SXRQ.DE vs. CEMS.DE
SXRQ.DE (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both exchange-traded funds - SXRQ.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 10, while CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, SXRQ.DE returned -0.18%/yr vs 10.71%/yr for CEMS.DE. At a 0.03 correlation, their price movements are largely independent. SXRQ.DE charges 0.15%/yr vs 0.25%/yr for CEMS.DE.
Performance
SXRQ.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRQ.DE achieves a 0.06% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, SXRQ.DE has underperformed CEMS.DE with an annualized return of -0.18%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
SXRQ.DE
- 1D
- 0.03%
- 1M
- 0.05%
- YTD
- 0.06%
- 6M
- 0.07%
- 1Y
- 0.71%
- 3Y*
- 2.62%
- 5Y*
- -2.34%
- 10Y*
- -0.18%
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%
SXRQ.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRQ.DE iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 0.06% | 1.69% | 0.90% | 8.71% | -19.90% | -3.09% | 4.11% | 6.70% | 1.22% | 0.85% |
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 SXRQ.DE and CEMS.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.03 |
Over the past year, SXRQ.DE and CEMS.DE have become more correlated (0.38) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
SXRQ.DE vs. CEMS.DE — Risk / Return Rank
SXRQ.DE
CEMS.DE
SXRQ.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (SXRQ.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.
| SXRQ.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.43 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 3.29 | -3.25 |
| Martin ratioReturn relative to average drawdown | 0.10 | 12.37 | -12.27 |
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
| SXRQ.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 2.37 | -2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.94 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.61 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.49 | -0.08 |
Drawdowns
SXRQ.DE vs. CEMS.DE - Drawdown Comparison
The maximum SXRQ.DE drawdown since its inception was -23.28%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for SXRQ.DE and CEMS.DE.
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Drawdown Indicators
| SXRQ.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -40.20% | +16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -9.99% | +5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -17.57% | +13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -19.55% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -23.28% | -40.20% | +16.92% |
Current DrawdownCurrent decline from peak | -13.74% | -1.26% | -12.48% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -7.49% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.66% | -1.11% |
Volatility
SXRQ.DE vs. CEMS.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (SXRQ.DE) is 1.84%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that SXRQ.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
| SXRQ.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 4.65% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 11.17% | -6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 13.87% | -8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.38% | 15.23% | -7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 17.43% | -11.46% |
SXRQ.DE vs. CEMS.DE - Expense Ratio Comparison
SXRQ.DE has a 0.15% 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
SXRQ.DE vs. CEMS.DE - Dividend Comparison
Neither SXRQ.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRQ.DE and CEMS.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRQ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRQ.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CEMS.DE.
SXRQ.DE is categorized as European Government Bonds, while CEMS.DE is Europe Equities. SXRQ.DE tracks Bloomberg Euro Government Bond 10, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.15% for SXRQ.DE and 0.25% for CEMS.DE.
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