QDVA.DE vs. CEMS.DE
QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both exchange-traded funds - QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index, while CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, QDVA.DE returned 15.17%/yr vs 14.47%/yr for CEMS.DE. At a 0.50 correlation, their price movements are largely independent. QDVA.DE charges 0.20%/yr vs 0.25%/yr for CEMS.DE.
Performance
QDVA.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVA.DE achieves a 30.20% return, which is significantly higher than CEMS.DE's 13.72% return.
QDVA.DE
- 1D
- -2.00%
- 1M
- 10.68%
- YTD
- 30.20%
- 6M
- 29.85%
- 1Y
- 37.18%
- 3Y*
- 28.68%
- 5Y*
- 15.17%
- 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%
QDVA.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 30.20% | 5.11% | 40.00% | 5.98% | -13.66% | 22.93% | 17.39% | 31.13% | 1.12% | 20.30% |
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% | 10.16% |
Correlation
The correlation between QDVA.DE and CEMS.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | 0.50 |
The correlation between QDVA.DE and CEMS.DE shifts across timeframes, from 0.37 (3 years) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QDVA.DE vs. CEMS.DE — Risk / Return Rank
QDVA.DE
CEMS.DE
QDVA.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.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.
| QDVA.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 3.29 | +0.59 |
| Martin ratioReturn relative to average drawdown | 12.67 | 12.37 | +0.31 |
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
| QDVA.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 2.37 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.94 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.49 | +0.35 |
Drawdowns
QDVA.DE vs. CEMS.DE - Drawdown Comparison
The maximum QDVA.DE drawdown since its inception was -33.34%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for QDVA.DE and CEMS.DE.
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Drawdown Indicators
| QDVA.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -40.20% | +6.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -9.99% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -17.57% | -7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -19.55% | -6.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -2.00% | -1.26% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -7.49% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.66% | +0.25% |
Volatility
QDVA.DE vs. CEMS.DE - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a higher volatility of 7.65% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 4.65%. This indicates that QDVA.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.
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Volatility by Period
| QDVA.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 4.65% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 11.17% | +4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.82% | 13.87% | +4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 15.23% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 17.43% | +1.76% |
QDVA.DE vs. CEMS.DE - Expense Ratio Comparison
QDVA.DE has a 0.20% 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
QDVA.DE vs. CEMS.DE - Dividend Comparison
Neither QDVA.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVA.DE and CEMS.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CEMS.DE.
QDVA.DE is categorized as Momentum, while CEMS.DE is Europe Equities. QDVA.DE tracks MSCI USA Momentum Index, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.20% for QDVA.DE and 0.25% for CEMS.DE.
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