IEUR vs. QUAL
Compare and contrast key facts about iShares Core MSCI Europe ETF (IEUR) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
IEUR and QUAL 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. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. Both IEUR and QUAL 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 QUAL.
Key characteristics
| IEUR | QUAL | |
|---|---|---|
| YTD Return | 2.56% | 6.92% |
| 1Y Return | 6.93% | 25.73% |
| 3Y Return (Ann) | 3.00% | 8.60% |
| 5Y Return (Ann) | 6.80% | 13.25% |
| Sharpe Ratio | 0.52 | 2.08 |
| Daily Std Dev | 13.20% | 12.47% |
| Max Drawdown | -36.96% | -34.06% |
| Current Drawdown | -2.72% | -5.13% |
Correlation
The correlation between IEUR and QUAL is 0.74, 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.
Performance
IEUR vs. QUAL - Performance Comparison
In the year-to-date period, IEUR achieves a 2.56% return, which is significantly lower than QUAL's 6.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEUR vs. QUAL - Expense Ratio Comparison
IEUR has a 0.09% expense ratio, which is lower than QUAL's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IEUR vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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. QUAL - Dividend Comparison
IEUR's dividend yield for the trailing twelve months is around 3.09%, more than QUAL's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUR iShares Core MSCI Europe ETF | 3.09% | 3.17% | 3.05% | 2.88% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% | 0.64% | 0.00% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 1.16% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
IEUR vs. QUAL - Drawdown Comparison
The maximum IEUR drawdown since its inception was -36.96%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for IEUR and QUAL. For additional features, visit the drawdowns tool.
Volatility
IEUR vs. QUAL - Volatility Comparison
The current volatility for iShares Core MSCI Europe ETF (IEUR) is 3.77%, while iShares Edge MSCI USA Quality Factor ETF (QUAL) has a volatility of 4.11%. This indicates that IEUR experiences smaller price fluctuations and is considered to be less risky than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.