MVEE.DE vs. CEMS.DE
MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - MVEE.DE tracks the MSCI Europe NR EUR while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, MVEE.DE returned 6.16%/yr vs 14.47%/yr for CEMS.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
MVEE.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEE.DE achieves a 5.59% return, which is significantly lower than CEMS.DE's 13.72% return.
MVEE.DE
- 1D
- 0.56%
- 1M
- 0.01%
- YTD
- 5.59%
- 6M
- 7.14%
- 1Y
- 5.59%
- 3Y*
- 8.72%
- 5Y*
- 6.16%
- 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%
MVEE.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 5.59% | 8.72% | 8.82% | 12.50% | -15.12% | 23.93% | 14.18% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | 28.40% |
Correlation
The correlation between MVEE.DE and CEMS.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.79 |
The correlation between MVEE.DE and CEMS.DE has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.
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Return for Risk
MVEE.DE vs. CEMS.DE — Risk / Return Rank
MVEE.DE
CEMS.DE
MVEE.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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.
| MVEE.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.43 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 3.29 | -2.59 |
| Martin ratioReturn relative to average drawdown | 1.87 | 12.37 | -10.49 |
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
| MVEE.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.37 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.94 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.49 | +0.22 |
Drawdowns
MVEE.DE vs. CEMS.DE - Drawdown Comparison
The maximum MVEE.DE drawdown since its inception was -20.20%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for MVEE.DE and CEMS.DE.
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Drawdown Indicators
| MVEE.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -40.20% | +20.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -9.99% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -17.57% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -19.55% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -2.23% | -1.26% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -7.49% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.66% | +0.26% |
Volatility
MVEE.DE vs. CEMS.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) is 3.51%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that MVEE.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
| MVEE.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 4.65% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 11.17% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 13.87% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.11% | 15.23% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.45% | 17.43% | -4.98% |
MVEE.DE vs. CEMS.DE - Expense Ratio Comparison
Both MVEE.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
MVEE.DE vs. CEMS.DE - Dividend Comparison
Neither MVEE.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEE.DE and CEMS.DE have a correlation of 0.77, 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.
MVEE.DE and CEMS.DE have the same expense ratio: 0.25% per year.
MVEE.DE tracks MSCI Europe NR EUR, while CEMS.DE tracks MSCI Europe Enhanced Value.
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