SXRS.DE vs. CEMR.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 5 years, SXRS.DE returned 10.89%/yr vs 11.56%/yr for CEMR.DE. At a 0.14 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.25%/yr for CEMR.DE.
Performance
SXRS.DE vs. CEMR.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 CEMR.DE's 9.13% 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*
- —
CEMR.DE
- 1D
- 1.92%
- 1M
- 2.91%
- YTD
- 9.13%
- 6M
- 12.45%
- 1Y
- 20.82%
- 3Y*
- 20.31%
- 5Y*
- 11.56%
- 10Y*
- 12.09%
SXRS.DE vs. CEMR.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% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 9.13% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 10.84% | 31.55% | -10.67% | 1.29% |
Correlation
The correlation between SXRS.DE and CEMR.DE is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.14 |
The correlation between SXRS.DE and CEMR.DE shifts across timeframes, from -0.19 (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. CEMR.DE — Risk / Return Rank
SXRS.DE
CEMR.DE
SXRS.DE vs. CEMR.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 Momentum Factor UCITS ETF (CEMR.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 | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.22 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 1.76 | +1.64 |
| Martin ratioReturn relative to average drawdown | 7.38 | 6.68 | +0.70 |
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Drawdowns
SXRS.DE vs. CEMR.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -37.23%, which is greater than CEMR.DE's maximum drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and CEMR.DE.
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Drawdown Indicators
| SXRS.DE | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -31.80% | -5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -11.75% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -15.72% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -23.77% | -3.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.80% | — |
Current DrawdownCurrent decline from peak | -8.74% | -0.31% | -8.43% |
Average DrawdownAverage peak-to-trough decline | -16.43% | -6.02% | -10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 3.11% | +0.93% |
Volatility
SXRS.DE vs. CEMR.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) have volatilities of 5.00% and 4.79%, 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
| SXRS.DE | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 4.79% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.89% | 14.87% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 17.46% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 16.43% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 16.48% | +0.12% |
SXRS.DE vs. CEMR.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than CEMR.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. CEMR.DE - Dividend Comparison
Neither SXRS.DE nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and CEMR.DE have a correlation of -0.19, 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 CEMR.DE.
SXRS.DE is categorized as Commodities, while CEMR.DE is Momentum. SXRS.DE tracks Bloomberg Commodity, while CEMR.DE tracks MSCI Europe Momentum Index. Their fees differ too: 0.19% for SXRS.DE and 0.25% for CEMR.DE.
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