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IEU.AX vs. IJH.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEU.AX vs. IJH.AX

Last updated Jul 18, 2026
Documentation

IEU.AX (iShares Europe ETF (AU)) and IJH.AX (iShares S&P Mid-Cap ETF) are both exchange-traded funds - IEU.AX is a Europe Equities fund tracking the iShares Europe Index, while IJH.AX is a Mid Cap Blend Equities fund tracking the iShares S&P Mid-Cap Index. Both are passively managed. Over the past 10 years, IEU.AX returned 10.46%/yr vs 19.36%/yr for IJH.AX. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

IEU.AX vs. IJH.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Europe ETF (AU) (IEU.AX) and iShares S&P Mid-Cap ETF (IJH.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IEU.AX achieves a 2.75% return, which is significantly lower than IJH.AX's 8.92% return. Over the past 10 years, IEU.AX has underperformed IJH.AX with an annualized return of 10.46%, while IJH.AX has yielded a comparatively higher 19.36% annualized return.

IEU.AX

1D
-0.87%
1M
0.21%
6M
0.17%
YTD
2.75%
1Y
8.20%
3Y*
12.98%
5Y*
10.54%
10Y*
10.46%

IJH.AX

1D
-0.07%
1M
0.38%
6M
3.26%
YTD
8.92%
1Y
12.54%
3Y*
12.34%
5Y*
15.20%
10Y*
19.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEU.AX vs. IJH.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEU.AX
iShares Europe ETF (AU)		2.75%23.63%10.42%18.56%-5.75%22.27%-3.43%25.90%-4.80%15.54%
IJH.AX
iShares S&P Mid-Cap ETF		8.92%0.34%23.20%16.67%9.71%52.15%25.00%56.41%-4.12%6.48%

Correlation

The correlation between IEU.AX and IJH.AX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.54

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.55

Correlation (10Y)
Calculated over the trailing 10-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Dec 31, 2012

0.59

The correlation between IEU.AX and IJH.AX has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Europe ETF (AU)

iShares S&P Mid-Cap ETF

Often compared with IEU.AX:
IEU.AX vs. AUMF.AXIEU.AX vs. BILL.AXIEU.AX vs. GLIN.AXIEU.AX vs. ILB.AXIEU.AX vs. IVV.AXIEU.AX vs. MVOL.AXIEU.AX vs. WDMF.AX
Often compared with IJH.AX:
IJH.AX vs. AUMF.AXIJH.AX vs. BILL.AXIJH.AX vs. GLDN.AXIJH.AX vs. GLIN.AXIJH.AX vs. ILB.AXIJH.AX vs. IOZ.AXIJH.AX vs. IVV.AX

Return for Risk

IEU.AX vs. IJH.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEU.AX
IEU.AX Risk / Return Rank: 2222
Overall Rank
IEU.AX Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
IEU.AX Sortino Ratio Rank: 2222
Sortino Ratio Rank
IEU.AX Omega Ratio Rank: 2323
Omega Ratio Rank
IEU.AX Calmar Ratio Rank: 2020
Calmar Ratio Rank
IEU.AX Martin Ratio Rank: 2323
Martin Ratio Rank
IJH.AX
IJH.AX Risk / Return Rank: 3030
Overall Rank
IJH.AX Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
IJH.AX Sortino Ratio Rank: 3030
Sortino Ratio Rank
IJH.AX Omega Ratio Rank: 2929
Omega Ratio Rank
IJH.AX Calmar Ratio Rank: 3030
Calmar Ratio Rank
IJH.AX Martin Ratio Rank: 3232
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.

IEU.AX vs. IJH.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Europe ETF (AU) (IEU.AX) and iShares S&P Mid-Cap ETF (IJH.AX). 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.

IEU.AXIJH.AXDifference
Sharpe ratioReturn per unit of total volatility
0.62
0.86

-0.23

Sortino ratioReturn per unit of downside risk
0.96
1.28

-0.32

Omega ratioGain probability vs. loss probability

1.12

1.16

-0.03

Calmar ratioReturn relative to maximum drawdown

0.66

1.16

-0.51

Martin ratioReturn relative to average drawdown

2.10

3.44

-1.34

IEU.AX vs. IJH.AX - Sharpe Ratio Comparison

The current IEU.AX Sharpe Ratio is 0.62, which is comparable to the IJH.AX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of IEU.AX and IJH.AX, 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

IEU.AX vs. IJH.AX - Drawdown Comparison

The maximum IEU.AX drawdown since its inception was -38.80%, which is greater than IJH.AX's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IEU.AX and IJH.AX.

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Drawdown Indicators

IEU.AXIJH.AXDifference

Max Drawdown

Largest peak-to-trough decline

-38.80%

-34.08%

-4.72%

Max Drawdown (1Y)

Largest decline over 1 year

-12.04%

-10.43%

-1.61%

Max Drawdown (3Y)

Largest decline over 3 years

-12.04%

-20.00%

+7.96%

Max Drawdown (5Y)

Largest decline over 5 years

-21.67%

-20.00%

-1.67%

Max Drawdown (10Y)

Largest decline over 10 years

-29.90%

-34.08%

+4.18%

Current Drawdown

Current decline from peak

-2.78%

-3.07%

+0.29%

Average Drawdown

Average peak-to-trough decline

-10.63%

-3.92%

-6.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.82%

3.58%

+0.24%

Volatility

IEU.AX vs. IJH.AX - Volatility Comparison

iShares Europe ETF (AU) (IEU.AX) and iShares S&P Mid-Cap ETF (IJH.AX) have volatilities of 2.73% and 2.63%, 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

IEU.AXIJH.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.73%

2.63%

+0.10%

Volatility (6M)

Calculated over the trailing 6-month period

10.98%

11.19%

-0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

12.72%

14.21%

-1.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.31%

17.11%

-3.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.78%

18.46%

-3.68%

Dividends

IEU.AX vs. IJH.AX - Dividend Comparison

IEU.AX's dividend yield for the trailing twelve months is around 7.41%, more than IJH.AX's 0.81% yield.

PositionTTM20252024202320222021202020192018201720162015
IEU.AX
iShares Europe ETF (AU)		7.41%1.98%1.92%3.38%3.95%2.93%2.07%4.52%3.95%2.04%1.88%2.34%
IJH.AX
iShares S&P Mid-Cap ETF		0.81%0.79%1.13%1.49%16.43%14.04%17.94%19.86%0.00%0.00%3.05%0.00%

Frequently Asked Questions

IEU.AX and IJH.AX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IEU.AX is categorized as Europe Equities, while IJH.AX is Mid Cap Blend Equities. IEU.AX tracks iShares Europe Index, while IJH.AX tracks iShares S&P Mid-Cap Index.

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