IESE.AS vs. VGEU.DE
IESE.AS (iShares MSCI Europe SRI UCITS ETF EUR (Acc)) and VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) are both Europe Equities funds - IESE.AS tracks the MSCI Europe NR EUR while VGEU.DE tracks the FTSE Developed Europe. Both are passively managed. Over the past 10 years, IESE.AS returned 7.87%/yr vs 9.61%/yr for VGEU.DE. A 0.80 correlation means they provide meaningful diversification when combined. IESE.AS charges 0.20%/yr vs 0.10%/yr for VGEU.DE.
Performance
IESE.AS vs. VGEU.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IESE.AS having a 7.16% return and VGEU.DE slightly higher at 7.29%. Over the past 10 years, IESE.AS has underperformed VGEU.DE with an annualized return of 7.87%, while VGEU.DE has yielded a comparatively higher 9.61% annualized return.
IESE.AS
- 1D
- 0.85%
- 1M
- 3.61%
- YTD
- 7.16%
- 6M
- 8.48%
- 1Y
- 5.39%
- 3Y*
- 7.02%
- 5Y*
- 5.38%
- 10Y*
- 7.87%
VGEU.DE
- 1D
- 0.50%
- 1M
- 3.12%
- YTD
- 7.29%
- 6M
- 9.88%
- 1Y
- 16.25%
- 3Y*
- 14.08%
- 5Y*
- 9.90%
- 10Y*
- 9.61%
IESE.AS vs. VGEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IESE.AS iShares MSCI Europe SRI UCITS ETF EUR (Acc) | 7.16% | 2.40% | 6.46% | 16.38% | -14.87% | 27.26% | 3.74% | 29.04% | -6.71% | 11.41% |
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 7.29% | 20.52% | 8.94% | 16.01% | -9.86% | 24.89% | -2.75% | 27.89% | -11.15% | 11.49% |
Correlation
The correlation between IESE.AS and VGEU.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2015 | 0.80 |
The correlation between IESE.AS and VGEU.DE shifts across timeframes, from 0.80 (all time) to 0.94 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IESE.AS vs. VGEU.DE — Risk / Return Rank
IESE.AS
VGEU.DE
IESE.AS vs. VGEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS) and Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE). 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.
| IESE.AS | VGEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.69 | -1.16 |
| Martin ratioReturn relative to average drawdown | 1.40 | 6.33 | -4.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IESE.AS | VGEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 1.26 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.68 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.67 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.56 | -0.05 |
Drawdowns
IESE.AS vs. VGEU.DE - Drawdown Comparison
The maximum IESE.AS drawdown since its inception was -33.34%, smaller than the maximum VGEU.DE drawdown of -35.59%. Use the drawdown chart below to compare losses from any high point for IESE.AS and VGEU.DE.
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Drawdown Indicators
| IESE.AS | VGEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -35.59% | +2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -9.59% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -16.46% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -20.11% | -3.55% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -35.59% | +2.25% |
Current DrawdownCurrent decline from peak | -1.05% | -1.53% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -5.03% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.56% | +1.28% |
Volatility
IESE.AS vs. VGEU.DE - Volatility Comparison
iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS) and Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) have volatilities of 4.41% and 4.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IESE.AS | VGEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 4.29% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 10.60% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.42% | 12.81% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 14.35% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 16.34% | -1.05% |
IESE.AS vs. VGEU.DE - Expense Ratio Comparison
IESE.AS has a 0.20% expense ratio, which is higher than VGEU.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IESE.AS vs. VGEU.DE - Dividend Comparison
IESE.AS has not paid dividends to shareholders, while VGEU.DE's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IESE.AS iShares MSCI Europe SRI 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% |
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 2.60% | 2.79% | 3.07% | 2.99% | 3.31% | 2.65% | 2.23% | 3.22% | 3.65% | 3.04% | 3.20% | 3.11% |
Frequently Asked Questions
With a correlation of 0.93, IESE.AS and VGEU.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGEU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEU.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for IESE.AS.
IESE.AS tracks MSCI Europe NR EUR, while VGEU.DE tracks FTSE Developed Europe. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IESE.AS and 0.10% for VGEU.DE.
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