DEAM.DE vs. CEMS.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - DEAM.DE tracks the MDAX® while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, DEAM.DE returned -0.95%/yr vs 14.47%/yr for CEMS.DE. A 0.77 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.25%/yr for CEMS.DE.
Performance
DEAM.DE vs. CEMS.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DEAM.DE achieves a 6.73% return, which is significantly lower than CEMS.DE's 13.72% return.
DEAM.DE
- 1D
- 0.22%
- 1M
- 5.09%
- YTD
- 6.73%
- 6M
- 10.46%
- 1Y
- 5.21%
- 3Y*
- 6.11%
- 5Y*
- -0.95%
- 10Y*
- —
CEMS.DE
- 1D
- 0.10%
- 1M
- 4.58%
- YTD
- 13.72%
- 6M
- 16.86%
- 1Y
- 33.02%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
DEAM.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 6.73% | 19.33% | -6.03% | 7.33% | -28.80% | 13.67% | 8.05% | 15.51% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | -8.86% | 12.52% |
Correlation
The correlation between DEAM.DE and CEMS.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.77 |
The correlation between DEAM.DE and CEMS.DE has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DEAM.DE vs. CEMS.DE — Risk / Return Rank
DEAM.DE
CEMS.DE
DEAM.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.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.
| DEAM.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.43 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.29 | -2.93 |
| Martin ratioReturn relative to average drawdown | 0.98 | 12.37 | -11.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DEAM.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.37 | -2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.94 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.49 | -0.30 |
Drawdowns
DEAM.DE vs. CEMS.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, roughly equal to the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and CEMS.DE.
Loading charts...
Drawdown Indicators
| DEAM.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -40.20% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -9.99% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -17.57% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -19.55% | -20.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -11.42% | -1.26% | -10.16% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -7.49% | -8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 2.66% | +2.60% |
Volatility
DEAM.DE vs. CEMS.DE - Volatility Comparison
Invesco MDAX UCITS ETF A (DEAM.DE) has a higher volatility of 5.08% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 4.65%. This indicates that DEAM.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.
Loading charts...
Volatility by Period
| DEAM.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.65% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 11.17% | +4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 13.87% | +4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 15.23% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 17.43% | +2.18% |
DEAM.DE vs. CEMS.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% 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
DEAM.DE vs. CEMS.DE - Dividend Comparison
Neither DEAM.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and CEMS.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for CEMS.DE.
DEAM.DE tracks MDAX®, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for DEAM.DE and 0.25% for CEMS.DE.
Find the right allocation for DEAM.DE and CEMS.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer