SPYC.DE vs. CEMG.DE
SPYC.DE (SPDR MSCI Europe Consumer Staples UCITS ETF) and CEMG.DE (iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)) are both Consumer Staples Equities funds - SPYC.DE tracks the MSCI Europe Consumer Staples 20/35 Capped while CEMG.DE tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Both are passively managed. Over the past 10 years, SPYC.DE returned 2.96%/yr vs 3.56%/yr for CEMG.DE. At a 0.49 correlation, their price movements are largely independent. SPYC.DE charges 0.18%/yr vs 0.60%/yr for CEMG.DE.
Performance
SPYC.DE vs. CEMG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYC.DE achieves a -1.74% return, which is significantly higher than CEMG.DE's -7.03% return. Over the past 10 years, SPYC.DE has underperformed CEMG.DE with an annualized return of 2.96%, while CEMG.DE has yielded a comparatively higher 3.56% annualized return.
SPYC.DE
- 1D
- -0.47%
- 1M
- -0.91%
- YTD
- -1.74%
- 6M
- -1.52%
- 1Y
- -4.67%
- 3Y*
- -0.28%
- 5Y*
- 0.74%
- 10Y*
- 2.96%
CEMG.DE
- 1D
- -0.23%
- 1M
- -0.30%
- YTD
- -7.03%
- 6M
- -7.84%
- 1Y
- -8.22%
- 3Y*
- 3.00%
- 5Y*
- -2.27%
- 10Y*
- 3.56%
SPYC.DE vs. CEMG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYC.DE SPDR MSCI Europe Consumer Staples UCITS ETF | -1.74% | 7.08% | -2.32% | 0.74% | -8.67% | 20.59% | -3.72% | 25.93% | -8.92% | 8.62% |
CEMG.DE iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) | -7.03% | 0.86% | 16.93% | 1.69% | -16.08% | -1.07% | 11.30% | 25.51% | -16.68% | 23.33% |
Correlation
The correlation between SPYC.DE and CEMG.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2014 | 0.49 |
Over the past year, the correlation between SPYC.DE and CEMG.DE has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
SPYC.DE vs. CEMG.DE — Risk / Return Rank
SPYC.DE
CEMG.DE
SPYC.DE vs. CEMG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Consumer Staples UCITS ETF (SPYC.DE) and iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.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.
| SPYC.DE | CEMG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.91 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.58 | +0.21 |
| Martin ratioReturn relative to average drawdown | -0.79 | -1.23 | +0.44 |
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
| SPYC.DE | CEMG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | -0.64 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.12 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.19 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.22 | +0.10 |
Drawdowns
SPYC.DE vs. CEMG.DE - Drawdown Comparison
The maximum SPYC.DE drawdown since its inception was -24.80%, smaller than the maximum CEMG.DE drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SPYC.DE and CEMG.DE.
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Drawdown Indicators
| SPYC.DE | CEMG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.80% | -33.94% | +9.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -14.05% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.47% | -20.18% | +7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -31.08% | +16.02% |
Max Drawdown (10Y)Largest decline over 10 years | -24.80% | -33.94% | +9.14% |
Current DrawdownCurrent decline from peak | -11.20% | -18.75% | +7.55% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -12.26% | +6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 6.68% | -0.79% |
Volatility
SPYC.DE vs. CEMG.DE - Volatility Comparison
SPDR MSCI Europe Consumer Staples UCITS ETF (SPYC.DE) and iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.DE) have volatilities of 4.54% and 4.37%, 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
| SPYC.DE | CEMG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 4.37% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 10.24% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.98% | 12.88% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.45% | 18.54% | -6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.38% | 18.33% | -4.95% |
SPYC.DE vs. CEMG.DE - Expense Ratio Comparison
SPYC.DE has a 0.18% expense ratio, which is lower than CEMG.DE's 0.60% expense ratio.
Dividends
SPYC.DE vs. CEMG.DE - Dividend Comparison
Neither SPYC.DE nor CEMG.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYC.DE and CEMG.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYC.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYC.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for CEMG.DE.
SPYC.DE tracks MSCI Europe Consumer Staples 20/35 Capped, while CEMG.DE tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYC.DE and 0.60% for CEMG.DE.
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