ETBB.DE vs. CEMS.DE
ETBB.DE (BNP Paribas Easy EURO STOXX 50 UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - ETBB.DE tracks the EURO STOXX® 50 while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, ETBB.DE returned 10.40%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.90 suggests significant overlap in exposure. ETBB.DE charges 0.18%/yr vs 0.25%/yr for CEMS.DE.
Performance
ETBB.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETBB.DE achieves a 7.30% return, which is significantly lower than CEMS.DE's 13.72% return. Both investments have delivered pretty close results over the past 10 years, with ETBB.DE having a 10.40% annualized return and CEMS.DE not far ahead at 10.71%.
ETBB.DE
- 1D
- 0.78%
- 1M
- 2.06%
- YTD
- 7.30%
- 6M
- 8.67%
- 1Y
- 15.73%
- 3Y*
- 15.59%
- 5Y*
- 11.55%
- 10Y*
- 10.40%
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%
ETBB.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETBB.DE BNP Paribas Easy EURO STOXX 50 UCITS ETF | 7.30% | 22.21% | 10.80% | 22.47% | -8.68% | 23.66% | -2.95% | 29.81% | -12.18% | 9.74% |
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 ETBB.DE and CEMS.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.90 |
The correlation between ETBB.DE and CEMS.DE has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
ETBB.DE vs. CEMS.DE — Risk / Return Rank
ETBB.DE
CEMS.DE
ETBB.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy EURO STOXX 50 UCITS ETF (ETBB.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.
| ETBB.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.43 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.29 | -1.85 |
| Martin ratioReturn relative to average drawdown | 4.90 | 12.37 | -7.47 |
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
| ETBB.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 2.37 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.94 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.61 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.49 | -0.10 |
Drawdowns
ETBB.DE vs. CEMS.DE - Drawdown Comparison
The maximum ETBB.DE drawdown since its inception was -38.43%, roughly equal to the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for ETBB.DE and CEMS.DE.
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Drawdown Indicators
| ETBB.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.43% | -40.20% | +1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -9.99% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -17.57% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.28% | -19.55% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -38.43% | -40.20% | +1.77% |
Current DrawdownCurrent decline from peak | -0.42% | -1.26% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -7.49% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.66% | +0.57% |
Volatility
ETBB.DE vs. CEMS.DE - Volatility Comparison
BNP Paribas Easy EURO STOXX 50 UCITS ETF (ETBB.DE) has a higher volatility of 4.95% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 4.65%. This indicates that ETBB.DE's price experiences larger fluctuations and is considered to be riskier 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
| ETBB.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.65% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 11.17% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 13.87% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.56% | 15.23% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 17.43% | +0.89% |
ETBB.DE vs. CEMS.DE - Expense Ratio Comparison
ETBB.DE has a 0.18% 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
ETBB.DE vs. CEMS.DE - Dividend Comparison
ETBB.DE's dividend yield for the trailing twelve months is around 2.66%, 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% |
ETBB.DE BNP Paribas Easy EURO STOXX 50 UCITS ETF | 2.66% | 2.77% | 2.96% | 3.01% | 2.73% | 1.86% | 2.60% | 3.08% | 3.96% | 0.23% | 2.85% | 3.19% |
Frequently Asked Questions
ETBB.DE and CEMS.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETBB.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETBB.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for CEMS.DE.
ETBB.DE tracks EURO STOXX® 50, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.18% for ETBB.DE and 0.25% for CEMS.DE.
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