IAPD.AS vs. IMAE.AS

Last updated Jun 5, 2026

IAPD.AS (iShares Asia Pacific Dividend UCITS ETF) and IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - IAPD.AS is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD, while IMAE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. IAPD.AS charges 0.59%/yr vs 0.20%/yr for IMAE.AS.

Performance

IAPD.AS vs. IMAE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Asia Pacific Dividend UCITS ETF (IAPD.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IAPD.AS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IAPD.AS iShares Asia Pacific Dividend UCITS ETF	0.00%	12.38%	13.48%	9.69%	4.51%	13.14%	-16.78%	16.80%	-9.72%	3.24%
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 IAPD.AS and IMAE.AS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009	0.59

Over the past year, the correlation between IAPD.AS and IMAE.AS has dropped to 0.28 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

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

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

IMAE.AS

IMAE.AS Risk / Return Rank: 36
IMAE.AS Sharpe Ratio Rank: 35
IMAE.AS Sortino Ratio Rank: 36
IMAE.AS Omega Ratio Rank: 36
IMAE.AS Calmar Ratio Rank: 35
IMAE.AS Martin Ratio Rank: 40

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS ETF (IAPD.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IAPD.AS	IMAE.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.53	—

Drawdowns

Drawdown Indicators

	IAPD.AS	IMAE.AS	Difference
Max Drawdown Largest peak-to-trough decline	—	-35.60%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.60%	—
Current Drawdown Current decline from peak	—	-1.69%	—
Average Drawdown Average peak-to-trough decline	—	-5.32%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.56%	—

Volatility

Volatility by Period

	IAPD.AS	IMAE.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.76%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.15%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.54%	—

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

IAPD.AS has a 0.59% expense ratio, which is higher than IMAE.AS's 0.20% expense ratio.

Dividends

IAPD.AS vs. IMAE.AS - Dividend Comparison

IAPD.AS's dividend yield for the trailing twelve months is around 4.85%, while IMAE.AS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAPD.AS iShares Asia Pacific Dividend UCITS ETF	4.85%	5.02%	5.58%	6.33%	7.38%	6.33%	4.28%	6.18%	6.90%	5.48%	4.80%	5.95%
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

Can I hold both IAPD.AS and IMAE.AS in my portfolio?

IAPD.AS and IMAE.AS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IAPD.AS or IMAE.AS?

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.

Which ETF is cheaper, IAPD.AS or IMAE.AS?

IMAE.AS is cheaper with a 0.20% expense ratio, compared with 0.59% for IAPD.AS.

What is the main difference between IAPD.AS and IMAE.AS?

IAPD.AS is categorized as Asia Pacific Equities, while IMAE.AS is Europe Equities. IAPD.AS tracks MSCI AC Asia Pacific NR USD, while IMAE.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.59% for IAPD.AS and 0.20% for IMAE.AS.