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IEUX.AS vs. DJSC.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEUX.AS vs. DJSC.AS

Last updated Jun 4, 2026

IEUX.AS (iShares MSCI Europe ex-UK UCITS ETF) and DJSC.AS (iShares EURO STOXX Small UCITS ETF) are both Europe Equities funds from iShares - IEUX.AS tracks the MSCI Europe Ex UK NR EUR while DJSC.AS tracks the MSCI EMU SMID NR EUR. Both are passively managed. Over the past 10 years, IEUX.AS returned 9.33%/yr vs 8.71%/yr for DJSC.AS. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.

Performance

IEUX.AS vs. DJSC.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Europe ex-UK UCITS ETF (IEUX.AS) and iShares EURO STOXX Small UCITS ETF (DJSC.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IEUX.AS achieves a 6.39% return, which is significantly lower than DJSC.AS's 9.46% return. Over the past 10 years, IEUX.AS has outperformed DJSC.AS with an annualized return of 9.33%, while DJSC.AS has yielded a comparatively lower 8.71% annualized return.

IEUX.AS

1D
-0.82%
1M
4.66%
YTD
6.39%
6M
9.74%
1Y
14.70%
3Y*
12.75%
5Y*
8.88%
10Y*
9.33%

DJSC.AS

1D
-0.48%
1M
4.65%
YTD
9.46%
6M
12.92%
1Y
19.20%
3Y*
10.86%
5Y*
5.18%
10Y*
8.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEUX.AS vs. DJSC.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEUX.AS
iShares MSCI Europe ex-UK UCITS ETF		6.39%19.55%7.52%17.22%-12.30%25.00%1.67%26.50%-10.21%11.50%
DJSC.AS
iShares EURO STOXX Small UCITS ETF		9.46%21.43%-2.89%12.25%-14.19%21.56%8.54%25.52%-12.83%22.19%

Correlation

The correlation between IEUX.AS and DJSC.AS is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.85

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (10Y)
Calculated over the trailing 10-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Aug 2, 2006

0.85

The correlation between IEUX.AS and DJSC.AS has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

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iShares MSCI Europe ex-UK UCITS ETF

iShares EURO STOXX Small UCITS ETF

Often compared with IEUX.AS:
IEUX.AS vs. VGKIEUX.AS vs. VUSA.ASIEUX.AS vs. GLDIEUX.AS vs. XGEN.DEIEUX.AS vs. SPYIEUX.AS vs. IMEU.ASIEUX.AS vs. VERX.AS
Often compared with DJSC.AS:
DJSC.AS vs. TDT.ASDJSC.AS vs. TEET.ASDJSC.AS vs. IDJG.ASDJSC.AS vs. VEUR.ASDJSC.AS vs. IMEU.ASDJSC.AS vs. IDVY.ASDJSC.AS vs. IAEX.AS

Return for Risk

IEUX.AS vs. DJSC.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEUX.AS
IEUX.AS Risk / Return Rank: 3131
Overall Rank
IEUX.AS Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
IEUX.AS Sortino Ratio Rank: 3030
Sortino Ratio Rank
IEUX.AS Omega Ratio Rank: 3030
Omega Ratio Rank
IEUX.AS Calmar Ratio Rank: 3030
Calmar Ratio Rank
IEUX.AS Martin Ratio Rank: 3636
Martin Ratio Rank
DJSC.AS
DJSC.AS Risk / Return Rank: 3838
Overall Rank
DJSC.AS Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
DJSC.AS Sortino Ratio Rank: 3939
Sortino Ratio Rank
DJSC.AS Omega Ratio Rank: 3939
Omega Ratio Rank
DJSC.AS Calmar Ratio Rank: 3434
Calmar Ratio Rank
DJSC.AS Martin Ratio Rank: 4141
Martin Ratio Rank
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.

IEUX.AS vs. DJSC.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ex-UK UCITS ETF (IEUX.AS) and iShares EURO STOXX Small UCITS ETF (DJSC.AS). 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.

