EMUS.DE vs. CEMT.DE
EMUS.DE (BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - EMUS.DE tracks the MSCI EMU SRI S-Series PAB 5% Capped while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, EMUS.DE returned 7.85%/yr vs 4.08%/yr for CEMT.DE. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
EMUS.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
EMUS.DE
- 1D
- 0.74%
- 1M
- 5.38%
- YTD
- 7.56%
- 6M
- 9.47%
- 1Y
- 12.57%
- 3Y*
- 12.58%
- 5Y*
- 7.85%
- 10Y*
- —
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
EMUS.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMUS.DE BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF | 7.56% | 15.33% | 10.65% | 11.79% | -13.95% | 30.31% | 4.55% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 13.80% |
Correlation
The correlation between EMUS.DE and CEMT.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.69 |
Over the past year, the correlation between EMUS.DE and CEMT.DE has dropped to 0.46 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
EMUS.DE vs. CEMT.DE — Risk / Return Rank
EMUS.DE
CEMT.DE
EMUS.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.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.
| EMUS.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.10 | +0.06 |
| Martin ratioReturn relative to average drawdown | 3.93 | 4.03 | -0.10 |
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
| EMUS.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.77 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.28 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.37 | +0.41 |
Drawdowns
EMUS.DE vs. CEMT.DE - Drawdown Comparison
The maximum EMUS.DE drawdown since its inception was -25.16%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for EMUS.DE and CEMT.DE.
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Drawdown Indicators
| EMUS.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -37.66% | +12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -4.26% | -6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -13.11% | -14.36% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | -29.23% | +4.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.39% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -7.08% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 1.16% | +2.03% |
Volatility
EMUS.DE vs. CEMT.DE - Volatility Comparison
BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.DE) has a higher volatility of 4.25% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that EMUS.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
| EMUS.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 0.00% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.27% | 0.00% | +11.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.34% | 6.11% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 14.61% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 16.11% | +1.24% |
EMUS.DE vs. CEMT.DE - Expense Ratio Comparison
Both EMUS.DE and CEMT.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EMUS.DE vs. CEMT.DE - Dividend Comparison
Neither EMUS.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
EMUS.DE and CEMT.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMUS.DE and CEMT.DE have the same expense ratio: 0.25% per year.
EMUS.DE tracks MSCI EMU SRI S-Series PAB 5% Capped, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: BNP Paribas and iShares.
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