EL42.DE vs. CEMS.DE
EL42.DE (Deka MSCI Europe UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - EL42.DE tracks the MSCI Europe while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, EL42.DE returned 8.94%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.92 suggests significant overlap in exposure. EL42.DE charges 0.30%/yr vs 0.25%/yr for CEMS.DE.
Performance
EL42.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL42.DE achieves a 7.59% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, EL42.DE has underperformed CEMS.DE with an annualized return of 8.94%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
EL42.DE
- 1D
- 0.56%
- 1M
- 1.11%
- YTD
- 7.59%
- 6M
- 9.92%
- 1Y
- 15.89%
- 3Y*
- 13.43%
- 5Y*
- 9.71%
- 10Y*
- 8.94%
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%
EL42.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL42.DE Deka MSCI Europe UCITS ETF | 7.59% | 20.03% | 7.79% | 15.64% | -9.11% | 24.38% | -3.36% | 27.36% | -10.93% | 10.10% |
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 EL42.DE and CEMS.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.92 |
The correlation between EL42.DE and CEMS.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
EL42.DE vs. CEMS.DE — Risk / Return Rank
EL42.DE
CEMS.DE
EL42.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe UCITS ETF (EL42.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.
| EL42.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.29 | -1.63 |
| Martin ratioReturn relative to average drawdown | 6.24 | 12.37 | -6.13 |
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
| EL42.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.37 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.94 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.61 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.49 | +0.11 |
Drawdowns
EL42.DE vs. CEMS.DE - Drawdown Comparison
The maximum EL42.DE drawdown since its inception was -35.85%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for EL42.DE and CEMS.DE.
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Drawdown Indicators
| EL42.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.85% | -40.20% | +4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -9.99% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -17.57% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -19.55% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -35.85% | -40.20% | +4.35% |
Current DrawdownCurrent decline from peak | -1.52% | -1.26% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -7.49% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.66% | -0.10% |
Volatility
EL42.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Deka MSCI Europe UCITS ETF (EL42.DE) is 4.22%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that EL42.DE experiences smaller price fluctuations and is considered to be less risky 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
| EL42.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 4.65% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 11.17% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 13.87% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 15.23% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 17.43% | -1.87% |
EL42.DE vs. CEMS.DE - Expense Ratio Comparison
EL42.DE has a 0.30% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
EL42.DE vs. CEMS.DE - Dividend Comparison
EL42.DE's dividend yield for the trailing twelve months is around 2.15%, while CEMS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value 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% | 0.00% |
EL42.DE Deka MSCI Europe UCITS ETF | 2.15% | 2.31% | 2.64% | 2.59% | 2.78% | 2.09% | 1.94% | 2.76% | 3.41% | 2.72% | 3.00% | 2.69% |
Frequently Asked Questions
With a correlation of 0.92, EL42.DE and CEMS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for EL42.DE.
EL42.DE tracks MSCI Europe, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Deka and iShares. Their fees differ too: 0.30% for EL42.DE and 0.25% for CEMS.DE.
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