GLUX.DE vs. CEMG.DE
GLUX.DE (Amundi S&P Global Luxury UCITS ETF EUR) and CEMG.DE (iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)) are both Consumer Staples Equities funds - GLUX.DE tracks the S&P Global Luxury while CEMG.DE tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Both are passively managed. Over the past 10 years, GLUX.DE returned 9.44%/yr vs 3.56%/yr for CEMG.DE. A 0.73 correlation means they provide meaningful diversification when combined. GLUX.DE charges 0.25%/yr vs 0.60%/yr for CEMG.DE.
Performance
GLUX.DE vs. CEMG.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with GLUX.DE at -7.03% and CEMG.DE at -7.03%. Over the past 10 years, GLUX.DE has outperformed CEMG.DE with an annualized return of 9.44%, while CEMG.DE has yielded a comparatively lower 3.56% annualized return.
GLUX.DE
- 1D
- -0.12%
- 1M
- 4.80%
- YTD
- -7.03%
- 6M
- -6.01%
- 1Y
- 2.52%
- 3Y*
- -0.97%
- 5Y*
- 0.25%
- 10Y*
- 9.44%
CEMG.DE
- 1D
- -0.23%
- 1M
- -0.30%
- YTD
- -7.03%
- 6M
- -7.84%
- 1Y
- -8.22%
- 3Y*
- 3.00%
- 5Y*
- -2.27%
- 10Y*
- 3.56%
GLUX.DE vs. CEMG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLUX.DE Amundi S&P Global Luxury UCITS ETF EUR | -7.03% | 2.34% | 4.43% | 11.98% | -19.34% | 32.41% | 23.80% | 33.53% | -9.13% | 22.10% |
CEMG.DE iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) | -7.03% | 0.86% | 16.93% | 1.69% | -16.08% | -1.07% | 11.30% | 25.51% | -16.68% | 23.33% |
Correlation
The correlation between GLUX.DE and CEMG.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2014 | 0.73 |
The correlation between GLUX.DE and CEMG.DE has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.
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Return for Risk
GLUX.DE vs. CEMG.DE — Risk / Return Rank
GLUX.DE
CEMG.DE
GLUX.DE vs. CEMG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Luxury UCITS ETF EUR (GLUX.DE) and iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.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.
| GLUX.DE | CEMG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.91 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | -0.58 | +0.74 |
| Martin ratioReturn relative to average drawdown | 0.39 | -1.23 | +1.62 |
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
| GLUX.DE | CEMG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | -0.64 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | -0.12 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.19 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.22 | +0.22 |
Drawdowns
GLUX.DE vs. CEMG.DE - Drawdown Comparison
The maximum GLUX.DE drawdown since its inception was -43.20%, which is greater than CEMG.DE's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for GLUX.DE and CEMG.DE.
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Drawdown Indicators
| GLUX.DE | CEMG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.20% | -33.94% | -9.26% |
Max Drawdown (1Y)Largest decline over 1 year | -16.00% | -14.05% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -27.94% | -20.18% | -7.76% |
Max Drawdown (5Y)Largest decline over 5 years | -30.52% | -31.08% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -43.20% | -33.94% | -9.26% |
Current DrawdownCurrent decline from peak | -14.70% | -18.75% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -12.26% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.51% | 6.68% | -0.17% |
Volatility
GLUX.DE vs. CEMG.DE - Volatility Comparison
Amundi S&P Global Luxury UCITS ETF EUR (GLUX.DE) has a higher volatility of 5.55% compared to iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.DE) at 4.37%. This indicates that GLUX.DE's price experiences larger fluctuations and is considered to be riskier than CEMG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLUX.DE | CEMG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 4.37% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.60% | 10.24% | +5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | 12.88% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.08% | 18.54% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 18.33% | +2.61% |
GLUX.DE vs. CEMG.DE - Expense Ratio Comparison
GLUX.DE has a 0.25% expense ratio, which is lower than CEMG.DE's 0.60% expense ratio.
Dividends
GLUX.DE vs. CEMG.DE - Dividend Comparison
Neither GLUX.DE nor CEMG.DE has paid dividends to shareholders.
Frequently Asked Questions
GLUX.DE and CEMG.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLUX.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLUX.DE is cheaper with a 0.25% expense ratio, compared with 0.60% for CEMG.DE.
GLUX.DE tracks S&P Global Luxury, while CEMG.DE tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for GLUX.DE and 0.60% for CEMG.DE.
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