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IUSM.DE vs. CEMF.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUSM.DE vs. CEMF.DE

Last updated Jun 5, 2026

IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and CEMF.DE (iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc) are both Government Bonds funds from iShares - IUSM.DE tracks the ICE US Treasury 7-10 Year while CEMF.DE tracks the ICE US Treasury 7-10 Year (EUR Hedged) Index. Both are passively managed. At a 0.36 correlation, their price movements are largely independent. IUSM.DE charges 0.07%/yr vs 0.10%/yr for CEMF.DE.

Performance

IUSM.DE vs. CEMF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) and iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IUSM.DE achieves a 0.22% return, which is significantly higher than CEMF.DE's -1.42% return.

IUSM.DE

1D
0.13%
1M
0.34%
YTD
0.22%
6M
-0.62%
1Y
1.33%
3Y*
-0.48%
5Y*
-0.31%
10Y*
0.29%

CEMF.DE

1D
0.28%
1M
-0.19%
YTD
-1.42%
6M
-1.51%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUSM.DE vs. CEMF.DE - Yearly Performance Comparison

2026 (YTD)2025
IUSM.DE
iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)		0.22%1.26%
CEMF.DE
iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc		-1.42%2.59%

Correlation

The correlation between IUSM.DE and CEMF.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 30, 2025

0.36

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iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)

iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc

Often compared with IUSM.DE:
IUSM.DE vs. IS04.DEIUSM.DE vs. SXRM.DEIUSM.DE vs. TRSX.LIUSM.DE vs. ILTBIUSM.DE vs. IEFIUSM.DE vs. SXR8.DEIUSM.DE vs. VUAA.L
Often compared with CEMF.DE:
CEMF.DE vs. BBTR.DECEMF.DE vs. OM3M.DECEMF.DE vs. QDVP.DECEMF.DE vs. SPP3.DECEMF.DE vs. XUTD.DECEMF.DE vs. SPP7.DECEMF.DE vs. TRDL.DE

Return for Risk

IUSM.DE vs. CEMF.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUSM.DE
IUSM.DE Risk / Return Rank: 1212
Overall Rank
IUSM.DE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
IUSM.DE Sortino Ratio Rank: 1111
Sortino Ratio Rank
IUSM.DE Omega Ratio Rank: 1111
Omega Ratio Rank
IUSM.DE Calmar Ratio Rank: 1313
Calmar Ratio Rank
IUSM.DE Martin Ratio Rank: 1313
Martin Ratio Rank
CEMF.DE
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUSM.DE vs. CEMF.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) and iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.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.

IUSM.DECEMF.DEDifference
Sharpe ratioReturn per unit of total volatility
0.23

—

—

Sortino ratioReturn per unit of downside risk
0.37

—

—

Omega ratioGain probability vs. loss probability

1.04

—

—

Calmar ratioReturn relative to maximum drawdown

0.30

—

—

Martin ratioReturn relative to average drawdown

0.74

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSM.DE vs. CEMF.DE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IUSM.DECEMF.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.23

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.03

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.03

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.29

-0.02

Drawdowns

IUSM.DE vs. CEMF.DE - Drawdown Comparison

The maximum IUSM.DE drawdown since its inception was -21.40%, which is greater than CEMF.DE's maximum drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for IUSM.DE and CEMF.DE.

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Drawdown Indicators

IUSM.DECEMF.DEDifference

Max Drawdown

Largest peak-to-trough decline

-21.40%

-4.45%

-16.95%

Max Drawdown (1Y)

Largest decline over 1 year

-4.45%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-10.86%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-15.69%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-21.40%

—

—

Current Drawdown

Current decline from peak

-17.38%

-2.97%

-14.41%

Average Drawdown

Average peak-to-trough decline

-10.30%

-1.20%

-9.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.79%

—

—

Volatility

IUSM.DE vs. CEMF.DE - Volatility Comparison

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Volatility by Period

IUSM.DECEMF.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.14%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

4.00%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

5.78%

4.62%

+1.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.96%

4.62%

+4.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.33%

4.62%

+3.71%

IUSM.DE vs. CEMF.DE - Expense Ratio Comparison

IUSM.DE has a 0.07% expense ratio, which is lower than CEMF.DE's 0.10% 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

IUSM.DE vs. CEMF.DE - Dividend Comparison

IUSM.DE's dividend yield for the trailing twelve months is around 3.72%, while CEMF.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CEMF.DE
iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IUSM.DE
iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)		3.72%3.73%3.65%2.91%1.93%0.96%1.53%2.24%2.07%1.83%1.66%1.84%

Frequently Asked Questions

IUSM.DE and CEMF.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IUSM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUSM.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for CEMF.DE.

IUSM.DE tracks ICE US Treasury 7-10 Year, while CEMF.DE tracks ICE US Treasury 7-10 Year (EUR Hedged) Index. Their fees differ too: 0.07% for IUSM.DE and 0.10% for CEMF.DE.

Portfolio Optimizer

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