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DJSC.AS vs. IEUX.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DJSC.AS vs. IEUX.AS

Last updated Jun 4, 2026

DJSC.AS (iShares EURO STOXX Small UCITS ETF) and IEUX.AS (iShares MSCI Europe ex-UK UCITS ETF) are both Europe Equities funds from iShares - DJSC.AS tracks the MSCI EMU SMID NR EUR while IEUX.AS tracks the MSCI Europe Ex UK NR EUR. Both are passively managed. Over the past 10 years, DJSC.AS returned 8.71%/yr vs 9.33%/yr for IEUX.AS. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.

Performance

DJSC.AS vs. IEUX.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EURO STOXX Small UCITS ETF (DJSC.AS) and iShares MSCI Europe ex-UK UCITS ETF (IEUX.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DJSC.AS achieves a 9.46% return, which is significantly higher than IEUX.AS's 6.39% return. Over the past 10 years, DJSC.AS has underperformed IEUX.AS with an annualized return of 8.71%, while IEUX.AS has yielded a comparatively higher 9.33% annualized return.

DJSC.AS

1D
-0.48%
1M
4.65%
YTD
9.46%
6M
12.92%
1Y
19.20%
3Y*
10.86%
5Y*
5.18%
10Y*
8.71%

IEUX.AS

1D
-0.82%
1M
4.66%
YTD
6.39%
6M
9.74%
1Y
14.70%
3Y*
12.75%
5Y*
8.88%
10Y*
9.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DJSC.AS vs. IEUX.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DJSC.AS
iShares EURO STOXX Small UCITS ETF		9.46%21.43%-2.89%12.25%-14.19%21.56%8.54%25.52%-12.83%22.19%
IEUX.AS
iShares MSCI Europe ex-UK UCITS ETF		6.39%19.55%7.52%17.22%-12.30%25.00%1.67%26.50%-10.21%11.50%

Correlation

The correlation between DJSC.AS and IEUX.AS is 0.84, 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

0.84

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

0.85

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

0.87

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

0.89

Correlation (All Time)
Calculated using the full available price history since Aug 2, 2006

0.85

The correlation between DJSC.AS and IEUX.AS has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

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iShares EURO STOXX Small UCITS ETF

iShares MSCI Europe ex-UK UCITS ETF

Often compared with DJSC.AS:
DJSC.AS vs. TDT.ASDJSC.AS vs. TEET.ASDJSC.AS vs. IDJG.ASDJSC.AS vs. VEUR.ASDJSC.AS vs. IMEU.ASDJSC.AS vs. IDVY.ASDJSC.AS vs. IAEX.AS
Often compared with IEUX.AS:
IEUX.AS vs. VGKIEUX.AS vs. VUSA.ASIEUX.AS vs. GLDIEUX.AS vs. XGEN.DEIEUX.AS vs. SPYIEUX.AS vs. IMEU.ASIEUX.AS vs. VERX.AS

Return for Risk

DJSC.AS vs. IEUX.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DJSC.AS
DJSC.AS Risk / Return Rank: 3838
Overall Rank
DJSC.AS Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
DJSC.AS Sortino Ratio Rank: 3939
Sortino Ratio Rank
DJSC.AS Omega Ratio Rank: 3939
Omega Ratio Rank
DJSC.AS Calmar Ratio Rank: 3434
Calmar Ratio Rank
DJSC.AS Martin Ratio Rank: 4141
Martin Ratio Rank
IEUX.AS
IEUX.AS Risk / Return Rank: 3131
Overall Rank
IEUX.AS Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
IEUX.AS Sortino Ratio Rank: 3030
Sortino Ratio Rank
IEUX.AS Omega Ratio Rank: 3030
Omega Ratio Rank
IEUX.AS Calmar Ratio Rank: 3030
Calmar Ratio Rank
IEUX.AS Martin Ratio Rank: 3636
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.

