FEUR.DE vs. CEMT.DE
FEUR.DE (Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - FEUR.DE tracks the MSCI Europe NR EUR while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, FEUR.DE returned 8.30%/yr vs 4.08%/yr for CEMT.DE. Their correlation of 0.86 suggests significant overlap in exposure. FEUR.DE charges 0.30%/yr vs 0.25%/yr for CEMT.DE.
Performance
FEUR.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
FEUR.DE
- 1D
- 0.83%
- 1M
- 3.37%
- YTD
- 6.02%
- 6M
- 8.42%
- 1Y
- 12.02%
- 3Y*
- 11.32%
- 5Y*
- 8.30%
- 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%
FEUR.DE vs. CEMT.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% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 14.87% |
Correlation
The correlation between FEUR.DE and CEMT.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.86 |
Over the past year, the correlation between FEUR.DE and CEMT.DE has dropped to 0.47 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
FEUR.DE vs. CEMT.DE — Risk / Return Rank
FEUR.DE
CEMT.DE
FEUR.DE vs. CEMT.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 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.
| FEUR.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.10 | +0.11 |
| Martin ratioReturn relative to average drawdown | 4.33 | 4.03 | +0.29 |
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 | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.77 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.28 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.37 | +0.36 |
Drawdowns
FEUR.DE vs. CEMT.DE - Drawdown Comparison
The maximum FEUR.DE drawdown since its inception was -20.36%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for FEUR.DE and CEMT.DE.
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Drawdown Indicators
| FEUR.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.36% | -37.66% | +17.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -4.26% | -5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.21% | -14.36% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.36% | -29.23% | +8.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -1.59% | -0.39% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -7.08% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 1.16% | +1.61% |
Volatility
FEUR.DE vs. CEMT.DE - Volatility Comparison
Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.DE) has a higher volatility of 4.22% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that FEUR.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
| FEUR.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 0.00% | +4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 0.00% | +11.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 6.11% | +7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 14.61% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 16.11% | -1.30% |
FEUR.DE vs. CEMT.DE - Expense Ratio Comparison
FEUR.DE has a 0.30% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
FEUR.DE vs. CEMT.DE - Dividend Comparison
Neither FEUR.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
FEUR.DE and CEMT.DE have a correlation of 0.47, 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 FEUR.DE.
FEUR.DE tracks MSCI Europe 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 FEUR.DE and 0.25% for CEMT.DE.
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