D6RR.DE vs. CEMT.DE
D6RR.DE (Deka MSCI Europe Climate Change ESG UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - D6RR.DE tracks the MSCI Europe Climate Change ESG Select while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, D6RR.DE returned 7.43%/yr vs 4.08%/yr for CEMT.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
D6RR.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
D6RR.DE
- 1D
- 0.83%
- 1M
- 1.37%
- YTD
- 4.41%
- 6M
- 6.61%
- 1Y
- 9.76%
- 3Y*
- 10.38%
- 5Y*
- 7.43%
- 10Y*
- —
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 3.97%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
D6RR.DE vs. CEMT.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% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 16.63% |
Correlation
The correlation between D6RR.DE and CEMT.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
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 | 0.86 |
Over the past year, the correlation between D6RR.DE and CEMT.DE has dropped to 0.46 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
D6RR.DE vs. CEMT.DE — Risk / Return Rank
D6RR.DE
CEMT.DE
D6RR.DE vs. CEMT.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 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.
| D6RR.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.10 | -0.24 |
| Martin ratioReturn relative to average drawdown | 2.99 | 4.03 | -1.04 |
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 | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.77 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.28 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.37 | +0.33 |
Drawdowns
D6RR.DE vs. CEMT.DE - Drawdown Comparison
The maximum D6RR.DE drawdown since its inception was -22.80%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for D6RR.DE and CEMT.DE.
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Drawdown Indicators
| D6RR.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.80% | -37.66% | +14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -4.26% | -6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -14.36% | -3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | -29.23% | +6.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -1.47% | -0.39% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -7.08% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 1.16% | +2.02% |
Volatility
D6RR.DE vs. CEMT.DE - Volatility Comparison
Deka MSCI Europe Climate Change ESG UCITS ETF (D6RR.DE) has a higher volatility of 4.11% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that D6RR.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
| D6RR.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 0.00% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 0.00% | +10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 6.11% | +7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 14.61% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.76% | 16.11% | -1.35% |
D6RR.DE vs. CEMT.DE - Expense Ratio Comparison
Both D6RR.DE and CEMT.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. CEMT.DE - Dividend Comparison
D6RR.DE's dividend yield for the trailing twelve months is around 2.11%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size 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 CEMT.DE have a correlation of 0.46, 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 CEMT.DE have the same expense ratio: 0.25% per year.
D6RR.DE tracks MSCI Europe Climate Change ESG Select, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Deka and iShares.
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