IMAE.AS vs. IMEU.AS
IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IMAE.AS returned 9.14%/yr vs 9.15%/yr for IMEU.AS. Their correlation of 0.92 suggests significant overlap in exposure. IMAE.AS charges 0.20%/yr vs 1.00%/yr for IMEU.AS.
Performance
IMAE.AS vs. IMEU.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IMAE.AS having a 6.95% return and IMEU.AS slightly lower at 6.89%. Both investments have delivered pretty close results over the past 10 years, with IMAE.AS having a 9.14% annualized return and IMEU.AS not far ahead at 9.15%.
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%
IMEU.AS
- 1D
- -0.67%
- 1M
- 3.83%
- YTD
- 6.89%
- 6M
- 9.70%
- 1Y
- 16.16%
- 3Y*
- 13.32%
- 5Y*
- 9.85%
- 10Y*
- 9.15%
IMAE.AS vs. IMEU.AS - 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% |
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 6.89% | 19.89% | 8.97% | 15.72% | -9.15% | 25.73% | -3.22% | 25.57% | -9.62% | 10.04% |
Correlation
The correlation between IMAE.AS and IMEU.AS 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 (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | 0.92 |
The correlation between IMAE.AS and IMEU.AS has been stable across timeframes, ranging from 0.92 to 0.99 - a consistent structural relationship.
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Return for Risk
IMAE.AS vs. IMEU.AS — Risk / Return Rank
IMAE.AS
IMEU.AS
IMAE.AS vs. IMEU.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 Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.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.AS | IMEU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.68 | -0.01 |
| Martin ratioReturn relative to average drawdown | 6.19 | 6.32 | -0.13 |
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 | IMEU.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.26 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.69 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.58 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.30 | +0.23 |
Drawdowns
IMAE.AS vs. IMEU.AS - Drawdown Comparison
The maximum IMAE.AS drawdown since its inception was -35.60%, smaller than the maximum IMEU.AS drawdown of -57.85%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and IMEU.AS.
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Drawdown Indicators
| IMAE.AS | IMEU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.60% | -57.85% | +22.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -9.49% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -16.34% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -19.26% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | -35.73% | +0.13% |
Current DrawdownCurrent decline from peak | -2.20% | -2.22% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -11.91% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.53% | +0.03% |
Volatility
IMAE.AS vs. IMEU.AS - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) and iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) have volatilities of 4.85% and 4.89%, 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
| IMAE.AS | IMEU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 4.89% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 10.53% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 12.69% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 14.05% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.55% | -0.01% |
IMAE.AS vs. IMEU.AS - Expense Ratio Comparison
IMAE.AS has a 0.20% expense ratio, which is lower than IMEU.AS's 1.00% expense ratio.
Dividends
IMAE.AS vs. IMEU.AS - Dividend Comparison
IMAE.AS has not paid dividends to shareholders, while IMEU.AS's dividend yield for the trailing twelve months is around 2.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.55% | 2.55% | 2.87% | 2.88% | 2.93% | 2.25% | 2.08% | 3.06% | 3.23% | 2.64% | 2.85% | 2.67% |
Frequently Asked Questions
With a correlation of 0.99, IMAE.AS and IMEU.AS 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.
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 1.00% for IMEU.AS.
Both ETFs track MSCI Europe NR EUR. Their fees differ too: 0.20% for IMAE.AS and 1.00% for IMEU.AS.
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