LCEU.DE vs. CEMT.DE
LCEU.DE (BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - LCEU.DE tracks the Low Carbon 100 Europe PAB while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 3 years, LCEU.DE returned 7.74%/yr vs 9.41%/yr for CEMT.DE. A 0.80 correlation means they provide meaningful diversification when combined. LCEU.DE charges 0.30%/yr vs 0.25%/yr for CEMT.DE.
Performance
LCEU.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
LCEU.DE
- 1D
- 0.90%
- 1M
- 3.09%
- YTD
- 4.87%
- 6M
- 7.28%
- 1Y
- 9.14%
- 3Y*
- 7.74%
- 5Y*
- —
- 10Y*
- —
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
LCEU.DE vs. CEMT.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% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | 0.62% |
Correlation
The correlation between LCEU.DE and CEMT.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022 | 0.80 |
Over the past year, the correlation between LCEU.DE and CEMT.DE has dropped to 0.48 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
LCEU.DE vs. CEMT.DE — Risk / Return Rank
LCEU.DE
CEMT.DE
LCEU.DE vs. CEMT.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 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.
| LCEU.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.10 | -0.22 |
| Martin ratioReturn relative to average drawdown | 2.91 | 4.03 | -1.12 |
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 | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.77 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.37 | +0.35 |
Drawdowns
LCEU.DE vs. CEMT.DE - Drawdown Comparison
The maximum LCEU.DE drawdown since its inception was -16.38%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for LCEU.DE and CEMT.DE.
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Drawdown Indicators
| LCEU.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.38% | -37.66% | +21.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -4.26% | -6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.38% | -14.36% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -1.59% | -0.39% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -7.08% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.16% | +1.97% |
Volatility
LCEU.DE vs. CEMT.DE - Volatility Comparison
BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.DE) has a higher volatility of 4.11% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that LCEU.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
| LCEU.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 0.00% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 0.00% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 6.11% | +6.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.14% | 14.61% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 16.11% | -2.97% |
LCEU.DE vs. CEMT.DE - Expense Ratio Comparison
LCEU.DE has a 0.30% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
LCEU.DE vs. CEMT.DE - Dividend Comparison
Neither LCEU.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
LCEU.DE and CEMT.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.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 CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.30% for LCEU.DE and 0.25% for CEMT.DE.
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