XZEU.DE vs. CEMT.DE
XZEU.DE (Xtrackers MSCI Europe ESG UCITS ETF 1C) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - XZEU.DE tracks the MSCI Europe NR EUR while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, XZEU.DE returned 7.48%/yr vs 4.08%/yr for CEMT.DE. Their correlation of 0.87 suggests significant overlap in exposure. XZEU.DE charges 0.20%/yr vs 0.25%/yr for CEMT.DE.
Performance
XZEU.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
XZEU.DE
- 1D
- 0.87%
- 1M
- 2.59%
- YTD
- 5.81%
- 6M
- 8.13%
- 1Y
- 5.92%
- 3Y*
- 10.08%
- 5Y*
- 7.48%
- 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%
XZEU.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XZEU.DE Xtrackers MSCI Europe ESG UCITS ETF 1C | 5.81% | 8.12% | 11.56% | 16.38% | -13.12% | 25.64% | 0.09% | 29.10% | -11.34% |
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% | -16.66% |
Correlation
The correlation between XZEU.DE and CEMT.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 14, 2018 | 0.87 |
Over the past year, the correlation between XZEU.DE and CEMT.DE has dropped to 0.46 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
XZEU.DE vs. CEMT.DE — Risk / Return Rank
XZEU.DE
CEMT.DE
XZEU.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.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.
| XZEU.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.21 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.10 | -0.51 |
| Martin ratioReturn relative to average drawdown | 1.87 | 4.03 | -2.17 |
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
| XZEU.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.77 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.28 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.37 | +0.12 |
Drawdowns
XZEU.DE vs. CEMT.DE - Drawdown Comparison
The maximum XZEU.DE drawdown since its inception was -33.18%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for XZEU.DE and CEMT.DE.
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Drawdown Indicators
| XZEU.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.18% | -37.66% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -4.26% | -6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.97% | -14.36% | -2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.04% | -29.23% | +7.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -0.84% | -0.39% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -7.08% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 1.16% | +2.07% |
Volatility
XZEU.DE vs. CEMT.DE - Volatility Comparison
Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.DE) has a higher volatility of 4.45% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that XZEU.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
| XZEU.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 0.00% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 0.00% | +11.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.62% | 6.11% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 14.61% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 16.11% | -0.15% |
XZEU.DE vs. CEMT.DE - Expense Ratio Comparison
XZEU.DE has a 0.20% 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
XZEU.DE vs. CEMT.DE - Dividend Comparison
Neither XZEU.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
XZEU.DE and CEMT.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZEU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEU.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CEMT.DE.
XZEU.DE tracks MSCI Europe 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: 0.20% for XZEU.DE and 0.25% for CEMT.DE.
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