FEUI.DE vs. CEMT.DE
FEUI.DE (Fidelity Europe Quality Income UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - FEUI.DE tracks the MSCI Europe High Div Yld NR EUR while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, FEUI.DE returned 8.02%/yr vs 4.08%/yr for CEMT.DE. Their correlation of 0.88 suggests significant overlap in exposure. FEUI.DE charges 0.30%/yr vs 0.25%/yr for CEMT.DE.
Performance
FEUI.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
FEUI.DE
- 1D
- 0.65%
- 1M
- 2.70%
- YTD
- 7.79%
- 6M
- 9.55%
- 1Y
- 16.12%
- 3Y*
- 13.31%
- 5Y*
- 8.02%
- 10Y*
- —
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%
FEUI.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FEUI.DE Fidelity Europe Quality Income UCITS ETF | 7.79% | 18.53% | 5.59% | 18.51% | -15.30% | 26.87% | -2.74% | 8.86% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 7.96% |
Correlation
The correlation between FEUI.DE and CEMT.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | 0.88 |
Over the past year, the correlation between FEUI.DE and CEMT.DE has dropped to 0.46 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
FEUI.DE vs. CEMT.DE — Risk / Return Rank
FEUI.DE
CEMT.DE
FEUI.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEUI.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.
| FEUI.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.10 | +0.81 |
| Martin ratioReturn relative to average drawdown | 6.52 | 4.03 | +2.49 |
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
| FEUI.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.77 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.28 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.37 | +0.18 |
Drawdowns
FEUI.DE vs. CEMT.DE - Drawdown Comparison
The maximum FEUI.DE drawdown since its inception was -33.84%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for FEUI.DE and CEMT.DE.
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Drawdown Indicators
| FEUI.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -37.66% | +3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -4.26% | -4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -14.36% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -24.73% | -29.23% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -1.69% | -0.39% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -7.08% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 1.16% | +1.31% |
Volatility
FEUI.DE vs. CEMT.DE - Volatility Comparison
Fidelity Europe Quality Income UCITS ETF (FEUI.DE) has a higher volatility of 4.83% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that FEUI.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
| FEUI.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 0.00% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 0.00% | +10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.80% | 6.11% | +6.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 14.61% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 16.11% | +0.55% |
FEUI.DE vs. CEMT.DE - Expense Ratio Comparison
FEUI.DE has a 0.30% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
FEUI.DE vs. CEMT.DE - Dividend Comparison
FEUI.DE's dividend yield for the trailing twelve months is around 3.50%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
FEUI.DE Fidelity Europe Quality Income UCITS ETF | 3.50% | 3.09% | 3.55% | 4.02% | 5.06% | 3.98% | 2.56% | 0.41% |
Frequently Asked Questions
FEUI.DE and CEMT.DE have a correlation of 0.46, 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 0.30% for FEUI.DE.
FEUI.DE tracks MSCI Europe High Div Yld NR EUR, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FEUI.DE and 0.25% for CEMT.DE.
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