DEAM.DE vs. CEMT.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - DEAM.DE tracks the MDAX® while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, DEAM.DE returned -0.95%/yr vs 4.08%/yr for CEMT.DE. Their correlation of 0.85 suggests significant overlap in exposure. DEAM.DE charges 0.19%/yr vs 0.25%/yr for CEMT.DE.
Performance
DEAM.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
DEAM.DE
- 1D
- 0.22%
- 1M
- 5.09%
- YTD
- 6.73%
- 6M
- 10.46%
- 1Y
- 5.21%
- 3Y*
- 6.11%
- 5Y*
- -0.95%
- 10Y*
- —
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%
DEAM.DE vs. CEMT.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% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 15.44% |
Correlation
The correlation between DEAM.DE and CEMT.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.85 |
Over the past year, the correlation between DEAM.DE and CEMT.DE has dropped to 0.41 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
DEAM.DE vs. CEMT.DE — Risk / Return Rank
DEAM.DE
CEMT.DE
DEAM.DE vs. CEMT.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 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.
| DEAM.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.21 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.10 | -0.74 |
| Martin ratioReturn relative to average drawdown | 0.98 | 4.03 | -3.05 |
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
| DEAM.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.77 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.28 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.37 | -0.19 |
Drawdowns
DEAM.DE vs. CEMT.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, which is greater than CEMT.DE's maximum drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and CEMT.DE.
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Drawdown Indicators
| DEAM.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -37.66% | -2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -4.26% | -10.21% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -14.36% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -29.23% | -10.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -11.42% | -0.39% | -11.03% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -7.08% | -9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 1.16% | +4.10% |
Volatility
DEAM.DE vs. CEMT.DE - Volatility Comparison
Invesco MDAX UCITS ETF A (DEAM.DE) has a higher volatility of 5.08% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that DEAM.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
| DEAM.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 0.00% | +5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 0.00% | +15.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 6.11% | +12.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 14.61% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 16.11% | +3.50% |
DEAM.DE vs. CEMT.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% 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
DEAM.DE vs. CEMT.DE - Dividend Comparison
Neither DEAM.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and CEMT.DE have a correlation of 0.41, 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 CEMT.DE.
DEAM.DE tracks MDAX®, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for DEAM.DE and 0.25% for CEMT.DE.
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