FEUR.DE vs. CEMS.DE
FEUR.DE (Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - FEUR.DE tracks the MSCI Europe NR EUR while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, FEUR.DE returned 8.30%/yr vs 14.47%/yr for CEMS.DE. Their correlation of 0.88 suggests significant overlap in exposure. FEUR.DE charges 0.30%/yr vs 0.25%/yr for CEMS.DE.
Performance
FEUR.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FEUR.DE achieves a 6.02% return, which is significantly lower than CEMS.DE's 13.72% return.
FEUR.DE
- 1D
- 0.83%
- 1M
- 3.37%
- YTD
- 6.02%
- 6M
- 8.42%
- 1Y
- 12.02%
- 3Y*
- 11.32%
- 5Y*
- 8.30%
- 10Y*
- —
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%
FEUR.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FEUR.DE Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc | 6.02% | 17.35% | 7.16% | 13.97% | -10.43% | 25.84% | 9.40% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | 10.43% |
Correlation
The correlation between FEUR.DE and CEMS.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.88 |
The correlation between FEUR.DE and CEMS.DE has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
FEUR.DE vs. CEMS.DE — Risk / Return Rank
FEUR.DE
CEMS.DE
FEUR.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.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.
| FEUR.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.43 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.29 | -2.08 |
| Martin ratioReturn relative to average drawdown | 4.33 | 12.37 | -8.04 |
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
| FEUR.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.37 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.94 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.49 | +0.25 |
Drawdowns
FEUR.DE vs. CEMS.DE - Drawdown Comparison
The maximum FEUR.DE drawdown since its inception was -20.36%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for FEUR.DE and CEMS.DE.
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Drawdown Indicators
| FEUR.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.36% | -40.20% | +19.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -9.99% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.21% | -17.57% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -20.36% | -19.55% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -1.59% | -1.26% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -7.49% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.66% | +0.11% |
Volatility
FEUR.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.DE) is 4.22%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that FEUR.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
| FEUR.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 4.65% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 11.17% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 13.87% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 15.23% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 17.43% | -2.62% |
FEUR.DE vs. CEMS.DE - Expense Ratio Comparison
FEUR.DE has a 0.30% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
FEUR.DE vs. CEMS.DE - Dividend Comparison
Neither FEUR.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
FEUR.DE and CEMS.DE have a correlation of 0.88, 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 0.30% for FEUR.DE.
FEUR.DE tracks MSCI Europe NR EUR, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FEUR.DE and 0.25% for CEMS.DE.
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