IEV vs. MAIIX
Compare and contrast key facts about iShares Europe ETF (IEV) and iShares MSCI EAFE International Index Fund (MAIIX).
IEV is a passively managed fund by iShares that tracks the performance of the S&P Europe 350 Index. It was launched on Jul 25, 2000. MAIIX is managed by BlackRock. It was launched on Apr 9, 1997.
Performance
IEV vs. MAIIX - Performance Comparison
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IEV vs. MAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEV iShares Europe ETF | -0.96% | 35.63% | 1.36% | 20.14% | -14.24% | 16.73% | 4.07% | 24.03% | -14.68% | 24.84% |
MAIIX iShares MSCI EAFE International Index Fund | -1.86% | 31.62% | 3.65% | 18.35% | -14.15% | 11.25% | 8.03% | 21.82% | -13.43% | 25.24% |
Returns By Period
In the year-to-date period, IEV achieves a -0.96% return, which is significantly higher than MAIIX's -1.86% return. Both investments have delivered pretty close results over the past 10 years, with IEV having a 8.80% annualized return and MAIIX not far behind at 8.55%.
IEV
- 1D
- 3.19%
- 1M
- -8.06%
- YTD
- -0.96%
- 6M
- 4.91%
- 1Y
- 20.15%
- 3Y*
- 13.99%
- 5Y*
- 9.00%
- 10Y*
- 8.80%
MAIIX
- 1D
- 0.37%
- 1M
- -10.85%
- YTD
- -1.86%
- 6M
- 2.38%
- 1Y
- 19.60%
- 3Y*
- 13.40%
- 5Y*
- 7.90%
- 10Y*
- 8.55%
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IEV vs. MAIIX - Expense Ratio Comparison
IEV has a 0.59% expense ratio, which is higher than MAIIX's 0.09% expense ratio.
Return for Risk
IEV vs. MAIIX — Risk / Return Rank
IEV
MAIIX
IEV vs. MAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Europe ETF (IEV) and iShares MSCI EAFE International Index Fund (MAIIX). 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.
| IEV | MAIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.09 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.53 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.54 | -0.01 |
Martin ratioReturn relative to average drawdown | 5.87 | 5.87 | 0.00 |
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
| IEV | MAIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.09 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.50 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.52 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.29 | -0.07 |
Correlation
The correlation between IEV and MAIIX is 0.89, 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.
Dividends
IEV vs. MAIIX - Dividend Comparison
IEV's dividend yield for the trailing twelve months is around 2.76%, less than MAIIX's 3.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEV iShares Europe ETF | 2.76% | 2.73% | 3.10% | 2.77% | 3.06% | 2.81% | 1.76% | 3.06% | 3.43% | 2.39% | 3.08% | 2.81% |
MAIIX iShares MSCI EAFE International Index Fund | 3.78% | 3.71% | 3.38% | 3.16% | 2.76% | 3.00% | 1.94% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% |
Drawdowns
IEV vs. MAIIX - Drawdown Comparison
The maximum IEV drawdown since its inception was -63.27%, roughly equal to the maximum MAIIX drawdown of -61.05%. Use the drawdown chart below to compare losses from any high point for IEV and MAIIX.
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Drawdown Indicators
| IEV | MAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.27% | -61.05% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -11.31% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | -29.31% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -34.01% | -2.61% |
Current DrawdownCurrent decline from peak | -8.62% | -10.85% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -15.42% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.96% | +0.24% |
Volatility
IEV vs. MAIIX - Volatility Comparison
iShares Europe ETF (IEV) has a higher volatility of 7.90% compared to iShares MSCI EAFE International Index Fund (MAIIX) at 7.08%. This indicates that IEV's price experiences larger fluctuations and is considered to be riskier than MAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEV | MAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.90% | 7.08% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 10.78% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 16.93% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 15.92% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.58% | 16.56% | +2.02% |