IBCZ.DE vs. CEMR.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - IBCZ.DE is a Global Equities fund tracking the MSCI World Diversified Multiple-Factor, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, IBCZ.DE returned 11.45%/yr vs 11.36%/yr for CEMR.DE. A 0.75 correlation means they provide meaningful diversification when combined. IBCZ.DE charges 0.50%/yr vs 0.25%/yr for CEMR.DE.
Performance
IBCZ.DE vs. CEMR.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCZ.DE achieves a 13.04% return, which is significantly higher than CEMR.DE's 7.91% return. Both investments have delivered pretty close results over the past 10 years, with IBCZ.DE having a 11.45% annualized return and CEMR.DE not far behind at 11.36%.
IBCZ.DE
- 1D
- -0.16%
- 1M
- 5.84%
- YTD
- 13.04%
- 6M
- 13.70%
- 1Y
- 27.80%
- 3Y*
- 18.64%
- 5Y*
- 12.00%
- 10Y*
- 11.45%
CEMR.DE
- 1D
- -0.11%
- 1M
- 2.92%
- YTD
- 7.91%
- 6M
- 11.43%
- 1Y
- 17.51%
- 3Y*
- 20.23%
- 5Y*
- 11.35%
- 10Y*
- 11.36%
IBCZ.DE vs. CEMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 11.45% | -10.83% | 31.27% | 0.44% | 24.79% | -8.31% | 11.03% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.91% | 27.17% | 20.01% | 12.79% | -15.33% | 22.25% | 10.74% | 31.66% | -10.73% | 11.48% |
Correlation
The correlation between IBCZ.DE and CEMR.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2015 | 0.75 |
The correlation between IBCZ.DE and CEMR.DE shifts across timeframes, from 0.64 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBCZ.DE vs. CEMR.DE — Risk / Return Rank
IBCZ.DE
CEMR.DE
IBCZ.DE vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.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.
| IBCZ.DE | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.19 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 1.49 | +3.75 |
| Martin ratioReturn relative to average drawdown | 20.97 | 5.53 | +15.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBCZ.DE | CEMR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 1.01 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.69 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.68 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.61 | +0.08 |
Drawdowns
IBCZ.DE vs. CEMR.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than CEMR.DE's maximum drawdown of -31.78%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and CEMR.DE.
Loading charts...
Drawdown Indicators
| IBCZ.DE | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -31.78% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -11.73% | +6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -15.75% | -4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -23.73% | +3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -31.78% | -2.21% |
Current DrawdownCurrent decline from peak | -0.60% | -1.48% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -6.03% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 3.16% | -1.84% |
Volatility
IBCZ.DE vs. CEMR.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) is 3.05%, while iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) has a volatility of 4.42%. This indicates that IBCZ.DE experiences smaller price fluctuations and is considered to be less risky than CEMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBCZ.DE | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 4.42% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 14.63% | -6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 17.29% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 16.37% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 16.48% | -1.35% |
IBCZ.DE vs. CEMR.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than CEMR.DE's 0.25% expense ratio.
Dividends
IBCZ.DE vs. CEMR.DE - Dividend Comparison
Neither IBCZ.DE nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCZ.DE and CEMR.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMR.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMR.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IBCZ.DE.
IBCZ.DE is categorized as Global Equities, while CEMR.DE is Momentum. IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while CEMR.DE tracks MSCI Europe Momentum Index. Their fees differ too: 0.50% for IBCZ.DE and 0.25% for CEMR.DE.
Find the right allocation for IBCZ.DE and CEMR.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer