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BBEU vs. IEUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BBEU vs. IEUR

Last updated Jun 26, 2026

BBEU (JPMorgan BetaBuilders Europe ETF) and IEUR (iShares Core MSCI Europe ETF) are both Europe Equities funds - BBEU tracks the Morningstar Developed Europe Target Market Exposure Index while IEUR tracks the MSCI Europe Investable Market Index. Both are passively managed. Over the past 5 years, BBEU returned 9.24%/yr vs 8.51%/yr for IEUR. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.09% expense ratio.

Performance

BBEU vs. IEUR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Europe ETF (BBEU) and iShares Core MSCI Europe ETF (IEUR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with BBEU having a 7.17% return and IEUR slightly lower at 7.09%.

BBEU

1D
1.13%
1M
-0.15%
YTD
7.17%
6M
7.04%
1Y
20.01%
3Y*
17.18%
5Y*
9.24%
10Y*
—

IEUR

1D
1.02%
1M
-0.44%
YTD
7.09%
6M
6.99%
1Y
18.56%
3Y*
16.80%
5Y*
8.51%
10Y*
10.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BBEU vs. IEUR - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BBEU
JPMorgan BetaBuilders Europe ETF		7.17%36.37%1.85%20.31%-14.72%17.50%5.00%23.96%-13.25%
IEUR
iShares Core MSCI Europe ETF		7.09%35.67%1.40%19.71%-15.90%16.71%5.31%24.95%-14.61%

Correlation

The correlation between BBEU and IEUR is 0.99 - 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

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Jun 18, 2018

0.99

The correlation between BBEU and IEUR has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

BBEU vs. IEUR - Sectors Allocation Comparison

Sectors
BBEU
IEUR

Financial Services

24.0%
22.5%

Industrials

19.2%
20.3%

Healthcare

13.1%
12.5%

Technology

9.4%
9.4%

Consumer Defensive

8.8%
7.7%

Consumer Cyclical

6.4%
7.0%

Basic Materials

5.8%
5.8%

Energy

5.3%
4.9%

Utilities

4.6%
4.4%

Communication Services

3.0%
3.9%

Real Estate

0.5%
1.5%

Financial Services

BBEU
24.0%
IEUR
22.5%

Industrials

BBEU
19.2%
IEUR
20.3%

Healthcare

BBEU
13.1%
IEUR
12.5%

Technology

BBEU
9.4%
IEUR
9.4%

Consumer Defensive

BBEU
8.8%
IEUR
7.7%

Consumer Cyclical

BBEU
6.4%
IEUR
7.0%

Basic Materials

BBEU
5.8%
IEUR
5.8%

Energy

BBEU
5.3%
IEUR
4.9%

Utilities

BBEU
4.6%
IEUR
4.4%

Communication Services

BBEU
3.0%
IEUR
3.9%

Real Estate

BBEU
0.5%
IEUR
1.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan BetaBuilders Europe ETF

iShares Core MSCI Europe ETF

Often compared with BBEU:
BBEU vs. BBAXBBEU vs. SCHDBBEU vs. SCHYBBEU vs. TTAIBBEU vs. VOOBBEU vs. FSPSXBBEU vs. ^GSPC
Often compared with IEUR:
IEUR vs. VGKIEUR vs. IEVIEUR vs. FEZIEUR vs. IMEU.LIEUR vs. EZUIEUR vs. VOOIEUR vs. EFA

Return for Risk

BBEU vs. IEUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BBEU
BBEU Risk / Return Rank: 3939
Overall Rank
BBEU Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
BBEU Sortino Ratio Rank: 4040
Sortino Ratio Rank
BBEU Omega Ratio Rank: 3838
Omega Ratio Rank
BBEU Calmar Ratio Rank: 3636
Calmar Ratio Rank
BBEU Martin Ratio Rank: 4242
Martin Ratio Rank
IEUR
IEUR Risk / Return Rank: 3737
Overall Rank
IEUR Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IEUR Sortino Ratio Rank: 3737
Sortino Ratio Rank
IEUR Omega Ratio Rank: 3535
Omega Ratio Rank
IEUR Calmar Ratio Rank: 3434
Calmar Ratio Rank
IEUR Martin Ratio Rank: 4141
Martin Ratio Rank
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.

