VGK vs. CEMR.DE
VGK (Vanguard FTSE Europe ETF) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - VGK is a Europe Equities fund tracking the FTSE Developed Europe All Cap Index, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, VGK returned 10.28%/yr vs 12.44%/yr for CEMR.DE. A 0.73 correlation means they provide meaningful diversification when combined. VGK charges 0.06%/yr vs 0.25%/yr for CEMR.DE.
Performance
VGK vs. CEMR.DE - Performance Comparison
Loading charts...
Different Trading Currencies
VGK is traded in USD, while CEMR.DE is traded in EUR. To make them comparable, the CEMR.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with VGK having a 7.69% return and CEMR.DE slightly lower at 7.45%. Over the past 10 years, VGK has underperformed CEMR.DE with an annualized return of 10.28%, while CEMR.DE has yielded a comparatively higher 12.44% annualized return.
VGK
- 1D
- 0.18%
- 1M
- 2.46%
- YTD
- 7.69%
- 6M
- 9.92%
- 1Y
- 19.73%
- 3Y*
- 16.69%
- 5Y*
- 8.50%
- 10Y*
- 10.28%
CEMR.DE
- 1D
- 1.81%
- 1M
- 1.28%
- YTD
- 7.45%
- 6M
- 10.79%
- 1Y
- 21.73%
- 3Y*
- 23.12%
- 5Y*
- 10.55%
- 10Y*
- 12.44%
VGK vs. CEMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGK Vanguard FTSE Europe ETF | 7.69% | 35.83% | 1.88% | 20.19% | -15.98% | 16.89% | 5.43% | 24.85% | -14.89% | 26.98% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.45% | 43.66% | 13.16% | 16.33% | -19.98% | 12.49% | 21.67% | 28.77% | -14.87% | 27.32% |
Correlation
The correlation between VGK and CEMR.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.73 |
The correlation between VGK and CEMR.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VGK vs. CEMR.DE — Risk / Return Rank
VGK
CEMR.DE
VGK vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Europe ETF (VGK) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VGK | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.52 | -0.03 |
| Martin ratioReturn relative to average drawdown | 5.52 | 5.40 | +0.12 |
Loading charts...
Drawdowns
VGK vs. CEMR.DE - Drawdown Comparison
The maximum VGK drawdown since its inception was -63.61%, which is greater than CEMR.DE's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for VGK and CEMR.DE.
Loading charts...
Drawdown Indicators
| VGK | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -35.49% | -28.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -13.54% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.31% | -14.59% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -35.49% | +2.75% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | -35.49% | -1.75% |
Current DrawdownCurrent decline from peak | -0.50% | -1.63% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -13.33% | -7.39% | -5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.82% | -0.55% |
Volatility
VGK vs. CEMR.DE - Volatility Comparison
Vanguard FTSE Europe ETF (VGK) has a higher volatility of 5.82% compared to iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) at 5.46%. This indicates that VGK's price experiences larger fluctuations and is considered to be riskier than CEMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VGK | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 5.46% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 16.51% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 19.13% | -3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.98% | 19.16% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 18.40% | +0.55% |
VGK vs. CEMR.DE - Expense Ratio Comparison
VGK has a 0.06% 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
VGK vs. CEMR.DE - Dividend Comparison
VGK's dividend yield for the trailing twelve months is around 2.76%, while CEMR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMR.DE iShares Edge MSCI Europe Momentum 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% |
VGK Vanguard FTSE Europe ETF | 2.76% | 2.86% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% |
Frequently Asked Questions
VGK and CEMR.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGK is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGK is cheaper with a 0.06% expense ratio, compared with 0.25% for CEMR.DE.
VGK is categorized as Europe Equities, while CEMR.DE is Momentum. VGK tracks FTSE Developed Europe All Cap Index, while CEMR.DE tracks MSCI Europe Momentum Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.06% for VGK and 0.25% for CEMR.DE.
Find the right allocation for VGK and CEMR.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer