EXSB.DE vs. CEMS.DE
EXSB.DE (iShares DivDAX UCITS ETF (DE)) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - EXSB.DE tracks the DivDAX® while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, EXSB.DE returned 7.59%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.88 suggests significant overlap in exposure. EXSB.DE charges 0.31%/yr vs 0.25%/yr for CEMS.DE.
Performance
EXSB.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXSB.DE achieves a 1.54% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, EXSB.DE has underperformed CEMS.DE with an annualized return of 7.59%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
EXSB.DE
- 1D
- -0.71%
- 1M
- -0.92%
- YTD
- 1.54%
- 6M
- 3.75%
- 1Y
- 8.12%
- 3Y*
- 9.41%
- 5Y*
- 5.53%
- 10Y*
- 7.59%
CEMS.DE
- 1D
- 0.10%
- 1M
- 4.58%
- YTD
- 13.72%
- 6M
- 16.86%
- 1Y
- 33.02%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
EXSB.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSB.DE iShares DivDAX UCITS ETF (DE) | 1.54% | 21.72% | 4.26% | 17.02% | -11.05% | 13.58% | 2.20% | 23.19% | -16.62% | 13.85% |
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 EXSB.DE and CEMS.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.88 |
The correlation between EXSB.DE and CEMS.DE has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
EXSB.DE vs. CEMS.DE — Risk / Return Rank
EXSB.DE
CEMS.DE
EXSB.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares DivDAX UCITS ETF (DE) (EXSB.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.
| EXSB.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.43 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 3.29 | -2.47 |
| Martin ratioReturn relative to average drawdown | 2.26 | 12.37 | -10.10 |
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
| EXSB.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.37 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.94 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.61 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.49 | -0.15 |
Drawdowns
EXSB.DE vs. CEMS.DE - Drawdown Comparison
The maximum EXSB.DE drawdown since its inception was -60.17%, 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 EXSB.DE and CEMS.DE.
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Drawdown Indicators
| EXSB.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.17% | -40.20% | -19.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -9.99% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.89% | -17.57% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.49% | -19.55% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -41.68% | -40.20% | -1.48% |
Current DrawdownCurrent decline from peak | -5.13% | -1.26% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -12.25% | -7.49% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.66% | +0.92% |
Volatility
EXSB.DE vs. CEMS.DE - Volatility Comparison
The current volatility for iShares DivDAX UCITS ETF (DE) (EXSB.DE) is 3.57%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that EXSB.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
| EXSB.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 4.65% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 11.17% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 13.87% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 15.23% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 17.43% | +1.22% |
EXSB.DE vs. CEMS.DE - Expense Ratio Comparison
EXSB.DE has a 0.31% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
EXSB.DE vs. CEMS.DE - Dividend Comparison
EXSB.DE's dividend yield for the trailing twelve months is around 3.06%, 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% |
EXSB.DE iShares DivDAX UCITS ETF (DE) | 3.06% | 3.11% | 3.50% | 4.55% | 3.19% | 2.17% | 2.19% | 2.36% | 2.77% | 1.65% | 2.53% | 3.23% |
Frequently Asked Questions
EXSB.DE and CEMS.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.31% for EXSB.DE.
EXSB.DE tracks DivDAX®, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.31% for EXSB.DE and 0.25% for CEMS.DE.
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