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DJMC.AS vs. IMAE.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DJMC.AS vs. IMAE.AS

Last updated Jun 5, 2026

DJMC.AS (iShares EURO STOXX Mid UCITS ETF) and IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - DJMC.AS tracks the MSCI EMU SMID NR EUR while IMAE.AS tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, DJMC.AS returned 8.74%/yr vs 9.17%/yr for IMAE.AS. Their correlation of 0.83 suggests significant overlap in exposure. DJMC.AS charges 0.40%/yr vs 0.20%/yr for IMAE.AS.

Performance

DJMC.AS vs. IMAE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EURO STOXX Mid UCITS ETF (DJMC.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS). 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 DJMC.AS having a 7.72% return and IMAE.AS slightly lower at 7.51%. Both investments have delivered pretty close results over the past 10 years, with DJMC.AS having a 8.74% annualized return and IMAE.AS not far ahead at 9.17%.

DJMC.AS

1D
0.36%
1M
2.25%
YTD
7.72%
6M
10.94%
1Y
15.09%
3Y*
14.15%
5Y*
7.11%
10Y*
8.74%

IMAE.AS

1D
0.53%
1M
3.33%
YTD
7.51%
6M
9.82%
1Y
16.13%
3Y*
13.66%
5Y*
9.96%
10Y*
9.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DJMC.AS vs. IMAE.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DJMC.AS
iShares EURO STOXX Mid UCITS ETF		7.72%24.35%8.45%10.46%-14.94%16.39%2.11%23.40%-11.44%18.28%
IMAE.AS
iShares Core MSCI Europe UCITS ETF EUR (Acc)		7.51%19.74%8.89%15.99%-9.31%25.66%-3.06%25.45%-9.65%10.15%

Correlation

The correlation between DJMC.AS and IMAE.AS is 0.83, 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

0.83

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

0.83

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

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Oct 22, 2009

0.83

The correlation between DJMC.AS and IMAE.AS has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

iShares EURO STOXX Mid UCITS ETF

iShares Core MSCI Europe UCITS ETF EUR (Acc)

Often compared with DJMC.AS:
DJMC.AS vs. IEFV.LDJMC.AS vs. TEET.ASDJMC.AS vs. IDJG.ASDJMC.AS vs. IAEX.ASDJMC.AS vs. IMEU.ASDJMC.AS vs. VEUR.ASDJMC.AS vs. ICHN.AS
Often compared with IMAE.AS:
IMAE.AS vs. VEUR.ASIMAE.AS vs. IWDA.LIMAE.AS vs. IWDA.ASIMAE.AS vs. EUEA.ASIMAE.AS vs. SWRD.LIMAE.AS vs. EXI1.DEIMAE.AS vs. SPGP.L

Return for Risk

DJMC.AS vs. IMAE.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DJMC.AS
DJMC.AS Risk / Return Rank: 3636
Overall Rank
DJMC.AS Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
DJMC.AS Sortino Ratio Rank: 3333
Sortino Ratio Rank
DJMC.AS Omega Ratio Rank: 3535
Omega Ratio Rank
DJMC.AS Calmar Ratio Rank: 3939
Calmar Ratio Rank
DJMC.AS Martin Ratio Rank: 3939
Martin Ratio Rank
IMAE.AS
IMAE.AS Risk / Return Rank: 3636
Overall Rank
IMAE.AS Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
IMAE.AS Sortino Ratio Rank: 3636
Sortino Ratio Rank
IMAE.AS Omega Ratio Rank: 3636
Omega Ratio Rank
IMAE.AS Calmar Ratio Rank: 3535
Calmar Ratio Rank
IMAE.AS Martin Ratio Rank: 4040
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.

DJMC.AS vs. IMAE.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EURO STOXX Mid UCITS ETF (DJMC.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.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.

DJMC.ASIMAE.ASDifference
Sharpe ratioReturn per unit of total volatility
1.24
1.25

-0.01

Sortino ratioReturn per unit of downside risk
1.74
1.84

-0.11

Omega ratioGain probability vs. loss probability

1.23

1.24

-0.01

Calmar ratioReturn relative to maximum drawdown

1.85

1.68

+0.17

Martin ratioReturn relative to average drawdown

6.10

6.22

-0.11

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

DJMC.AS vs. IMAE.AS - Sharpe Ratio Comparison

The current DJMC.AS Sharpe Ratio is 1.24, which is comparable to the IMAE.AS Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of DJMC.AS and IMAE.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.

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Sharpe Ratios by Period

DJMC.ASIMAE.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.24

1.25

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.46

0.69

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.58

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.53

-0.14

Drawdowns

DJMC.AS vs. IMAE.AS - Drawdown Comparison

The maximum DJMC.AS drawdown since its inception was -59.52%, which is greater than IMAE.AS's maximum drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for DJMC.AS and IMAE.AS.

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Drawdown Indicators

DJMC.ASIMAE.ASDifference

Max Drawdown

Largest peak-to-trough decline

-59.52%

-35.60%

-23.92%

Max Drawdown (1Y)

Largest decline over 1 year

-8.07%

-9.47%

+1.40%

Max Drawdown (3Y)

Largest decline over 3 years

-14.36%

-16.51%

+2.15%

Max Drawdown (5Y)

Largest decline over 5 years

-27.41%

-19.44%

-7.97%

Max Drawdown (10Y)

Largest decline over 10 years

-39.05%

-35.60%

-3.45%

Current Drawdown

Current decline from peak

-1.50%

-1.69%

+0.19%

Average Drawdown

Average peak-to-trough decline

-13.20%

-5.32%

-7.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.46%

2.56%

-0.10%

Volatility

DJMC.AS vs. IMAE.AS - Volatility Comparison

The current volatility for iShares EURO STOXX Mid UCITS ETF (DJMC.AS) is 3.00%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a volatility of 4.39%. This indicates that DJMC.AS experiences smaller price fluctuations and is considered to be less risky than IMAE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DJMC.ASIMAE.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.00%

4.39%

-1.39%

Volatility (6M)

Calculated over the trailing 6-month period

9.81%

10.62%

-0.81%

Volatility (1Y)

Calculated over the trailing 1-year period

12.09%

12.76%

-0.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.53%

14.15%

+1.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.49%

15.54%

+0.95%

DJMC.AS vs. IMAE.AS - Expense Ratio Comparison

DJMC.AS has a 0.40% expense ratio, which is higher than IMAE.AS's 0.20% expense ratio.

Dividends

DJMC.AS vs. IMAE.AS - Dividend Comparison

DJMC.AS's dividend yield for the trailing twelve months is around 2.94%, while IMAE.AS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
DJMC.AS
iShares EURO STOXX Mid UCITS ETF		2.94%3.20%3.37%2.55%2.40%1.76%1.45%2.55%2.97%2.18%2.22%2.03%
IMAE.AS
iShares Core MSCI Europe UCITS ETF EUR (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DJMC.AS and IMAE.AS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IMAE.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IMAE.AS is cheaper with a 0.20% expense ratio, compared with 0.40% for DJMC.AS.

DJMC.AS tracks MSCI EMU SMID NR EUR, while IMAE.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.40% for DJMC.AS and 0.20% for IMAE.AS.

Portfolio Optimizer

Find the right allocation for DJMC.AS and IMAE.AS

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