IEUR vs. IEV
Compare and contrast key facts about iShares Core MSCI Europe ETF (IEUR) and iShares Europe ETF (IEV).
IEUR and IEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEUR is a passively managed fund by iShares that tracks the performance of the MSCI Europe Investable Market Index. It was launched on Jun 10, 2014. IEV is a passively managed fund by iShares that tracks the performance of the S&P Europe 350 Index. It was launched on Jul 25, 2000. Both IEUR and IEV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEUR or IEV.
Performance
IEUR vs. IEV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with IEUR having a 2.32% return and IEV slightly higher at 2.39%. Over the past 10 years, IEUR has outperformed IEV with an annualized return of 5.02%, while IEV has yielded a comparatively lower 4.62% annualized return.
IEUR
2.32%
-6.22%
-5.66%
9.05%
5.90%
5.02%
IEV
2.39%
-6.13%
-5.71%
8.75%
6.07%
4.62%
Key characteristics
| IEUR | IEV | |
|---|---|---|
| Sharpe Ratio | 0.66 | 0.66 |
| Sortino Ratio | 0.99 | 0.97 |
| Omega Ratio | 1.12 | 1.12 |
| Calmar Ratio | 0.84 | 0.85 |
| Martin Ratio | 2.83 | 2.80 |
| Ulcer Index | 3.06% | 3.02% |
| Daily Std Dev | 13.12% | 12.91% |
| Max Drawdown | -36.96% | -63.27% |
| Current Drawdown | -10.31% | -9.90% |
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IEUR vs. IEV - Expense Ratio Comparison
IEUR has a 0.09% expense ratio, which is lower than IEV's 0.59% expense ratio.
Correlation
The correlation between IEUR and IEV is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IEUR vs. IEV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and iShares Europe ETF (IEV). 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.
Dividends
IEUR vs. IEV - Dividend Comparison
IEUR's dividend yield for the trailing twelve months is around 3.19%, more than IEV's 3.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUR iShares Core MSCI Europe ETF | 3.19% | 3.17% | 3.05% | 2.87% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% | 0.64% | 0.00% |
IEV iShares Europe ETF | 3.01% | 2.77% | 3.06% | 2.81% | 1.76% | 3.06% | 3.43% | 2.39% | 3.08% | 2.81% | 3.79% | 2.33% |
Drawdowns
IEUR vs. IEV - Drawdown Comparison
The maximum IEUR drawdown since its inception was -36.96%, smaller than the maximum IEV drawdown of -63.27%. Use the drawdown chart below to compare losses from any high point for IEUR and IEV. For additional features, visit the drawdowns tool.
Volatility
IEUR vs. IEV - Volatility Comparison
iShares Core MSCI Europe ETF (IEUR) and iShares Europe ETF (IEV) have volatilities of 4.29% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.