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XEYX.DE vs. CEMT.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEYX.DE vs. CEMT.DE

Last updated Jun 5, 2026

XEYX.DE (BNP Paribas Easy CAC 40 ESG UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - XEYX.DE tracks the CAC 40® ESG while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 3 years, XEYX.DE returned 7.15%/yr vs 9.41%/yr for CEMT.DE. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

XEYX.DE vs. CEMT.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy CAC 40 ESG UCITS ETF (XEYX.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

XEYX.DE

1D
1.35%
1M
3.96%
YTD
0.36%
6M
0.76%
1Y
4.88%
3Y*
7.15%
5Y*
—
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEYX.DE vs. CEMT.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XEYX.DE
BNP Paribas Easy CAC 40 ESG UCITS ETF		0.36%15.20%2.43%20.02%-9.59%9.61%
CEMT.DE
iShares Edge MSCI Europe Size Factor UCITS ETF		0.00%17.53%5.08%14.19%-18.24%6.00%

Correlation

The correlation between XEYX.DE and CEMT.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.43

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2021

0.80

Over the past year, the correlation between XEYX.DE and CEMT.DE has dropped to 0.43 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

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BNP Paribas Easy CAC 40 ESG UCITS ETF

iShares Edge MSCI Europe Size Factor UCITS ETF

Often compared with XEYX.DE:
XEYX.DE vs. ESEE.DEXEYX.DE vs. ^NDXXEYX.DE vs. ASRE.DEXEYX.DE vs. ELFC.DEXEYX.DE vs. EMEC.DEXEYX.DE vs. EMWE.DEXEYX.DE vs. ESEA.DE
Often compared with CEMT.DE:
CEMT.DE vs. LYY0.DECEMT.DE vs. IBC0.DECEMT.DE vs. ZPRX.DECEMT.DE vs. QDVC.DECEMT.DE vs. ENGW.LCEMT.DE vs. EUFM.LCEMT.DE vs. WTD7.DE

Return for Risk

XEYX.DE vs. CEMT.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEYX.DE
XEYX.DE Risk / Return Rank: 1414
Overall Rank
XEYX.DE Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
XEYX.DE Sortino Ratio Rank: 1414
Sortino Ratio Rank
XEYX.DE Omega Ratio Rank: 1313
Omega Ratio Rank
XEYX.DE Calmar Ratio Rank: 1414
Calmar Ratio Rank
XEYX.DE Martin Ratio Rank: 1414
Martin Ratio Rank
CEMT.DE
CEMT.DE Risk / Return Rank: 2626
Overall Rank
CEMT.DE Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
CEMT.DE Sortino Ratio Rank: 2121
Sortino Ratio Rank
CEMT.DE Omega Ratio Rank: 3232
Omega Ratio Rank
CEMT.DE Calmar Ratio Rank: 2424
Calmar Ratio Rank
CEMT.DE Martin Ratio Rank: 2929
Martin Ratio Rank
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.

XEYX.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy CAC 40 ESG UCITS ETF (XEYX.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.

XEYX.DECEMT.DEDifference
Sharpe ratioReturn per unit of total volatility
0.31
0.77

-0.45

Sortino ratioReturn per unit of downside risk
0.57
1.07

-0.49

Omega ratioGain probability vs. loss probability

1.07

1.21

-0.15

Calmar ratioReturn relative to maximum drawdown

0.38

1.10

-0.72

Martin ratioReturn relative to average drawdown

1.12

4.03

-2.91

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEYX.DE vs. CEMT.DE - Sharpe Ratio Comparison

The current XEYX.DE Sharpe Ratio is 0.31, which is lower than the CEMT.DE Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of XEYX.DE and CEMT.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XEYX.DECEMT.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.31

0.77

-0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.28

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.40

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.37

+0.07

Drawdowns

XEYX.DE vs. CEMT.DE - Drawdown Comparison

The maximum XEYX.DE drawdown since its inception was -23.07%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for XEYX.DE and CEMT.DE.

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Drawdown Indicators

XEYX.DECEMT.DEDifference

Max Drawdown

Largest peak-to-trough decline

-23.07%

-37.66%

+14.59%

Max Drawdown (1Y)

Largest decline over 1 year

-12.78%

-4.26%

-8.52%

Max Drawdown (3Y)

Largest decline over 3 years

-16.05%

-14.36%

-1.69%

Max Drawdown (5Y)

Largest decline over 5 years

—

-29.23%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.66%

—

Current Drawdown

Current decline from peak

-3.60%

-0.39%

-3.21%

Average Drawdown

Average peak-to-trough decline

-5.66%

-7.08%

+1.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.34%

1.16%

+3.18%

Volatility

XEYX.DE vs. CEMT.DE - Volatility Comparison

BNP Paribas Easy CAC 40 ESG UCITS ETF (XEYX.DE) has a higher volatility of 4.83% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that XEYX.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.

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Volatility by Period

XEYX.DECEMT.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.83%

0.00%

+4.83%

Volatility (6M)

Calculated over the trailing 6-month period

12.50%

0.00%

+12.50%

Volatility (1Y)

Calculated over the trailing 1-year period

15.52%

6.11%

+9.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.23%

14.61%

+2.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.23%

16.11%

+1.12%

XEYX.DE vs. CEMT.DE - Expense Ratio Comparison

Both XEYX.DE and CEMT.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XEYX.DE vs. CEMT.DE - Dividend Comparison

XEYX.DE's dividend yield for the trailing twelve months is around 2.87%, while CEMT.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021
CEMT.DE
iShares Edge MSCI Europe Size Factor UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%
XEYX.DE
BNP Paribas Easy CAC 40 ESG UCITS ETF		2.87%2.88%2.97%2.53%2.96%1.82%

Frequently Asked Questions

XEYX.DE and CEMT.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XEYX.DE and CEMT.DE have the same expense ratio: 0.25% per year.

XEYX.DE tracks CAC 40® ESG, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: BNP Paribas and iShares.

Portfolio Optimizer

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