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IEUR vs. ADIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEUR vs. ADIV

Last updated Aug 4, 2026
Documentation

IEUR (iShares Core MSCI Europe ETF) and ADIV (SmartETFs Asia Pacific Dividend Builder ETF) are both exchange-traded funds - IEUR is a Europe Equities fund tracking the MSCI Europe Investable Market Index, while ADIV is a Asia Pacific Equities fund actively managed by Guinness Atkinson. IEUR is passively managed, while ADIV is actively managed. Over the past 5 years, IEUR returned 8.96%/yr vs 7.44%/yr for ADIV. Their 0.71 correlation means they have sometimes moved together and sometimes differently. IEUR charges 0.09%/yr vs 0.78%/yr for ADIV.

Performance

IEUR vs. ADIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI Europe ETF (IEUR) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IEUR achieves a 10.73% return, which is significantly higher than ADIV's 9.36% return.

IEUR

1D
0.42%
1M
1.50%
6M
5.01%
YTD
10.73%
1Y
23.97%
3Y*
17.31%
5Y*
8.96%
10Y*
9.93%
ALL TIME*
6.74%

ADIV

1D
-0.18%
1M
5.86%
6M
5.97%
YTD
9.36%
1Y
14.26%
3Y*
16.44%
5Y*
7.44%
10Y*
—
ALL TIME*
6.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ADIV

SmartETFs Asia Pacific Dividend Builder ETF
$157.34K$97.25K$105.89K

IEUR

iShares Core MSCI Europe ETF
$74.86M$57.66M$73.75M

IEUR vs. ADIV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IEUR
iShares Core MSCI Europe ETF		10.73%35.67%1.40%19.71%-15.90%10.51%
ADIV
SmartETFs Asia Pacific Dividend Builder ETF		9.36%21.86%14.47%12.28%-18.00%1.41%

Correlation

The correlation between IEUR and ADIV is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.66

Correlation (3Y)
Balances recent behavior with more history.

0.67

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.71

Correlation (All Time)
Calculated using the full available price history since Mar 29, 2021

0.71

The correlation between IEUR and ADIV has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

IEUR vs. ADIV - Sectors Allocation Comparison

Sectors
IEUR
ADIV

Financial Services

24.0%
32.2%

Industrials

19.2%
2.5%

Healthcare

12.7%
5.2%

Technology

9.1%
25.8%

Consumer Defensive

8.2%
4.8%

Consumer Cyclical

6.7%
15.9%

Basic Materials

5.6%

-

Energy

4.9%

-

Utilities

4.3%
2.0%

Communication Services

3.3%
3.5%

Real Estate

1.5%
8.1%

Financial Services

IEUR
24.0%
ADIV
32.2%

Industrials

IEUR
19.2%
ADIV
2.5%

Healthcare

IEUR
12.7%
ADIV
5.2%

Technology

IEUR
9.1%
ADIV
25.8%

Consumer Defensive

IEUR
8.2%
ADIV
4.8%

Consumer Cyclical

IEUR
6.7%
ADIV
15.9%

Basic Materials

IEUR
5.6%
ADIV

-

Energy

IEUR
4.9%
ADIV

-

Utilities

IEUR
4.3%
ADIV
2.0%

Communication Services

IEUR
3.3%
ADIV
3.5%

Real Estate

IEUR
1.5%
ADIV
8.1%

Compare stocks, funds, or ETFs

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

iShares Core MSCI Europe ETF

SmartETFs Asia Pacific Dividend Builder ETF

Often compared with IEUR:
IEUR vs. VGKIEUR vs. IEVIEUR vs. FEZIEUR vs. IMEU.LIEUR vs. EZUIEUR vs. VOOIEUR vs. EFA
Often compared with ADIV:
ADIV vs. CNADIV vs. CEA1.LADIV vs. EWSADIV vs. EUFNADIV vs. FPAADIV vs. VFV.TOADIV vs. EFAS

Return for Risk

IEUR vs. ADIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IEUR
IEUR Risk / Return Rank: 6262
Overall Rank
IEUR Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IEUR Sortino Ratio Rank: 6666
Sortino Ratio Rank
IEUR Omega Ratio Rank: 6161
Omega Ratio Rank
IEUR Calmar Ratio Rank: 5555
Calmar Ratio Rank
IEUR Martin Ratio Rank: 6262
Martin Ratio Rank
ADIV
ADIV Risk / Return Rank: 3939
Overall Rank
ADIV Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
ADIV Sortino Ratio Rank: 3838
Sortino Ratio Rank
ADIV Omega Ratio Rank: 3737
Omega Ratio Rank
ADIV Calmar Ratio Rank: 3939
Calmar Ratio Rank
ADIV Martin Ratio Rank: 4040
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IEUR vs. ADIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). 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.

