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CEUR.L vs. IEQD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEUR.L vs. IEQD.L

Last updated Jun 5, 2026

CEUR.L (Amundi MSCI Europe) and IEQD.L (iShares Edge MSCI Europe Quality Factor UCITS Dist) are both Europe Equities funds tracking the MSCI Europe NR EUR, from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, CEUR.L returned 9.47%/yr vs 6.05%/yr for IEQD.L. Their correlation of 0.91 suggests significant overlap in exposure. CEUR.L charges 0.05%/yr vs 0.25%/yr for IEQD.L.

Performance

CEUR.L vs. IEQD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Europe (CEUR.L) and iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CEUR.L is traded in GBp, while IEQD.L is traded in EUR. To make them comparable, the IEQD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CEUR.L achieves a 6.66% return, which is significantly higher than IEQD.L's 3.48% return.

CEUR.L

1D
0.46%
1M
3.94%
YTD
6.66%
6M
8.98%
1Y
19.26%
3Y*
13.68%
5Y*
9.47%
10Y*
9.88%

IEQD.L

1D
0.65%
1M
1.46%
YTD
3.48%
6M
4.83%
1Y
9.50%
3Y*
7.92%
5Y*
6.05%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEUR.L vs. IEQD.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
CEUR.L
Amundi MSCI Europe		6.66%24.46%4.90%12.93%-5.96%17.02%2.29%19.59%-7.14%
IEQD.L
iShares Edge MSCI Europe Quality Factor UCITS Dist		3.48%15.35%-0.60%12.14%-6.61%18.73%7.28%22.75%-2.05%

Correlation

The correlation between CEUR.L and IEQD.L is 0.89, 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

0.89

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

0.91

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

0.92

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.91

The correlation between CEUR.L and IEQD.L has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

CEUR.L vs. IEQD.L - Sectors Allocation Comparison

Sectors
CEUR.L
IEQD.L

Financial Services

25.1%
21.1%

Industrials

19.8%
19.5%

Healthcare

13.8%
14.2%

Technology

10.4%
10.8%

Consumer Defensive

7.2%
8.1%

Consumer Cyclical

6.2%
6.6%

Utilities

5.3%
5.1%

Basic Materials

3.8%
5.6%

Energy

3.5%
5.2%

Communication Services

3.4%
3.0%

Real Estate

1.7%
0.8%

Financial Services

CEUR.L
25.1%
IEQD.L
21.1%

Industrials

CEUR.L
19.8%
IEQD.L
19.5%

Healthcare

CEUR.L
13.8%
IEQD.L
14.2%

Technology

CEUR.L
10.4%
IEQD.L
10.8%

Consumer Defensive

CEUR.L
7.2%
IEQD.L
8.1%

Consumer Cyclical

CEUR.L
6.2%
IEQD.L
6.6%

Utilities

CEUR.L
5.3%
IEQD.L
5.1%

Basic Materials

CEUR.L
3.8%
IEQD.L
5.6%

Energy

CEUR.L
3.5%
IEQD.L
5.2%

Communication Services

CEUR.L
3.4%
IEQD.L
3.0%

Real Estate

CEUR.L
1.7%
IEQD.L
0.8%

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Amundi MSCI Europe

iShares Edge MSCI Europe Quality Factor UCITS Dist

Often compared with CEUR.L:
CEUR.L vs. DTLA.LCEUR.L vs. XS7R.LCEUR.L vs. XDWT.LCEUR.L vs. URTHCEUR.L vs. VERX.LCEUR.L vs. QQQCEUR.L vs. SPY
Often compared with IEQD.L:
IEQD.L vs. FEUI.DEIEQD.L vs. MVOL.LIEQD.L vs. SMEA.LIEQD.L vs. VUSA.ASIEQD.L vs. JRDZ.LIEQD.L vs. CNDX.LIEQD.L vs. CSP1.L

