IEUX.L vs. VUAA.DE
IEUX.L (iShares MSCI Europe ex-UK UCITS) and VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) are both exchange-traded funds - IEUX.L is a Europe Equities fund tracking the MSCI Europe ex-UK NR EUR, while VUAA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, IEUX.L returned 9.21%/yr vs 14.94%/yr for VUAA.DE. A 0.64 correlation means they provide meaningful diversification when combined. IEUX.L charges 0.40%/yr vs 0.07%/yr for VUAA.DE.
Performance
IEUX.L vs. VUAA.DE - Performance Comparison
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Different Trading Currencies
IEUX.L is traded in GBp, while VUAA.DE is traded in EUR. To make them comparable, the VUAA.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEUX.L achieves a 7.00% return, which is significantly lower than VUAA.DE's 10.54% return.
IEUX.L
- 1D
- 0.97%
- 1M
- 4.29%
- YTD
- 7.00%
- 6M
- 9.12%
- 1Y
- 18.55%
- 3Y*
- 13.29%
- 5Y*
- 9.21%
- 10Y*
- 10.42%
VUAA.DE
- 1D
- -0.00%
- 1M
- 5.47%
- YTD
- 10.54%
- 6M
- 10.37%
- 1Y
- 29.04%
- 3Y*
- 19.04%
- 5Y*
- 14.94%
- 10Y*
- —
IEUX.L vs. VUAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IEUX.L iShares MSCI Europe ex-UK UCITS | 7.00% | 25.52% | 1.87% | 14.91% | -6.98% | 16.31% | 6.81% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 10.54% | 10.13% | 26.56% | 20.08% | -9.60% | 30.83% | 9.79% |
Correlation
The correlation between IEUX.L and VUAA.DE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.64 |
The correlation between IEUX.L and VUAA.DE shifts across timeframes, from 0.51 (3 years) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEUX.L vs. VUAA.DE — Risk / Return Rank
IEUX.L
VUAA.DE
IEUX.L vs. VUAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ex-UK UCITS (IEUX.L) and Vanguard S&P 500 UCITS USD Acc ETF (VUAA.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.
| IEUX.L | VUAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.48 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 4.07 | -2.35 |
| Martin ratioReturn relative to average drawdown | 6.10 | 14.72 | -8.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEUX.L | VUAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.60 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.01 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.87 | -0.46 |
Drawdowns
IEUX.L vs. VUAA.DE - Drawdown Comparison
The maximum IEUX.L drawdown since its inception was -45.67%, which is greater than VUAA.DE's maximum drawdown of -26.26%. Use the drawdown chart below to compare losses from any high point for IEUX.L and VUAA.DE.
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Drawdown Indicators
| IEUX.L | VUAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.67% | -26.26% | -19.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -7.11% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -13.16% | -22.04% | +8.88% |
Max Drawdown (5Y)Largest decline over 5 years | -19.67% | -22.04% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -27.53% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.25% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -3.80% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.97% | +1.06% |
Volatility
IEUX.L vs. VUAA.DE - Volatility Comparison
iShares MSCI Europe ex-UK UCITS (IEUX.L) has a higher volatility of 4.10% compared to Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) at 3.03%. This indicates that IEUX.L's price experiences larger fluctuations and is considered to be riskier than VUAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEUX.L | VUAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 3.03% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 7.47% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 11.13% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 14.68% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 16.93% | -1.49% |
IEUX.L vs. VUAA.DE - Expense Ratio Comparison
IEUX.L has a 0.40% expense ratio, which is higher than VUAA.DE's 0.07% expense ratio.
Dividends
IEUX.L vs. VUAA.DE - Dividend Comparison
IEUX.L's dividend yield for the trailing twelve months is around 1.96%, while VUAA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUX.L iShares MSCI Europe ex-UK UCITS | 1.96% | 2.12% | 2.41% | 2.33% | 2.25% | 1.65% | 1.44% | 2.42% | 2.60% | 2.23% | 2.17% | 2.11% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEUX.L and VUAA.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.40% for IEUX.L.
IEUX.L is categorized as Europe Equities, while VUAA.DE is S&P 500. IEUX.L tracks MSCI Europe ex-UK NR EUR, while VUAA.DE tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for IEUX.L and 0.07% for VUAA.DE.
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