IUS5.DE vs. CEMS.DE
IUS5.DE (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both exchange-traded funds - IUS5.DE is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond, while CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, IUS5.DE returned 0.80%/yr vs 10.71%/yr for CEMS.DE. At a 0.04 correlation, their price movements are largely independent. IUS5.DE charges 0.20%/yr vs 0.25%/yr for CEMS.DE.
Performance
IUS5.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUS5.DE achieves a 2.13% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, IUS5.DE has underperformed CEMS.DE with an annualized return of 0.80%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
IUS5.DE
- 1D
- -0.13%
- 1M
- 0.48%
- YTD
- 2.13%
- 6M
- 1.40%
- 1Y
- 2.24%
- 3Y*
- 0.57%
- 5Y*
- -1.37%
- 10Y*
- 0.80%
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%
IUS5.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUS5.DE iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 2.13% | -3.37% | 2.59% | 1.53% | -17.29% | 12.12% | 2.24% | 10.07% | 0.53% | -4.84% |
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 IUS5.DE and CEMS.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.04 |
The correlation between IUS5.DE and CEMS.DE shifts across timeframes, from -0.01 (10 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUS5.DE vs. CEMS.DE — Risk / Return Rank
IUS5.DE
CEMS.DE
IUS5.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (IUS5.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.
| IUS5.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.43 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.29 | -2.42 |
| Martin ratioReturn relative to average drawdown | 1.67 | 12.37 | -10.69 |
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
| IUS5.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 2.37 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 0.94 | -1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.61 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.49 | -0.06 |
Drawdowns
IUS5.DE vs. CEMS.DE - Drawdown Comparison
The maximum IUS5.DE drawdown since its inception was -22.31%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for IUS5.DE and CEMS.DE.
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Drawdown Indicators
| IUS5.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.31% | -40.20% | +17.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -9.99% | +7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -8.42% | -17.57% | +9.15% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | -19.55% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -22.31% | -40.20% | +17.89% |
Current DrawdownCurrent decline from peak | -17.45% | -1.26% | -16.19% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -7.49% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 2.66% | -1.45% |
Volatility
IUS5.DE vs. CEMS.DE - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (IUS5.DE) is 1.90%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that IUS5.DE experiences smaller price fluctuations and is considered to be less risky 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
| IUS5.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 4.65% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 11.17% | -7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.02% | 13.87% | -8.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 15.23% | -6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 17.43% | -9.49% |
IUS5.DE vs. CEMS.DE - Expense Ratio Comparison
IUS5.DE has a 0.20% expense ratio, which is lower than CEMS.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
IUS5.DE vs. CEMS.DE - Dividend Comparison
Neither IUS5.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
IUS5.DE and CEMS.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUS5.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUS5.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CEMS.DE.
IUS5.DE is categorized as Inflation-Protected Bonds, while CEMS.DE is Europe Equities. IUS5.DE tracks Bloomberg World Government Inflation-Linked Bond, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.20% for IUS5.DE and 0.25% for CEMS.DE.
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