UIME.DE vs. CEMS.DE
UIME.DE (UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - UIME.DE tracks the MSCI EMU Value while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, UIME.DE returned 9.94%/yr vs 10.71%/yr for CEMS.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.
Performance
UIME.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UIME.DE achieves a 7.26% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, UIME.DE has underperformed CEMS.DE with an annualized return of 9.94%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
UIME.DE
- 1D
- 0.47%
- 1M
- 0.62%
- YTD
- 7.26%
- 6M
- 10.82%
- 1Y
- 21.11%
- 3Y*
- 20.26%
- 5Y*
- 13.26%
- 10Y*
- 9.94%
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%
UIME.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIME.DE UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis | 7.26% | 37.25% | 9.43% | 18.66% | -4.81% | 19.85% | -7.50% | 19.70% | -14.45% | 10.61% |
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 UIME.DE and CEMS.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.95 |
The correlation between UIME.DE and CEMS.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
UIME.DE vs. CEMS.DE — Risk / Return Rank
UIME.DE
CEMS.DE
UIME.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis (UIME.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.
| UIME.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 3.29 | -0.87 |
| Martin ratioReturn relative to average drawdown | 8.21 | 12.37 | -4.16 |
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
| UIME.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.37 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.94 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.61 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.49 | -0.17 |
Drawdowns
UIME.DE vs. CEMS.DE - Drawdown Comparison
The maximum UIME.DE drawdown since its inception was -41.99%, roughly equal to the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for UIME.DE and CEMS.DE.
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Drawdown Indicators
| UIME.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.99% | -40.20% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -9.99% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -14.54% | -17.57% | +3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -22.67% | -19.55% | -3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -41.99% | -40.20% | -1.79% |
Current DrawdownCurrent decline from peak | -1.47% | -1.26% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -7.49% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.66% | -0.03% |
Volatility
UIME.DE vs. CEMS.DE - Volatility Comparison
The current volatility for UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis (UIME.DE) is 3.60%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that UIME.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
| UIME.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.65% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 11.17% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 13.87% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 15.23% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 17.43% | +0.42% |
UIME.DE vs. CEMS.DE - Expense Ratio Comparison
Both UIME.DE and CEMS.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UIME.DE vs. CEMS.DE - Dividend Comparison
UIME.DE's dividend yield for the trailing twelve months is around 3.75%, while CEMS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UIME.DE UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis | 3.75% | 3.42% | 3.51% | 3.89% | 4.13% | 2.67% | 2.40% | 3.87% | 4.07% | 3.49% | 5.50% | 4.19% |
Frequently Asked Questions
With a correlation of 0.93, UIME.DE and CEMS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UIME.DE and CEMS.DE have the same expense ratio: 0.25% per year.
UIME.DE tracks MSCI EMU Value, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: UBS and iShares.
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