EL43.DE vs. CEMT.DE
EL43.DE (Deka MSCI Europe MC UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - EL43.DE tracks the MSCI Europe Mid Cap while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, EL43.DE returned 8.48%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.90 suggests significant overlap in exposure. EL43.DE charges 0.30%/yr vs 0.25%/yr for CEMT.DE.
Performance
EL43.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, EL43.DE has outperformed CEMT.DE with an annualized return of 8.48%, while CEMT.DE has yielded a comparatively lower 6.44% annualized return.
EL43.DE
- 1D
- 0.20%
- 1M
- -0.34%
- YTD
- 7.83%
- 6M
- 10.02%
- 1Y
- 14.97%
- 3Y*
- 14.70%
- 5Y*
- 7.18%
- 10Y*
- 8.48%
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%
EL43.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 7.83% | 23.35% | 7.52% | 14.30% | -19.19% | 21.35% | 4.43% | 31.27% | -13.55% | 14.21% |
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 EL43.DE and CEMT.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.90 |
Over the past year, the correlation between EL43.DE and CEMT.DE has dropped to 0.50 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
EL43.DE vs. CEMT.DE — Risk / Return Rank
EL43.DE
CEMT.DE
EL43.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe MC UCITS ETF (EL43.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.
| EL43.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.10 | +0.75 |
| Martin ratioReturn relative to average drawdown | 6.82 | 4.03 | +2.78 |
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
| EL43.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.77 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.28 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.40 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.37 | +0.21 |
Drawdowns
EL43.DE vs. CEMT.DE - Drawdown Comparison
The maximum EL43.DE drawdown since its inception was -37.81%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for EL43.DE and CEMT.DE.
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Drawdown Indicators
| EL43.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.81% | -37.66% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -4.26% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -14.36% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -29.37% | -29.23% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -37.81% | -37.66% | -0.15% |
Current DrawdownCurrent decline from peak | -1.88% | -0.39% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -7.08% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.16% | +1.11% |
Volatility
EL43.DE vs. CEMT.DE - Volatility Comparison
Deka MSCI Europe MC UCITS ETF (EL43.DE) has a higher volatility of 3.39% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that EL43.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
| EL43.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 0.00% | +3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 0.00% | +9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 6.11% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 14.61% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 16.11% | +1.48% |
EL43.DE vs. CEMT.DE - Expense Ratio Comparison
EL43.DE has a 0.30% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
EL43.DE vs. CEMT.DE - Dividend Comparison
EL43.DE's dividend yield for the trailing twelve months is around 2.19%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
EL43.DE Deka MSCI Europe MC UCITS ETF | 2.19% | 2.69% | 4.09% | 2.52% | 2.53% | 1.64% | 1.79% | 2.18% | 2.56% | 1.60% | 2.76% | 2.05% |
Frequently Asked Questions
EL43.DE and CEMT.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for EL43.DE.
EL43.DE tracks MSCI Europe Mid Cap, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Deka and iShares. Their fees differ too: 0.30% for EL43.DE and 0.25% for CEMT.DE.
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