IS3G.DE vs. CEMT.DE
IS3G.DE (iShares MSCI EMU Large Cap UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds from iShares - IS3G.DE tracks the MSCI EMU Large Cap while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, IS3G.DE returned 9.99%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.88 suggests significant overlap in exposure. IS3G.DE charges 0.49%/yr vs 0.25%/yr for CEMT.DE.
Performance
IS3G.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, IS3G.DE has outperformed CEMT.DE with an annualized return of 9.99%, while CEMT.DE has yielded a comparatively lower 6.44% 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%
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%
IS3G.DE vs. CEMT.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% |
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 IS3G.DE and CEMT.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.88 |
Over the past year, the correlation between IS3G.DE and CEMT.DE has dropped to 0.45 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
IS3G.DE vs. CEMT.DE — Risk / Return Rank
IS3G.DE
CEMT.DE
IS3G.DE vs. CEMT.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 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.
| IS3G.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.10 | +0.57 |
| Martin ratioReturn relative to average drawdown | 5.99 | 4.03 | +1.96 |
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 | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.77 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.28 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.40 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.37 | +0.13 |
Drawdowns
IS3G.DE vs. CEMT.DE - Drawdown Comparison
The maximum IS3G.DE drawdown since its inception was -38.66%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for IS3G.DE and CEMT.DE.
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Drawdown Indicators
| IS3G.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -37.66% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -4.26% | -6.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -14.36% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.14% | -29.23% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | -38.66% | -37.66% | -1.00% |
Current DrawdownCurrent decline from peak | -0.30% | -0.39% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -7.08% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.16% | +1.78% |
Volatility
IS3G.DE vs. CEMT.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 Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that IS3G.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
| IS3G.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 0.00% | +4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 0.00% | +12.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 6.11% | +9.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 14.61% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 16.11% | +1.30% |
IS3G.DE vs. CEMT.DE - Expense Ratio Comparison
IS3G.DE has a 0.49% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
IS3G.DE vs. CEMT.DE - Dividend Comparison
Neither IS3G.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3G.DE and CEMT.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.DE is cheaper with a 0.25% expense ratio, compared with 0.49% for IS3G.DE.
IS3G.DE tracks MSCI EMU Large Cap, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. Their fees differ too: 0.49% for IS3G.DE and 0.25% for CEMT.DE.
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