CEUG.DE vs. CEMT.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - CEUG.DE tracks the MSCI Europe NR EUR while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, CEUG.DE returned 8.85%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.91 suggests significant overlap in exposure. CEUG.DE charges 0.12%/yr vs 0.25%/yr for CEMT.DE.
Performance
CEUG.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, CEUG.DE has outperformed CEMT.DE with an annualized return of 8.85%, while CEMT.DE has yielded a comparatively lower 6.44% annualized return.
CEUG.DE
- 1D
- 0.60%
- 1M
- 3.72%
- YTD
- 7.45%
- 6M
- 10.20%
- 1Y
- 16.71%
- 3Y*
- 13.62%
- 5Y*
- 9.35%
- 10Y*
- 8.85%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
CEUG.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 7.45% | 19.02% | 9.58% | 15.40% | -11.56% | 25.11% | -3.26% | 27.70% | -10.95% | 10.55% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 13.62% |
Correlation
The correlation between CEUG.DE and CEMT.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.91 |
Over the past year, the correlation between CEUG.DE and CEMT.DE has dropped to 0.48 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
CEUG.DE vs. CEMT.DE — Risk / Return Rank
CEUG.DE
CEMT.DE
CEUG.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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.
| CEUG.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.10 | +0.56 |
| Martin ratioReturn relative to average drawdown | 6.05 | 4.03 | +2.01 |
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
| CEUG.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.77 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.28 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.40 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.37 | +0.15 |
Drawdowns
CEUG.DE vs. CEMT.DE - Drawdown Comparison
The maximum CEUG.DE drawdown since its inception was -35.67%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for CEUG.DE and CEMT.DE.
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Drawdown Indicators
| CEUG.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -37.66% | +1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -4.26% | -5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -14.36% | -2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -29.23% | +8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | -37.66% | +1.99% |
Current DrawdownCurrent decline from peak | -1.56% | -0.39% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -7.08% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.16% | +1.60% |
Volatility
CEUG.DE vs. CEMT.DE - Volatility Comparison
iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) has a higher volatility of 4.42% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that CEUG.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEUG.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 0.00% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 0.00% | +11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 6.11% | +7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 14.61% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 16.11% | -0.49% |
CEUG.DE vs. CEMT.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% expense ratio, which is lower than CEMT.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CEUG.DE vs. CEMT.DE - Dividend Comparison
Neither CEUG.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
CEUG.DE and CEMT.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEUG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEUG.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for CEMT.DE.
CEUG.DE tracks MSCI Europe NR EUR, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for CEUG.DE and 0.25% for CEMT.DE.
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