ERO vs. IEUR
ERO (Ero Copper Corp) is a stock, while IEUR (iShares Core MSCI Europe ETF) is Europe Equities fund tracking the MSCI Europe Investable Market Index. Over the past 5 years, ERO returned 7.76%/yr vs 8.81%/yr for IEUR. At a 0.41 correlation, their price movements are largely independent.
Performance
ERO vs. IEUR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ERO having a 7.64% return and IEUR slightly lower at 7.38%.
ERO
- 1D
- 2.35%
- 1M
- 12.86%
- YTD
- 7.64%
- 6M
- 13.49%
- 1Y
- 99.80%
- 3Y*
- 15.10%
- 5Y*
- 7.76%
- 10Y*
- —
IEUR
- 1D
- -0.03%
- 1M
- 0.97%
- YTD
- 7.38%
- 6M
- 7.90%
- 1Y
- 20.76%
- 3Y*
- 16.96%
- 5Y*
- 8.81%
- 10Y*
- 10.35%
ERO vs. IEUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERO Ero Copper Corp | 7.64% | 109.87% | -14.63% | 14.84% | -10.07% | -5.73% | -10.97% | 151.68% | 21.41% | 52.76% |
IEUR iShares Core MSCI Europe ETF | 7.38% | 35.67% | 1.40% | 19.71% | -15.90% | 16.71% | 5.31% | 24.95% | -14.86% | 1.82% |
Correlation
The correlation between ERO and IEUR is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.41 |
The correlation between ERO and IEUR has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.
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Return for Risk
ERO vs. IEUR — Risk / Return Rank
ERO
IEUR
ERO vs. IEUR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ero Copper Corp (ERO) 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.
| ERO | IEUR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.73 | +0.91 |
| Martin ratioReturn relative to average drawdown | 5.57 | 6.49 | -0.92 |
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Drawdowns
ERO vs. IEUR - Drawdown Comparison
The maximum ERO drawdown since its inception was -67.17%, which is greater than IEUR's maximum drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for ERO and IEUR.
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Drawdown Indicators
| ERO | IEUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.17% | -36.96% | -30.21% |
Max Drawdown (1Y)Largest decline over 1 year | -37.97% | -12.04% | -25.93% |
Max Drawdown (3Y)Largest decline over 3 years | -59.84% | -14.25% | -45.59% |
Max Drawdown (5Y)Largest decline over 5 years | -61.02% | -32.75% | -28.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.96% | — |
Current DrawdownCurrent decline from peak | -19.93% | -0.70% | -19.23% |
Average DrawdownAverage peak-to-trough decline | -27.02% | -8.20% | -18.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.98% | 3.20% | +14.78% |
Volatility
ERO vs. IEUR - Volatility Comparison
Ero Copper Corp (ERO) has a higher volatility of 24.57% compared to iShares Core MSCI Europe ETF (IEUR) at 4.77%. This indicates that ERO's price experiences larger fluctuations and is considered to be riskier than IEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERO | IEUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.57% | 4.77% | +19.80% |
Volatility (6M)Calculated over the trailing 6-month period | 47.54% | 13.28% | +34.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.85% | 15.71% | +42.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.84% | 17.79% | +37.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.35% | 18.63% | +40.72% |
Dividends
ERO vs. IEUR - Dividend Comparison
ERO has not paid dividends to shareholders, while IEUR's dividend yield for the trailing twelve months is around 3.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERO Ero Copper Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEUR iShares Core MSCI Europe ETF | 3.20% | 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
ERO and IEUR have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERO has higher volatility (24.57%) compared to IEUR (4.77%). In terms of maximum drawdown, ERO dropped -67.17% vs IEUR's -36.96%.
ERO currently has the higher Sharpe Ratio (1.74 vs 1.33), 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.
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