XDN0.DE vs. CEMS.DE
XDN0.DE (Xtrackers MSCI Nordic UCITS ETF 1D) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - XDN0.DE tracks the MSCI Nordic Countries NR EUR while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, XDN0.DE returned 8.74%/yr vs 10.71%/yr for CEMS.DE. A 0.79 correlation means they provide meaningful diversification when combined. XDN0.DE charges 0.30%/yr vs 0.25%/yr for CEMS.DE.
Performance
XDN0.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDN0.DE achieves a 8.65% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, XDN0.DE has underperformed CEMS.DE with an annualized return of 8.74%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
XDN0.DE
- 1D
- 0.46%
- 1M
- 2.62%
- YTD
- 8.65%
- 6M
- 12.79%
- 1Y
- 11.58%
- 3Y*
- 8.43%
- 5Y*
- 5.54%
- 10Y*
- 8.74%
CEMS.DE
- 1D
- 0.10%
- 1M
- 4.58%
- YTD
- 13.72%
- 6M
- 16.86%
- 1Y
- 33.02%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
XDN0.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDN0.DE Xtrackers MSCI Nordic UCITS ETF 1D | 8.65% | 7.27% | -1.40% | 16.42% | -11.37% | 28.46% | 16.10% | 25.04% | -7.71% | 10.71% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | -8.86% | 23.48% | -14.04% | 10.16% |
Correlation
The correlation between XDN0.DE and CEMS.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.79 |
The correlation between XDN0.DE and CEMS.DE has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
XDN0.DE vs. CEMS.DE — Risk / Return Rank
XDN0.DE
CEMS.DE
XDN0.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.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.
| XDN0.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.29 | -2.19 |
| Martin ratioReturn relative to average drawdown | 2.83 | 12.37 | -9.54 |
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
| XDN0.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 2.37 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.94 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.61 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.49 | +0.02 |
Drawdowns
XDN0.DE vs. CEMS.DE - Drawdown Comparison
The maximum XDN0.DE drawdown since its inception was -32.67%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for XDN0.DE and CEMS.DE.
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Drawdown Indicators
| XDN0.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.67% | -40.20% | +7.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -9.99% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -26.41% | -17.57% | -8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -26.41% | -19.55% | -6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -32.67% | -40.20% | +7.53% |
Current DrawdownCurrent decline from peak | -1.63% | -1.26% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -7.49% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 2.66% | +1.43% |
Volatility
XDN0.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) is 4.36%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that XDN0.DE experiences smaller price fluctuations and is considered to be less risky than CEMS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDN0.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.65% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 11.17% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 13.87% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 15.23% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 17.43% | -0.35% |
XDN0.DE vs. CEMS.DE - Expense Ratio Comparison
XDN0.DE has a 0.30% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
XDN0.DE vs. CEMS.DE - Dividend Comparison
XDN0.DE's dividend yield for the trailing twelve months is around 2.49%, while CEMS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value 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% |
XDN0.DE Xtrackers MSCI Nordic UCITS ETF 1D | 2.49% | 2.84% | 2.76% | 2.54% | 4.77% | 1.05% | 4.85% | 4.09% | 1.09% | 2.45% | 1.64% |
Frequently Asked Questions
XDN0.DE and CEMS.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XDN0.DE.
XDN0.DE tracks MSCI Nordic Countries NR EUR, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XDN0.DE and 0.25% for CEMS.DE.
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