IEURADIVDifference
Sharpe ratioReturn per unit of total volatility
1.53
1.01

+0.52

Sortino ratioReturn per unit of downside risk
2.22
1.48

+0.74

Omega ratioGain probability vs. loss probability

1.27

1.18

+0.09

Calmar ratioReturn relative to maximum drawdown

2.00

1.41

+0.59

Martin ratioReturn relative to average drawdown

7.69

4.36

+3.33

IEUR vs. ADIV - Sharpe Ratio Comparison

The current IEUR Sharpe Ratio is 1.53, which is higher than the ADIV Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of IEUR and ADIV, 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

IEUR vs. ADIV - Drawdown Comparison

The maximum IEUR drawdown since its inception was -36.96%, which is greater than ADIV's maximum drawdown of -31.55%. Use the drawdown chart below to compare losses from any high point for IEUR and ADIV.

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Drawdown Indicators

IEURADIVDifference

Max Drawdown

Largest peak-to-trough decline

-36.96%

-31.55%

-5.41%

Max Drawdown (1Y)

Largest decline over 1 year

-12.04%

-10.15%

-1.89%

Max Drawdown (3Y)

Largest decline over 3 years

-14.25%

-18.53%

+4.28%

Max Drawdown (5Y)

Largest decline over 5 years

-32.75%

-31.55%

-1.20%

Max Drawdown (10Y)

Largest decline over 10 years

-36.96%

—

—

Current Drawdown

Current decline from peak

-0.08%

-1.14%

+1.06%

Average Drawdown

Average peak-to-trough decline

-8.13%

-8.26%

+0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.12%

3.27%

-0.15%

Volatility

IEUR vs. ADIV - Volatility Comparison

iShares Core MSCI Europe ETF (IEUR) has a higher volatility of 4.09% compared to SmartETFs Asia Pacific Dividend Builder ETF (ADIV) at 3.89%. This indicates that IEUR's price experiences larger fluctuations and is considered to be riskier than ADIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEURADIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

3.89%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

13.68%

11.59%

+2.09%

Volatility (1Y)

Calculated over the trailing 1-year period

15.78%

14.20%

+1.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.81%

16.61%

+1.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.23%

16.34%

+1.89%

IEUR vs. ADIV - Expense Ratio Comparison

IEUR has a 0.09% expense ratio, which is lower than ADIV's 0.78% expense ratio.

Dividends

IEUR vs. ADIV - Dividend Comparison

IEUR's dividend yield for the trailing twelve months is around 3.11%, more than ADIV's 2.88% yield.

PositionTTM20252024202320222021202020192018201720162015
ADIV
SmartETFs Asia Pacific Dividend Builder ETF		2.88%2.77%4.83%4.55%2.98%13.85%0.00%0.00%0.00%0.00%0.00%0.00%
IEUR
iShares Core MSCI Europe ETF		3.11%2.97%3.54%3.17%3.05%2.88%2.13%3.26%3.76%2.64%3.19%2.79%

Frequently Asked Questions

IEUR and ADIV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IEUR has higher volatility (4.09%) compared to ADIV (3.89%). In terms of maximum drawdown, IEUR dropped -36.96% vs ADIV's -31.55%.

On 5-year performance, IEUR leads with 8.96% vs 7.44% for ADIV. On fees, IEUR is cheaper at 0.09% per year. On volatility, ADIV has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IEUR has performed better with a 8.96% return vs 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IEUR is cheaper with a 0.09% expense ratio, compared with 0.78% for ADIV.

IEUR has the higher dividend yield at 3.11%, compared with 2.88% for ADIV.

IEUR is categorized as Europe Equities, while ADIV is Asia Pacific Equities. They also come from different issuers: iShares and Guinness Atkinson. Their fees differ too: 0.09% for IEUR and 0.78% for ADIV.

IEUR currently has the higher Sharpe Ratio (1.53 vs 1.01), 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.

Portfolio Optimizer

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