36B3.DE vs. VGEU.DE
36B3.DE (iShares MSCI Europe SRI UCITS ETF EUR Dist) and VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) are both Europe Equities funds - 36B3.DE tracks the MSCI Europe SRI Select Reduced Fossil Fuels while VGEU.DE tracks the FTSE Developed Europe. Both are passively managed. Over the past 5 years, 36B3.DE returned 5.39%/yr vs 9.90%/yr for VGEU.DE. With a 0.95 correlation, they move nearly in lockstep. 36B3.DE charges 0.20%/yr vs 0.10%/yr for VGEU.DE.
Performance
36B3.DE vs. VGEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B3.DE achieves a 6.64% return, which is significantly lower than VGEU.DE's 7.29% return.
36B3.DE
- 1D
- 0.84%
- 1M
- 1.55%
- YTD
- 6.64%
- 6M
- 8.49%
- 1Y
- 5.53%
- 3Y*
- 7.06%
- 5Y*
- 5.39%
- 10Y*
- —
VGEU.DE
- 1D
- 0.50%
- 1M
- 0.90%
- YTD
- 7.29%
- 6M
- 9.88%
- 1Y
- 16.08%
- 3Y*
- 14.08%
- 5Y*
- 9.90%
- 10Y*
- 9.61%
36B3.DE vs. VGEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B3.DE iShares MSCI Europe SRI UCITS ETF EUR Dist | 6.64% | 3.96% | 5.27% | 16.63% | -15.19% | 26.68% | 3.90% | 18.99% |
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 7.29% | 20.52% | 8.94% | 16.01% | -9.86% | 24.89% | -2.75% | 15.32% |
Correlation
The correlation between 36B3.DE and VGEU.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.95 |
The correlation between 36B3.DE and VGEU.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
36B3.DE vs. VGEU.DE — Risk / Return Rank
36B3.DE
VGEU.DE
36B3.DE vs. VGEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF EUR Dist (36B3.DE) and Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.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.
| 36B3.DE | VGEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.69 | -1.14 |
| Martin ratioReturn relative to average drawdown | 1.42 | 6.33 | -4.91 |
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
| 36B3.DE | VGEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 1.26 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.68 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.56 | -0.04 |
Drawdowns
36B3.DE vs. VGEU.DE - Drawdown Comparison
The maximum 36B3.DE drawdown since its inception was -33.57%, smaller than the maximum VGEU.DE drawdown of -35.59%. Use the drawdown chart below to compare losses from any high point for 36B3.DE and VGEU.DE.
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Drawdown Indicators
| 36B3.DE | VGEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -35.59% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -9.59% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.87% | -16.46% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -20.11% | -3.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.59% | — |
Current DrawdownCurrent decline from peak | -0.82% | -1.53% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -5.03% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 2.56% | +1.26% |
Volatility
36B3.DE vs. VGEU.DE - Volatility Comparison
iShares MSCI Europe SRI UCITS ETF EUR Dist (36B3.DE) and Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) have volatilities of 4.30% and 4.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B3.DE | VGEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 4.29% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 10.60% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 12.81% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 14.35% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 16.34% | +0.01% |
36B3.DE vs. VGEU.DE - Expense Ratio Comparison
36B3.DE has a 0.20% expense ratio, which is higher than VGEU.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36B3.DE vs. VGEU.DE - Dividend Comparison
36B3.DE's dividend yield for the trailing twelve months is around 1.98%, less than VGEU.DE's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36B3.DE iShares MSCI Europe SRI UCITS ETF EUR Dist | 1.98% | 2.13% | 2.45% | 2.46% | 2.63% | 1.80% | 1.65% | 2.58% | 0.00% | 0.00% | 0.00% | 0.00% |
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 2.60% | 2.79% | 3.07% | 2.99% | 3.31% | 2.65% | 2.23% | 3.22% | 3.65% | 3.04% | 3.20% | 3.11% |
Frequently Asked Questions
With a correlation of 0.93, 36B3.DE and VGEU.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGEU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEU.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for 36B3.DE.
36B3.DE tracks MSCI Europe SRI Select Reduced Fossil Fuels, while VGEU.DE tracks FTSE Developed Europe. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for 36B3.DE and 0.10% for VGEU.DE.
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