ELFA.DE vs. CEMT.DE
ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - ELFA.DE tracks the EURO STOXX® 50 while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, ELFA.DE returned 10.55%/yr vs 6.44%/yr for CEMT.DE. A 0.75 correlation means they provide meaningful diversification when combined. ELFA.DE charges 0.15%/yr vs 0.25%/yr for CEMT.DE.
Performance
ELFA.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, ELFA.DE has outperformed CEMT.DE with an annualized return of 10.55%, while CEMT.DE has yielded a comparatively lower 6.44% annualized return.
ELFA.DE
- 1D
- 0.96%
- 1M
- 3.30%
- YTD
- 4.66%
- 6M
- 6.14%
- 1Y
- 13.01%
- 3Y*
- 15.42%
- 5Y*
- 11.83%
- 10Y*
- 10.55%
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%
ELFA.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 4.66% | 22.03% | 13.92% | 23.28% | -10.08% | 26.68% | -3.88% | 29.78% | -11.88% | 10.02% |
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 ELFA.DE and CEMT.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 20, 2015 | 0.75 |
Over the past year, the correlation between ELFA.DE and CEMT.DE has dropped to 0.43 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
ELFA.DE vs. CEMT.DE — Risk / Return Rank
ELFA.DE
CEMT.DE
ELFA.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.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.
| ELFA.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.10 | 0.00 |
| Martin ratioReturn relative to average drawdown | 3.54 | 4.03 | -0.50 |
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
| ELFA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.77 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.28 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.40 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.37 | +0.07 |
Drawdowns
ELFA.DE vs. CEMT.DE - Drawdown Comparison
The maximum ELFA.DE drawdown since its inception was -38.14%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for ELFA.DE and CEMT.DE.
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Drawdown Indicators
| ELFA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.14% | -37.66% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -4.26% | -8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -14.36% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -29.23% | +5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -37.66% | -0.48% |
Current DrawdownCurrent decline from peak | -0.20% | -0.39% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -7.08% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 1.16% | +2.64% |
Volatility
ELFA.DE vs. CEMT.DE - Volatility Comparison
Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) has a higher volatility of 4.91% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that ELFA.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
| ELFA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 0.00% | +4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 0.00% | +13.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 6.11% | +11.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 14.61% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 16.11% | +3.15% |
ELFA.DE vs. CEMT.DE - Expense Ratio Comparison
ELFA.DE has a 0.15% 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
ELFA.DE vs. CEMT.DE - Dividend Comparison
ELFA.DE's dividend yield for the trailing twelve months is around 2.18%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 2.18% | 2.29% | 2.65% | 3.30% | 1.48% | 2.09% | 0.00% | 0.00% | 0.73% | 0.81% | 0.59% |
Frequently Asked Questions
ELFA.DE and CEMT.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELFA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFA.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CEMT.DE.
ELFA.DE tracks EURO STOXX® 50, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Deka and iShares. Their fees differ too: 0.15% for ELFA.DE and 0.25% for CEMT.DE.
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