Return for Risk

CEUR.L vs. IEQD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEUR.L
CEUR.L Risk / Return Rank: 4242
Overall Rank
CEUR.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
CEUR.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
CEUR.L Omega Ratio Rank: 4747
Omega Ratio Rank
CEUR.L Calmar Ratio Rank: 3636
Calmar Ratio Rank
CEUR.L Martin Ratio Rank: 3939
Martin Ratio Rank
IEQD.L
IEQD.L Risk / Return Rank: 1818
Overall Rank
IEQD.L Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IEQD.L Sortino Ratio Rank: 1818
Sortino Ratio Rank
IEQD.L Omega Ratio Rank: 1818
Omega Ratio Rank
IEQD.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
IEQD.L Martin Ratio Rank: 1919
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.

CEUR.L vs. IEQD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe (CEUR.L) and iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L). 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.

CEUR.LIEQD.LDifference
Sharpe ratioReturn per unit of total volatility
1.54
0.81

+0.73

Sortino ratioReturn per unit of downside risk
2.18
1.19

+1.00

Omega ratioGain probability vs. loss probability

1.29

1.15

+0.15

Calmar ratioReturn relative to maximum drawdown

1.74

0.99

+0.75

Martin ratioReturn relative to average drawdown

6.06

3.22

+2.83

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEUR.L vs. IEQD.L - Sharpe Ratio Comparison

The current CEUR.L Sharpe Ratio is 1.54, which is higher than the IEQD.L Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of CEUR.L and IEQD.L, 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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Sharpe Ratios by Period

CEUR.LIEQD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.54

0.81

+0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.44

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.53

+0.02

Drawdowns

CEUR.L vs. IEQD.L - Drawdown Comparison

The maximum CEUR.L drawdown since its inception was -28.63%, which is greater than IEQD.L's maximum drawdown of -25.89%. Use the drawdown chart below to compare losses from any high point for CEUR.L and IEQD.L.

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Drawdown Indicators

CEUR.LIEQD.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.63%

-25.89%

-2.74%

Max Drawdown (1Y)

Largest decline over 1 year

-11.05%

-9.56%

-1.49%

Max Drawdown (3Y)

Largest decline over 3 years

-12.66%

-12.12%

-0.54%

Max Drawdown (5Y)

Largest decline over 5 years

-17.85%

-17.81%

-0.04%

Max Drawdown (10Y)

Largest decline over 10 years

-28.63%

—

—

Current Drawdown

Current decline from peak

-1.52%

-3.15%

+1.63%

Average Drawdown

Average peak-to-trough decline

-4.58%

-4.18%

-0.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

2.94%

+0.23%

Volatility

CEUR.L vs. IEQD.L - Volatility Comparison

Amundi MSCI Europe (CEUR.L) and iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) have volatilities of 4.25% and 4.05%, 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

CEUR.LIEQD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

4.05%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

10.53%

9.48%

+1.05%

Volatility (1Y)

Calculated over the trailing 1-year period

12.44%

11.66%

+0.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.88%

13.79%

+0.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.97%

15.14%

-0.17%

CEUR.L vs. IEQD.L - Expense Ratio Comparison

CEUR.L has a 0.05% expense ratio, which is lower than IEQD.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CEUR.L vs. IEQD.L - Dividend Comparison

CEUR.L has not paid dividends to shareholders, while IEQD.L's dividend yield for the trailing twelve months is around 2.09%.

PositionTTM20252024202320222021202020192018
CEUR.L
Amundi MSCI Europe		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IEQD.L
iShares Edge MSCI Europe Quality Factor UCITS Dist		2.09%2.18%2.37%2.74%2.69%1.96%2.21%2.89%2.93%

Frequently Asked Questions

CEUR.L and IEQD.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CEUR.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CEUR.L is cheaper with a 0.05% expense ratio, compared with 0.25% for IEQD.L.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for CEUR.L and 0.25% for IEQD.L.

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