IEUR vs. VGEK.DE

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Core MSCI Europe ETF (IEUR) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE).

IEUR and VGEK.DE 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. VGEK.DE is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Asia Pacific ex Japan. It was launched on Sep 24, 2019. Both IEUR and VGEK.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IEUR vs. VGEK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI Europe ETF (IEUR) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE). The values are adjusted to include any dividend payments, if applicable.

IEUR vs. VGEK.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IEUR iShares Core MSCI Europe ETF	-0.03%	35.67%	1.40%	19.71%	-15.90%	16.71%	5.31%	10.30%
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating	12.62%	41.15%	-4.76%	9.79%	-12.47%	0.76%	18.79%	8.98%

Different Trading Currencies

IEUR is traded in USD, while VGEK.DE is traded in EUR. To make them comparable, the VGEK.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEUR achieves a -0.03% return, which is significantly lower than VGEK.DE's 12.62% return.

IEUR

• 1D: -0.53%
• 1M: -2.37%
• YTD: -0.03%
• 6M: 3.97%
• 1Y: 21.12%
• 3Y*: 14.03%
• 5Y*: 8.60%
• 10Y*: 8.97%

VGEK.DE

• 1D: -14.93%
• 1M: -4.17%
• YTD: 12.62%
• 6M: 21.81%
• 1Y: 54.81%
• 3Y*: 17.12%
• 5Y*: 6.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IEUR vs. VGEK.DE - Expense Ratio Comparison

IEUR has a 0.09% expense ratio, which is lower than VGEK.DE'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%.

VGEK.DE

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating

IEUR

iShares Core MSCI Europe ETF

Return for Risk

IEUR vs. VGEK.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IEUR

IEUR Risk / Return Rank: 62
IEUR Sharpe Ratio Rank: 63
IEUR Sortino Ratio Rank: 64
IEUR Omega Ratio Rank: 62
IEUR Calmar Ratio Rank: 60
IEUR Martin Ratio Rank: 59

VGEK.DE

VGEK.DE Risk / Return Rank: 85
VGEK.DE Sharpe Ratio Rank: 74
VGEK.DE Sortino Ratio Rank: 79
VGEK.DE Omega Ratio Rank: 91
VGEK.DE Calmar Ratio Rank: 89
VGEK.DE Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEUR vs. VGEK.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE). 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.

	IEUR	VGEK.DE	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.63	-0.44
Sortino ratio Return per unit of downside risk	1.73	2.37	-0.64
Omega ratio Gain probability vs. loss probability	1.24	1.44	-0.19
Calmar ratio Return relative to maximum drawdown	1.79	3.82	-2.04
Martin ratio Return relative to average drawdown	6.80	16.07	-9.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEUR vs. VGEK.DE - Sharpe Ratio Comparison

The current IEUR Sharpe Ratio is 1.19, which is comparable to the VGEK.DE Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of IEUR and VGEK.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IEUR	VGEK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.63	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.32	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.44	-0.11

Correlation

The correlation between IEUR and VGEK.DE is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IEUR vs. VGEK.DE - Dividend Comparison

IEUR's dividend yield for the trailing twelve months is around 2.97%, while VGEK.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEUR iShares Core MSCI Europe ETF	2.97%	2.97%	3.54%	3.17%	3.05%	2.88%	2.13%	3.26%	3.76%	2.64%	3.19%	2.79%
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IEUR vs. VGEK.DE - Drawdown Comparison

The maximum IEUR drawdown since its inception was -36.96%, roughly equal to the maximum VGEK.DE drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for IEUR and VGEK.DE.

Drawdown Indicators

	IEUR	VGEK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.96%	-36.64%	-0.32%
Max Drawdown (1Y) Largest decline over 1 year	-12.04%	-14.55%	+2.51%
Max Drawdown (5Y) Largest decline over 5 years	-32.75%	-19.68%	-13.07%
Max Drawdown (10Y) Largest decline over 10 years	-36.96%	—	—
Current Drawdown Current decline from peak	-7.54%	-14.55%	+7.01%
Average Drawdown Average peak-to-trough decline	-8.30%	-6.19%	-2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.19%	-0.02%

Volatility

IEUR vs. VGEK.DE - Volatility Comparison

The current volatility for iShares Core MSCI Europe ETF (IEUR) is 7.23%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) has a volatility of 27.29%. This indicates that IEUR experiences smaller price fluctuations and is considered to be less risky than VGEK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEUR	VGEK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	27.29%	-20.06%
Volatility (6M) Calculated over the trailing 6-month period	10.98%	29.80%	-18.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.82%	33.38%	-15.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	21.37%	-3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	23.18%	-4.59%