VWCG.DE vs. CEMR.DE
VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 5 years, VWCG.DE returned 10.01%/yr vs 11.56%/yr for CEMR.DE. Their correlation of 0.87 suggests significant overlap in exposure. VWCG.DE charges 0.10%/yr vs 0.25%/yr for CEMR.DE.
Performance
VWCG.DE vs. CEMR.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VWCG.DE having a 8.96% return and CEMR.DE slightly higher at 9.13%.
VWCG.DE
- 1D
- 1.89%
- 1M
- 3.14%
- YTD
- 8.96%
- 6M
- 11.76%
- 1Y
- 19.41%
- 3Y*
- 14.33%
- 5Y*
- 10.01%
- 10Y*
- —
CEMR.DE
- 1D
- 1.92%
- 1M
- 2.19%
- YTD
- 9.13%
- 6M
- 12.45%
- 1Y
- 21.56%
- 3Y*
- 20.31%
- 5Y*
- 11.56%
- 10Y*
- 12.09%
VWCG.DE vs. CEMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 8.96% | 20.44% | 8.96% | 16.07% | -9.83% | 24.91% | -2.57% | 7.53% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 9.13% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 10.84% | 8.53% |
Correlation
The correlation between VWCG.DE and CEMR.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.87 |
The correlation between VWCG.DE and CEMR.DE has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
VWCG.DE vs. CEMR.DE — Risk / Return Rank
VWCG.DE
CEMR.DE
VWCG.DE vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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.
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.
| VWCG.DE | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.76 | +0.15 |
| Martin ratioReturn relative to average drawdown | 7.33 | 6.68 | +0.65 |
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Drawdowns
VWCG.DE vs. CEMR.DE - Drawdown Comparison
The maximum VWCG.DE drawdown since its inception was -35.70%, 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 VWCG.DE and CEMR.DE.
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Drawdown Indicators
| VWCG.DE | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -31.80% | -3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -11.75% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | -15.72% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | -23.77% | +3.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.80% | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.31% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -6.02% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.11% | -0.60% |
Volatility
VWCG.DE vs. CEMR.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) is 4.24%, while iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) has a volatility of 4.79%. This indicates that VWCG.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
| VWCG.DE | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.79% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 14.87% | -4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 17.46% | -4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 16.43% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 16.48% | +0.37% |
VWCG.DE vs. CEMR.DE - Expense Ratio Comparison
VWCG.DE has a 0.10% 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
VWCG.DE vs. CEMR.DE - Dividend Comparison
Neither VWCG.DE nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCG.DE and CEMR.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCG.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for CEMR.DE.
VWCG.DE is categorized as Europe Equities, while CEMR.DE is Momentum. VWCG.DE tracks FTSE Developed Europe, while CEMR.DE tracks MSCI Europe Momentum Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VWCG.DE and 0.25% for CEMR.DE.
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