IDVY.AS vs. INAA.AS

Last updated Jun 5, 2026

IDVY.AS (iShares Euro Dividend UCITS ETF) and INAA.AS (iShares MSCI North America UCITS ETF) are both exchange-traded funds - IDVY.AS is a Europe Equities fund tracking the MSCI EMU NR EUR, while INAA.AS is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, IDVY.AS returned 7.33%/yr vs 14.24%/yr for INAA.AS. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

IDVY.AS vs. INAA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Euro Dividend UCITS ETF (IDVY.AS) and iShares MSCI North America UCITS ETF (INAA.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDVY.AS achieves a 8.21% return, which is significantly lower than INAA.AS's 11.24% return. Over the past 10 years, IDVY.AS has underperformed INAA.AS with an annualized return of 7.33%, while INAA.AS has yielded a comparatively higher 14.24% annualized return.

IDVY.AS

• 1D: 0.33%
• 1M: 3.43%
• YTD: 8.21%
• 6M: 11.08%
• 1Y: 21.10%
• 3Y*: 20.03%
• 5Y*: 9.08%
• 10Y*: 7.33%

INAA.AS

• 1D: -0.06%
• 1M: 5.16%
• YTD: 11.24%
• 6M: 11.07%
• 1Y: 24.92%
• 3Y*: 18.57%
• 5Y*: 13.87%
• 10Y*: 14.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDVY.AS vs. INAA.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDVY.AS iShares Euro Dividend UCITS ETF	8.21%	41.92%	8.62%	4.42%	-13.82%	24.39%	-17.87%	20.43%	-10.28%	9.96%
INAA.AS iShares MSCI North America UCITS ETF	11.24%	4.00%	32.96%	20.94%	-14.85%	37.53%	9.22%	32.33%	-1.61%	6.00%

Correlation

The correlation between IDVY.AS and INAA.AS is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jul 26, 2006	0.55

The correlation between IDVY.AS and INAA.AS shifts across timeframes, from 0.35 (3 years) to 0.55 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IDVY.AS vs. INAA.AS — Risk / Return Rank

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

IDVY.AS

IDVY.AS Risk / Return Rank: 52
IDVY.AS Sharpe Ratio Rank: 52
IDVY.AS Sortino Ratio Rank: 52
IDVY.AS Omega Ratio Rank: 54
IDVY.AS Calmar Ratio Rank: 54
IDVY.AS Martin Ratio Rank: 49

INAA.AS

INAA.AS Risk / Return Rank: 67
INAA.AS Sharpe Ratio Rank: 67
INAA.AS Sortino Ratio Rank: 65
INAA.AS Omega Ratio Rank: 70
INAA.AS Calmar Ratio Rank: 69
INAA.AS Martin Ratio Rank: 67

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.

IDVY.AS vs. INAA.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Euro Dividend UCITS ETF (IDVY.AS) and iShares MSCI North America UCITS ETF (INAA.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.

	IDVY.AS	INAA.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.18	-0.41
Sortino ratio: Return per unit of downside risk	2.47	2.96	-0.48
Omega ratio: Gain probability vs. loss probability	1.33	1.41	-0.08
Calmar ratio: Return relative to maximum drawdown	2.61	3.39	-0.78
Martin ratio: Return relative to average drawdown	8.13	12.06	-3.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDVY.AS vs. INAA.AS - Sharpe Ratio Comparison

The current IDVY.AS Sharpe Ratio is 1.77, which is comparable to the INAA.AS Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of IDVY.AS and INAA.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.

Sharpe Ratios by Period

	IDVY.AS	INAA.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	2.18	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.89	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.87	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.63	-0.39

Drawdowns

IDVY.AS vs. INAA.AS - Drawdown Comparison

The maximum IDVY.AS drawdown since its inception was -71.33%, which is greater than INAA.AS's maximum drawdown of -51.35%. Use the drawdown chart below to compare losses from any high point for IDVY.AS and INAA.AS.

Drawdown Indicators

	IDVY.AS	INAA.AS	Difference
Max Drawdown Largest peak-to-trough decline	-71.33%	-51.35%	-19.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-7.25%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-12.81%	-23.43%	+10.62%
Max Drawdown (5Y) Largest decline over 5 years	-24.57%	-23.43%	-1.14%
Max Drawdown (10Y) Largest decline over 10 years	-42.34%	-34.42%	-7.92%
Current Drawdown Current decline from peak	-1.42%	-0.40%	-1.02%
Average Drawdown Average peak-to-trough decline	-22.54%	-8.31%	-14.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.05%	+0.52%

Volatility

IDVY.AS vs. INAA.AS - Volatility Comparison

iShares Euro Dividend UCITS ETF (IDVY.AS) has a higher volatility of 3.54% compared to iShares MSCI North America UCITS ETF (INAA.AS) at 2.67%. This indicates that IDVY.AS's price experiences larger fluctuations and is considered to be riskier than INAA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDVY.AS	INAA.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	2.67%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	9.62%	7.44%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	11.77%	11.30%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	15.31%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	16.17%	+1.09%

IDVY.AS vs. INAA.AS - Expense Ratio Comparison

Both IDVY.AS and INAA.AS have an expense ratio of 0.40%.

Dividends

IDVY.AS vs. INAA.AS - Dividend Comparison

IDVY.AS's dividend yield for the trailing twelve months is around 3.99%, more than INAA.AS's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDVY.AS iShares Euro Dividend UCITS ETF	3.99%	4.36%	5.85%	5.84%	5.28%	3.68%	3.57%	4.84%	4.76%	3.91%	3.97%	4.00%
INAA.AS iShares MSCI North America UCITS ETF	0.52%	0.59%	0.69%	0.92%	1.08%	0.62%	0.94%	1.10%	1.21%	1.18%	1.25%	1.39%

Frequently Asked Questions

Can I hold both IDVY.AS and INAA.AS in my portfolio?

IDVY.AS and INAA.AS have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDVY.AS or INAA.AS?

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

Which ETF is cheaper, IDVY.AS or INAA.AS?

IDVY.AS and INAA.AS have the same expense ratio: 0.40% per year.

What is the main difference between IDVY.AS and INAA.AS?

IDVY.AS is categorized as Europe Equities, while INAA.AS is Large Cap Blend Equities. IDVY.AS tracks MSCI EMU NR EUR, while INAA.AS tracks Russell 1000 TR USD.