EUNK.DE vs. CEMS.DE
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - EUNK.DE tracks the MSCI Europe while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, EUNK.DE returned 9.16%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.93 suggests significant overlap in exposure. EUNK.DE charges 0.12%/yr vs 0.25%/yr for CEMS.DE.
Performance
EUNK.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNK.DE achieves a 7.32% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, EUNK.DE has underperformed CEMS.DE with an annualized return of 9.16%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
EUNK.DE
- 1D
- 0.60%
- 1M
- 1.11%
- YTD
- 7.32%
- 6M
- 9.84%
- 1Y
- 15.90%
- 3Y*
- 13.70%
- 5Y*
- 9.96%
- 10Y*
- 9.16%
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%
EUNK.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.32% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 10.51% |
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 EUNK.DE and CEMS.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.93 |
The correlation between EUNK.DE and CEMS.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
EUNK.DE vs. CEMS.DE — Risk / Return Rank
EUNK.DE
CEMS.DE
EUNK.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.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.
| EUNK.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 3.29 | -1.60 |
| Martin ratioReturn relative to average drawdown | 6.26 | 12.37 | -6.10 |
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
| EUNK.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.37 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.94 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.61 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.49 | +0.03 |
Drawdowns
EUNK.DE vs. CEMS.DE - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.45%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and CEMS.DE.
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Drawdown Indicators
| EUNK.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.45% | -40.20% | +4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -9.99% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -17.57% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -19.55% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -35.45% | -40.20% | +4.75% |
Current DrawdownCurrent decline from peak | -1.68% | -1.26% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -7.49% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.66% | -0.09% |
Volatility
EUNK.DE vs. CEMS.DE - Volatility Comparison
The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) is 4.33%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that EUNK.DE experiences smaller price fluctuations and is considered to be less risky 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
| EUNK.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.65% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 11.17% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 13.87% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 15.23% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 17.43% | -1.94% |
EUNK.DE vs. CEMS.DE - Expense Ratio Comparison
EUNK.DE has a 0.12% 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
EUNK.DE vs. CEMS.DE - Dividend Comparison
Neither EUNK.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, EUNK.DE and CEMS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EUNK.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNK.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for CEMS.DE.
EUNK.DE tracks MSCI Europe, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.12% for EUNK.DE and 0.25% for CEMS.DE.
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