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IEUR vs. EPOL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEUR vs. EPOL

Last updated Aug 4, 2026
Documentation

IEUR (iShares Core MSCI Europe ETF) and EPOL (iShares MSCI Poland ETF) are both Europe Equities funds from iShares - IEUR tracks the MSCI Europe Investable Market Index while EPOL tracks the MSCI Poland Investable Market Index. Both are passively managed. Over the past 10 years, IEUR returned 9.93%/yr vs 11.88%/yr for EPOL. Their 0.68 correlation means they have sometimes moved together and sometimes differently. IEUR charges 0.09%/yr vs 0.61%/yr for EPOL.

Performance

IEUR vs. EPOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI Europe ETF (IEUR) and iShares MSCI Poland ETF (EPOL). 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 lower than EPOL's 22.93% return. Over the past 10 years, IEUR has underperformed EPOL with an annualized return of 9.93%, while EPOL has yielded a comparatively higher 11.88% annualized 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%

EPOL

1D
0.26%
1M
8.87%
6M
14.87%
YTD
22.93%
1Y
41.06%
3Y*
34.32%
5Y*
18.49%
10Y*
11.88%
ALL TIME*
6.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

EPOL

iShares MSCI Poland ETF
$20.70M$15.63M$16.91M

IEUR

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

IEUR vs. EPOL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEUR
iShares Core MSCI Europe ETF		10.73%35.67%1.40%19.71%-15.90%16.71%5.31%24.95%-14.86%26.70%
EPOL
iShares MSCI Poland ETF		22.93%77.34%-2.61%50.70%-24.62%12.21%-8.38%-6.13%-13.76%52.43%

Correlation

The correlation between IEUR and EPOL is 0.70, 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.

0.70

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

0.66

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

0.70

Correlation (10Y)
Provides a long-term view across more market conditions.

0.69

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2014

0.68

The correlation between IEUR and EPOL has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

IEUR vs. EPOL - Sectors Allocation Comparison

Sectors
IEUR
EPOL

Financial Services

24.0%
45.7%

Industrials

19.2%
1.8%

Healthcare

12.7%
0.7%

Technology

9.1%
1.7%

Consumer Defensive

8.2%
6.0%

Consumer Cyclical

6.7%
14.0%

Basic Materials

5.6%
7.1%

Energy

4.9%
13.2%

Utilities

4.3%
4.5%

Communication Services

3.3%
5.4%

Real Estate

1.5%

-

Financial Services

IEUR
24.0%
EPOL
45.7%

Industrials

IEUR
19.2%
EPOL
1.8%

Healthcare

IEUR
12.7%
EPOL
0.7%

Technology

IEUR
9.1%
EPOL
1.7%

Consumer Defensive

IEUR
8.2%
EPOL
6.0%

Consumer Cyclical

IEUR
6.7%
EPOL
14.0%

Basic Materials

IEUR
5.6%
EPOL
7.1%

Energy

IEUR
4.9%
EPOL
13.2%

Utilities

IEUR
4.3%
EPOL
4.5%

Communication Services

IEUR
3.3%
EPOL
5.4%

Real Estate

IEUR
1.5%
EPOL

-

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

iShares MSCI Poland ETF

Often compared with IEUR:
IEUR vs. VGKIEUR vs. IEVIEUR vs. FEZIEUR vs. IMEU.LIEUR vs. EZUIEUR vs. VOOIEUR vs. EFA
Often compared with EPOL:
EPOL vs. SPYEPOL vs. EWQEPOL vs. IBCJ.DEEPOL vs. EIRLEPOL vs. EWPEPOL vs. EWWEPOL vs. EWK

Return for Risk

IEUR vs. EPOL — 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
EPOL
EPOL Risk / Return Rank: 7777
Overall Rank
EPOL Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
EPOL Sortino Ratio Rank: 7676
Sortino Ratio Rank
EPOL Omega Ratio Rank: 6868
Omega Ratio Rank
EPOL Calmar Ratio Rank: 8989
Calmar Ratio Rank
EPOL Martin Ratio Rank: 7777
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. EPOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and iShares MSCI Poland ETF (EPOL). 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.

