EXW3.DE vs. CEMT.DE
EXW3.DE (iShares STOXX Europe 50 UCITS ETF (DE)) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds from iShares - EXW3.DE tracks the STOXX® Europe 50 while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, EXW3.DE returned 9.47%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.83 suggests significant overlap in exposure. EXW3.DE charges 0.52%/yr vs 0.25%/yr for CEMT.DE.
Performance
EXW3.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, EXW3.DE has outperformed CEMT.DE with an annualized return of 9.47%, while CEMT.DE has yielded a comparatively lower 6.44% 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%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
EXW3.DE vs. CEMT.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% |
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 EXW3.DE and CEMT.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.83 |
Over the past year, the correlation between EXW3.DE and CEMT.DE has dropped to 0.40 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
EXW3.DE vs. CEMT.DE — Risk / Return Rank
EXW3.DE
CEMT.DE
EXW3.DE vs. CEMT.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 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.
| EXW3.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.10 | +1.00 |
| Martin ratioReturn relative to average drawdown | 7.39 | 4.03 | +3.35 |
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 | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.77 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.28 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.40 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.37 | -0.18 |
Drawdowns
EXW3.DE vs. CEMT.DE - Drawdown Comparison
The maximum EXW3.DE drawdown since its inception was -57.98%, which is greater than CEMT.DE's maximum drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for EXW3.DE and CEMT.DE.
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Drawdown Indicators
| EXW3.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.98% | -37.66% | -20.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -4.26% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -17.30% | -14.36% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -17.30% | -29.23% | +11.93% |
Max Drawdown (10Y)Largest decline over 10 years | -32.27% | -37.66% | +5.39% |
Current DrawdownCurrent decline from peak | -1.20% | -0.39% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -17.07% | -7.08% | -9.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.16% | +1.54% |
Volatility
EXW3.DE vs. CEMT.DE - Volatility Comparison
iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.DE) has a higher volatility of 4.77% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that EXW3.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
| EXW3.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 0.00% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 0.00% | +11.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 6.11% | +7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 14.61% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 16.11% | -0.67% |
EXW3.DE vs. CEMT.DE - Expense Ratio Comparison
EXW3.DE has a 0.52% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
EXW3.DE vs. CEMT.DE - Dividend Comparison
EXW3.DE's dividend yield for the trailing twelve months is around 2.12%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size 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 CEMT.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.DE is cheaper with a 0.25% expense ratio, compared with 0.52% for EXW3.DE.
EXW3.DE tracks STOXX® Europe 50, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. Their fees differ too: 0.52% for EXW3.DE and 0.25% for CEMT.DE.
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