- ISIN
- US4642878619
- CUSIP
- 464287861
- Issuer
- iShares
- Inception Date
- Jul 25, 2000
- Region
- Developed Europe (Broad)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Europe 350 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
IEV Performance Chart
iShares Europe ETF (IEV) is up 7.4% since the beginning of the year. IEV is currently trading at $72 per share. Investors who bought $1,000 worth of IEV shares 5 years ago would now be looking at an investment worth $1,563.
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Returns By Period
iShares Europe ETF (IEV) has returned 7.36% so far this year and 21.69% over the past 12 months. Over the last ten years, IEV has returned 10.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Europe ETF
- 1D
- -0.04%
- 1M
- 1.28%
- YTD
- 7.36%
- 6M
- 7.91%
- 1Y
- 21.69%
- 3Y*
- 16.78%
- 5Y*
- 9.34%
- 10Y*
- 10.28%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IEV Monthly Returns History
Based on dividend-adjusted daily data since Jul 28, 2000, IEV's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +16.3%, while the worst month was Oct 2008 at -21.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IEV closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +13.8%, while the worst single day was Mar 12, 2020 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.56% | 3.03% | -8.06% | 5.52% | 1.98% | 0.73% | 7.36% | ||||||
| 2025 | 6.40% | 4.75% | 0.31% | 3.59% | 4.93% | 1.78% | -2.43% | 3.78% | 2.25% | 0.66% | 1.64% | 3.54% | 35.63% |
| 2024 | -0.93% | 2.50% | 3.71% | -2.37% | 5.94% | -2.81% | 2.12% | 4.06% | 0.14% | -5.66% | -1.80% | -2.87% | 1.36% |
| 2023 | 9.52% | -2.00% | 2.90% | 4.26% | -5.20% | 4.51% | 2.49% | -3.80% | -4.21% | -3.06% | 9.44% | 5.10% | 20.14% |
| 2022 | -3.03% | -4.95% | 0.22% | -6.17% | 2.69% | -9.53% | 4.75% | -7.09% | -9.17% | 8.29% | 13.45% | -1.95% | -14.24% |
| 2021 | -1.44% | 2.90% | 3.37% | 4.50% | 4.61% | -1.40% | 1.59% | 1.44% | -5.12% | 5.08% | -4.67% | 5.46% | 16.73% |
Benchmark Metrics
iShares Europe ETF has an annualized alpha of -0.41%, beta of 0.98, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since July 28, 2000.
- This ETF participated in 104.37% of S&P 500 Index downside but only 98.71% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.98 and R2 of 0.71, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.41%
- Beta
- 0.98
- R²
- 0.71
- Upside Capture
- 98.71%
- Downside Capture
- 104.37%
Expense Ratio
IEV has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IEV ranks 39 for risk / return — below 39% 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 (IEV) 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.
| IEV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.78 | -1.01 |
| Martin ratioReturn relative to average drawdown | 6.47 | 12.44 | -5.97 |
Dividends
Dividend History
iShares Europe ETF provided a 2.81% dividend yield over the last twelve months, with an annual payout of $2.03 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.03 | $1.87 | $1.62 | $1.46 | $1.39 | $1.53 | $0.84 | $1.44 | $1.34 | $1.13 | $1.20 | $1.13 |
Dividend yield | 2.81% | 2.73% | 3.10% | 2.77% | 3.06% | 2.81% | 1.76% | 3.06% | 3.43% | 2.39% | 3.08% | 2.81% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Europe ETF. 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 | $0.00 | $0.00 | $0.00 | $0.00 | $1.28 | $1.28 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $1.87 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $1.62 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $1.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $1.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $1.53 |
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. 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 was 63.27%, occurring on Mar 9, 2009. Recovery took 1320 trading sessions.
The current iShares Europe ETF drawdown is 0.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -63.27%Mar 2009 | 1y 4mo | 5y 2mo | 6y 7moNov 2007 - Jun 2014 |
2003 bear market2003 | -48.20%Mar 2003 | 2y 6mo | 1y 9mo | 4y 3moSep 2000 - Dec 2004 |
COVID crash2020 | -36.62%Mar 2020 | 2y 1mo | 8mo 18d | 2y 10moJan 2018 - Dec 2020 |
Bear market2022 | -30.60%Sep 2022 | 10mo 27d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
2016 bear market2016 | -26.02%Feb 2016 | 1y 7mo | 1y 5mo | 3y 14dJul 2014 - Jul 2017 |
Drawdown Indicators
| IEV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.27% | -56.78% | -6.49% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -9.10% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -18.90% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | -25.43% | -5.17% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -33.92% | -2.70% |
Current DrawdownCurrent decline from peak | -0.95% | -1.80% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -15.02% | -10.71% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 2.03% | +1.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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