PEX vs. CEMR.DE
PEX (ProShares Global Listed Private Equity ETF) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - PEX is a Financials Equities fund tracking the LPX Direct Listed Private Equity Index, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, PEX returned 4.55%/yr vs 12.44%/yr for CEMR.DE. A 0.55 correlation means they provide meaningful diversification when combined. PEX charges 3.13%/yr vs 0.25%/yr for CEMR.DE.
Performance
PEX vs. CEMR.DE - Performance Comparison
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Different Trading Currencies
PEX is traded in USD, while CEMR.DE is traded in EUR. To make them comparable, the CEMR.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PEX achieves a -10.66% return, which is significantly lower than CEMR.DE's 7.45% return. Over the past 10 years, PEX has underperformed CEMR.DE with an annualized return of 4.55%, while CEMR.DE has yielded a comparatively higher 12.44% annualized return.
PEX
- 1D
- 0.68%
- 1M
- 1.52%
- YTD
- -10.66%
- 6M
- -10.17%
- 1Y
- -11.68%
- 3Y*
- 3.51%
- 5Y*
- -0.81%
- 10Y*
- 4.55%
CEMR.DE
- 1D
- 1.81%
- 1M
- 3.74%
- YTD
- 7.45%
- 6M
- 10.79%
- 1Y
- 21.73%
- 3Y*
- 23.12%
- 5Y*
- 10.55%
- 10Y*
- 12.44%
PEX vs. CEMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEX ProShares Global Listed Private Equity ETF | -10.66% | 0.21% | 13.05% | 23.11% | -25.98% | 28.34% | -1.14% | 25.53% | -13.31% | 14.33% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.45% | 43.66% | 13.16% | 16.33% | -19.98% | 12.49% | 21.67% | 28.77% | -14.87% | 27.32% |
Correlation
The correlation between PEX and CEMR.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.55 |
The correlation between PEX and CEMR.DE shifts across timeframes, from 0.43 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PEX vs. CEMR.DE — Risk / Return Rank
PEX
CEMR.DE
PEX vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Global Listed Private Equity ETF (PEX) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PEX | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.20 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 1.52 | -2.05 |
| Martin ratioReturn relative to average drawdown | -1.02 | 5.40 | -6.42 |
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Drawdowns
PEX vs. CEMR.DE - Drawdown Comparison
The maximum PEX drawdown since its inception was -49.17%, which is greater than CEMR.DE's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for PEX and CEMR.DE.
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Drawdown Indicators
| PEX | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.17% | -35.49% | -13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -24.72% | -13.54% | -11.18% |
Max Drawdown (3Y)Largest decline over 3 years | -24.72% | -14.59% | -10.13% |
Max Drawdown (5Y)Largest decline over 5 years | -36.58% | -35.49% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -49.17% | -35.49% | -13.68% |
Current DrawdownCurrent decline from peak | -19.26% | -1.63% | -17.63% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -7.39% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 3.82% | +8.85% |
Volatility
PEX vs. CEMR.DE - Volatility Comparison
ProShares Global Listed Private Equity ETF (PEX) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) have volatilities of 5.26% and 5.46%, 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
| PEX | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 5.46% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 16.51% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 19.13% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 19.16% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.45% | 18.40% | +1.05% |
PEX vs. CEMR.DE - Expense Ratio Comparison
PEX has a 3.13% expense ratio, which is higher than CEMR.DE's 0.25% expense ratio.
Dividends
PEX vs. CEMR.DE - Dividend Comparison
PEX's dividend yield for the trailing twelve months is around 12.55%, while CEMR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PEX ProShares Global Listed Private Equity ETF | 12.55% | 12.80% | 14.11% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 3.24% | 12.50% |
Frequently Asked Questions
PEX and CEMR.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMR.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMR.DE is cheaper with a 0.25% expense ratio, compared with 3.13% for PEX.
PEX is categorized as Financials Equities, while CEMR.DE is Momentum. PEX tracks LPX Direct Listed Private Equity Index, while CEMR.DE tracks MSCI Europe Momentum Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 3.13% for PEX and 0.25% for CEMR.DE.
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