VGER.DE vs. CEMT.DE
VGER.DE (Vanguard Germany All Cap UCITS ETF Dist) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - VGER.DE tracks the FTSE Germany All Cap while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, VGER.DE returned 7.30%/yr vs 4.08%/yr for CEMT.DE. Their correlation of 0.82 suggests significant overlap in exposure. VGER.DE charges 0.10%/yr vs 0.25%/yr for CEMT.DE.
Performance
VGER.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
VGER.DE
- 1D
- 0.30%
- 1M
- 0.79%
- YTD
- 2.83%
- 6M
- 5.10%
- 1Y
- 2.05%
- 3Y*
- 14.77%
- 5Y*
- 7.30%
- 10Y*
- —
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 3.97%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
VGER.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.83% | 21.13% | 16.18% | 19.26% | -17.51% | 12.84% | 3.89% | 23.04% | -15.57% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -15.92% |
Correlation
The correlation between VGER.DE and CEMT.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2018 | 0.82 |
Over the past year, the correlation between VGER.DE and CEMT.DE has dropped to 0.43 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
VGER.DE vs. CEMT.DE — Risk / Return Rank
VGER.DE
CEMT.DE
VGER.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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.
| VGER.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.21 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.10 | -0.89 |
| Martin ratioReturn relative to average drawdown | 0.59 | 4.03 | -3.44 |
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
| VGER.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.77 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.28 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.37 | +0.01 |
Drawdowns
VGER.DE vs. CEMT.DE - Drawdown Comparison
The maximum VGER.DE drawdown since its inception was -38.64%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for VGER.DE and CEMT.DE.
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Drawdown Indicators
| VGER.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -37.66% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -4.26% | -7.48% |
Max Drawdown (3Y)Largest decline over 3 years | -15.63% | -14.36% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -29.23% | -1.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.39% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -7.08% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 1.16% | +2.92% |
Volatility
VGER.DE vs. CEMT.DE - Volatility Comparison
Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) has a higher volatility of 4.79% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that VGER.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGER.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 0.00% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 0.00% | +12.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 6.11% | +9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.01% | 14.61% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 16.11% | +3.46% |
VGER.DE vs. CEMT.DE - Expense Ratio Comparison
VGER.DE has a 0.10% expense ratio, which is lower than CEMT.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
VGER.DE vs. CEMT.DE - Dividend Comparison
VGER.DE's dividend yield for the trailing twelve months is around 2.13%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.13% | 2.12% | 2.40% | 2.96% | 4.07% | 1.86% | 2.93% | 2.55% |
Frequently Asked Questions
VGER.DE and CEMT.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, VGER.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGER.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for CEMT.DE.
VGER.DE tracks FTSE Germany All Cap, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VGER.DE and 0.25% for CEMT.DE.
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