DJSC.AS vs. IEUX.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EURO STOXX Small UCITS ETF (DJSC.AS) and iShares MSCI Europe ex-UK UCITS ETF (IEUX.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.

DJSC.ASIEUX.ASDifference
Sharpe ratioReturn per unit of total volatility
1.37
1.07

+0.30

Sortino ratioReturn per unit of downside risk
1.98
1.63

+0.35

Omega ratioGain probability vs. loss probability

1.25

1.20

+0.05

Calmar ratioReturn relative to maximum drawdown

1.64

1.46

+0.18

Martin ratioReturn relative to average drawdown

6.32

5.39

+0.93

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

DJSC.AS vs. IEUX.AS - Sharpe Ratio Comparison

The current DJSC.AS Sharpe Ratio is 1.37, which is comparable to the IEUX.AS Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of DJSC.AS and IEUX.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

DJSC.ASIEUX.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.37

1.07

+0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.59

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.59

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.30

+0.07

Drawdowns

DJSC.AS vs. IEUX.AS - Drawdown Comparison

The maximum DJSC.AS drawdown since its inception was -63.04%, roughly equal to the maximum IEUX.AS drawdown of -60.28%. Use the drawdown chart below to compare losses from any high point for DJSC.AS and IEUX.AS.

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Drawdown Indicators

DJSC.ASIEUX.ASDifference

Max Drawdown

Largest peak-to-trough decline

-63.04%

-60.28%

-2.76%

Max Drawdown (1Y)

Largest decline over 1 year

-11.56%

-9.94%

-1.62%

Max Drawdown (3Y)

Largest decline over 3 years

-16.05%

-16.22%

+0.17%

Max Drawdown (5Y)

Largest decline over 5 years

-28.17%

-22.47%

-5.70%

Max Drawdown (10Y)

Largest decline over 10 years

-35.90%

-34.79%

-1.11%

Current Drawdown

Current decline from peak

-1.09%

-2.02%

+0.93%

Average Drawdown

Average peak-to-trough decline

-13.33%

-14.68%

+1.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.01%

2.70%

+0.31%

Volatility

DJSC.AS vs. IEUX.AS - Volatility Comparison

The current volatility for iShares EURO STOXX Small UCITS ETF (DJSC.AS) is 4.38%, while iShares MSCI Europe ex-UK UCITS ETF (IEUX.AS) has a volatility of 4.86%. This indicates that DJSC.AS experiences smaller price fluctuations and is considered to be less risky than IEUX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DJSC.ASIEUX.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.38%

4.86%

-0.48%

Volatility (6M)

Calculated over the trailing 6-month period

11.74%

11.18%

+0.56%

Volatility (1Y)

Calculated over the trailing 1-year period

13.87%

13.58%

+0.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.21%

14.96%

+1.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.35%

15.72%

+0.63%

DJSC.AS vs. IEUX.AS - Expense Ratio Comparison

Both DJSC.AS and IEUX.AS have an expense ratio of 0.40%.

Dividends

DJSC.AS vs. IEUX.AS - Dividend Comparison

DJSC.AS's dividend yield for the trailing twelve months is around 2.40%, more than IEUX.AS's 2.00% yield.

PositionTTM20252024202320222021202020192018201720162015
DJSC.AS
iShares EURO STOXX Small UCITS ETF		2.40%3.00%2.66%2.24%2.22%1.48%1.20%2.01%2.48%1.81%2.10%2.12%
IEUX.AS
iShares MSCI Europe ex-UK UCITS ETF		2.00%2.15%2.36%2.37%2.34%1.62%1.43%2.33%2.65%2.27%2.31%2.16%

Frequently Asked Questions

DJSC.AS and IEUX.AS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

DJSC.AS and IEUX.AS have the same expense ratio: 0.40% per year.

DJSC.AS tracks MSCI EMU SMID NR EUR, while IEUX.AS tracks MSCI Europe Ex UK NR EUR.

Portfolio Optimizer

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