AE5B.DE vs. IMEU.AS

Last updated Jun 5, 2026

AE5B.DE (Amundi MSCI Europe Climate Action UCITS ETF Dist) and IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) are both Europe Equities funds - AE5B.DE tracks the MSCI Europe Climate Action while IMEU.AS tracks the MSCI Europe NR EUR. Both are passively managed. Over the past year, AE5B.DE returned 12.32% vs 16.05% for IMEU.AS. With a 0.96 correlation, they move nearly in lockstep. AE5B.DE charges 0.09%/yr vs 1.00%/yr for IMEU.AS.

Performance

AE5B.DE vs. IMEU.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.DE) and iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AE5B.DE achieves a 5.29% return, which is significantly lower than IMEU.AS's 7.51% return.

AE5B.DE

• 1D: 0.62%
• 1M: 2.96%
• YTD: 5.29%
• 6M: 7.80%
• 1Y: 12.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IMEU.AS

• 1D: 0.58%
• 1M: 3.43%
• YTD: 7.51%
• 6M: 9.86%
• 1Y: 16.05%
• 3Y*: 13.72%
• 5Y*: 9.98%
• 10Y*: 9.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AE5B.DE vs. IMEU.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AE5B.DE Amundi MSCI Europe Climate Action UCITS ETF Dist	5.29%	16.59%	7.50%	3.40%
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist)	7.51%	19.89%	8.97%	3.69%

Correlation

The correlation between AE5B.DE and IMEU.AS is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jun 16, 2023	0.96

The correlation between AE5B.DE and IMEU.AS has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

AE5B.DE vs. IMEU.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AE5B.DE

AE5B.DE Risk / Return Rank: 26
AE5B.DE Sharpe Ratio Rank: 26
AE5B.DE Sortino Ratio Rank: 26
AE5B.DE Omega Ratio Rank: 26
AE5B.DE Calmar Ratio Rank: 25
AE5B.DE Martin Ratio Rank: 28

IMEU.AS

IMEU.AS Risk / Return Rank: 36
IMEU.AS Sharpe Ratio Rank: 35
IMEU.AS Sortino Ratio Rank: 36
IMEU.AS Omega Ratio Rank: 37
IMEU.AS Calmar Ratio Rank: 34
IMEU.AS Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AE5B.DE vs. IMEU.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.DE) and iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS). 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.

	AE5B.DE	IMEU.AS	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.25	-0.33
Sortino ratio: Return per unit of downside risk	1.41	1.84	-0.44
Omega ratio: Gain probability vs. loss probability	1.17	1.24	-0.06
Calmar ratio: Return relative to maximum drawdown	1.17	1.67	-0.50
Martin ratio: Return relative to average drawdown	3.95	6.28	-2.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AE5B.DE vs. IMEU.AS - Sharpe Ratio Comparison

The current AE5B.DE Sharpe Ratio is 0.92, which is comparable to the IMEU.AS Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of AE5B.DE and IMEU.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AE5B.DE	IMEU.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	1.25	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.30	+0.52

Drawdowns

AE5B.DE vs. IMEU.AS - Drawdown Comparison

The maximum AE5B.DE drawdown since its inception was -16.86%, smaller than the maximum IMEU.AS drawdown of -57.85%. Use the drawdown chart below to compare losses from any high point for AE5B.DE and IMEU.AS.

Drawdown Indicators

	AE5B.DE	IMEU.AS	Difference
Max Drawdown Largest peak-to-trough decline	-16.86%	-57.85%	+40.99%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-9.49%	-1.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.73%	—
Current Drawdown Current decline from peak	-1.65%	-1.65%	0.00%
Average Drawdown Average peak-to-trough decline	-2.57%	-11.91%	+9.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.53%	+0.58%

Volatility

AE5B.DE vs. IMEU.AS - Volatility Comparison

The current volatility for Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.DE) is 3.86%, while iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) has a volatility of 4.39%. This indicates that AE5B.DE experiences smaller price fluctuations and is considered to be less risky than IMEU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AE5B.DE	IMEU.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	4.39%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	10.54%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	13.37%	12.70%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.34%	14.05%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.34%	15.55%	-2.21%

AE5B.DE vs. IMEU.AS - Expense Ratio Comparison

AE5B.DE has a 0.09% expense ratio, which is lower than IMEU.AS's 1.00% expense ratio.

Dividends

AE5B.DE vs. IMEU.AS - Dividend Comparison

AE5B.DE's dividend yield for the trailing twelve months is around 2.16%, less than IMEU.AS's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AE5B.DE Amundi MSCI Europe Climate Action UCITS ETF Dist	2.16%	2.28%	2.68%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist)	2.54%	2.55%	2.87%	2.88%	2.93%	2.25%	2.08%	3.06%	3.23%	2.64%	2.85%	2.67%

Frequently Asked Questions

Can I hold both AE5B.DE and IMEU.AS in my portfolio?

With a correlation of 0.97, AE5B.DE and IMEU.AS 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.

Which ETF is better, AE5B.DE or IMEU.AS?

On fees, AE5B.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AE5B.DE or IMEU.AS?

AE5B.DE is cheaper with a 0.09% expense ratio, compared with 1.00% for IMEU.AS.

What is the main difference between AE5B.DE and IMEU.AS?

AE5B.DE tracks MSCI Europe Climate Action, while IMEU.AS tracks MSCI Europe NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.09% for AE5B.DE and 1.00% for IMEU.AS.