SXRJ.DE vs. CEMT.DE
SXRJ.DE (iShares MSCI EMU Small Cap UCITS ETF (Acc)) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds from iShares - SXRJ.DE tracks the MSCI EMU Small Cap while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, SXRJ.DE returned 9.05%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.90 suggests significant overlap in exposure. SXRJ.DE charges 0.58%/yr vs 0.25%/yr for CEMT.DE.
Performance
SXRJ.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, SXRJ.DE has outperformed CEMT.DE with an annualized return of 9.05%, while CEMT.DE has yielded a comparatively lower 6.44% annualized return.
SXRJ.DE
- 1D
- 0.05%
- 1M
- 0.91%
- YTD
- 10.87%
- 6M
- 13.36%
- 1Y
- 16.78%
- 3Y*
- 13.45%
- 5Y*
- 6.53%
- 10Y*
- 9.05%
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%
SXRJ.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 10.87% | 25.22% | -0.19% | 14.41% | -16.60% | 23.00% | 5.26% | 29.83% | -17.96% | 23.99% |
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% | 13.62% |
Correlation
The correlation between SXRJ.DE and CEMT.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 | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.90 |
Over the past year, the correlation between SXRJ.DE and CEMT.DE has dropped to 0.46 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
SXRJ.DE vs. CEMT.DE — Risk / Return Rank
SXRJ.DE
CEMT.DE
SXRJ.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.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.
| SXRJ.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.10 | +0.50 |
| Martin ratioReturn relative to average drawdown | 5.95 | 4.03 | +1.92 |
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
| SXRJ.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.77 | +0.47 |
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 | 0.55 | 0.40 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.37 | +0.21 |
Drawdowns
SXRJ.DE vs. CEMT.DE - Drawdown Comparison
The maximum SXRJ.DE drawdown since its inception was -39.38%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for SXRJ.DE and CEMT.DE.
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Drawdown Indicators
| SXRJ.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -37.66% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -4.26% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -14.36% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -29.23% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | -37.66% | -1.72% |
Current DrawdownCurrent decline from peak | -1.35% | -0.39% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -7.08% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.16% | +1.71% |
Volatility
SXRJ.DE vs. CEMT.DE - Volatility Comparison
iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) has a higher volatility of 4.04% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that SXRJ.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
| SXRJ.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 0.00% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 0.00% | +11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 6.11% | +7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 14.61% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 16.11% | +0.17% |
SXRJ.DE vs. CEMT.DE - Expense Ratio Comparison
SXRJ.DE has a 0.58% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
SXRJ.DE vs. CEMT.DE - Dividend Comparison
Neither SXRJ.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRJ.DE and CEMT.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, 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 0.58% for SXRJ.DE.
SXRJ.DE tracks MSCI EMU Small Cap, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. Their fees differ too: 0.58% for SXRJ.DE and 0.25% for CEMT.DE.
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