XUEK.DE vs. CEMT.DE
XUEK.DE (Xtrackers S&P Europe ex UK UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - XUEK.DE tracks the MSCI Europe Ex UK NR EUR while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, XUEK.DE returned 9.45%/yr vs 4.08%/yr for CEMT.DE. Their correlation of 0.89 suggests significant overlap in exposure. XUEK.DE charges 0.09%/yr vs 0.25%/yr for CEMT.DE.
Performance
XUEK.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
XUEK.DE
- 1D
- 0.60%
- 1M
- 1.36%
- YTD
- 7.14%
- 6M
- 9.35%
- 1Y
- 15.44%
- 3Y*
- 13.91%
- 5Y*
- 9.45%
- 10Y*
- —
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 3.97%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
XUEK.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUEK.DE Xtrackers S&P Europe ex UK UCITS ETF | 7.14% | 21.19% | 7.43% | 18.01% | -12.81% | 25.44% | 1.91% | 18.96% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 16.24% |
Correlation
The correlation between XUEK.DE and CEMT.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.89 |
Over the past year, the correlation between XUEK.DE and CEMT.DE has dropped to 0.47 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
XUEK.DE vs. CEMT.DE — Risk / Return Rank
XUEK.DE
CEMT.DE
XUEK.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.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.
| XUEK.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.10 | +0.47 |
| Martin ratioReturn relative to average drawdown | 5.68 | 4.03 | +1.65 |
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
| XUEK.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.77 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.28 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.37 | +0.29 |
Drawdowns
XUEK.DE vs. CEMT.DE - Drawdown Comparison
The maximum XUEK.DE drawdown since its inception was -34.81%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for XUEK.DE and CEMT.DE.
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Drawdown Indicators
| XUEK.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.81% | -37.66% | +2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -4.26% | -5.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -14.36% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.94% | -29.23% | +6.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -1.21% | -0.39% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -7.08% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 1.16% | +1.57% |
Volatility
XUEK.DE vs. CEMT.DE - Volatility Comparison
Xtrackers S&P Europe ex UK UCITS ETF (XUEK.DE) has a higher volatility of 4.19% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that XUEK.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
| XUEK.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 0.00% | +4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 0.00% | +11.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 6.11% | +7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 14.61% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 16.11% | +0.70% |
XUEK.DE vs. CEMT.DE - Expense Ratio Comparison
XUEK.DE has a 0.09% expense ratio, which is lower than CEMT.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
XUEK.DE vs. CEMT.DE - Dividend Comparison
XUEK.DE's dividend yield for the trailing twelve months is around 2.31%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEK.DE Xtrackers S&P Europe ex UK UCITS ETF | 2.31% | 2.41% | 2.80% | 2.57% | 4.73% | 1.40% | 2.54% |
Frequently Asked Questions
XUEK.DE and CEMT.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEK.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEK.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for CEMT.DE.
XUEK.DE tracks MSCI Europe Ex UK NR EUR, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for XUEK.DE and 0.25% for CEMT.DE.
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