- Issuer
- iShares
- Inception Date
- Apr 28, 2017
- Region
- Europe (Eurozone)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI EMU Net Index (EUR)
- Domicile
- Ireland
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
Share Price Chart
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Performance
0Y8Z.L Performance Chart
iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) is up 11.3% since the beginning of the year. 0Y8Z.L is currently trading at €9 per share.
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Returns By Period
iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) has returned 11.27% so far this year and 20.28% over the past 12 months.
iShares Core MSCI EMU UCITS ETF EUR (Dist)
- 1D
- -1.02%
- 1M
- -0.23%
- 6M
- 6.94%
- YTD
- 11.27%
- 1Y
- 20.28%
- 3Y*
- 15.97%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
0Y8Z.L Monthly Returns History
Based on dividend-adjusted daily data since Jul 25, 2022, 0Y8Z.L's average daily return is +0.09%, while the average monthly return is +1.23%. At this rate, an investment would double in approximately 4.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +11.6%, while the worst month was Mar 2026 at -8.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, 0Y8Z.L closed higher 52% of trading days. The best single day was Nov 17, 2022 with a return of +9.0%, while the worst single day was Aug 5, 2024 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.03% | 3.55% | -8.33% | 5.71% | 5.04% | 3.98% | -1.46% | 11.27% | |||||
| 2025 | 7.83% | 3.37% | -3.32% | 0.86% | 5.97% | -1.21% | 1.49% | 0.17% | 1.91% | 3.61% | -0.13% | 2.33% | 24.83% |
| 2024 | 2.12% | 2.71% | 4.66% | -1.48% | 2.26% | -1.62% | -1.05% | 2.61% | 0.91% | -3.14% | -1.24% | 1.88% | 8.63% |
| 2023 | 9.21% | 1.03% | -2.04% | 4.35% | -0.00% | 0.17% | 3.16% | -4.84% | -2.88% | -4.71% | 7.51% | 4.60% | 15.41% |
| 2022 | 0.00% | -2.66% | -4.10% | 11.61% | -2.92% | 1.14% |
Benchmark Metrics
iShares Core MSCI EMU UCITS ETF EUR (Dist) has an annualized alpha of 22.61%, beta of 0.14, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 25, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (73.69%) than losses (31.59%) - typical of diversified or defensive assets.
- Beta of 0.14 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 22.61%
- Beta
- 0.14
- R²
- 0.02
- Upside Capture
- 73.69%
- Downside Capture
- 31.59%
Expense Ratio
0Y8Z.L has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
0Y8Z.L ranks 51 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 0Y8Z.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 3.01 | -0.88 |
| Martin ratioReturn relative to average drawdown | 8.14 | 11.10 | -2.97 |
Dividends
Dividend History
iShares Core MSCI EMU UCITS ETF EUR (Dist) provided a 2.32% dividend yield over the last twelve months, with an annual payout of €0.20 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | €0.20 | €0.20 | €0.16 |
Dividend yield | 2.32% | 2.53% | 2.41% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Core MSCI EMU UCITS ETF EUR (Dist). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | €0.00 | €0.04 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.04 | |||||
| 2025 | €0.00 | €0.04 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.16 | €0.00 | €0.00 | €0.00 | €0.00 | €0.20 |
| 2024 | €0.16 | €0.00 | €0.00 | €0.00 | €0.00 | €0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Core MSCI EMU UCITS ETF EUR (Dist). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Core MSCI EMU UCITS ETF EUR (Dist) was 14.60%, occurring on Apr 9, 2025. Recovery took 19 trading sessions.
The current iShares Core MSCI EMU UCITS ETF EUR (Dist) drawdown is 2.77%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.60%Apr 2025 | 20d | 1mo 3d | 1mo 23dMar 2025 - May 2025 | 2025 selloff2025 |
-12.58%Oct 2023 | 2mo 16d | 3mo 5d | 5mo 21dAug 2023 - Jan 2024 | — |
-10.29%Aug 2024 | 2mo 20d | 1mo 23d | 4mo 13dMay 2024 - Sep 2024 | — |
-10.00%Mar 2026 | 25d | 1mo 26d | 2mo 21dMar 2026 - May 2026 | — |
-7.98%Oct 2022 | 1mo 18d | 1mo 1d | 2mo 19dAug 2022 - Nov 2022 | Bear market2022 |
Drawdown Indicators
| 0Y8Z.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -51.17% | +36.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -7.57% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -23.99% | +9.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -2.77% | -0.52% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -8.90% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.04% | +0.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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