WPEA.PA vs. CEMU.AS

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) and iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS).

WPEA.PA and CEMU.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WPEA.PA is a passively managed fund by iShares that tracks the performance of the MSCI World NET TR EUR Index. It was launched on Mar 26, 2024. CEMU.AS is a passively managed fund by iShares that tracks the performance of the MSCI EMU NR EUR. It was launched on Jan 12, 2010. Both WPEA.PA and CEMU.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

WPEA.PA vs. CEMU.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) and iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS). The values are adjusted to include any dividend payments, if applicable.

WPEA.PA vs. CEMU.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WPEA.PA iShares MSCI World Swap PEA UCITS ETF	-1.17%	6.89%	14.51%
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc)	0.12%	24.42%	0.51%

Returns By Period

In the year-to-date period, WPEA.PA achieves a -1.17% return, which is significantly lower than CEMU.AS's 0.12% return.

WPEA.PA

• 1D: 2.00%
• 1M: -3.13%
• YTD: -1.17%
• 6M: 2.03%
• 1Y: 11.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEMU.AS

• 1D: 2.87%
• 1M: -3.76%
• YTD: 0.12%
• 6M: 4.53%
• 1Y: 14.45%
• 3Y*: 13.35%
• 5Y*: 9.97%
• 10Y*: 9.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WPEA.PA vs. CEMU.AS - Expense Ratio Comparison

WPEA.PA has a 0.25% expense ratio, which is higher than CEMU.AS's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

WPEA.PA

iShares MSCI World Swap PEA UCITS ETF

CEMU.AS

iShares Core MSCI EMU UCITS ETF EUR (Acc)

Return for Risk

WPEA.PA vs. CEMU.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WPEA.PA

WPEA.PA Risk / Return Rank: 59
WPEA.PA Sharpe Ratio Rank: 38
WPEA.PA Sortino Ratio Rank: 35
WPEA.PA Omega Ratio Rank: 39
WPEA.PA Calmar Ratio Rank: 92
WPEA.PA Martin Ratio Rank: 92

CEMU.AS

CEMU.AS Risk / Return Rank: 58
CEMU.AS Sharpe Ratio Rank: 46
CEMU.AS Sortino Ratio Rank: 43
CEMU.AS Omega Ratio Rank: 44
CEMU.AS Calmar Ratio Rank: 80
CEMU.AS Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WPEA.PA vs. CEMU.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) and iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS). 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.

	WPEA.PA	CEMU.AS	Difference
Sharpe ratio Return per unit of total volatility	0.74	0.89	-0.15
Sortino ratio Return per unit of downside risk	1.08	1.26	-0.17
Omega ratio Gain probability vs. loss probability	1.17	1.18	-0.02
Calmar ratio Return relative to maximum drawdown	3.60	2.40	+1.20
Martin ratio Return relative to average drawdown	13.91	9.37	+4.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WPEA.PA vs. CEMU.AS - Sharpe Ratio Comparison

The current WPEA.PA Sharpe Ratio is 0.74, which is comparable to the CEMU.AS Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of WPEA.PA and CEMU.AS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WPEA.PA	CEMU.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	0.89	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.46	+0.20

Correlation

The correlation between WPEA.PA and CEMU.AS is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

WPEA.PA vs. CEMU.AS - Dividend Comparison

Neither WPEA.PA nor CEMU.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

WPEA.PA vs. CEMU.AS - Drawdown Comparison

The maximum WPEA.PA drawdown since its inception was -21.59%, smaller than the maximum CEMU.AS drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for WPEA.PA and CEMU.AS.

Drawdown Indicators

	WPEA.PA	CEMU.AS	Difference
Max Drawdown Largest peak-to-trough decline	-21.59%	-38.38%	+16.79%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	-12.31%	-0.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.51%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.38%	—
Current Drawdown Current decline from peak	-4.07%	-6.14%	+2.07%
Average Drawdown Average peak-to-trough decline	-3.23%	-6.30%	+3.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.61%	-0.92%

Volatility

WPEA.PA vs. CEMU.AS - Volatility Comparison

The current volatility for iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) is 4.31%, while iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) has a volatility of 6.33%. This indicates that WPEA.PA experiences smaller price fluctuations and is considered to be less risky than CEMU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WPEA.PA	CEMU.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	6.33%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	8.26%	10.11%	-1.85%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	16.06%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.87%	15.92%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.87%	17.02%	-2.15%