ED3F.DE vs. CEMQ.DE
ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) are both exchange-traded funds - ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index, while CEMQ.DE is a Europe Equities fund tracking the MSCI Europe Sector Neutral Quality. Both are passively managed. Over the past year, ED3F.DE returned -1.88% vs 6.77% for CEMQ.DE. At a 0.29 correlation, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.25%/yr for CEMQ.DE.
Performance
ED3F.DE vs. CEMQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ED3F.DE achieves a 0.02% return, which is significantly lower than CEMQ.DE's 4.17% return.
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEMQ.DE
- 1D
- 0.82%
- 1M
- 1.24%
- YTD
- 4.17%
- 6M
- 5.97%
- 1Y
- 6.77%
- 3Y*
- 7.83%
- 5Y*
- 5.86%
- 10Y*
- 7.82%
ED3F.DE vs. CEMQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 4.17% | 2.54% |
Correlation
The correlation between ED3F.DE and CEMQ.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.29 |
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Return for Risk
ED3F.DE vs. CEMQ.DE — Risk / Return Rank
ED3F.DE
CEMQ.DE
ED3F.DE vs. CEMQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) and iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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.
| ED3F.DE | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.11 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.80 | -0.88 |
| Martin ratioReturn relative to average drawdown | -0.18 | 2.14 | -2.32 |
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
| ED3F.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.57 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.48 | -0.32 |
Drawdowns
ED3F.DE vs. CEMQ.DE - Drawdown Comparison
The maximum ED3F.DE drawdown since its inception was -23.91%, smaller than the maximum CEMQ.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for ED3F.DE and CEMQ.DE.
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Drawdown Indicators
| ED3F.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.91% | -33.74% | +9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -23.91% | -8.40% | -15.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.74% | — |
Current DrawdownCurrent decline from peak | -20.80% | -2.60% | -18.20% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -5.35% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.25% | 3.17% | +7.08% |
Volatility
ED3F.DE vs. CEMQ.DE - Volatility Comparison
Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a higher volatility of 10.58% compared to iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) at 3.97%. This indicates that ED3F.DE's price experiences larger fluctuations and is considered to be riskier than CEMQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ED3F.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 3.97% | +6.61% |
Volatility (6M)Calculated over the trailing 6-month period | 22.80% | 9.53% | +13.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.60% | 11.93% | +18.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.42% | 14.02% | +16.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.42% | 15.02% | +15.40% |
ED3F.DE vs. CEMQ.DE - Expense Ratio Comparison
ED3F.DE has a 0.40% expense ratio, which is higher than CEMQ.DE's 0.25% expense ratio.
Dividends
ED3F.DE vs. CEMQ.DE - Dividend Comparison
Neither ED3F.DE nor CEMQ.DE has paid dividends to shareholders.
Frequently Asked Questions
ED3F.DE and CEMQ.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMQ.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for ED3F.DE.
ED3F.DE is categorized as Aerospace & Defense, while CEMQ.DE is Europe Equities. ED3F.DE tracks Mirae Asset Europe Defence Tech Index, while CEMQ.DE tracks MSCI Europe Sector Neutral Quality. They also come from different issuers: Global X and iShares. Their fees differ too: 0.40% for ED3F.DE and 0.25% for CEMQ.DE.
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