EIRL vs. OEUR
Compare and contrast key facts about iShares MSCI Ireland ETF (EIRL) and OShares Europe Quality Dividend ETF (OEUR).
EIRL and OEUR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EIRL is a passively managed fund by iShares that tracks the performance of the MSCI Ireland Investable Market 25/50 Index. It was launched on May 5, 2010. OEUR is a passively managed fund by O'Shares Investments that tracks the performance of the OEUR-US - O'Shares Europe Quality Dividend Index. It was launched on Aug 19, 2015. Both EIRL and OEUR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIRL or OEUR.
Key characteristics
| EIRL | OEUR | |
|---|---|---|
| YTD Return | 4.54% | 7.46% |
| 1Y Return | 16.29% | 20.75% |
| 3Y Return (Ann) | 4.02% | 3.77% |
| 5Y Return (Ann) | 8.90% | 6.94% |
| Sharpe Ratio | 1.14 | 1.70 |
| Sortino Ratio | 1.70 | 2.44 |
| Omega Ratio | 1.21 | 1.29 |
| Calmar Ratio | 1.64 | 2.17 |
| Martin Ratio | 5.67 | 8.17 |
| Ulcer Index | 3.35% | 2.60% |
| Daily Std Dev | 16.49% | 12.50% |
| Max Drawdown | -46.48% | -33.01% |
| Current Drawdown | -10.25% | -6.77% |
Correlation
The correlation between EIRL and OEUR is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EIRL vs. OEUR - Performance Comparison
In the year-to-date period, EIRL achieves a 4.54% return, which is significantly lower than OEUR's 7.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EIRL vs. OEUR - Expense Ratio Comparison
EIRL has a 0.49% expense ratio, which is higher than OEUR's 0.48% expense ratio.
Risk-Adjusted Performance
EIRL vs. OEUR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Ireland ETF (EIRL) and OShares Europe Quality Dividend ETF (OEUR). 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.
Dividends
EIRL vs. OEUR - Dividend Comparison
EIRL's dividend yield for the trailing twelve months is around 1.55%, less than OEUR's 3.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIRL iShares MSCI Ireland ETF | 1.55% | 1.00% | 1.13% | 0.82% | 0.50% | 2.11% | 1.52% | 1.44% | 1.34% | 1.70% | 2.26% | 1.65% |
OEUR OShares Europe Quality Dividend ETF | 3.65% | 4.27% | 2.13% | 2.01% | 3.66% | 3.66% | 3.49% | 3.01% | 2.87% | 0.64% | 0.00% | 0.00% |
Drawdowns
EIRL vs. OEUR - Drawdown Comparison
The maximum EIRL drawdown since its inception was -46.48%, which is greater than OEUR's maximum drawdown of -33.01%. Use the drawdown chart below to compare losses from any high point for EIRL and OEUR. For additional features, visit the drawdowns tool.
Volatility
EIRL vs. OEUR - Volatility Comparison
iShares MSCI Ireland ETF (EIRL) has a higher volatility of 4.91% compared to OShares Europe Quality Dividend ETF (OEUR) at 3.17%. This indicates that EIRL's price experiences larger fluctuations and is considered to be riskier than OEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.