OM3X.DE vs. CEMS.DE
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - OM3X.DE tracks the OMX Stockholm Benchmark Cap while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, OM3X.DE returned 7.19%/yr vs 16.28%/yr for CEMS.DE. A 0.69 correlation means they provide meaningful diversification when combined. OM3X.DE charges 0.10%/yr vs 0.25%/yr for CEMS.DE.
Performance
OM3X.DE vs. CEMS.DE - Performance Comparison
Loading charts...
Different Trading Currencies
OM3X.DE is traded in SEK, while CEMS.DE is traded in EUR. To make them comparable, the CEMS.DE values have been converted to SEK using the latest available exchange rates.
Returns By Period
In the year-to-date period, OM3X.DE achieves a 9.44% return, which is significantly lower than CEMS.DE's 14.60% return.
OM3X.DE
- 1D
- 0.38%
- 1M
- -0.04%
- YTD
- 9.44%
- 6M
- 10.91%
- 1Y
- 21.25%
- 3Y*
- 12.08%
- 5Y*
- 7.19%
- 10Y*
- —
CEMS.DE
- 1D
- -0.15%
- 1M
- 2.91%
- YTD
- 14.60%
- 6M
- 16.38%
- 1Y
- 31.29%
- 3Y*
- 19.00%
- 5Y*
- 16.28%
- 10Y*
- 12.56%
OM3X.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.44% | 13.47% | 7.86% | 17.11% | -19.54% | 35.76% | 12.08% | 32.23% | -4.51% | 9.87% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 14.60% | 27.97% | 13.29% | 13.80% | 3.92% | 28.64% | -12.33% | 26.05% | -10.33% | 13.26% |
Correlation
The correlation between OM3X.DE and CEMS.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016 | 0.69 |
The correlation between OM3X.DE and CEMS.DE has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OM3X.DE vs. CEMS.DE — Risk / Return Rank
OM3X.DE
CEMS.DE
OM3X.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OM3X.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.
| OM3X.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.44 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 3.72 | -1.78 |
| Martin ratioReturn relative to average drawdown | 7.36 | 12.64 | -5.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| OM3X.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.45 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.11 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.60 | +0.02 |
Drawdowns
OM3X.DE vs. CEMS.DE - Drawdown Comparison
The maximum OM3X.DE drawdown since its inception was -32.86%, smaller than the maximum CEMS.DE drawdown of -37.17%. Use the drawdown chart below to compare losses from any high point for OM3X.DE and CEMS.DE.
Loading charts...
Drawdown Indicators
| OM3X.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.86% | -37.17% | +4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -8.70% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | -18.20% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -18.20% | -12.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.17% | — |
Current DrawdownCurrent decline from peak | -1.57% | -0.44% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -7.28% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.57% | +0.38% |
Volatility
OM3X.DE vs. CEMS.DE - Volatility Comparison
iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) has a higher volatility of 4.70% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 3.87%. This indicates that OM3X.DE's price experiences larger fluctuations and is considered to be riskier than CEMS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OM3X.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 3.87% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 10.32% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 13.20% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 14.53% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 16.37% | +1.12% |
OM3X.DE vs. CEMS.DE - Expense Ratio Comparison
OM3X.DE has a 0.10% expense ratio, which is lower than CEMS.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
OM3X.DE vs. CEMS.DE - Dividend Comparison
Neither OM3X.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
OM3X.DE and CEMS.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OM3X.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3X.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for CEMS.DE.
OM3X.DE tracks OMX Stockholm Benchmark Cap, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.10% for OM3X.DE and 0.25% for CEMS.DE.
Find the right allocation for OM3X.DE and CEMS.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer