IS3N.DE vs. CEMR.DE
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, IS3N.DE returned 10.23%/yr vs 12.09%/yr for CEMR.DE. A 0.64 correlation means they provide meaningful diversification when combined. IS3N.DE charges 0.18%/yr vs 0.25%/yr for CEMR.DE.
Performance
IS3N.DE vs. CEMR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3N.DE achieves a 24.88% return, which is significantly higher than CEMR.DE's 9.13% return. Over the past 10 years, IS3N.DE has underperformed CEMR.DE with an annualized return of 10.23%, while CEMR.DE has yielded a comparatively higher 12.09% annualized return.
IS3N.DE
- 1D
- 3.12%
- 1M
- 1.48%
- YTD
- 24.88%
- 6M
- 27.74%
- 1Y
- 45.03%
- 3Y*
- 18.80%
- 5Y*
- 8.46%
- 10Y*
- 10.23%
CEMR.DE
- 1D
- 1.92%
- 1M
- 2.19%
- YTD
- 9.13%
- 6M
- 12.45%
- 1Y
- 21.56%
- 3Y*
- 20.31%
- 5Y*
- 11.56%
- 10Y*
- 12.09%
IS3N.DE vs. CEMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.88% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 9.13% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 10.84% | 31.55% | -10.67% | 11.55% |
Correlation
The correlation between IS3N.DE and CEMR.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.64 |
The correlation between IS3N.DE and CEMR.DE has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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Return for Risk
IS3N.DE vs. CEMR.DE — Risk / Return Rank
IS3N.DE
CEMR.DE
IS3N.DE vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS3N.DE | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.22 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 1.76 | +2.34 |
| Martin ratioReturn relative to average drawdown | 14.25 | 6.68 | +7.57 |
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Drawdowns
IS3N.DE vs. CEMR.DE - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, which is greater than CEMR.DE's maximum drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and CEMR.DE.
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Drawdown Indicators
| IS3N.DE | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -31.80% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -11.75% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -15.72% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -23.77% | +1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -31.80% | -0.71% |
Current DrawdownCurrent decline from peak | -3.21% | -0.31% | -2.90% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -6.02% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.11% | -0.08% |
Volatility
IS3N.DE vs. CEMR.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 7.31% compared to iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) at 4.79%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than CEMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3N.DE | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 4.79% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 14.87% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 17.46% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 16.43% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 16.48% | +1.60% |
IS3N.DE vs. CEMR.DE - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is lower than CEMR.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS3N.DE vs. CEMR.DE - Dividend Comparison
Neither IS3N.DE nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3N.DE and CEMR.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for CEMR.DE.
IS3N.DE is categorized as Emerging Markets Equities, while CEMR.DE is Momentum. IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while CEMR.DE tracks MSCI Europe Momentum Index. Their fees differ too: 0.18% for IS3N.DE and 0.25% for CEMR.DE.
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