IMAE.AS vs. 18M2.DE
IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - IMAE.AS tracks the MSCI Europe NR EUR while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 10 years, IMAE.AS returned 9.14%/yr vs 8.27%/yr for 18M2.DE. Their correlation of 0.81 suggests significant overlap in exposure. IMAE.AS charges 0.20%/yr vs 0.30%/yr for 18M2.DE.
Performance
IMAE.AS vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IMAE.AS achieves a 6.95% return, which is significantly higher than 18M2.DE's 6.41% return. Over the past 10 years, IMAE.AS has outperformed 18M2.DE with an annualized return of 9.14%, while 18M2.DE has yielded a comparatively lower 8.27% annualized return.
IMAE.AS
- 1D
- -0.71%
- 1M
- 3.95%
- YTD
- 6.95%
- 6M
- 9.74%
- 1Y
- 16.05%
- 3Y*
- 13.28%
- 5Y*
- 9.84%
- 10Y*
- 9.14%
18M2.DE
- 1D
- -0.35%
- 1M
- 1.82%
- YTD
- 6.41%
- 6M
- 9.33%
- 1Y
- 15.52%
- 3Y*
- 11.98%
- 5Y*
- 8.83%
- 10Y*
- 8.27%
IMAE.AS vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 6.95% | 19.74% | 8.89% | 15.99% | -9.31% | 25.66% | -3.06% | 25.45% | -9.65% | 10.15% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.41% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
Correlation
The correlation between IMAE.AS and 18M2.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | 0.81 |
The correlation between IMAE.AS and 18M2.DE has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
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Return for Risk
IMAE.AS vs. 18M2.DE — Risk / Return Rank
IMAE.AS
18M2.DE
IMAE.AS vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| IMAE.AS | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.49 | -0.82 |
| Martin ratioReturn relative to average drawdown | 6.19 | 6.57 | -0.37 |
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
| IMAE.AS | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.46 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.65 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.53 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.44 | +0.09 |
Drawdowns
IMAE.AS vs. 18M2.DE - Drawdown Comparison
The maximum IMAE.AS drawdown since its inception was -35.60%, roughly equal to the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and 18M2.DE.
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Drawdown Indicators
| IMAE.AS | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.60% | -37.06% | +1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -6.19% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -14.68% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -20.81% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | -37.06% | +1.46% |
Current DrawdownCurrent decline from peak | -2.20% | -1.76% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -6.42% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.36% | +0.20% |
Volatility
IMAE.AS vs. 18M2.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a higher volatility of 4.85% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 3.02%. This indicates that IMAE.AS's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMAE.AS | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 3.02% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 8.32% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 10.61% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 13.41% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.45% | +0.09% |
IMAE.AS vs. 18M2.DE - Expense Ratio Comparison
IMAE.AS has a 0.20% expense ratio, which is lower than 18M2.DE's 0.30% expense ratio.
Dividends
IMAE.AS vs. 18M2.DE - Dividend Comparison
Neither IMAE.AS nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
IMAE.AS and 18M2.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMAE.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMAE.AS is cheaper with a 0.20% expense ratio, compared with 0.30% for 18M2.DE.
IMAE.AS tracks MSCI Europe NR EUR, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IMAE.AS and 0.30% for 18M2.DE.
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