EUN2.DE vs. CEMS.DE
EUN2.DE (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - EUN2.DE tracks the EURO STOXX® 50 while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, EUN2.DE returned 10.53%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.90 suggests significant overlap in exposure. EUN2.DE charges 0.10%/yr vs 0.25%/yr for CEMS.DE.
Performance
EUN2.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN2.DE achieves a 7.12% 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 EUN2.DE having a 10.53% annualized return and CEMS.DE not far ahead at 10.71%.
EUN2.DE
- 1D
- 0.76%
- 1M
- 1.87%
- YTD
- 7.12%
- 6M
- 8.50%
- 1Y
- 15.68%
- 3Y*
- 15.61%
- 5Y*
- 11.50%
- 10Y*
- 10.53%
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%
EUN2.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 7.12% | 22.24% | 10.97% | 22.70% | -8.84% | 23.49% | -3.00% | 30.05% | -12.00% | 10.20% |
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 EUN2.DE and CEMS.DE is 0.88, 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 | 0.88 |
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 EUN2.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
EUN2.DE vs. CEMS.DE — Risk / Return Rank
EUN2.DE
CEMS.DE
EUN2.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.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.
| EUN2.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.43 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.29 | -1.86 |
| Martin ratioReturn relative to average drawdown | 4.86 | 12.37 | -7.51 |
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
| EUN2.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 | 0.57 | 0.61 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.49 | -0.32 |
Drawdowns
EUN2.DE vs. CEMS.DE - Drawdown Comparison
The maximum EUN2.DE drawdown since its inception was -65.11%, which is greater than CEMS.DE's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for EUN2.DE and CEMS.DE.
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Drawdown Indicators
| EUN2.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.11% | -40.20% | -24.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -9.99% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -17.57% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -19.55% | -3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | -40.20% | +1.85% |
Current DrawdownCurrent decline from peak | -0.57% | -1.26% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -19.35% | -7.49% | -11.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.66% | +0.58% |
Volatility
EUN2.DE vs. CEMS.DE - Volatility Comparison
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.DE) has a higher volatility of 4.96% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 4.65%. This indicates that EUN2.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
| EUN2.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 4.65% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 11.17% | +1.71% |
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 | 17.46% | 15.23% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 17.43% | +0.80% |
EUN2.DE vs. CEMS.DE - Expense Ratio Comparison
EUN2.DE has a 0.10% 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
EUN2.DE vs. CEMS.DE - Dividend Comparison
EUN2.DE's dividend yield for the trailing twelve months is around 2.55%, 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% |
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 2.55% | 2.51% | 3.02% | 3.02% | 2.92% | 2.05% | 2.15% | 3.02% | 3.70% | 2.85% | 3.38% | 2.93% |
Frequently Asked Questions
EUN2.DE and CEMS.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN2.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN2.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for CEMS.DE.
EUN2.DE tracks EURO STOXX® 50, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.10% for EUN2.DE and 0.25% for CEMS.DE.
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