PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IEU.AX vs. IOO.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEU.AX vs. IOO.AX

Last updated Jul 18, 2026
Documentation

IEU.AX (iShares Europe ETF (AU)) and IOO.AX (iShares Global 100 ETF (AU)) are both exchange-traded funds - IEU.AX is a Europe Equities fund tracking the iShares Europe Index, while IOO.AX is a Global Equities fund tracking the iShares Global 100 Index. Both are passively managed. Over the past 10 years, IEU.AX returned 10.46%/yr vs 26.38%/yr for IOO.AX. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

IEU.AX vs. IOO.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 Global 100 ETF (AU) (IOO.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IEU.AX achieves a 2.75% return, which is significantly lower than IOO.AX's 4.57% return. Over the past 10 years, IEU.AX has underperformed IOO.AX with an annualized return of 10.46%, while IOO.AX has yielded a comparatively higher 26.38% 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%

IOO.AX

1D
-1.55%
1M
0.24%
6M
3.72%
YTD
4.57%
1Y
17.05%
3Y*
21.30%
5Y*
16.79%
10Y*
26.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEU.AX vs. IOO.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%
IOO.AX
iShares Global 100 ETF (AU)		4.57%17.51%38.35%26.79%-9.28%33.94%8.50%31.60%106.38%19.52%

Correlation

The correlation between IEU.AX and IOO.AX is 0.55, 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

0.55

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

0.50

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

0.60

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

0.66

Correlation (All Time)
Calculated using the full available price history since Oct 10, 2007

0.67

The correlation between IEU.AX and IOO.AX shifts across timeframes, from 0.50 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.

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 Global 100 ETF (AU)

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 IOO.AX:
IOO.AX vs. GLIN.AXIOO.AX vs. IAA.AXIOO.AX vs. IHOO.AXIOO.AX vs. IKO.AXIOO.AX vs. ILB.AXIOO.AX vs. ILC.AXIOO.AX vs. MVOL.AX

Return for Risk

IEU.AX vs. IOO.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
IOO.AX
IOO.AX Risk / Return Rank: 4444
Overall Rank
IOO.AX Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IOO.AX Sortino Ratio Rank: 4949
Sortino Ratio Rank
IOO.AX Omega Ratio Rank: 5353
Omega Ratio Rank
IOO.AX Calmar Ratio Rank: 3434
Calmar Ratio Rank
IOO.AX Martin Ratio Rank: 3434
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. IOO.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Europe ETF (AU) (IEU.AX) and iShares Global 100 ETF (AU) (IOO.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.AXIOO.AXDifference
Sharpe ratioReturn per unit of total volatility
0.62
1.35

-0.72

Sortino ratioReturn per unit of downside risk
0.96
1.88

-0.93

Omega ratioGain probability vs. loss probability

1.12

1.25

-0.13

Calmar ratioReturn relative to maximum drawdown

0.66

1.33

-0.67

Martin ratioReturn relative to average drawdown

2.10

3.76

-1.66

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

The current IEU.AX Sharpe Ratio is 0.62, which is lower than the IOO.AX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of IEU.AX and IOO.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.

Loading charts...

Drawdowns

IEU.AX vs. IOO.AX - Drawdown Comparison

The maximum IEU.AX drawdown since its inception was -38.80%, which is greater than IOO.AX's maximum drawdown of -31.99%. Use the drawdown chart below to compare losses from any high point for IEU.AX and IOO.AX.

Loading charts...

Drawdown Indicators

IEU.AXIOO.AXDifference

Max Drawdown

Largest peak-to-trough decline

-38.80%

-31.99%

-6.81%

Max Drawdown (1Y)

Largest decline over 1 year

-12.04%

-12.31%

+0.27%

Max Drawdown (3Y)

Largest decline over 3 years

-12.04%

-16.21%

+4.17%

Max Drawdown (5Y)

Largest decline over 5 years

-21.67%

-17.02%

-4.65%

Max Drawdown (10Y)

Largest decline over 10 years

-29.90%

-22.18%

-7.72%

Current Drawdown

Current decline from peak

-2.78%

-1.55%

-1.23%

Average Drawdown

Average peak-to-trough decline

-10.63%

-6.80%

-3.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.82%

4.43%

-0.61%

Volatility

IEU.AX vs. IOO.AX - Volatility Comparison

The current volatility for iShares Europe ETF (AU) (IEU.AX) is 2.73%, while iShares Global 100 ETF (AU) (IOO.AX) has a volatility of 4.07%. This indicates that IEU.AX experiences smaller price fluctuations and is considered to be less risky than IOO.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IEU.AXIOO.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.73%

4.07%

-1.34%

Volatility (6M)

Calculated over the trailing 6-month period

10.98%

9.31%

+1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

12.72%

12.17%

+0.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.31%

13.91%

-0.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.78%

34.55%

-19.77%

Dividends

IEU.AX vs. IOO.AX - Dividend Comparison

IEU.AX's dividend yield for the trailing twelve months is around 7.41%, more than IOO.AX's 0.93% 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%
IOO.AX
iShares Global 100 ETF (AU)		0.93%0.77%0.51%1.90%3.18%1.85%1.89%3.35%1.22%6.14%3.68%5.90%

Frequently Asked Questions

IEU.AX and IOO.AX have a correlation of 0.55, 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 IOO.AX is Global Equities. IEU.AX tracks iShares Europe Index, while IOO.AX tracks iShares Global 100 Index.

Portfolio Optimizer

Find the right allocation for IEU.AX and IOO.AX

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

Open Portfolio Optimizer