VECA.DE vs. CEMR.DE
VECA.DE (Vanguard EUR Corporate Bond UCITS ETF Accumulating) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - VECA.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 5 years, VECA.DE returned 0.09%/yr vs 11.35%/yr for CEMR.DE. At a 0.26 correlation, their price movements are largely independent. VECA.DE charges 0.09%/yr vs 0.25%/yr for CEMR.DE.
Performance
VECA.DE vs. CEMR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VECA.DE achieves a 0.53% return, which is significantly lower than CEMR.DE's 7.91% return.
VECA.DE
- 1D
- 0.10%
- 1M
- 0.30%
- YTD
- 0.53%
- 6M
- 0.60%
- 1Y
- 2.10%
- 3Y*
- 4.55%
- 5Y*
- 0.09%
- 10Y*
- —
CEMR.DE
- 1D
- -0.11%
- 1M
- 0.87%
- YTD
- 7.91%
- 6M
- 11.86%
- 1Y
- 16.81%
- 3Y*
- 20.23%
- 5Y*
- 11.35%
- 10Y*
- 11.36%
VECA.DE vs. CEMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VECA.DE Vanguard EUR Corporate Bond UCITS ETF Accumulating | 0.53% | 2.98% | 4.38% | 7.53% | -13.48% | -1.05% | 2.50% | 4.88% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.91% | 27.17% | 20.01% | 12.79% | -15.33% | 22.25% | 10.74% | 18.83% |
Correlation
The correlation between VECA.DE and CEMR.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.26 |
The correlation between VECA.DE and CEMR.DE shifts across timeframes, from 0.24 (5 years) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VECA.DE vs. CEMR.DE — Risk / Return Rank
VECA.DE
CEMR.DE
VECA.DE vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.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.
| VECA.DE | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.49 | -0.80 |
| Martin ratioReturn relative to average drawdown | 2.35 | 5.53 | -3.18 |
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
| VECA.DE | CEMR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.01 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.69 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.61 | -0.41 |
Drawdowns
VECA.DE vs. CEMR.DE - Drawdown Comparison
The maximum VECA.DE drawdown since its inception was -17.21%, smaller than the maximum CEMR.DE drawdown of -31.78%. Use the drawdown chart below to compare losses from any high point for VECA.DE and CEMR.DE.
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Drawdown Indicators
| VECA.DE | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -31.78% | +14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -11.73% | +9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -2.63% | -15.75% | +13.12% |
Max Drawdown (5Y)Largest decline over 5 years | -17.21% | -23.73% | +6.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.78% | — |
Current DrawdownCurrent decline from peak | -0.99% | -1.48% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -6.03% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 3.16% | -2.39% |
Volatility
VECA.DE vs. CEMR.DE - Volatility Comparison
The current volatility for Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) is 1.20%, while iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) has a volatility of 4.42%. This indicates that VECA.DE experiences smaller price fluctuations and is considered to be less risky 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
| VECA.DE | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 4.42% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 14.63% | -11.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 17.29% | -14.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.48% | 16.37% | -11.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 16.48% | -11.76% |
VECA.DE vs. CEMR.DE - Expense Ratio Comparison
VECA.DE has a 0.09% 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
VECA.DE vs. CEMR.DE - Dividend Comparison
Neither VECA.DE nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
VECA.DE and CEMR.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECA.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECA.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for CEMR.DE.
VECA.DE is categorized as European Corporate Bonds, while CEMR.DE is Momentum. VECA.DE tracks Bloomberg Euro Corp TR EUR, while CEMR.DE tracks MSCI Europe Momentum Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VECA.DE and 0.25% for CEMR.DE.
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