LDAX.DE vs. CEMT.DE
LDAX.DE (Amundi Dax III UCITS ETF Dist) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - LDAX.DE tracks the DAX® while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, LDAX.DE returned 9.29%/yr vs 6.31%/yr for CEMT.DE. Their correlation of 0.82 suggests significant overlap in exposure. LDAX.DE charges 0.15%/yr vs 0.25%/yr for CEMT.DE.
Performance
LDAX.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LDAX.DE achieves a 1.18% return, which is significantly lower than CEMT.DE's 12.49% return.
LDAX.DE
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- -1.89%
- YTD
- 1.18%
- 1Y
- 1.71%
- 3Y*
- 15.01%
- 5Y*
- 9.29%
- 10Y*
- —
CEMT.DE
- 1D
- 0.44%
- 1M
- 2.16%
- 6M
- 12.49%
- YTD
- 12.49%
- 1Y
- 17.25%
- 3Y*
- 13.51%
- 5Y*
- 6.31%
- 10Y*
- 7.89%
LDAX.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.18% | 22.70% | 18.08% | 19.61% | -12.89% | 15.29% | 8.40% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 12.49% | 17.46% | 5.14% | 14.11% | -18.17% | 19.54% | 16.75% |
Correlation
The correlation between LDAX.DE and CEMT.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.82 |
Over the past year, the correlation between LDAX.DE and CEMT.DE has dropped to 0.49 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
LDAX.DE vs. CEMT.DE — Risk / Return Rank
LDAX.DE
CEMT.DE
LDAX.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Dax III UCITS ETF Dist (LDAX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LDAX.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.27 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.96 | -1.82 |
| Martin ratioReturn relative to average drawdown | 0.44 | 7.46 | -7.02 |
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Drawdowns
LDAX.DE vs. CEMT.DE - Drawdown Comparison
The maximum LDAX.DE drawdown since its inception was -26.68%, smaller than the maximum CEMT.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for LDAX.DE and CEMT.DE.
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Drawdown Indicators
| LDAX.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -37.62% | +10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -8.75% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -14.36% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -29.23% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.62% | — |
Current DrawdownCurrent decline from peak | -3.53% | -0.70% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -7.05% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.31% | +1.62% |
Volatility
LDAX.DE vs. CEMT.DE - Volatility Comparison
Amundi Dax III UCITS ETF Dist (LDAX.DE) has a higher volatility of 4.62% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 3.52%. This indicates that LDAX.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
| LDAX.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.52% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 14.90% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 15.76% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 15.98% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 16.26% | +1.10% |
LDAX.DE vs. CEMT.DE - Expense Ratio Comparison
LDAX.DE has a 0.15% expense ratio, which is lower than CEMT.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
LDAX.DE vs. CEMT.DE - Dividend Comparison
LDAX.DE's dividend yield for the trailing twelve months is around 1.93%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.93% | 1.95% | 2.31% | 2.73% | 3.32% | 2.73% | 0.39% |
Frequently Asked Questions
LDAX.DE and CEMT.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDAX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDAX.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CEMT.DE.
LDAX.DE tracks DAX®, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for LDAX.DE and 0.25% for CEMT.DE.
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