68% | 24.42% | 10.08% | 18.65% | -11.71% | 23.11% | -0.54% | 25.09% | -11.82% | 12.65% |
LSMC.DE Amundi MSCI Semiconductors ESG Screened UCITS ETF | 63.83% | 32.60% | 66.54% | 74.46% | -34.66% | 37.56% | 23.03% | 39.73% | -5.73% | 12.36% |
Correlation
The correlation between CEMU.AS and LSMC.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.58 |
The correlation between CEMU.AS and LSMC.DE has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
CEMU.AS vs. LSMC.DE — Risk / Return Rank
CEMU.AS
LSMC.DE
CEMU.AS vs. LSMC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) and Amundi MSCI Semiconductors ESG Screened UCITS ETF (LSMC.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.
| CEMU.AS | LSMC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.59 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 10.37 | -8.62 |
| Martin ratioReturn relative to average drawdown | 6.36 | 32.83 | -26.46 |
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
| CEMU.AS | LSMC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 4.27 | -3.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.15 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 1.09 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.82 | -0.32 |
Drawdowns
CEMU.AS vs. LSMC.DE - Drawdown Comparison
The maximum CEMU.AS drawdown since its inception was -38.38%, roughly equal to the maximum LSMC.DE drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for CEMU.AS and LSMC.DE.
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Drawdown Indicators
| CEMU.AS | LSMC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.38% | -39.77% | +1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -12.53% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -36.22% | +20.82% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -39.77% | +15.26% |
Max Drawdown (10Y)Largest decline over 10 years | -38.38% | -39.77% | +1.39% |
Current DrawdownCurrent decline from peak | -0.56% | -3.34% | +2.78% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -9.37% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.96% | -1.17% |
Volatility
CEMU.AS vs. LSMC.DE - Volatility Comparison
The current volatility for iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) is 4.60%, while Amundi MSCI Semiconductors ESG Screened UCITS ETF (LSMC.DE) has a volatility of 11.23%. This indicates that CEMU.AS experiences smaller price fluctuations and is considered to be less risky than LSMC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMU.AS | LSMC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 11.23% | -6.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 22.18% | -10.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.49% | 30.40% | -15.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 31.21% | -15.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 26.06% | -8.98% |
CEMU.AS vs. LSMC.DE - Expense Ratio Comparison
CEMU.AS has a 0.12% expense ratio, which is lower than LSMC.DE's 0.45% expense ratio.
Dividends
CEMU.AS vs. LSMC.DE - Dividend Comparison
Neither CEMU.AS nor LSMC.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMU.AS and LSMC.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMU.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMU.AS is cheaper with a 0.12% expense ratio, compared with 0.45% for LSMC.DE.
CEMU.AS is categorized as Europe Equities, while LSMC.DE is Semiconductors. CEMU.AS tracks MSCI EMU NR EUR, while LSMC.DE tracks MSCI ACWI Semiconductors & Semiconductor Equipment ESG Filtered NET USD Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for CEMU.AS and 0.45% for LSMC.DE.
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