VGEU.DE vs. CEMS.DE
VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - VGEU.DE tracks the FTSE Developed Europe while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, VGEU.DE returned 9.61%/yr vs 10.71%/yr for CEMS.DE. A 0.77 correlation means they provide meaningful diversification when combined. VGEU.DE charges 0.10%/yr vs 0.25%/yr for CEMS.DE.
Performance
VGEU.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEU.DE achieves a 7.29% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, VGEU.DE has underperformed CEMS.DE with an annualized return of 9.61%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
VGEU.DE
- 1D
- 0.50%
- 1M
- 0.90%
- YTD
- 7.29%
- 6M
- 9.88%
- 1Y
- 16.08%
- 3Y*
- 14.08%
- 5Y*
- 9.90%
- 10Y*
- 9.61%
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%
VGEU.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 7.29% | 20.52% | 8.94% | 16.01% | -9.86% | 24.89% | -2.75% | 27.89% | -11.15% | 11.49% |
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 VGEU.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 | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2015 | 0.77 |
The correlation between VGEU.DE and CEMS.DE shifts across timeframes, from 0.77 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VGEU.DE vs. CEMS.DE — Risk / Return Rank
VGEU.DE
CEMS.DE
VGEU.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.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.
| VGEU.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 3.29 | -1.60 |
| Martin ratioReturn relative to average drawdown | 6.33 | 12.37 | -6.04 |
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
| VGEU.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.37 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.94 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.61 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.49 | +0.07 |
Drawdowns
VGEU.DE vs. CEMS.DE - Drawdown Comparison
The maximum VGEU.DE drawdown since its inception was -35.59%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for VGEU.DE and CEMS.DE.
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Drawdown Indicators
| VGEU.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.59% | -40.20% | +4.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -9.99% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -17.57% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -19.55% | -0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -35.59% | -40.20% | +4.61% |
Current DrawdownCurrent decline from peak | -1.53% | -1.26% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -7.49% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.66% | -0.10% |
Volatility
VGEU.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) is 4.29%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that VGEU.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
| VGEU.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 4.65% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 11.17% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 13.87% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 15.23% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 17.43% | -1.09% |
VGEU.DE vs. CEMS.DE - Expense Ratio Comparison
VGEU.DE has a 0.10% expense ratio, which is lower than CEMS.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
VGEU.DE vs. CEMS.DE - Dividend Comparison
VGEU.DE's dividend yield for the trailing twelve months is around 2.60%, 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% |
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 2.60% | 2.79% | 3.07% | 2.99% | 3.31% | 2.65% | 2.23% | 3.22% | 3.65% | 3.04% | 3.20% | 3.11% |
Frequently Asked Questions
With a correlation of 0.93, VGEU.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.
On fees, VGEU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEU.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for CEMS.DE.
VGEU.DE tracks FTSE Developed Europe, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VGEU.DE and 0.25% for CEMS.DE.
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