IEUX.ASDJSC.ASDifference
Sharpe ratioReturn per unit of total volatility
1.07
1.37

-0.30

Sortino ratioReturn per unit of downside risk
1.63
1.98

-0.35

Omega ratioGain probability vs. loss probability

1.20

1.25

-0.05

Calmar ratioReturn relative to maximum drawdown

1.46

1.64

-0.18

Martin ratioReturn relative to average drawdown

5.39

6.32

-0.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEUX.AS vs. DJSC.AS - Sharpe Ratio Comparison

The current IEUX.AS Sharpe Ratio is 1.07, which is comparable to the DJSC.AS Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of IEUX.AS and DJSC.AS, 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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Sharpe Ratios by Period

IEUX.ASDJSC.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.07

1.37

-0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.32

+0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.53

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.37

-0.07

Drawdowns

IEUX.AS vs. DJSC.AS - Drawdown Comparison

The maximum IEUX.AS drawdown since its inception was -60.28%, roughly equal to the maximum DJSC.AS drawdown of -63.04%. Use the drawdown chart below to compare losses from any high point for IEUX.AS and DJSC.AS.

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Drawdown Indicators

IEUX.ASDJSC.ASDifference

Max Drawdown

Largest peak-to-trough decline

-60.28%

-63.04%

+2.76%

Max Drawdown (1Y)

Largest decline over 1 year

-9.94%

-11.56%

+1.62%

Max Drawdown (3Y)

Largest decline over 3 years

-16.22%

-16.05%

-0.17%

Max Drawdown (5Y)

Largest decline over 5 years

-22.47%

-28.17%

+5.70%

Max Drawdown (10Y)

Largest decline over 10 years

-34.79%

-35.90%

+1.11%

Current Drawdown

Current decline from peak

-2.02%

-1.09%

-0.93%

Average Drawdown

Average peak-to-trough decline

-14.68%

-13.33%

-1.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

3.01%

-0.31%

Volatility

IEUX.AS vs. DJSC.AS - Volatility Comparison

iShares MSCI Europe ex-UK UCITS ETF (IEUX.AS) has a higher volatility of 4.86% compared to iShares EURO STOXX Small UCITS ETF (DJSC.AS) at 4.38%. This indicates that IEUX.AS's price experiences larger fluctuations and is considered to be riskier than DJSC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEUX.ASDJSC.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.86%

4.38%

+0.48%

Volatility (6M)

Calculated over the trailing 6-month period

11.18%

11.74%

-0.56%

Volatility (1Y)

Calculated over the trailing 1-year period

13.58%

13.87%

-0.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.96%

16.21%

-1.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.72%

16.35%

-0.63%

IEUX.AS vs. DJSC.AS - Expense Ratio Comparison

Both IEUX.AS and DJSC.AS have an expense ratio of 0.40%.

Dividends

IEUX.AS vs. DJSC.AS - Dividend Comparison

IEUX.AS's dividend yield for the trailing twelve months is around 2.00%, less than DJSC.AS's 2.40% yield.

PositionTTM20252024202320222021202020192018201720162015
DJSC.AS
iShares EURO STOXX Small UCITS ETF		2.40%3.00%2.66%2.24%2.22%1.48%1.20%2.01%2.48%1.81%2.10%2.12%
IEUX.AS
iShares MSCI Europe ex-UK UCITS ETF		2.00%2.15%2.36%2.37%2.34%1.62%1.43%2.33%2.65%2.27%2.31%2.16%

Frequently Asked Questions

IEUX.AS and DJSC.AS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IEUX.AS and DJSC.AS have the same expense ratio: 0.40% per year.

IEUX.AS tracks MSCI Europe Ex UK NR EUR, while DJSC.AS tracks MSCI EMU SMID NR EUR.

Portfolio Optimizer

Find the right allocation for IEUX.AS and DJSC.AS

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