VA.TO vs. CEMR.DE
VA.TO (Vanguard FTSE Developed Asia Pacific All Cap Index ETF) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - VA.TO is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific All Cap Index, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, VA.TO returned 11.51%/yr vs 13.41%/yr for CEMR.DE. At a 0.44 correlation, their price movements are largely independent. VA.TO charges 0.22%/yr vs 0.25%/yr for CEMR.DE.
Performance
VA.TO vs. CEMR.DE - Performance Comparison
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Different Trading Currencies
VA.TO is traded in CAD, while CEMR.DE is traded in EUR. To make them comparable, the CEMR.DE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VA.TO achieves a 29.12% return, which is significantly higher than CEMR.DE's 9.68% return. Over the past 10 years, VA.TO has underperformed CEMR.DE with an annualized return of 11.51%, while CEMR.DE has yielded a comparatively higher 13.41% annualized return.
VA.TO
- 1D
- 0.34%
- 1M
- 2.30%
- YTD
- 29.12%
- 6M
- 29.94%
- 1Y
- 52.99%
- 3Y*
- 22.49%
- 5Y*
- 12.79%
- 10Y*
- 11.51%
CEMR.DE
- 1D
- 2.00%
- 1M
- 5.62%
- YTD
- 9.68%
- 6M
- 12.37%
- 1Y
- 25.09%
- 3Y*
- 24.97%
- 5Y*
- 13.79%
- 10Y*
- 13.41%
VA.TO vs. CEMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VA.TO Vanguard FTSE Developed Asia Pacific All Cap Index ETF | 29.12% | 26.08% | 10.31% | 12.16% | -9.26% | 0.89% | 13.72% | 11.68% | -7.50% | 21.44% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 9.68% | 36.51% | 23.20% | 13.56% | -15.16% | 12.15% | 19.33% | 23.61% | -7.73% | 18.70% |
Correlation
The correlation between VA.TO and CEMR.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.44 |
The correlation between VA.TO and CEMR.DE shifts across timeframes, from 0.44 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VA.TO vs. CEMR.DE — Risk / Return Rank
VA.TO
CEMR.DE
VA.TO vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) 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.
| VA.TO | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.22 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 1.75 | +2.51 |
| Martin ratioReturn relative to average drawdown | 16.07 | 6.23 | +9.85 |
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Drawdowns
VA.TO vs. CEMR.DE - Drawdown Comparison
The maximum VA.TO drawdown since its inception was -25.81%, smaller than the maximum CEMR.DE drawdown of -30.43%. Use the drawdown chart below to compare losses from any high point for VA.TO and CEMR.DE.
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Drawdown Indicators
| VA.TO | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.81% | -30.43% | +4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -13.31% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -13.99% | -14.94% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -24.73% | -30.43% | +5.70% |
Max Drawdown (10Y)Largest decline over 10 years | -25.81% | -30.43% | +4.62% |
Current DrawdownCurrent decline from peak | -2.21% | 0.00% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -5.78% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.75% | -0.55% |
Volatility
VA.TO vs. CEMR.DE - Volatility Comparison
Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) has a higher volatility of 9.68% compared to iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) at 5.64%. This indicates that VA.TO's price experiences larger fluctuations and is considered to be riskier than CEMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VA.TO | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 5.64% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 18.49% | 16.76% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 19.43% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 19.65% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 18.92% | -3.56% |
VA.TO vs. CEMR.DE - Expense Ratio Comparison
VA.TO has a 0.22% 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
VA.TO vs. CEMR.DE - Dividend Comparison
VA.TO's dividend yield for the trailing twelve months is around 1.68%, while CEMR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMR.DE iShares Edge MSCI Europe Momentum 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% |
VA.TO Vanguard FTSE Developed Asia Pacific All Cap Index ETF | 1.68% | 2.17% | 2.31% | 2.57% | 3.10% | 2.35% | 2.14% | 2.55% | 2.89% | 1.71% | 1.63% | 1.93% |
Frequently Asked Questions
VA.TO and CEMR.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VA.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VA.TO is cheaper with a 0.22% expense ratio, compared with 0.25% for CEMR.DE.
VA.TO is categorized as Asia Pacific Equities, while CEMR.DE is Momentum. VA.TO tracks FTSE Developed Asia Pacific All Cap Index, while CEMR.DE tracks MSCI Europe Momentum Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VA.TO and 0.25% for CEMR.DE.
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