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ERO vs. IEUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

ERO vs. IEUR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ero Copper Corp (ERO) and iShares Core MSCI Europe ETF (IEUR). 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 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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ERO vs. IEUR - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ERO
ERO Risk / Return Rank: 8080
Overall Rank
ERO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
ERO Sortino Ratio Rank: 7979
Sortino Ratio Rank
ERO Omega Ratio Rank: 7878
Omega Ratio Rank
ERO Calmar Ratio Rank: 8181
Calmar Ratio Rank
ERO Martin Ratio Rank: 7878
Martin Ratio Rank

IEUR
IEUR Risk / Return Rank: 3838
Overall Rank
IEUR Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
IEUR Sortino Ratio Rank: 3939
Sortino Ratio Rank
IEUR Omega Ratio Rank: 3737
Omega Ratio Rank
IEUR Calmar Ratio Rank: 3535
Calmar Ratio Rank
IEUR Martin Ratio Rank: 4242
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.

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.


EROIEURDifference
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

ERO vs. IEUR - Sharpe Ratio Comparison

The current ERO Sharpe Ratio is 1.74, which is higher than the IEUR Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of ERO and IEUR, 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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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


EROIEURDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-19.93%

-0.70%

-19.23%

Average Drawdown

Average peak-to-trough decline

-27.02%

-8.20%

-18.82%

Ulcer Index

Depth 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


EROIEURDifference

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%.


PositionTTM20252024202320222021202020192018201720162015
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.

Portfolio Optimizer

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Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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