IS3G.DE vs. CEMS.DE
IS3G.DE (iShares MSCI EMU Large Cap UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - IS3G.DE tracks the MSCI EMU Large Cap while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, IS3G.DE returned 9.99%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.92 suggests significant overlap in exposure. IS3G.DE charges 0.49%/yr vs 0.25%/yr for CEMS.DE.
Performance
IS3G.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3G.DE achieves a 8.74% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, IS3G.DE has underperformed CEMS.DE with an annualized return of 9.99%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
IS3G.DE
- 1D
- 0.53%
- 1M
- 2.36%
- YTD
- 8.74%
- 6M
- 10.30%
- 1Y
- 17.41%
- 3Y*
- 15.08%
- 5Y*
- 10.43%
- 10Y*
- 9.99%
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%
IS3G.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3G.DE iShares MSCI EMU Large Cap UCITS ETF | 8.74% | 22.66% | 8.54% | 20.59% | -11.41% | 23.35% | -2.21% | 29.80% | -12.63% | 11.55% |
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 IS3G.DE and CEMS.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.92 |
The correlation between IS3G.DE and CEMS.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
IS3G.DE vs. CEMS.DE — Risk / Return Rank
IS3G.DE
CEMS.DE
IS3G.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Large Cap UCITS ETF (IS3G.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.
| IS3G.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.29 | -1.62 |
| Martin ratioReturn relative to average drawdown | 5.99 | 12.37 | -6.37 |
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
| IS3G.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.37 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.94 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.61 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.49 | +0.02 |
Drawdowns
IS3G.DE vs. CEMS.DE - Drawdown Comparison
The maximum IS3G.DE drawdown since its inception was -38.66%, roughly equal to the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for IS3G.DE and CEMS.DE.
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Drawdown Indicators
| IS3G.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -40.20% | +1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -9.99% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -17.57% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -24.14% | -19.55% | -4.59% |
Max Drawdown (10Y)Largest decline over 10 years | -38.66% | -40.20% | +1.54% |
Current DrawdownCurrent decline from peak | -0.30% | -1.26% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -7.49% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.66% | +0.28% |
Volatility
IS3G.DE vs. CEMS.DE - Volatility Comparison
iShares MSCI EMU Large Cap UCITS ETF (IS3G.DE) has a higher volatility of 4.90% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 4.65%. This indicates that IS3G.DE's price experiences larger fluctuations and is considered to be riskier than CEMS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3G.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.65% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 11.17% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 13.87% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 15.23% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 17.43% | -0.02% |
IS3G.DE vs. CEMS.DE - Expense Ratio Comparison
IS3G.DE has a 0.49% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
IS3G.DE vs. CEMS.DE - Dividend Comparison
Neither IS3G.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, IS3G.DE and CEMS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.49% for IS3G.DE.
IS3G.DE tracks MSCI EMU Large Cap, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.49% for IS3G.DE and 0.25% for CEMS.DE.
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