GC40.DE vs. CEMT.DE
GC40.DE (Amundi CAC 40 ESG UCITS ETF - EUR) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - GC40.DE tracks the CAC 40® ESG while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, GC40.DE returned 9.36%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
GC40.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, GC40.DE has outperformed CEMT.DE with an annualized return of 9.36%, while CEMT.DE has yielded a comparatively lower 6.44% 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%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 3.97%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
GC40.DE vs. CEMT.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% |
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 GC40.DE and CEMT.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.86 |
Over the past year, the correlation between GC40.DE and CEMT.DE has dropped to 0.44 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
GC40.DE vs. CEMT.DE — Risk / Return Rank
GC40.DE
CEMT.DE
GC40.DE vs. CEMT.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 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.
| GC40.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.21 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.10 | -0.69 |
| Martin ratioReturn relative to average drawdown | 1.24 | 4.03 | -2.80 |
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 | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.77 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.28 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.40 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.37 | +0.06 |
Drawdowns
GC40.DE vs. CEMT.DE - Drawdown Comparison
The maximum GC40.DE drawdown since its inception was -38.73%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for GC40.DE and CEMT.DE.
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Drawdown Indicators
| GC40.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -37.66% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -4.26% | -8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | -14.36% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -29.23% | +7.06% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | -37.66% | -1.07% |
Current DrawdownCurrent decline from peak | -2.92% | -0.39% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -7.08% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 1.16% | +3.06% |
Volatility
GC40.DE vs. CEMT.DE - Volatility Comparison
Amundi CAC 40 ESG UCITS ETF - EUR (GC40.DE) has a higher volatility of 4.84% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that GC40.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
| GC40.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 0.00% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 0.00% | +12.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 6.11% | +9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 14.61% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 16.11% | +1.85% |
GC40.DE vs. CEMT.DE - Expense Ratio Comparison
Both GC40.DE and CEMT.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. CEMT.DE - Dividend Comparison
Neither GC40.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
GC40.DE and CEMT.DE have a correlation of 0.44, 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 CEMT.DE have the same expense ratio: 0.25% per year.
GC40.DE tracks CAC 40® ESG, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Amundi and iShares.
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