XNZE.DE vs. CEMS.DE
XNZE.DE (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - XNZE.DE tracks the MSCI EMU NR EUR while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 3 years, XNZE.DE returned 11.48%/yr vs 21.63%/yr for CEMS.DE. Their correlation of 0.85 suggests significant overlap in exposure. XNZE.DE charges 0.15%/yr vs 0.25%/yr for CEMS.DE.
Performance
XNZE.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNZE.DE achieves a 9.92% return, which is significantly lower than CEMS.DE's 13.72% return.
XNZE.DE
- 1D
- 0.62%
- 1M
- 4.62%
- YTD
- 9.92%
- 6M
- 10.75%
- 1Y
- 14.11%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
CEMS.DE
- 1D
- 0.10%
- 1M
- 2.64%
- YTD
- 13.72%
- 6M
- 16.98%
- 1Y
- 32.08%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
XNZE.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XNZE.DE Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C | 9.92% | 13.33% | 5.47% | 20.66% | -1.63% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | 0.59% |
Correlation
The correlation between XNZE.DE and CEMS.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2022 | 0.85 |
The correlation between XNZE.DE and CEMS.DE has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
XNZE.DE vs. CEMS.DE — Risk / Return Rank
XNZE.DE
CEMS.DE
XNZE.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.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.
| XNZE.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.43 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.29 | -2.04 |
| Martin ratioReturn relative to average drawdown | 4.26 | 12.37 | -8.10 |
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
| XNZE.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.37 | -1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.49 | +0.16 |
Drawdowns
XNZE.DE vs. CEMS.DE - Drawdown Comparison
The maximum XNZE.DE drawdown since its inception was -18.68%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for XNZE.DE and CEMS.DE.
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Drawdown Indicators
| XNZE.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -40.20% | +21.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -9.99% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -17.57% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -0.34% | -1.26% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -7.49% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.66% | +0.71% |
Volatility
XNZE.DE vs. CEMS.DE - Volatility Comparison
Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.DE) has a higher volatility of 5.15% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 4.65%. This indicates that XNZE.DE's price experiences larger fluctuations and is considered to be riskier 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
| XNZE.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 4.65% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 11.17% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 13.87% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 15.23% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 17.43% | -0.59% |
XNZE.DE vs. CEMS.DE - Expense Ratio Comparison
XNZE.DE has a 0.15% expense ratio, which is lower than CEMS.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
XNZE.DE vs. CEMS.DE - Dividend Comparison
Neither XNZE.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZE.DE and CEMS.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNZE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNZE.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CEMS.DE.
XNZE.DE tracks MSCI EMU NR EUR, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: DWS and iShares. Their fees differ too: 0.15% for XNZE.DE and 0.25% for CEMS.DE.
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