^AEX vs. URTH
^AEX (AEX Index) is an index, while URTH (iShares MSCI World ETF) is Global Equities fund tracking the MSCI World Index (Net). Over the past 10 years, ^AEX returned 9.65%/yr vs 13.34%/yr for URTH. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
^AEX vs. URTH - Performance Comparison
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Different Trading Currencies
^AEX is traded in EUR, while URTH is traded in USD. To make them comparable, the URTH values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ^AEX having a 11.99% return and URTH slightly lower at 11.61%. Over the past 10 years, ^AEX has underperformed URTH with an annualized return of 9.65%, while URTH has yielded a comparatively higher 13.34% annualized return.
^AEX
- 1D
- -0.03%
- 1M
- 2.22%
- YTD
- 11.99%
- 6M
- 13.17%
- 1Y
- 16.07%
- 3Y*
- 12.08%
- 5Y*
- 7.76%
- 10Y*
- 9.65%
URTH
- 1D
- 0.08%
- 1M
- 0.63%
- YTD
- 11.61%
- 6M
- 10.75%
- 1Y
- 24.86%
- 3Y*
- 18.08%
- 5Y*
- 12.30%
- 10Y*
- 13.34%
^AEX vs. URTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^AEX AEX Index | 11.99% | 8.27% | 11.67% | 14.20% | -13.65% | 27.75% | 3.31% | 23.92% | -10.41% | 12.71% |
URTH iShares MSCI World ETF | 11.61% | 6.96% | 26.49% | 20.23% | -12.88% | 31.42% | 6.24% | 31.04% | -4.27% | 7.84% |
Correlation
The correlation between ^AEX and URTH is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.51 |
The correlation between ^AEX and URTH has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.
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Return for Risk
^AEX vs. URTH — Risk / Return Rank
^AEX
URTH
^AEX vs. URTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AEX Index (^AEX) and iShares MSCI World ETF (URTH). 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.
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.
| ^AEX | URTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.39 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.81 | -1.60 |
| Martin ratioReturn relative to average drawdown | 5.82 | 15.56 | -9.74 |
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Drawdowns
^AEX vs. URTH - Drawdown Comparison
The maximum ^AEX drawdown since its inception was -71.60%, which is greater than URTH's maximum drawdown of -33.45%. Use the drawdown chart below to compare losses from any high point for ^AEX and URTH.
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Drawdown Indicators
| ^AEX | URTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.60% | -33.45% | -38.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -6.56% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -20.94% | +4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.80% | -20.94% | -2.86% |
Max Drawdown (10Y)Largest decline over 10 years | -35.78% | -33.45% | -2.33% |
Current DrawdownCurrent decline from peak | -1.62% | -1.00% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -25.64% | -4.09% | -21.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.60% | +0.99% |
Volatility
^AEX vs. URTH - Volatility Comparison
The current volatility for AEX Index (^AEX) is 3.44%, while iShares MSCI World ETF (URTH) has a volatility of 3.76%. This indicates that ^AEX experiences smaller price fluctuations and is considered to be less risky than URTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^AEX | URTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.76% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 9.09% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 12.05% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 15.43% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 17.20% | -1.15% |
Frequently Asked Questions
^AEX and URTH have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URTH has higher volatility (3.76%) compared to ^AEX (3.44%). In terms of maximum drawdown, ^AEX dropped -71.60% vs URTH's -33.45%.
URTH currently has the higher Sharpe Ratio (2.07 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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