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IMAE.AS vs. DJMC.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMAE.AS vs. DJMC.AS

Last updated Jun 4, 2026

IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and DJMC.AS (iShares EURO STOXX Mid UCITS ETF) are both Europe Equities funds from iShares - IMAE.AS tracks the MSCI Europe NR EUR while DJMC.AS tracks the MSCI EMU SMID NR EUR. Both are passively managed. Over the past 10 years, IMAE.AS returned 9.14%/yr vs 8.75%/yr for DJMC.AS. Their correlation of 0.83 suggests significant overlap in exposure. IMAE.AS charges 0.20%/yr vs 0.40%/yr for DJMC.AS.

Performance

IMAE.AS vs. DJMC.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) and iShares EURO STOXX Mid UCITS ETF (DJMC.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, IMAE.AS achieves a 6.95% return, which is significantly lower than DJMC.AS's 7.34% return. Both investments have delivered pretty close results over the past 10 years, with IMAE.AS having a 9.14% annualized return and DJMC.AS not far behind at 8.75%.

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%

DJMC.AS

1D
-0.40%
1M
2.25%
YTD
7.34%
6M
10.98%
1Y
14.86%
3Y*
14.06%
5Y*
7.04%
10Y*
8.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMAE.AS vs. DJMC.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
DJMC.AS
iShares EURO STOXX Mid UCITS ETF		7.34%24.35%8.45%10.46%-14.94%16.39%2.11%23.40%-11.44%18.28%

Correlation

The correlation between IMAE.AS and DJMC.AS is 0.83, 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

0.83

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

0.83

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

0.86

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

0.89

Correlation (All Time)
Calculated using the full available price history since Oct 22, 2009

0.83

The correlation between IMAE.AS and DJMC.AS has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

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iShares Core MSCI Europe UCITS ETF EUR (Acc)

iShares EURO STOXX Mid UCITS ETF

Often compared with IMAE.AS:
IMAE.AS vs. VEUR.ASIMAE.AS vs. IWDA.LIMAE.AS vs. IWDA.ASIMAE.AS vs. EUEA.ASIMAE.AS vs. SWRD.LIMAE.AS vs. EXI1.DEIMAE.AS vs. SPGP.L
Often compared with DJMC.AS:
DJMC.AS vs. IEFV.LDJMC.AS vs. TEET.ASDJMC.AS vs. IDJG.ASDJMC.AS vs. IAEX.ASDJMC.AS vs. IMEU.ASDJMC.AS vs. VEUR.ASDJMC.AS vs. ICHN.AS

Return for Risk

IMAE.AS vs. DJMC.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMAE.AS
IMAE.AS Risk / Return Rank: 3535
Overall Rank
IMAE.AS Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
IMAE.AS Sortino Ratio Rank: 3434
Sortino Ratio Rank
IMAE.AS Omega Ratio Rank: 3535
Omega Ratio Rank
IMAE.AS Calmar Ratio Rank: 3434
Calmar Ratio Rank
IMAE.AS Martin Ratio Rank: 3939
Martin Ratio Rank
DJMC.AS
DJMC.AS Risk / Return Rank: 3535
Overall Rank
DJMC.AS Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
DJMC.AS Sortino Ratio Rank: 3232
Sortino Ratio Rank
DJMC.AS Omega Ratio Rank: 3434
Omega Ratio Rank
DJMC.AS Calmar Ratio Rank: 3838
Calmar Ratio Rank
DJMC.AS 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.

IMAE.AS vs. DJMC.AS - 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 iShares EURO STOXX Mid UCITS ETF (DJMC.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.

IMAE.ASDJMC.ASDifference
Sharpe ratioReturn per unit of total volatility
1.24
1.22

+0.02

Sortino ratioReturn per unit of downside risk
1.84
1.71

+0.12

Omega ratioGain probability vs. loss probability

1.24

1.23

+0.01

Calmar ratioReturn relative to maximum drawdown

1.67

1.83

-0.15

Martin ratioReturn relative to average drawdown

6.19

6.01

+0.18

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

IMAE.AS vs. DJMC.AS - Sharpe Ratio Comparison

The current IMAE.AS Sharpe Ratio is 1.24, which is comparable to the DJMC.AS Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of IMAE.AS and DJMC.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

IMAE.ASDJMC.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.24

1.22

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.45

+0.23

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

0.39

+0.13

Drawdowns

IMAE.AS vs. DJMC.AS - Drawdown Comparison

The maximum IMAE.AS drawdown since its inception was -35.60%, smaller than the maximum DJMC.AS drawdown of -59.52%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and DJMC.AS.

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Drawdown Indicators

IMAE.ASDJMC.ASDifference

Max Drawdown

Largest peak-to-trough decline

-35.60%

-59.52%

+23.92%

Max Drawdown (1Y)

Largest decline over 1 year

-9.47%

-8.07%

-1.40%

Max Drawdown (3Y)

Largest decline over 3 years

-16.51%

-14.36%

-2.15%

Max Drawdown (5Y)

Largest decline over 5 years

-19.44%

-27.41%

+7.97%

Max Drawdown (10Y)

Largest decline over 10 years

-35.60%

-39.05%

+3.45%

Current Drawdown

Current decline from peak

-2.20%

-1.85%

-0.35%

Average Drawdown

Average peak-to-trough decline

-5.32%

-13.21%

+7.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

2.46%

+0.10%

Volatility

IMAE.AS vs. DJMC.AS - Volatility Comparison

iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a higher volatility of 4.85% compared to iShares EURO STOXX Mid UCITS ETF (DJMC.AS) at 3.60%. This indicates that IMAE.AS's price experiences larger fluctuations and is considered to be riskier than DJMC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMAE.ASDJMC.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.85%

3.60%

+1.25%

Volatility (6M)

Calculated over the trailing 6-month period

10.61%

9.83%

+0.78%

Volatility (1Y)

Calculated over the trailing 1-year period

12.75%

12.09%

+0.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.15%

15.53%

-1.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.54%

16.49%

-0.95%

IMAE.AS vs. DJMC.AS - Expense Ratio Comparison

IMAE.AS has a 0.20% expense ratio, which is lower than DJMC.AS's 0.40% expense ratio.

Dividends

IMAE.AS vs. DJMC.AS - Dividend Comparison

IMAE.AS has not paid dividends to shareholders, while DJMC.AS's dividend yield for the trailing twelve months is around 2.95%.

PositionTTM20252024202320222021202020192018201720162015
DJMC.AS
iShares EURO STOXX Mid UCITS ETF		2.95%3.20%3.37%2.55%2.40%1.76%1.45%2.55%2.97%2.18%2.22%2.03%
IMAE.AS
iShares Core MSCI Europe UCITS ETF EUR (Acc)		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

IMAE.AS and DJMC.AS have a correlation of 0.83, 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 0.40% for DJMC.AS.

IMAE.AS tracks MSCI Europe NR EUR, while DJMC.AS tracks MSCI EMU SMID NR EUR. Their fees differ too: 0.20% for IMAE.AS and 0.40% for DJMC.AS.

Portfolio Optimizer

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