BBEU vs. IEUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and iShares Core MSCI Europe ETF (IEUR). 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.

BBEUIEURDifference
Sharpe ratioReturn per unit of total volatility
1.27
1.19

+0.08

Sortino ratioReturn per unit of downside risk
1.86
1.76

+0.10

Omega ratioGain probability vs. loss probability

1.23

1.21

+0.01

Calmar ratioReturn relative to maximum drawdown

1.64

1.55

+0.09

Martin ratioReturn relative to average drawdown

6.09

5.80

+0.29

BBEU vs. IEUR - Sharpe Ratio Comparison

The current BBEU Sharpe Ratio is 1.27, which is comparable to the IEUR Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of BBEU and IEUR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BBEU vs. IEUR - Drawdown Comparison

The maximum BBEU drawdown since its inception was -36.27%, roughly equal to the maximum IEUR drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for BBEU and IEUR.

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Drawdown Indicators

BBEUIEURDifference

Max Drawdown

Largest peak-to-trough decline

-36.27%

-36.96%

+0.69%

Max Drawdown (1Y)

Largest decline over 1 year

-12.23%

-12.04%

-0.19%

Max Drawdown (3Y)

Largest decline over 3 years

-14.23%

-14.25%

+0.02%

Max Drawdown (5Y)

Largest decline over 5 years

-31.08%

-32.75%

+1.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.96%

—

Current Drawdown

Current decline from peak

-1.13%

-0.97%

-0.16%

Average Drawdown

Average peak-to-trough decline

-6.10%

-8.19%

+2.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

3.21%

+0.09%

Volatility

BBEU vs. IEUR - Volatility Comparison

JPMorgan BetaBuilders Europe ETF (BBEU) and iShares Core MSCI Europe ETF (IEUR) have volatilities of 4.86% and 4.83%, 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

BBEUIEURDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.86%

4.83%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

13.56%

13.34%

+0.22%

Volatility (1Y)

Calculated over the trailing 1-year period

15.85%

15.67%

+0.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.56%

17.79%

-0.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.31%

18.30%

+1.01%

BBEU vs. IEUR - Expense Ratio Comparison

Both BBEU and IEUR have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BBEU vs. IEUR - Dividend Comparison

BBEU's dividend yield for the trailing twelve months is around 2.96%, less than IEUR's 3.21% yield.

PositionTTM20252024202320222021202020192018201720162015
BBEU
JPMorgan BetaBuilders Europe ETF		2.96%2.83%4.16%2.94%4.72%2.63%2.29%3.24%0.49%0.00%0.00%0.00%
IEUR
iShares Core MSCI Europe ETF		3.21%2.97%3.54%3.17%3.05%2.88%2.13%3.26%3.76%2.64%3.19%2.79%

Frequently Asked Questions

With a correlation of 0.99, BBEU and IEUR 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.

BBEU has higher volatility (4.86%) compared to IEUR (4.83%). In terms of maximum drawdown, BBEU dropped -36.27% vs IEUR's -36.96%.

On 5-year performance, BBEU leads with 9.24% vs 8.51% for IEUR. Both ETFs have the same 0.09% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BBEU has performed better with a 9.24% return vs 8.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BBEU and IEUR have the same expense ratio: 0.09% per year.

IEUR has the higher dividend yield at 3.21%, compared with 2.96% for BBEU.

BBEU tracks Morningstar Developed Europe Target Market Exposure Index, while IEUR tracks MSCI Europe Investable Market Index. They also come from different issuers: JPMorgan and iShares.

BBEU currently has the higher Sharpe Ratio (1.27 vs 1.19), 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.

Portfolio Optimizer

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