GC40.DE vs. CEMS.DE
GC40.DE (Amundi CAC 40 ESG UCITS ETF - EUR) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - GC40.DE tracks the CAC 40® ESG while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, GC40.DE returned 9.36%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
GC40.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GC40.DE achieves a 0.95% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, GC40.DE has underperformed CEMS.DE with an annualized return of 9.36%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
GC40.DE
- 1D
- 1.36%
- 1M
- 0.78%
- YTD
- 0.95%
- 6M
- 1.36%
- 1Y
- 5.35%
- 3Y*
- 7.56%
- 5Y*
- 7.78%
- 10Y*
- 9.36%
CEMS.DE
- 1D
- 0.10%
- 1M
- 2.64%
- YTD
- 13.72%
- 6M
- 16.98%
- 1Y
- 32.08%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
GC40.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GC40.DE Amundi CAC 40 ESG UCITS ETF - EUR | 0.95% | 15.22% | 2.62% | 20.63% | -8.91% | 30.85% | -4.80% | 32.50% | -9.74% | 13.31% |
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 GC40.DE and CEMS.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.89 |
The correlation between GC40.DE and CEMS.DE has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
GC40.DE vs. CEMS.DE — Risk / Return Rank
GC40.DE
CEMS.DE
GC40.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi CAC 40 ESG UCITS ETF - EUR (GC40.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.
| GC40.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.43 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 3.29 | -2.88 |
| Martin ratioReturn relative to average drawdown | 1.24 | 12.37 | -11.13 |
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
| GC40.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 2.37 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.94 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.61 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.49 | -0.05 |
Drawdowns
GC40.DE vs. CEMS.DE - Drawdown Comparison
The maximum GC40.DE drawdown since its inception was -38.73%, roughly equal to the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for GC40.DE and CEMS.DE.
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Drawdown Indicators
| GC40.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -40.20% | +1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -9.99% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | -17.57% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -19.55% | -2.62% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | -40.20% | +1.47% |
Current DrawdownCurrent decline from peak | -2.92% | -1.26% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -7.49% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 2.66% | +1.56% |
Volatility
GC40.DE vs. CEMS.DE - Volatility Comparison
Amundi CAC 40 ESG UCITS ETF - EUR (GC40.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) have volatilities of 4.84% 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
| GC40.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 4.65% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 11.17% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 13.87% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 15.23% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 17.43% | +0.53% |
GC40.DE vs. CEMS.DE - Expense Ratio Comparison
Both GC40.DE and CEMS.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GC40.DE vs. CEMS.DE - Dividend Comparison
Neither GC40.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
GC40.DE and CEMS.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GC40.DE and CEMS.DE have the same expense ratio: 0.25% per year.
GC40.DE tracks CAC 40® ESG, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Amundi and iShares.
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