DBXD.DE vs. CEMS.DE
DBXD.DE (Xtrackers DAX UCITS ETF 1C) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - DBXD.DE tracks the DAX® while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, DBXD.DE returned 8.92%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.88 suggests significant overlap in exposure. DBXD.DE charges 0.09%/yr vs 0.25%/yr for CEMS.DE.
Performance
DBXD.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXD.DE achieves a 1.35% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, DBXD.DE has underperformed CEMS.DE with an annualized return of 8.92%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
DBXD.DE
- 1D
- 0.50%
- 1M
- -0.04%
- YTD
- 1.35%
- 6M
- 3.40%
- 1Y
- 2.06%
- 3Y*
- 15.51%
- 5Y*
- 9.16%
- 10Y*
- 8.92%
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%
DBXD.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXD.DE Xtrackers DAX UCITS ETF 1C | 1.35% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -18.52% | 12.12% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | -8.86% | 23.48% | -14.04% | 10.16% |
Correlation
The correlation between DBXD.DE and CEMS.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.88 |
The correlation between DBXD.DE and CEMS.DE has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
DBXD.DE vs. CEMS.DE — Risk / Return Rank
DBXD.DE
CEMS.DE
DBXD.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers DAX UCITS ETF 1C (DBXD.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.
| DBXD.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.43 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 3.29 | -3.10 |
| Martin ratioReturn relative to average drawdown | 0.58 | 12.37 | -11.79 |
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
| DBXD.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 2.37 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.94 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.61 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.49 | -0.18 |
Drawdowns
DBXD.DE vs. CEMS.DE - Drawdown Comparison
The maximum DBXD.DE drawdown since its inception was -54.98%, which is greater than CEMS.DE's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for DBXD.DE and CEMS.DE.
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Drawdown Indicators
| DBXD.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.98% | -40.20% | -14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -9.99% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -17.57% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -19.55% | -7.15% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -40.20% | +1.37% |
Current DrawdownCurrent decline from peak | -2.23% | -1.26% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -11.34% | -7.49% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.66% | +1.31% |
Volatility
DBXD.DE vs. CEMS.DE - Volatility Comparison
Xtrackers DAX UCITS ETF 1C (DBXD.DE) has a higher volatility of 5.10% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 4.65%. This indicates that DBXD.DE's price experiences larger fluctuations and is considered to be riskier 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
| DBXD.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 4.65% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 11.17% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.13% | 13.87% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 15.23% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 17.43% | +0.92% |
DBXD.DE vs. CEMS.DE - Expense Ratio Comparison
DBXD.DE has a 0.09% expense ratio, which is lower than CEMS.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
DBXD.DE vs. CEMS.DE - Dividend Comparison
Neither DBXD.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXD.DE and CEMS.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for CEMS.DE.
DBXD.DE tracks DAX®, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for DBXD.DE and 0.25% for CEMS.DE.
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