IEVL.L vs. CEMQ.DE
IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) and CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) are both Europe Equities funds from iShares - IEVL.L tracks the MSCI Europe Enhanced Value Index while CEMQ.DE tracks the MSCI Europe Sector Neutral Quality. Both are passively managed. Over the past 10 years, IEVL.L returned 10.70%/yr vs 7.82%/yr for CEMQ.DE. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IEVL.L vs. CEMQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IEVL.L achieves a 13.95% return, which is significantly higher than CEMQ.DE's 4.17% return. Over the past 10 years, IEVL.L has outperformed CEMQ.DE with an annualized return of 10.70%, while CEMQ.DE has yielded a comparatively lower 7.82% annualized return.
IEVL.L
- 1D
- 0.04%
- 1M
- 4.59%
- YTD
- 13.95%
- 6M
- 17.06%
- 1Y
- 32.80%
- 3Y*
- 21.63%
- 5Y*
- 14.48%
- 10Y*
- 10.70%
CEMQ.DE
- 1D
- 0.82%
- 1M
- 1.24%
- YTD
- 4.17%
- 6M
- 5.97%
- 1Y
- 6.77%
- 3Y*
- 7.83%
- 5Y*
- 5.86%
- 10Y*
- 7.82%
IEVL.L vs. CEMQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 13.95% | 35.00% | 10.59% | 13.55% | -3.79% | 26.68% | -8.75% | 21.75% | -13.48% | 10.41% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 4.17% | 10.17% | 3.72% | 14.50% | -11.87% | 26.64% | 1.09% | 32.48% | -7.31% | 10.34% |
Correlation
The correlation between IEVL.L and CEMQ.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.80 |
The correlation between IEVL.L and CEMQ.DE has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
IEVL.L vs. CEMQ.DE — Risk / Return Rank
IEVL.L
CEMQ.DE
IEVL.L vs. CEMQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) and iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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.
| IEVL.L | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.11 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 0.80 | +2.54 |
| Martin ratioReturn relative to average drawdown | 12.45 | 2.14 | +10.32 |
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
| IEVL.L | CEMQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 0.57 | +1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.41 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.52 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.48 | +0.01 |
Drawdowns
IEVL.L vs. CEMQ.DE - Drawdown Comparison
The maximum IEVL.L drawdown since its inception was -40.09%, which is greater than CEMQ.DE's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for IEVL.L and CEMQ.DE.
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Drawdown Indicators
| IEVL.L | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.09% | -33.74% | -6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -8.40% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -14.90% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -19.69% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | -33.74% | -6.35% |
Current DrawdownCurrent decline from peak | -0.78% | -2.60% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -5.35% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.17% | -0.54% |
Volatility
IEVL.L vs. CEMQ.DE - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a higher volatility of 4.86% compared to iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) at 3.97%. This indicates that IEVL.L's price experiences larger fluctuations and is considered to be riskier than CEMQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEVL.L | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 3.97% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 9.53% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 11.93% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.36% | 14.02% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 15.02% | +2.64% |
IEVL.L vs. CEMQ.DE - Expense Ratio Comparison
Both IEVL.L and CEMQ.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
IEVL.L vs. CEMQ.DE - Dividend Comparison
Neither IEVL.L nor CEMQ.DE has paid dividends to shareholders.
Frequently Asked Questions
IEVL.L and CEMQ.DE have a correlation of 0.73, 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.
IEVL.L and CEMQ.DE have the same expense ratio: 0.25% per year.
IEVL.L tracks MSCI Europe Enhanced Value Index, while CEMQ.DE tracks MSCI Europe Sector Neutral Quality.
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