IEUR vs. ERO
IEUR (iShares Core MSCI Europe ETF) is Europe Equities fund tracking the MSCI Europe Investable Market Index, while ERO (Ero Copper Corp) is a stock. Over the past 5 years, IEUR returned 8.29%/yr vs 5.25%/yr for ERO. At a 0.41 correlation, their price movements are largely independent.
Performance
IEUR vs. ERO - Performance Comparison
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Returns By Period
In the year-to-date period, IEUR achieves a 6.01% return, which is significantly higher than ERO's -6.54% return.
IEUR
- 1D
- -0.20%
- 1M
- -0.32%
- YTD
- 6.01%
- 6M
- 5.91%
- 1Y
- 16.58%
- 3Y*
- 16.46%
- 5Y*
- 8.29%
- 10Y*
- 10.20%
ERO
- 1D
- -4.72%
- 1M
- -2.00%
- YTD
- -6.54%
- 6M
- -3.61%
- 1Y
- 65.56%
- 3Y*
- 9.81%
- 5Y*
- 5.25%
- 10Y*
- —
IEUR vs. ERO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEUR iShares Core MSCI Europe ETF | 6.01% | 35.67% | 1.40% | 19.71% | -15.90% | 16.71% | 5.31% | 24.95% | -14.86% | 1.82% |
ERO Ero Copper Corp | -6.54% | 109.87% | -14.63% | 14.84% | -10.07% | -5.73% | -10.97% | 151.68% | 21.41% | 52.76% |
Correlation
The correlation between IEUR and ERO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.41 |
The correlation between IEUR and ERO has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
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Return for Risk
IEUR vs. ERO — Risk / Return Rank
IEUR
ERO
IEUR vs. ERO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and Ero Copper Corp (ERO). 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 | ERO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.74 | -0.35 |
| Martin ratioReturn relative to average drawdown | 5.18 | 3.62 | +1.56 |
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Drawdowns
IEUR vs. ERO - Drawdown Comparison
The maximum IEUR drawdown since its inception was -36.96%, smaller than the maximum ERO drawdown of -67.17%. Use the drawdown chart below to compare losses from any high point for IEUR and ERO.
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Drawdown Indicators
| IEUR | ERO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.96% | -67.17% | +30.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.04% | -37.97% | +25.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | -59.84% | +45.59% |
Max Drawdown (5Y)Largest decline over 5 years | -32.75% | -61.02% | +28.27% |
Max Drawdown (10Y)Largest decline over 10 years | -36.96% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -30.48% | +28.51% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -27.02% | +18.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 18.16% | -14.95% |
Volatility
IEUR vs. ERO - Volatility Comparison
The current volatility for iShares Core MSCI Europe ETF (IEUR) is 4.86%, while Ero Copper Corp (ERO) has a volatility of 26.91%. This indicates that IEUR experiences smaller price fluctuations and is considered to be less risky than ERO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEUR | ERO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 26.91% | -22.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 48.60% | -35.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 58.58% | -42.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 55.02% | -37.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 59.43% | -41.13% |
Dividends
IEUR vs. ERO - Dividend Comparison
IEUR's dividend yield for the trailing twelve months is around 3.24%, while ERO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERO Ero Copper Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEUR iShares Core MSCI Europe ETF | 3.24% | 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 ERO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERO has higher volatility (26.91%) compared to IEUR (4.86%). In terms of maximum drawdown, IEUR dropped -36.96% vs ERO's -67.17%.
ERO currently has the higher Sharpe Ratio (1.12 vs 1.06), 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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