QUED.DE vs. CEMT.DE
QUED.DE (BNP Paribas Easy ESG Quality Europe UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - QUED.DE tracks the BNP Paribas Quality Europe ESG while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, QUED.DE returned 6.01%/yr vs 4.08%/yr for CEMT.DE. Their correlation of 0.87 suggests significant overlap in exposure. QUED.DE charges 0.32%/yr vs 0.25%/yr for CEMT.DE.
Performance
QUED.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
QUED.DE
- 1D
- 0.66%
- 1M
- 2.41%
- YTD
- 6.46%
- 6M
- 8.57%
- 1Y
- 11.64%
- 3Y*
- 10.11%
- 5Y*
- 6.01%
- 10Y*
- —
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 3.97%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
QUED.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QUED.DE BNP Paribas Easy ESG Quality Europe UCITS ETF | 6.46% | 12.77% | 3.56% | 20.27% | -17.26% | 25.56% | 1.90% | 22.77% | -8.51% | 7.33% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 9.30% |
Correlation
The correlation between QUED.DE and CEMT.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017 | 0.87 |
Over the past year, the correlation between QUED.DE and CEMT.DE has dropped to 0.43 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
QUED.DE vs. CEMT.DE — Risk / Return Rank
QUED.DE
CEMT.DE
QUED.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Quality Europe UCITS ETF (QUED.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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.
| QUED.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.10 | +0.16 |
| Martin ratioReturn relative to average drawdown | 3.80 | 4.03 | -0.23 |
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
| QUED.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.77 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.28 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.37 | +0.10 |
Drawdowns
QUED.DE vs. CEMT.DE - Drawdown Comparison
The maximum QUED.DE drawdown since its inception was -33.31%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for QUED.DE and CEMT.DE.
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Drawdown Indicators
| QUED.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.31% | -37.66% | +4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -4.26% | -4.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -14.36% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -27.03% | -29.23% | +2.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -1.17% | -0.39% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -7.08% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 1.16% | +1.90% |
Volatility
QUED.DE vs. CEMT.DE - Volatility Comparison
BNP Paribas Easy ESG Quality Europe UCITS ETF (QUED.DE) has a higher volatility of 4.10% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that QUED.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QUED.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 0.00% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 0.00% | +11.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.51% | 6.11% | +7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 14.61% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 16.11% | -1.06% |
QUED.DE vs. CEMT.DE - Expense Ratio Comparison
QUED.DE has a 0.32% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
QUED.DE vs. CEMT.DE - Dividend Comparison
QUED.DE's dividend yield for the trailing twelve months is around 2.13%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QUED.DE BNP Paribas Easy ESG Quality Europe UCITS ETF | 2.13% | 1.98% | 2.50% | 2.44% | 3.07% | 1.96% | 2.98% | 3.64% | 3.68% |
Frequently Asked Questions
QUED.DE and CEMT.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, CEMT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.DE is cheaper with a 0.25% expense ratio, compared with 0.32% for QUED.DE.
QUED.DE tracks BNP Paribas Quality Europe ESG, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.32% for QUED.DE and 0.25% for CEMT.DE.
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