NESG.L vs. CEMS.DE
NESG.L (Invesco NASDAQ-100 ESG UCITS ETF Acc) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both exchange-traded funds - NESG.L is a Nasdaq-100 fund tracking the NASDAQ-100 ESG Index®, while CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value. Both are passively managed. Over the past 3 years, NESG.L returned 28.99%/yr vs 24.95%/yr for CEMS.DE. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
NESG.L vs. CEMS.DE - Performance Comparison
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Different Trading Currencies
NESG.L is traded in USD, while CEMS.DE is traded in EUR. To make them comparable, the CEMS.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NESG.L achieves a 20.35% return, which is significantly higher than CEMS.DE's 12.41% return.
NESG.L
- 1D
- -0.58%
- 1M
- 9.66%
- YTD
- 20.35%
- 6M
- 20.11%
- 1Y
- 42.69%
- 3Y*
- 28.99%
- 5Y*
- —
- 10Y*
- —
CEMS.DE
- 1D
- 0.23%
- 1M
- 3.86%
- YTD
- 12.41%
- 6M
- 16.54%
- 1Y
- 35.30%
- 3Y*
- 24.95%
- 5Y*
- 13.41%
- 10Y*
- 10.96%
NESG.L vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NESG.L Invesco NASDAQ-100 ESG UCITS ETF Acc | 20.35% | 21.09% | 26.52% | 56.71% | -32.09% | 1.40% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 12.41% | 53.50% | 3.64% | 17.49% | -9.79% | 0.61% |
Correlation
The correlation between NESG.L and CEMS.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.46 |
The correlation between NESG.L and CEMS.DE has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
NESG.L vs. CEMS.DE — Risk / Return Rank
NESG.L
CEMS.DE
NESG.L vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) 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.
| NESG.L | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 2.98 | +0.56 |
| Martin ratioReturn relative to average drawdown | 12.44 | 10.71 | +1.73 |
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
| NESG.L | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.23 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.45 | +0.33 |
Drawdowns
NESG.L vs. CEMS.DE - Drawdown Comparison
The maximum NESG.L drawdown since its inception was -34.69%, smaller than the maximum CEMS.DE drawdown of -46.39%. Use the drawdown chart below to compare losses from any high point for NESG.L and CEMS.DE.
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Drawdown Indicators
| NESG.L | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.69% | -46.39% | +11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -11.81% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.88% | -17.50% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.39% | — |
Current DrawdownCurrent decline from peak | -0.79% | -1.51% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -9.93% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.29% | +0.13% |
Volatility
NESG.L vs. CEMS.DE - Volatility Comparison
Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) have volatilities of 5.30% and 5.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NESG.L | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 5.21% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 12.74% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.47% | 15.77% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.54% | 18.40% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.54% | 19.56% | +2.98% |
NESG.L vs. CEMS.DE - Expense Ratio Comparison
Both NESG.L 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
NESG.L vs. CEMS.DE - Dividend Comparison
Neither NESG.L nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
NESG.L and CEMS.DE have a correlation of 0.51, 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.
NESG.L and CEMS.DE have the same expense ratio: 0.25% per year.
NESG.L is categorized as Nasdaq-100, while CEMS.DE is Europe Equities. NESG.L tracks NASDAQ-100 ESG Index®, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Invesco and iShares.
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