IEUR vs. ^STOXX
IEUR (iShares Core MSCI Europe ETF) is Europe Equities fund tracking the MSCI Europe Investable Market Index, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, IEUR returned 10.11%/yr vs 7.39%/yr for ^STOXX. A 0.80 correlation means they provide meaningful diversification when combined.
Performance
IEUR vs. ^STOXX - Performance Comparison
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Different Trading Currencies
IEUR is traded in USD, while ^STOXX is traded in EUR. To make them comparable, the ^STOXX values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEUR achieves a 7.65% return, which is significantly higher than ^STOXX's 5.17% return. Over the past 10 years, IEUR has outperformed ^STOXX with an annualized return of 10.11%, while ^STOXX has yielded a comparatively lower 7.39% annualized return.
IEUR
- 1D
- 0.14%
- 1M
- 2.40%
- YTD
- 7.65%
- 6M
- 9.78%
- 1Y
- 19.09%
- 3Y*
- 16.42%
- 5Y*
- 8.26%
- 10Y*
- 10.11%
^STOXX
- 1D
- 1.77%
- 1M
- 2.27%
- YTD
- 5.17%
- 6M
- 7.89%
- 1Y
- 16.36%
- 3Y*
- 13.57%
- 5Y*
- 5.74%
- 10Y*
- 7.39%
IEUR vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEUR iShares Core MSCI Europe ETF | 7.65% | 35.67% | 1.40% | 19.71% | -15.90% | 16.71% | 5.31% | 24.95% | -14.86% | 26.70% |
^STOXX STOXX Europe 600 Index | 5.17% | 32.56% | -0.63% | 16.30% | -17.85% | 12.47% | 5.57% | 21.16% | -17.67% | 22.91% |
Correlation
The correlation between IEUR and ^STOXX is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.80 |
The correlation between IEUR and ^STOXX has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
IEUR vs. ^STOXX — Risk / Return Rank
IEUR
^STOXX
IEUR vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and STOXX Europe 600 Index (^STOXX). 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.
| IEUR | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.31 | +0.13 |
| Martin ratioReturn relative to average drawdown | 5.40 | 4.43 | +0.98 |
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Drawdowns
IEUR vs. ^STOXX - Drawdown Comparison
The maximum IEUR drawdown since its inception was -36.96%, smaller than the maximum ^STOXX drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for IEUR and ^STOXX.
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Drawdown Indicators
| IEUR | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.96% | -64.60% | +27.64% |
Max Drawdown (1Y)Largest decline over 1 year | -12.04% | -11.59% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | -15.22% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -32.75% | -33.96% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -36.96% | -39.58% | +2.62% |
Current DrawdownCurrent decline from peak | -0.44% | -2.22% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -22.90% | +14.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.43% | -0.21% |
Volatility
IEUR vs. ^STOXX - Volatility Comparison
iShares Core MSCI Europe ETF (IEUR) has a higher volatility of 5.70% compared to STOXX Europe 600 Index (^STOXX) at 3.90%. This indicates that IEUR's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEUR | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 3.90% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 12.00% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 14.51% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.81% | 17.52% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 17.76% | +0.92% |
Frequently Asked Questions
IEUR and ^STOXX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEUR has higher volatility (5.70%) compared to ^STOXX (3.90%). In terms of maximum drawdown, IEUR dropped -36.96% vs ^STOXX's -64.60%.
IEUR currently has the higher Sharpe Ratio (1.10 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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