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IEV vs. BBEU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEV vs. BBEU

Last updated Jun 5, 2026

IEV (iShares Europe ETF) and BBEU (JPMorgan BetaBuilders Europe ETF) are both Europe Equities funds - IEV tracks the S&P Europe 350 Index while BBEU tracks the Morningstar Developed Europe Target Market Exposure Index. Both are passively managed. Over the past 5 years, IEV returned 8.80%/yr vs 9.03%/yr for BBEU. With a 0.99 correlation, they move nearly in lockstep. IEV charges 0.59%/yr vs 0.09%/yr for BBEU.

Performance

IEV vs. BBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Europe ETF (IEV) and JPMorgan BetaBuilders Europe ETF (BBEU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IEV having a 6.59% return and BBEU slightly higher at 6.77%.

IEV

1D
1.15%
1M
2.48%
YTD
6.59%
6M
9.69%
1Y
18.09%
3Y*
16.65%
5Y*
8.80%
10Y*
9.15%

BBEU

1D
1.18%
1M
2.36%
YTD
6.77%
6M
9.98%
1Y
18.96%
3Y*
17.22%
5Y*
9.03%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEV vs. BBEU - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IEV
iShares Europe ETF		6.59%35.63%1.36%20.14%-14.24%16.73%4.07%24.03%-13.13%
BBEU
JPMorgan BetaBuilders Europe ETF		6.77%36.37%1.85%20.31%-14.72%17.50%5.00%23.96%-13.25%

Correlation

The correlation between IEV and BBEU is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.99

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2018

0.99

The correlation between IEV and BBEU has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

IEV vs. BBEU - Sectors Allocation Comparison

Sectors
IEV
BBEU

Financial Services

23.9%
21.8%

Industrials

19.3%
14.8%

Healthcare

13.1%
10.7%

Technology

8.7%
7.7%

Consumer Defensive

8.3%
8.4%

Consumer Cyclical

6.7%
4.7%

Basic Materials

5.7%
4.5%

Energy

5.6%
3.4%

Utilities

5.0%
3.0%

Communication Services

2.9%
2.8%

Real Estate

0.8%
0.3%

Financial Services

IEV
23.9%
BBEU
21.8%

Industrials

IEV
19.3%
BBEU
14.8%

Healthcare

IEV
13.1%
BBEU
10.7%

Technology

IEV
8.7%
BBEU
7.7%

Consumer Defensive

IEV
8.3%
BBEU
8.4%

Consumer Cyclical

IEV
6.7%
BBEU
4.7%

Basic Materials

IEV
5.7%
BBEU
4.5%

Energy

IEV
5.6%
BBEU
3.4%

Utilities

IEV
5.0%
BBEU
3.0%

Communication Services

IEV
2.9%
BBEU
2.8%

Real Estate

IEV
0.8%
BBEU
0.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Europe ETF

JPMorgan BetaBuilders Europe ETF

Often compared with IEV:
IEV vs. VGKIEV vs. IEURIEV vs. SPYIEV vs. FEZIEV vs. EZUIEV vs. VOOIEV vs. SPEU
Often compared with BBEU:
BBEU vs. BBAXBBEU vs. SCHDBBEU vs. SCHYBBEU vs. TTAIBBEU vs. VOOBBEU vs. FSPSXBBEU vs. ^GSPC

Return for Risk

IEV vs. BBEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEV
IEV Risk / Return Rank: 3333
Overall Rank
IEV Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
IEV Sortino Ratio Rank: 3333
Sortino Ratio Rank
IEV Omega Ratio Rank: 3232
Omega Ratio Rank
IEV Calmar Ratio Rank: 3131
Calmar Ratio Rank
IEV Martin Ratio Rank: 3636
Martin Ratio Rank
BBEU
BBEU Risk / Return Rank: 3434
Overall Rank
BBEU Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
BBEU Sortino Ratio Rank: 3535
Sortino Ratio Rank
BBEU Omega Ratio Rank: 3333
Omega Ratio Rank
BBEU Calmar Ratio Rank: 3232
Calmar Ratio Rank
BBEU Martin Ratio Rank: 3838
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.

