EL4Y.DE vs. CEMT.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - EL4Y.DE tracks the STOXX® Europe 50 while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, EL4Y.DE returned 9.26%/yr vs 6.44%/yr for CEMT.DE. A 0.76 correlation means they provide meaningful diversification when combined. EL4Y.DE charges 0.19%/yr vs 0.25%/yr for CEMT.DE.
Performance
EL4Y.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, EL4Y.DE has outperformed CEMT.DE with an annualized return of 9.26%, while CEMT.DE has yielded a comparatively lower 6.44% 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%
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%
EL4Y.DE vs. CEMT.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% |
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 EL4Y.DE and CEMT.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.76 |
Over the past year, the correlation between EL4Y.DE and CEMT.DE has dropped to 0.41 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
EL4Y.DE vs. CEMT.DE — Risk / Return Rank
EL4Y.DE
CEMT.DE
EL4Y.DE vs. CEMT.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 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.
| EL4Y.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.10 | +0.64 |
| Martin ratioReturn relative to average drawdown | 6.12 | 4.03 | +2.08 |
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 | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.77 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.28 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.40 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.37 | +0.27 |
Drawdowns
EL4Y.DE vs. CEMT.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.48%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and CEMT.DE.
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Drawdown Indicators
| EL4Y.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -37.66% | +5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -4.26% | -5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -14.36% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -29.23% | +12.10% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | -37.66% | +5.18% |
Current DrawdownCurrent decline from peak | -1.67% | -0.39% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -7.08% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 1.16% | +1.53% |
Volatility
EL4Y.DE vs. CEMT.DE - Volatility Comparison
Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) has a higher volatility of 4.38% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that EL4Y.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
| EL4Y.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 0.00% | +4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 0.00% | +10.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 6.11% | +7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 14.61% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 16.11% | -0.37% |
EL4Y.DE vs. CEMT.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% expense ratio, which is lower than CEMT.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. CEMT.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.32%, 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% |
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 CEMT.DE have a correlation of 0.41, 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 CEMT.DE.
EL4Y.DE tracks STOXX® Europe 50, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Deka and iShares. Their fees differ too: 0.19% for EL4Y.DE and 0.25% for CEMT.DE.
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