XESP.DE vs. CEMT.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 4.08%/yr for CEMT.DE. A 0.75 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.25%/yr for CEMT.DE.
Performance
XESP.DE vs. CEMT.DE - Performance Comparison
Loading charts...
Returns By Period
XESP.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 7.33%
- 6M
- 11.53%
- 1Y
- 35.86%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
XESP.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -12.41% | -1.69% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 4.18% |
Correlation
The correlation between XESP.DE and CEMT.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.75 |
Over the past year, the correlation between XESP.DE and CEMT.DE has dropped to 0.35 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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
XESP.DE vs. CEMT.DE — Risk / Return Rank
XESP.DE
CEMT.DE
XESP.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESP.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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.
| XESP.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.10 | +2.41 |
| Martin ratioReturn relative to average drawdown | 12.31 | 4.03 | +8.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XESP.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.77 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.28 | +0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.37 | +0.18 |
Drawdowns
XESP.DE vs. CEMT.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for XESP.DE and CEMT.DE.
Loading charts...
Drawdown Indicators
| XESP.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -37.66% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -4.26% | -5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -14.36% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -29.23% | +10.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.39% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -7.08% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.16% | +1.75% |
Volatility
XESP.DE vs. CEMT.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.48% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XESP.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 0.00% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 0.00% | +14.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 6.11% | +10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 14.61% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 16.11% | +2.67% |
XESP.DE vs. CEMT.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
XESP.DE vs. CEMT.DE - Dividend Comparison
Neither XESP.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
XESP.DE and CEMT.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XESP.DE.
XESP.DE tracks Solactive Spain 40, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XESP.DE and 0.25% for CEMT.DE.
Find the right allocation for XESP.DE and CEMT.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