IEV vs. BBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Europe ETF (IEV) and JPMorgan BetaBuilders Europe ETF (BBEU). 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.

IEVBBEUDifference
Sharpe ratioReturn per unit of total volatility
1.16
1.23

-0.06

Sortino ratioReturn per unit of downside risk
1.71
1.79

-0.09

Omega ratioGain probability vs. loss probability

1.21

1.22

-0.01

Calmar ratioReturn relative to maximum drawdown

1.48

1.56

-0.08

Martin ratioReturn relative to average drawdown

5.40

5.78

-0.39

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

IEV vs. BBEU - Sharpe Ratio Comparison

The current IEV Sharpe Ratio is 1.16, which is comparable to the BBEU Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of IEV and BBEU, 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

IEVBBEUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

1.23

-0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.52

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.48

-0.24

Drawdowns

IEV vs. BBEU - Drawdown Comparison

The maximum IEV drawdown since its inception was -63.27%, which is greater than BBEU's maximum drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for IEV and BBEU.

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Drawdown Indicators

IEVBBEUDifference

Max Drawdown

Largest peak-to-trough decline

-63.27%

-36.27%

-27.00%

Max Drawdown (1Y)

Largest decline over 1 year

-12.31%

-12.23%

-0.08%

Max Drawdown (3Y)

Largest decline over 3 years

-14.63%

-14.23%

-0.40%

Max Drawdown (5Y)

Largest decline over 5 years

-30.60%

-31.08%

+0.48%

Max Drawdown (10Y)

Largest decline over 10 years

-36.62%

—

—

Current Drawdown

Current decline from peak

-1.65%

-1.50%

-0.15%

Average Drawdown

Average peak-to-trough decline

-15.04%

-6.14%

-8.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

3.29%

+0.07%

Volatility

IEV vs. BBEU - Volatility Comparison

iShares Europe ETF (IEV) and JPMorgan BetaBuilders Europe ETF (BBEU) have volatilities of 5.56% and 5.55%, 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.

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Volatility by Period

IEVBBEUDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.56%

5.55%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.99%

13.02%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

15.62%

15.51%

+0.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.58%

17.50%

+0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.66%

19.32%

-0.66%

IEV vs. BBEU - Expense Ratio Comparison

IEV has a 0.59% expense ratio, which is higher than BBEU's 0.09% expense ratio.

Dividends

IEV vs. BBEU - Dividend Comparison

IEV's dividend yield for the trailing twelve months is around 2.56%, less than BBEU's 2.78% yield.

PositionTTM20252024202320222021202020192018201720162015
BBEU
JPMorgan BetaBuilders Europe ETF		2.78%2.83%4.16%2.94%4.72%2.63%2.29%3.24%0.49%0.00%0.00%0.00%
IEV
iShares Europe ETF		2.56%2.73%3.10%2.77%3.06%2.81%1.76%3.06%3.43%2.39%3.08%2.81%

Frequently Asked Questions

With a correlation of 0.99, IEV and BBEU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IEV has higher volatility (5.56%) compared to BBEU (5.55%). In terms of maximum drawdown, IEV dropped -63.27% vs BBEU's -36.27%.

On 5-year performance, BBEU leads with 9.03% vs 8.80% for IEV. On fees, BBEU is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BBEU has performed better with a 9.03% return vs 8.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BBEU is cheaper with a 0.09% expense ratio, compared with 0.59% for IEV.

BBEU has the higher dividend yield at 2.78%, compared with 2.56% for IEV.

IEV tracks S&P Europe 350 Index, while BBEU tracks Morningstar Developed Europe Target Market Exposure Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.59% for IEV and 0.09% for BBEU.

BBEU currently has the higher Sharpe Ratio (1.23 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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