E903.DE vs. CEMT.DE
E903.DE (Amundi DivDAX II UCITS ETF Dist) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - E903.DE tracks the DivDAX® while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, E903.DE returned 7.64%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
E903.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, E903.DE has outperformed CEMT.DE with an annualized return of 7.64%, while CEMT.DE has yielded a comparatively lower 6.44% annualized return.
E903.DE
- 1D
- -0.69%
- 1M
- -2.94%
- YTD
- 1.54%
- 6M
- 3.05%
- 1Y
- 8.07%
- 3Y*
- 9.49%
- 5Y*
- 5.65%
- 10Y*
- 7.64%
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%
E903.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 1.54% | 21.96% | 4.36% | 17.02% | -10.82% | 13.58% | 1.62% | 23.29% | -16.27% | 13.76% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 13.62% |
Correlation
The correlation between E903.DE and CEMT.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.81 |
Over the past year, the correlation between E903.DE and CEMT.DE has dropped to 0.42 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
E903.DE vs. CEMT.DE — Risk / Return Rank
E903.DE
CEMT.DE
E903.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi DivDAX II UCITS ETF Dist (E903.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.
| E903.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.10 | -0.26 |
| Martin ratioReturn relative to average drawdown | 2.33 | 4.03 | -1.70 |
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
| E903.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.77 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.28 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.40 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.37 | -0.03 |
Drawdowns
E903.DE vs. CEMT.DE - Drawdown Comparison
The maximum E903.DE drawdown since its inception was -41.56%, 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 E903.DE and CEMT.DE.
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Drawdown Indicators
| E903.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.56% | -37.66% | -3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -4.26% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -14.36% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -29.23% | +3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -37.66% | -3.90% |
Current DrawdownCurrent decline from peak | -5.02% | -0.39% | -4.63% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -7.08% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 1.16% | +2.39% |
Volatility
E903.DE vs. CEMT.DE - Volatility Comparison
Amundi DivDAX II UCITS ETF Dist (E903.DE) has a higher volatility of 3.68% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that E903.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
| E903.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 0.00% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 0.00% | +11.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 6.11% | +8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 14.61% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 16.11% | +2.57% |
E903.DE vs. CEMT.DE - Expense Ratio Comparison
Both E903.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
E903.DE vs. CEMT.DE - Dividend Comparison
E903.DE's dividend yield for the trailing twelve months is around 3.61%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
E903.DE Amundi DivDAX II UCITS ETF Dist | 3.61% | 3.66% | 4.20% | 5.26% | 3.88% | 2.62% | 3.28% | 3.24% | 3.74% | 2.45% | 2.97% |
Frequently Asked Questions
E903.DE and CEMT.DE have a correlation of 0.42, 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.
E903.DE and CEMT.DE have the same expense ratio: 0.25% per year.
E903.DE tracks DivDAX®, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Amundi and iShares.
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