D6RR.DE vs. CEMS.DE
D6RR.DE (Deka MSCI Europe Climate Change ESG UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - D6RR.DE tracks the MSCI Europe Climate Change ESG Select while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, D6RR.DE returned 7.43%/yr vs 14.47%/yr for CEMS.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
D6RR.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D6RR.DE achieves a 4.41% return, which is significantly lower than CEMS.DE's 13.72% return.
D6RR.DE
- 1D
- 0.83%
- 1M
- 1.37%
- YTD
- 4.41%
- 6M
- 6.61%
- 1Y
- 9.76%
- 3Y*
- 10.38%
- 5Y*
- 7.43%
- 10Y*
- —
CEMS.DE
- 1D
- 0.10%
- 1M
- 2.64%
- YTD
- 13.72%
- 6M
- 16.98%
- 1Y
- 32.08%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
D6RR.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
D6RR.DE Deka MSCI Europe Climate Change ESG UCITS ETF | 4.41% | 13.01% | 10.17% | 15.40% | -13.96% | 26.07% | 10.31% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | 11.86% |
Correlation
The correlation between D6RR.DE and CEMS.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.84 |
The correlation between D6RR.DE and CEMS.DE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
D6RR.DE vs. CEMS.DE — Risk / Return Rank
D6RR.DE
CEMS.DE
D6RR.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe Climate Change ESG UCITS ETF (D6RR.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.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.
| D6RR.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 3.29 | -2.43 |
| Martin ratioReturn relative to average drawdown | 2.99 | 12.37 | -9.37 |
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
| D6RR.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 2.37 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.94 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.49 | +0.21 |
Drawdowns
D6RR.DE vs. CEMS.DE - Drawdown Comparison
The maximum D6RR.DE drawdown since its inception was -22.80%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for D6RR.DE and CEMS.DE.
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Drawdown Indicators
| D6RR.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.80% | -40.20% | +17.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -9.99% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -17.57% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | -19.55% | -3.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -1.47% | -1.26% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -7.49% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.66% | +0.52% |
Volatility
D6RR.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Deka MSCI Europe Climate Change ESG UCITS ETF (D6RR.DE) is 4.11%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that D6RR.DE experiences smaller price fluctuations and is considered to be less risky than CEMS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D6RR.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 4.65% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 11.17% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 13.87% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 15.23% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.76% | 17.43% | -2.67% |
D6RR.DE vs. CEMS.DE - Expense Ratio Comparison
Both D6RR.DE and CEMS.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
D6RR.DE vs. CEMS.DE - Dividend Comparison
D6RR.DE's dividend yield for the trailing twelve months is around 2.11%, while CEMS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
D6RR.DE Deka MSCI Europe Climate Change ESG UCITS ETF | 2.11% | 2.14% | 2.18% | 2.08% | 2.28% | 1.66% | 0.32% |
Frequently Asked Questions
D6RR.DE and CEMS.DE have a correlation of 0.88, 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.
D6RR.DE and CEMS.DE have the same expense ratio: 0.25% per year.
D6RR.DE tracks MSCI Europe Climate Change ESG Select, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Deka and iShares.
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