EXW3.DE vs. CEMS.DE
EXW3.DE (iShares STOXX Europe 50 UCITS ETF (DE)) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - EXW3.DE tracks the STOXX® Europe 50 while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, EXW3.DE returned 9.47%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.88 suggests significant overlap in exposure. EXW3.DE charges 0.52%/yr vs 0.25%/yr for CEMS.DE.
Performance
EXW3.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXW3.DE achieves a 10.62% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, EXW3.DE has underperformed CEMS.DE with an annualized return of 9.47%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
EXW3.DE
- 1D
- 0.65%
- 1M
- 4.48%
- YTD
- 10.62%
- 6M
- 13.23%
- 1Y
- 20.00%
- 3Y*
- 13.15%
- 5Y*
- 11.77%
- 10Y*
- 9.47%
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%
EXW3.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXW3.DE iShares STOXX Europe 50 UCITS ETF (DE) | 10.62% | 18.18% | 7.31% | 14.20% | -1.53% | 25.70% | -6.57% | 28.28% | -10.54% | 9.15% |
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 EXW3.DE and CEMS.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.88 |
The correlation between EXW3.DE and CEMS.DE has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
EXW3.DE vs. CEMS.DE — Risk / Return Rank
EXW3.DE
CEMS.DE
EXW3.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.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.
| EXW3.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.43 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.29 | -1.20 |
| Martin ratioReturn relative to average drawdown | 7.39 | 12.37 | -4.98 |
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
| EXW3.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.37 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.94 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.61 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.49 | -0.29 |
Drawdowns
EXW3.DE vs. CEMS.DE - Drawdown Comparison
The maximum EXW3.DE drawdown since its inception was -57.98%, 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 EXW3.DE and CEMS.DE.
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Drawdown Indicators
| EXW3.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.98% | -40.20% | -17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -9.99% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.30% | -17.57% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -17.30% | -19.55% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -32.27% | -40.20% | +7.93% |
Current DrawdownCurrent decline from peak | -1.20% | -1.26% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -17.07% | -7.49% | -9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.66% | +0.04% |
Volatility
EXW3.DE vs. CEMS.DE - Volatility Comparison
iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) have volatilities of 4.77% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXW3.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.65% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 11.17% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 13.87% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 15.23% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 17.43% | -1.99% |
EXW3.DE vs. CEMS.DE - Expense Ratio Comparison
EXW3.DE has a 0.52% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
EXW3.DE vs. CEMS.DE - Dividend Comparison
EXW3.DE's dividend yield for the trailing twelve months is around 2.12%, 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% |
EXW3.DE iShares STOXX Europe 50 UCITS ETF (DE) | 2.12% | 2.22% | 2.44% | 2.10% | 2.52% | 2.05% | 2.16% | 2.79% | 2.96% | 5.17% | 4.31% | 3.43% |
Frequently Asked Questions
EXW3.DE and CEMS.DE have a correlation of 0.84, 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 0.52% for EXW3.DE.
EXW3.DE tracks STOXX® Europe 50, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.52% for EXW3.DE and 0.25% for CEMS.DE.
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