LGWS.DE vs. CEMS.DE
LGWS.DE (Lyxor MSCI EMU Value UCITS ETF Dist) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - LGWS.DE tracks the MSCI EMU Value while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, LGWS.DE returned 12.16%/yr vs 14.47%/yr for CEMS.DE. With a 0.95 correlation, they move nearly in lockstep. LGWS.DE charges 0.40%/yr vs 0.25%/yr for CEMS.DE.
Performance
LGWS.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LGWS.DE achieves a 7.09% return, which is significantly lower than CEMS.DE's 13.72% return.
LGWS.DE
- 1D
- 0.43%
- 1M
- 2.56%
- YTD
- 7.09%
- 6M
- 10.63%
- 1Y
- 21.46%
- 3Y*
- 18.49%
- 5Y*
- 12.16%
- 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%
LGWS.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LGWS.DE Lyxor MSCI EMU Value UCITS ETF Dist | 7.09% | 37.06% | 9.12% | 14.07% | -5.04% | 19.93% | -7.89% | 19.62% | -14.49% | 2.66% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | -8.86% | 23.48% | -14.04% | 5.77% |
Correlation
The correlation between LGWS.DE and CEMS.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2017 | 0.95 |
The correlation between LGWS.DE and CEMS.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
LGWS.DE vs. CEMS.DE — Risk / Return Rank
LGWS.DE
CEMS.DE
LGWS.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI EMU Value UCITS ETF Dist (LGWS.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.
| LGWS.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.29 | -0.88 |
| Martin ratioReturn relative to average drawdown | 8.24 | 12.37 | -4.13 |
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
| LGWS.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.37 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.94 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.49 | -0.03 |
Drawdowns
LGWS.DE vs. CEMS.DE - Drawdown Comparison
The maximum LGWS.DE drawdown since its inception was -41.73%, roughly equal to the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for LGWS.DE and CEMS.DE.
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Drawdown Indicators
| LGWS.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -40.20% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -9.99% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -14.65% | -17.57% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -19.55% | -3.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -1.49% | -1.26% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -7.49% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.66% | -0.06% |
Volatility
LGWS.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Lyxor MSCI EMU Value UCITS ETF Dist (LGWS.DE) is 3.59%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that LGWS.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
| LGWS.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 4.65% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 11.17% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.04% | 13.87% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 15.23% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.93% | 17.43% | +0.50% |
LGWS.DE vs. CEMS.DE - Expense Ratio Comparison
LGWS.DE has a 0.40% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
LGWS.DE vs. CEMS.DE - Dividend Comparison
LGWS.DE's dividend yield for the trailing twelve months is around 3.07%, while CEMS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LGWS.DE Lyxor MSCI EMU Value UCITS ETF Dist | 3.07% | 3.29% | 4.24% | 0.00% | 4.69% | 2.83% | 2.72% | 4.37% | 4.77% | 0.38% |
Frequently Asked Questions
With a correlation of 0.93, LGWS.DE and CEMS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.40% for LGWS.DE.
LGWS.DE tracks MSCI EMU Value, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.40% for LGWS.DE and 0.25% for CEMS.DE.
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