- Issuer
- iShares
- Inception Date
- Oct 10, 2007
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares Europe Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
IEU.AX Performance Chart
iShares Europe ETF (AU) (IEU.AX) is up 3.7% since the beginning of the year. IEU.AX is currently trading at A$98 per share. Investors who bought A$1,000 worth of IEU.AX shares 5 years ago would now be looking at an investment worth A$1,665.
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Returns By Period
iShares Europe ETF (AU) (IEU.AX) has returned 3.65% so far this year and 9.05% over the past 12 months. Over the last ten years, IEU.AX has returned 10.65% per year, falling short of the S&P 500 Index benchmark, which averaged 14.27% annually.
iShares Europe ETF (AU)
- 1D
- 0.42%
- 1M
- 0.78%
- 6M
- 1.13%
- YTD
- 3.65%
- 1Y
- 9.05%
- 3Y*
- 13.28%
- 5Y*
- 10.74%
- 10Y*
- 10.65%
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
IEU.AX Monthly Returns History
Based on dividend-adjusted daily data since Oct 10, 2007, IEU.AX's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 59% of months were positive and 41% were negative. The best month was Jul 2008 with a return of +101.2%, while the worst month was Jan 2008 at -12.4%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.
On a daily basis, IEU.AX closed higher 51% of trading days. The best single day was Jul 16, 2008 with a return of +95.0%, while the worst single day was Jun 24, 2016 at -11.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.19% | 1.62% | -7.05% | 1.37% | 4.39% | 4.33% | -0.42% | 3.65% | |||||
| 2025 | 6.50% | 3.11% | 0.83% | 0.82% | 4.54% | 0.12% | 0.30% | 1.30% | 0.08% | 2.58% | 0.71% | 0.73% | 23.63% |
| 2024 | 3.20% | 3.08% | 3.57% | -1.42% | 1.96% | -1.85% | 3.90% | -0.62% | -0.56% | -1.14% | -2.09% | 2.23% | 10.42% |
| 2023 | 3.34% | 4.49% | 2.03% | 5.60% | -2.75% | 0.10% | 4.31% | 0.41% | -4.87% | -2.06% | 5.51% | 1.65% | 18.56% |
| 2022 | -0.53% | -8.18% | 0.38% | -2.45% | 1.39% | -6.55% | 3.17% | -2.75% | -5.07% | 10.35% | 6.25% | -0.40% | -5.75% |
| 2021 | -1.05% | 0.14% | 5.68% | 3.10% | 4.40% | 1.93% | 3.20% | 3.07% | -3.18% | -0.53% | 1.40% | 2.45% | 22.27% |
Benchmark Metrics
iShares Europe ETF (AU) has an annualized alpha of 11.87%, beta of 0.15, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 10, 2007.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.96%) than losses (83.27%) - typical of diversified or defensive assets.
- Beta of 0.15 may look defensive, but with R2 of 0.01 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 0.01 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
- 11.87%
- Beta
- 0.15
- R²
- 0.01
- Upside Capture
- 85.96%
- Downside Capture
- 83.27%
Return for Risk
Risk / Return Rank
IEU.AX ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Europe ETF (AU) (IEU.AX) 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.
| IEU.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.11 | -0.28 |
| Martin ratioReturn relative to average drawdown | 2.66 | 3.10 | -0.44 |
Dividends
Dividend History
iShares Europe ETF (AU) provided a 7.34% dividend yield over the last twelve months, with an annual payout of A$7.20 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$7.20 | A$2.01 | A$1.61 | A$2.62 | A$2.67 | A$2.19 | A$1.31 | A$3.02 | A$2.20 | A$1.24 | A$1.01 | A$1.31 |
Dividend yield | 7.34% | 1.98% | 1.92% | 3.38% | 3.95% | 2.93% | 2.07% | 4.52% | 3.95% | 2.04% | 1.88% | 2.34% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Europe ETF (AU). 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 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$7.20 | A$7.20 | |||||
| 2025 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$2.01 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$2.01 |
| 2024 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.61 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.61 |
| 2023 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$2.62 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$2.62 |
| 2022 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$2.37 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.30 | A$2.67 |
| 2021 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.51 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.69 | A$2.19 |
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 Europe ETF (AU). 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 Europe ETF (AU) was 38.80%, occurring on Sep 12, 2011. Recovery took 477 trading sessions.
The current iShares Europe ETF (AU) drawdown is 1.93%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.80%Sep 2011 | 3y 29d | 1y 10mo | 4y 11moAug 2008 - Aug 2013 | — |
-29.90%Mar 2020 | 28d | 1y 1mo | 1y 2moFeb 2020 - May 2021 | COVID crash2020 |
-22.96%Jun 2016 | 11mo 8d | 10mo 18d | 1y 9moJul 2015 - May 2017 | — |
-22.85%Jul 2008 | 6mo 21d | 1d | 6mo 22dDec 2007 - Jul 2008 | Financial crisis2007–2009 |
-21.67%Sep 2022 | 8mo 24d | 5mo 5d | 1y 1moJan 2022 - Feb 2023 | Bear market2022 |
Drawdown Indicators
| IEU.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -41.07% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.04% | -11.69% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -12.04% | -17.74% | +5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.67% | -22.01% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -29.90% | -24.71% | -5.19% |
Current DrawdownCurrent decline from peak | -1.93% | -0.60% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -11.02% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 4.20% | -0.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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