SLMC.DE vs. CEMS.DE
SLMC.DE (iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - SLMC.DE tracks the MSCI Europe ESG Screened while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, SLMC.DE returned 9.56%/yr vs 14.47%/yr for CEMS.DE. Their correlation of 0.90 suggests significant overlap in exposure. SLMC.DE charges 0.12%/yr vs 0.25%/yr for CEMS.DE.
Performance
SLMC.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLMC.DE achieves a 7.14% return, which is significantly lower than CEMS.DE's 13.72% return.
SLMC.DE
- 1D
- 0.66%
- 1M
- 1.35%
- YTD
- 7.14%
- 6M
- 9.76%
- 1Y
- 15.36%
- 3Y*
- 13.78%
- 5Y*
- 9.56%
- 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%
SLMC.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SLMC.DE iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) | 7.14% | 18.79% | 8.99% | 17.54% | -11.33% | 24.92% | -1.75% | 27.93% | -4.14% |
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% | -5.15% |
Correlation
The correlation between SLMC.DE and CEMS.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.90 |
The correlation between SLMC.DE and CEMS.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
SLMC.DE vs. CEMS.DE — Risk / Return Rank
SLMC.DE
CEMS.DE
SLMC.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SLMC.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.
| SLMC.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 3.29 | -1.76 |
| Martin ratioReturn relative to average drawdown | 5.72 | 12.37 | -6.65 |
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
| SLMC.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.37 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.94 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.49 | +0.16 |
Drawdowns
SLMC.DE vs. CEMS.DE - Drawdown Comparison
The maximum SLMC.DE drawdown since its inception was -34.92%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for SLMC.DE and CEMS.DE.
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Drawdown Indicators
| SLMC.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.92% | -40.20% | +5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -9.99% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -17.57% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -19.55% | -1.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -1.46% | -1.26% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -7.49% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.66% | +0.05% |
Volatility
SLMC.DE vs. CEMS.DE - Volatility Comparison
The current volatility for iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SLMC.DE) is 4.40%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that SLMC.DE experiences smaller price fluctuations and is considered to be less risky 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
| SLMC.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.65% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 11.17% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 13.87% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 15.23% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 17.43% | -0.91% |
SLMC.DE vs. CEMS.DE - Expense Ratio Comparison
SLMC.DE has a 0.12% 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
SLMC.DE vs. CEMS.DE - Dividend Comparison
Neither SLMC.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SLMC.DE and CEMS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SLMC.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLMC.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for CEMS.DE.
SLMC.DE tracks MSCI Europe ESG Screened, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.12% for SLMC.DE and 0.25% for CEMS.DE.
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