LGGE.DE vs. CEMS.DE
LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - LGGE.DE tracks the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 3 years, LGGE.DE returned 24.04%/yr vs 21.63%/yr for CEMS.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
LGGE.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LGGE.DE achieves a 11.27% return, which is significantly lower than CEMS.DE's 13.72% return.
LGGE.DE
- 1D
- 0.15%
- 1M
- -0.22%
- YTD
- 11.27%
- 6M
- 15.32%
- 1Y
- 26.49%
- 3Y*
- 24.04%
- 5Y*
- —
- 10Y*
- —
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%
LGGE.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 11.27% | 38.29% | 14.07% | 17.18% | -3.86% | 7.23% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 8.33% |
Correlation
The correlation between LGGE.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 | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.91 |
The correlation between LGGE.DE and CEMS.DE has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
LGGE.DE vs. CEMS.DE — Risk / Return Rank
LGGE.DE
CEMS.DE
LGGE.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.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.
| LGGE.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.43 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 3.29 | +0.31 |
| Martin ratioReturn relative to average drawdown | 13.07 | 12.37 | +0.70 |
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
| LGGE.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.37 | -0.18 |
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 | 1.13 | 0.49 | +0.64 |
Drawdowns
LGGE.DE vs. CEMS.DE - Drawdown Comparison
The maximum LGGE.DE drawdown since its inception was -20.11%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for LGGE.DE and CEMS.DE.
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Drawdown Indicators
| LGGE.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.11% | -40.20% | +20.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -9.99% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -17.57% | +2.86% |
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 | -2.09% | -1.26% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -7.49% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.66% | -0.65% |
Volatility
LGGE.DE vs. CEMS.DE - Volatility Comparison
The current volatility for L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) is 3.60%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that LGGE.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
| LGGE.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.65% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 11.17% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 13.87% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 15.23% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 17.43% | -2.83% |
LGGE.DE vs. CEMS.DE - Expense Ratio Comparison
Both LGGE.DE and CEMS.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LGGE.DE vs. CEMS.DE - Dividend Comparison
LGGE.DE's dividend yield for the trailing twelve months is around 3.13%, while CEMS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.13% | 3.47% | 4.37% | 4.43% | 4.18% | 1.52% |
Frequently Asked Questions
LGGE.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LGGE.DE and CEMS.DE have the same expense ratio: 0.25% per year.
LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Legal & General and iShares.
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