SXRS.DE vs. CEMQ.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, while CEMQ.DE is a Europe Equities fund tracking the MSCI Europe Sector Neutral Quality. Both are passively managed. Over the past 5 years, SXRS.DE returned 10.89%/yr vs 6.17%/yr for CEMQ.DE. At a 0.14 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.25%/yr for CEMQ.DE.
Performance
SXRS.DE vs. CEMQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 18.88% return, which is significantly higher than CEMQ.DE's 6.82% return.
SXRS.DE
- 1D
- -1.55%
- 1M
- -8.54%
- YTD
- 18.88%
- 6M
- 22.40%
- 1Y
- 29.92%
- 3Y*
- 10.89%
- 5Y*
- 10.89%
- 10Y*
- —
CEMQ.DE
- 1D
- 1.45%
- 1M
- 4.11%
- YTD
- 6.82%
- 6M
- 9.07%
- 1Y
- 9.48%
- 3Y*
- 8.41%
- 5Y*
- 6.17%
- 10Y*
- 8.78%
SXRS.DE vs. CEMQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 18.88% | 4.68% | 11.06% | -10.49% | 20.61% | 40.00% | -13.38% | 9.88% | -21.55% | 5.80% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 6.82% | 10.19% | 3.69% | 14.57% | -11.90% | 26.61% | 1.06% | 32.46% | -7.32% | 1.99% |
Correlation
The correlation between SXRS.DE and CEMQ.DE is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.14 |
The correlation between SXRS.DE and CEMQ.DE shifts across timeframes, from -0.21 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXRS.DE vs. CEMQ.DE — Risk / Return Rank
SXRS.DE
CEMQ.DE
SXRS.DE vs. CEMQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) and iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SXRS.DE | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.14 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 1.13 | +2.28 |
| Martin ratioReturn relative to average drawdown | 7.38 | 3.44 | +3.95 |
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Drawdowns
SXRS.DE vs. CEMQ.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -37.23%, which is greater than CEMQ.DE's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and CEMQ.DE.
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Drawdown Indicators
| SXRS.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -33.76% | -3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -8.38% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -14.96% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -19.65% | -7.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.76% | — |
Current DrawdownCurrent decline from peak | -8.74% | -0.08% | -8.66% |
Average DrawdownAverage peak-to-trough decline | -16.43% | -5.35% | -11.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.70% | +1.34% |
Volatility
SXRS.DE vs. CEMQ.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.00% compared to iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) at 3.75%. This indicates that SXRS.DE's price experiences larger fluctuations and is considered to be riskier than CEMQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRS.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 3.75% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.89% | 9.71% | +7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 12.07% | +7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 14.05% | +3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 15.02% | +1.58% |
SXRS.DE vs. CEMQ.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than CEMQ.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
SXRS.DE vs. CEMQ.DE - Dividend Comparison
Neither SXRS.DE nor CEMQ.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and CEMQ.DE have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for CEMQ.DE.
SXRS.DE is categorized as Commodities, while CEMQ.DE is Europe Equities. SXRS.DE tracks Bloomberg Commodity, while CEMQ.DE tracks MSCI Europe Sector Neutral Quality. Their fees differ too: 0.19% for SXRS.DE and 0.25% for CEMQ.DE.
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