EUN0.DE vs. CEMT.DE
EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds from iShares - EUN0.DE tracks the MSCI Europe Minimum Volatility while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, EUN0.DE returned 6.66%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
EUN0.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Both investments have delivered pretty close results over the past 10 years, with EUN0.DE having a 6.66% annualized return and CEMT.DE not far behind at 6.44%.
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
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%
EUN0.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
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 EUN0.DE and CEMT.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.82 |
Over the past year, the correlation between EUN0.DE and CEMT.DE has dropped to 0.36 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
EUN0.DE vs. CEMT.DE — Risk / Return Rank
EUN0.DE
CEMT.DE
EUN0.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| EUN0.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.10 | -0.34 |
| Martin ratioReturn relative to average drawdown | 1.97 | 4.03 | -2.06 |
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
| EUN0.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.77 | -0.15 |
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 | 0.53 | 0.40 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.37 | +0.26 |
Drawdowns
EUN0.DE vs. CEMT.DE - Drawdown Comparison
The maximum EUN0.DE drawdown since its inception was -30.68%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for EUN0.DE and CEMT.DE.
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Drawdown Indicators
| EUN0.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -37.66% | +6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -4.26% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | -14.36% | +3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -29.23% | +9.59% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -37.66% | +6.98% |
Current DrawdownCurrent decline from peak | -3.12% | -0.39% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -7.08% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.16% | +1.60% |
Volatility
EUN0.DE vs. CEMT.DE - Volatility Comparison
iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) has a higher volatility of 3.03% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that EUN0.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
| EUN0.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 0.00% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 0.00% | +7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 6.11% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 14.61% | -3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.51% | 16.11% | -3.60% |
EUN0.DE vs. CEMT.DE - Expense Ratio Comparison
Both EUN0.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
EUN0.DE vs. CEMT.DE - Dividend Comparison
Neither EUN0.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
EUN0.DE and CEMT.DE have a correlation of 0.36, 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.
EUN0.DE and CEMT.DE have the same expense ratio: 0.25% per year.
EUN0.DE tracks MSCI Europe Minimum Volatility, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted.
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