IS3H.DE vs. CEMT.DE
IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds from iShares - IS3H.DE tracks the MSCI EMU Mid Cap while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, IS3H.DE returned 9.47%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.93 suggests significant overlap in exposure. IS3H.DE charges 0.49%/yr vs 0.25%/yr for CEMT.DE.
Performance
IS3H.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, IS3H.DE has outperformed CEMT.DE with an annualized return of 9.47%, while CEMT.DE has yielded a comparatively lower 6.44% annualized return.
IS3H.DE
- 1D
- 0.47%
- 1M
- 2.04%
- YTD
- 9.28%
- 6M
- 11.50%
- 1Y
- 17.53%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
IS3H.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | 8.69% | -14.80% | 15.42% | 3.89% | 29.25% | -15.98% | 19.16% |
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 IS3H.DE and CEMT.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.93 |
Over the past year, the correlation between IS3H.DE and CEMT.DE has dropped to 0.51 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
IS3H.DE vs. CEMT.DE — Risk / Return Rank
IS3H.DE
CEMT.DE
IS3H.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.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.
| IS3H.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.10 | +1.05 |
| Martin ratioReturn relative to average drawdown | 7.71 | 4.03 | +3.68 |
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
| IS3H.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.77 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.28 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.40 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.37 | +0.19 |
Drawdowns
IS3H.DE vs. CEMT.DE - Drawdown Comparison
The maximum IS3H.DE drawdown since its inception was -37.63%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for IS3H.DE and CEMT.DE.
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Drawdown Indicators
| IS3H.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.63% | -37.66% | +0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -4.26% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -14.36% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -29.23% | +2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -37.63% | -37.66% | +0.03% |
Current DrawdownCurrent decline from peak | -1.34% | -0.39% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -7.08% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.16% | +1.11% |
Volatility
IS3H.DE vs. CEMT.DE - Volatility Comparison
iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) has a higher volatility of 3.33% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that IS3H.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
| IS3H.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 0.00% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 0.00% | +9.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 6.11% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 14.61% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 16.11% | +0.04% |
IS3H.DE vs. CEMT.DE - Expense Ratio Comparison
IS3H.DE has a 0.49% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
IS3H.DE vs. CEMT.DE - Dividend Comparison
Neither IS3H.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3H.DE and CEMT.DE have a correlation of 0.51, 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 IS3H.DE.
IS3H.DE tracks MSCI EMU Mid Cap, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. Their fees differ too: 0.49% for IS3H.DE and 0.25% for CEMT.DE.
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