LCEU.DE vs. CEMS.DE
LCEU.DE (BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - LCEU.DE tracks the Low Carbon 100 Europe PAB while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 3 years, LCEU.DE returned 7.74%/yr vs 21.63%/yr for CEMS.DE. Their correlation of 0.84 suggests significant overlap in exposure. LCEU.DE charges 0.30%/yr vs 0.25%/yr for CEMS.DE.
Performance
LCEU.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LCEU.DE achieves a 4.87% return, which is significantly lower than CEMS.DE's 13.72% return.
LCEU.DE
- 1D
- 0.90%
- 1M
- 3.09%
- YTD
- 4.87%
- 6M
- 7.28%
- 1Y
- 9.14%
- 3Y*
- 7.74%
- 5Y*
- —
- 10Y*
- —
CEMS.DE
- 1D
- 0.10%
- 1M
- 4.58%
- YTD
- 13.72%
- 6M
- 16.86%
- 1Y
- 33.02%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
LCEU.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LCEU.DE BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF | 4.87% | 9.84% | 5.83% | 14.59% | 2.39% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | 5.56% |
Correlation
The correlation between LCEU.DE and CEMS.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022 | 0.84 |
The correlation between LCEU.DE and CEMS.DE has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
LCEU.DE vs. CEMS.DE — Risk / Return Rank
LCEU.DE
CEMS.DE
LCEU.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.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.
| LCEU.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.43 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.29 | -2.41 |
| Martin ratioReturn relative to average drawdown | 2.91 | 12.37 | -9.45 |
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
| LCEU.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 2.37 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.49 | +0.24 |
Drawdowns
LCEU.DE vs. CEMS.DE - Drawdown Comparison
The maximum LCEU.DE drawdown since its inception was -16.38%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for LCEU.DE and CEMS.DE.
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Drawdown Indicators
| LCEU.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.38% | -40.20% | +23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -9.99% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.38% | -17.57% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -1.59% | -1.26% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -7.49% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.66% | +0.47% |
Volatility
LCEU.DE vs. CEMS.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.DE) is 4.11%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that LCEU.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
| LCEU.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 4.65% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 11.17% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 13.87% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.14% | 15.23% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 17.43% | -4.29% |
LCEU.DE vs. CEMS.DE - Expense Ratio Comparison
LCEU.DE has a 0.30% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
LCEU.DE vs. CEMS.DE - Dividend Comparison
Neither LCEU.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
LCEU.DE and CEMS.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for LCEU.DE.
LCEU.DE tracks Low Carbon 100 Europe PAB, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.30% for LCEU.DE and 0.25% for CEMS.DE.
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