EL4Y.DE vs. CEMS.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - EL4Y.DE tracks the STOXX® Europe 50 while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, EL4Y.DE returned 9.26%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.82 suggests significant overlap in exposure. EL4Y.DE charges 0.19%/yr vs 0.25%/yr for CEMS.DE.
Performance
EL4Y.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4Y.DE achieves a 7.24% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, EL4Y.DE has underperformed CEMS.DE with an annualized return of 9.26%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
EL4Y.DE
- 1D
- 0.78%
- 1M
- 0.70%
- YTD
- 7.24%
- 6M
- 9.68%
- 1Y
- 16.54%
- 3Y*
- 12.17%
- 5Y*
- 11.26%
- 10Y*
- 9.26%
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%
EL4Y.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 7.24% | 18.13% | 7.64% | 14.59% | -1.21% | 25.48% | -6.26% | 28.33% | -10.18% | 8.89% |
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 EL4Y.DE and CEMS.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.82 |
The correlation between EL4Y.DE and CEMS.DE has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
EL4Y.DE vs. CEMS.DE — Risk / Return Rank
EL4Y.DE
CEMS.DE
EL4Y.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe 50 UCITS ETF (EL4Y.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.
| EL4Y.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.43 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.29 | -1.56 |
| Martin ratioReturn relative to average drawdown | 6.12 | 12.37 | -6.25 |
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
| EL4Y.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.37 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.94 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.61 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.49 | +0.16 |
Drawdowns
EL4Y.DE vs. CEMS.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.48%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and CEMS.DE.
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Drawdown Indicators
| EL4Y.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -40.20% | +7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -9.99% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -17.57% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -19.55% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | -40.20% | +7.72% |
Current DrawdownCurrent decline from peak | -1.67% | -1.26% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -7.49% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.66% | +0.03% |
Volatility
EL4Y.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) is 4.38%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that EL4Y.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
| EL4Y.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.65% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 11.17% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 13.87% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 15.23% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 17.43% | -1.69% |
EL4Y.DE vs. CEMS.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% expense ratio, which is lower than CEMS.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
EL4Y.DE vs. CEMS.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.32%, 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% |
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 2.32% | 2.61% | 2.93% | 2.60% | 2.77% | 2.45% | 2.71% | 3.11% | 3.82% | 3.38% | 3.49% | 3.65% |
Frequently Asked Questions
EL4Y.DE and CEMS.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4Y.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4Y.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for CEMS.DE.
EL4Y.DE tracks STOXX® Europe 50, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Deka and iShares. Their fees differ too: 0.19% for EL4Y.DE and 0.25% for CEMS.DE.
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