VALD.DE vs. CEMS.DE
VALD.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - VALD.DE tracks the BNP Paribas Value Europe ESG while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, VALD.DE returned 7.81%/yr vs 14.47%/yr for CEMS.DE. Their correlation of 0.91 suggests significant overlap in exposure. VALD.DE charges 0.30%/yr vs 0.25%/yr for CEMS.DE.
Performance
VALD.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VALD.DE achieves a 10.40% return, which is significantly lower than CEMS.DE's 13.72% return.
VALD.DE
- 1D
- 0.88%
- 1M
- 1.88%
- YTD
- 10.40%
- 6M
- 13.48%
- 1Y
- 18.73%
- 3Y*
- 16.67%
- 5Y*
- 7.81%
- 10Y*
- —
CEMS.DE
- 1D
- 0.10%
- 1M
- 4.58%
- YTD
- 13.72%
- 6M
- 16.86%
- 1Y
- 33.02%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
VALD.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 10.40% | 23.55% | 9.24% | 14.99% | -19.44% | 23.32% | -12.12% | 17.75% | -12.42% | 14.18% |
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% | 6.66% |
Correlation
The correlation between VALD.DE and CEMS.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017 | 0.91 |
The correlation between VALD.DE and CEMS.DE has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
VALD.DE vs. CEMS.DE — Risk / Return Rank
VALD.DE
CEMS.DE
VALD.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.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.
| VALD.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 3.29 | -0.82 |
| Martin ratioReturn relative to average drawdown | 8.35 | 12.37 | -4.01 |
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
| VALD.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 2.37 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.94 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.49 | -0.09 |
Drawdowns
VALD.DE vs. CEMS.DE - Drawdown Comparison
The maximum VALD.DE drawdown since its inception was -41.02%, roughly equal to the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for VALD.DE and CEMS.DE.
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Drawdown Indicators
| VALD.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -40.20% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -9.99% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -17.57% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -19.55% | -11.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -0.96% | -1.26% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -7.49% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.66% | -0.42% |
Volatility
VALD.DE vs. CEMS.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE) is 3.80%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that VALD.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
| VALD.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 4.65% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 11.17% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 13.87% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 15.23% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.89% | 17.43% | -1.54% |
VALD.DE vs. CEMS.DE - Expense Ratio Comparison
VALD.DE has a 0.30% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
VALD.DE vs. CEMS.DE - Dividend Comparison
VALD.DE's dividend yield for the trailing twelve months is around 3.00%, while CEMS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 3.00% | 3.36% | 3.35% | 3.36% | 3.99% | 2.17% | 5.02% | 4.92% | 4.84% |
Frequently Asked Questions
VALD.DE and CEMS.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for VALD.DE.
VALD.DE tracks BNP Paribas Value Europe ESG, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.30% for VALD.DE and 0.25% for CEMS.DE.
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