VGEU.DE vs. CEMT.DE
VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - VGEU.DE tracks the FTSE Developed Europe while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, VGEU.DE returned 9.61%/yr vs 6.44%/yr for CEMT.DE. A 0.77 correlation means they provide meaningful diversification when combined. VGEU.DE charges 0.10%/yr vs 0.25%/yr for CEMT.DE.
Performance
VGEU.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, VGEU.DE has outperformed CEMT.DE with an annualized return of 9.61%, while CEMT.DE has yielded a comparatively lower 6.44% 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%
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%
VGEU.DE vs. CEMT.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% |
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% | -13.99% | 13.62% |
Correlation
The correlation between VGEU.DE and CEMT.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2015 | 0.77 |
Over the past year, the correlation between VGEU.DE and CEMT.DE has dropped to 0.49 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
VGEU.DE vs. CEMT.DE — Risk / Return Rank
VGEU.DE
CEMT.DE
VGEU.DE vs. CEMT.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 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.
| VGEU.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.10 | +0.59 |
| Martin ratioReturn relative to average drawdown | 6.33 | 4.03 | +2.29 |
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 | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.77 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.28 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.40 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.37 | +0.19 |
Drawdowns
VGEU.DE vs. CEMT.DE - Drawdown Comparison
The maximum VGEU.DE drawdown since its inception was -35.59%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for VGEU.DE and CEMT.DE.
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Drawdown Indicators
| VGEU.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.59% | -37.66% | +2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -4.26% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -14.36% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -29.23% | +9.12% |
Max Drawdown (10Y)Largest decline over 10 years | -35.59% | -37.66% | +2.07% |
Current DrawdownCurrent decline from peak | -1.53% | -0.39% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -7.08% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.16% | +1.40% |
Volatility
VGEU.DE vs. CEMT.DE - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) has a higher volatility of 4.29% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that VGEU.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
| VGEU.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 0.00% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 0.00% | +10.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 6.11% | +6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 14.61% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 16.11% | +0.23% |
VGEU.DE vs. CEMT.DE - Expense Ratio Comparison
VGEU.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
VGEU.DE vs. CEMT.DE - Dividend Comparison
VGEU.DE's dividend yield for the trailing twelve months is around 2.60%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 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
VGEU.DE and CEMT.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 CEMT.DE.
VGEU.DE tracks FTSE Developed Europe, 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 VGEU.DE and 0.25% for CEMT.DE.
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