XSX6.DE vs. CEMS.DE
XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - XSX6.DE tracks the STOXX® Europe 600 while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, XSX6.DE returned 9.14%/yr vs 10.71%/yr for CEMS.DE. Their correlation of 0.93 suggests significant overlap in exposure. XSX6.DE charges 0.20%/yr vs 0.25%/yr for CEMS.DE.
Performance
XSX6.DE vs. CEMS.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XSX6.DE achieves a 7.40% return, which is significantly lower than CEMS.DE's 13.72% return. Over the past 10 years, XSX6.DE has underperformed CEMS.DE with an annualized return of 9.14%, while CEMS.DE has yielded a comparatively higher 10.71% annualized return.
XSX6.DE
- 1D
- 0.59%
- 1M
- 0.87%
- YTD
- 7.40%
- 6M
- 10.04%
- 1Y
- 16.19%
- 3Y*
- 13.95%
- 5Y*
- 9.70%
- 10Y*
- 9.14%
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%
XSX6.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 7.40% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
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 XSX6.DE and CEMS.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.93 |
The correlation between XSX6.DE and CEMS.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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
XSX6.DE vs. CEMS.DE — Risk / Return Rank
XSX6.DE
CEMS.DE
XSX6.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers STOXX Europe 600 UCITS ETF (XSX6.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.
| XSX6.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.29 | -1.56 |
| Martin ratioReturn relative to average drawdown | 6.55 | 12.37 | -5.81 |
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
| XSX6.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.37 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.94 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.61 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.49 | +0.11 |
Drawdowns
XSX6.DE vs. CEMS.DE - Drawdown Comparison
The maximum XSX6.DE drawdown since its inception was -36.05%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for XSX6.DE and CEMS.DE.
Loading charts...
Drawdown Indicators
| XSX6.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -40.20% | +4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -9.99% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -17.57% | +1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -19.55% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | -40.20% | +4.15% |
Current DrawdownCurrent decline from peak | -1.56% | -1.26% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -7.49% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.66% | -0.16% |
Volatility
XSX6.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) is 4.26%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that XSX6.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.
Loading charts...
Volatility by Period
| XSX6.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 4.65% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 11.17% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 13.87% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 15.23% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 17.43% | -1.82% |
XSX6.DE vs. CEMS.DE - Expense Ratio Comparison
XSX6.DE has a 0.20% 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
XSX6.DE vs. CEMS.DE - Dividend Comparison
Neither XSX6.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XSX6.DE and CEMS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XSX6.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSX6.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CEMS.DE.
XSX6.DE tracks STOXX® Europe 600, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XSX6.DE and 0.25% for CEMS.DE.
Find the right allocation for XSX6.DE and CEMS.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