VWCE.DE vs. CEMR.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.93%/yr vs 11.36%/yr for CEMR.DE. A 0.75 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.25%/yr for CEMR.DE.
Performance
VWCE.DE vs. CEMR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 11.26% return, which is significantly higher than CEMR.DE's 7.41% return.
VWCE.DE
- 1D
- 0.15%
- 1M
- 2.31%
- YTD
- 11.26%
- 6M
- 11.96%
- 1Y
- 24.29%
- 3Y*
- 17.30%
- 5Y*
- 11.93%
- 10Y*
- —
CEMR.DE
- 1D
- 0.26%
- 1M
- 2.22%
- YTD
- 7.41%
- 6M
- 10.76%
- 1Y
- 16.27%
- 3Y*
- 20.12%
- 5Y*
- 11.36%
- 10Y*
- 11.54%
VWCE.DE vs. CEMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.26% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.41% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 10.84% | 7.89% |
Correlation
The correlation between VWCE.DE and CEMR.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.75 |
The correlation between VWCE.DE and CEMR.DE has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. CEMR.DE — Risk / Return Rank
VWCE.DE
CEMR.DE
VWCE.DE vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.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.
| VWCE.DE | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.19 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 1.43 | +2.25 |
| Martin ratioReturn relative to average drawdown | 15.26 | 5.44 | +9.82 |
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
| VWCE.DE | CEMR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 0.97 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.69 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.61 | +0.16 |
Drawdowns
VWCE.DE vs. CEMR.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than CEMR.DE's maximum drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and CEMR.DE.
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Drawdown Indicators
| VWCE.DE | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -31.80% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -11.75% | +5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -15.72% | -5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -23.77% | +2.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.80% | — |
Current DrawdownCurrent decline from peak | -1.87% | -1.88% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -6.02% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 3.09% | -1.51% |
Volatility
VWCE.DE vs. CEMR.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.29%, while iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) has a volatility of 4.04%. This indicates that VWCE.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
| VWCE.DE | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 4.04% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 14.61% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 17.29% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 16.39% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 16.47% | -0.32% |
VWCE.DE vs. CEMR.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% 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
VWCE.DE vs. CEMR.DE - Dividend Comparison
Neither VWCE.DE nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and CEMR.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for CEMR.DE.
VWCE.DE is categorized as Global Equities, while CEMR.DE is Momentum. VWCE.DE tracks FTSE All-World Index, while CEMR.DE tracks MSCI Europe Momentum Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWCE.DE and 0.25% for CEMR.DE.
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