IS3U.DE vs. CEMT.DE
IS3U.DE (iShares MSCI France UCITS ETF EUR (Acc)) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds from iShares - IS3U.DE tracks the MSCI France Index while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, IS3U.DE returned 9.25%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IS3U.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, IS3U.DE has outperformed CEMT.DE with an annualized return of 9.25%, while CEMT.DE has yielded a comparatively lower 6.44% annualized return.
IS3U.DE
- 1D
- 1.13%
- 1M
- 0.06%
- YTD
- 3.55%
- 6M
- 4.27%
- 1Y
- 8.44%
- 3Y*
- 7.55%
- 5Y*
- 7.56%
- 10Y*
- 9.25%
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%
IS3U.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3U.DE iShares MSCI France UCITS ETF EUR (Acc) | 3.55% | 14.48% | 0.41% | 17.60% | -6.82% | 28.35% | -4.13% | 31.67% | -9.06% | 14.42% |
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 IS3U.DE and CEMT.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.85 |
Over the past year, the correlation between IS3U.DE and CEMT.DE has dropped to 0.44 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
IS3U.DE vs. CEMT.DE — Risk / Return Rank
IS3U.DE
CEMT.DE
IS3U.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France UCITS ETF EUR (Acc) (IS3U.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.
| IS3U.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.10 | -0.34 |
| Martin ratioReturn relative to average drawdown | 2.37 | 4.03 | -1.66 |
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
| IS3U.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.77 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.28 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.40 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.37 | +0.11 |
Drawdowns
IS3U.DE vs. CEMT.DE - Drawdown Comparison
The maximum IS3U.DE drawdown since its inception was -38.98%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for IS3U.DE and CEMT.DE.
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Drawdown Indicators
| IS3U.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -37.66% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -4.26% | -6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -14.36% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -20.82% | -29.23% | +8.41% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | -37.66% | -1.32% |
Current DrawdownCurrent decline from peak | -2.54% | -0.39% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -7.08% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 1.16% | +2.30% |
Volatility
IS3U.DE vs. CEMT.DE - Volatility Comparison
iShares MSCI France UCITS ETF EUR (Acc) (IS3U.DE) has a higher volatility of 4.25% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that IS3U.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
| IS3U.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 0.00% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 0.00% | +11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 6.11% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 14.61% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 16.11% | +1.31% |
IS3U.DE vs. CEMT.DE - Expense Ratio Comparison
Both IS3U.DE and CEMT.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
IS3U.DE vs. CEMT.DE - Dividend Comparison
Neither IS3U.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3U.DE and CEMT.DE have a correlation of 0.44, 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.
IS3U.DE and CEMT.DE have the same expense ratio: 0.25% per year.
IS3U.DE tracks MSCI France Index, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted.
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