IEUREPOLDifference
Sharpe ratioReturn per unit of total volatility
1.53
1.79

-0.26

Sortino ratioReturn per unit of downside risk
2.22
2.52

-0.30

Omega ratioGain probability vs. loss probability

1.27

1.29

-0.02

Calmar ratioReturn relative to maximum drawdown

2.00

3.74

-1.74

Martin ratioReturn relative to average drawdown

7.69

10.10

-2.41

IEUR vs. EPOL - Sharpe Ratio Comparison

The current IEUR Sharpe Ratio is 1.53, which is comparable to the EPOL Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of IEUR and EPOL, 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. EPOL - Drawdown Comparison

The maximum IEUR drawdown since its inception was -36.96%, smaller than the maximum EPOL drawdown of -63.72%. Use the drawdown chart below to compare losses from any high point for IEUR and EPOL.

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Drawdown Indicators

IEUREPOLDifference

Max Drawdown

Largest peak-to-trough decline

-36.96%

-63.72%

+26.76%

Max Drawdown (1Y)

Largest decline over 1 year

-12.04%

-11.04%

-1.00%

Max Drawdown (3Y)

Largest decline over 3 years

-14.25%

-19.56%

+5.31%

Max Drawdown (5Y)

Largest decline over 5 years

-32.75%

-54.21%

+21.46%

Max Drawdown (10Y)

Largest decline over 10 years

-36.96%

-61.41%

+24.45%

Current Drawdown

Current decline from peak

-0.08%

0.00%

-0.08%

Average Drawdown

Average peak-to-trough decline

-8.13%

-26.64%

+18.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.12%

4.07%

-0.95%

Volatility

IEUR vs. EPOL - Volatility Comparison

The current volatility for iShares Core MSCI Europe ETF (IEUR) is 4.09%, while iShares MSCI Poland ETF (EPOL) has a volatility of 5.07%. This indicates that IEUR experiences smaller price fluctuations and is considered to be less risky than EPOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEUREPOLDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

5.07%

-0.98%

Volatility (6M)

Calculated over the trailing 6-month period

13.68%

18.21%

-4.53%

Volatility (1Y)

Calculated over the trailing 1-year period

15.78%

23.11%

-7.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.81%

29.13%

-11.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.23%

27.40%

-9.17%

IEUR vs. EPOL - Expense Ratio Comparison

IEUR has a 0.09% expense ratio, which is lower than EPOL's 0.61% expense ratio.

Dividends

IEUR vs. EPOL - Dividend Comparison

IEUR's dividend yield for the trailing twelve months is around 3.11%, less than EPOL's 3.43% yield.

PositionTTM20252024202320222021202020192018201720162015
EPOL
iShares MSCI Poland ETF		3.43%4.78%6.04%2.87%2.65%1.33%1.44%2.51%1.44%1.88%2.14%2.53%
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 EPOL have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPOL has higher volatility (5.07%) compared to IEUR (4.09%). In terms of maximum drawdown, IEUR dropped -36.96% vs EPOL's -63.72%.

On 10-year performance, EPOL leads with 11.88% vs 9.93% for IEUR. On fees, IEUR is cheaper at 0.09% per year. On volatility, IEUR has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EPOL has performed better with a 11.88% return vs 9.93%. 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 0.61% for EPOL.

EPOL has the higher dividend yield at 3.43%, compared with 3.11% for IEUR.

IEUR tracks MSCI Europe Investable Market Index, while EPOL tracks MSCI Poland Investable Market Index. Their fees differ too: 0.09% for IEUR and 0.61% for EPOL.

EPOL currently has the higher Sharpe Ratio (1.79 vs 1.53), 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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