IMAE.AS vs. N1ES.DE
IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both exchange-traded funds - IMAE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR, while N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, IMAE.AS returned 13.28%/yr vs 26.10%/yr for N1ES.DE. A 0.57 correlation means they provide meaningful diversification when combined. IMAE.AS charges 0.20%/yr vs 0.25%/yr for N1ES.DE.
Performance
IMAE.AS vs. N1ES.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 lower than N1ES.DE's 22.22% 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%
N1ES.DE
- 1D
- 0.03%
- 1M
- 12.87%
- YTD
- 22.22%
- 6M
- 21.35%
- 1Y
- 41.38%
- 3Y*
- 26.10%
- 5Y*
- —
- 10Y*
- —
IMAE.AS vs. N1ES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 6.95% | 19.74% | 8.89% | 15.99% | -9.31% | 3.38% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 22.22% | 8.26% | 33.55% | 51.62% | -29.13% | 9.35% |
Correlation
The correlation between IMAE.AS and N1ES.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.57 |
The correlation between IMAE.AS and N1ES.DE has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
IMAE.AS vs. N1ES.DE — Risk / Return Rank
IMAE.AS
N1ES.DE
IMAE.AS vs. N1ES.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 Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.79 | -2.12 |
| Martin ratioReturn relative to average drawdown | 6.19 | 10.91 | -4.72 |
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 | N1ES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.49 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.82 | -0.29 |
Drawdowns
IMAE.AS vs. N1ES.DE - Drawdown Comparison
The maximum IMAE.AS drawdown since its inception was -35.60%, which is greater than N1ES.DE's maximum drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and N1ES.DE.
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Drawdown Indicators
| IMAE.AS | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.60% | -29.96% | -5.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -10.86% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -26.65% | +10.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | 0.00% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -8.51% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.78% | -1.22% |
Volatility
IMAE.AS vs. N1ES.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a higher volatility of 4.85% compared to Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) at 4.58%. This indicates that IMAE.AS's price experiences larger fluctuations and is considered to be riskier than N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 4.58% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 11.60% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 16.66% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 20.74% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 20.74% | -5.20% |
IMAE.AS vs. N1ES.DE - Expense Ratio Comparison
IMAE.AS has a 0.20% expense ratio, which is lower than N1ES.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IMAE.AS vs. N1ES.DE - Dividend Comparison
Neither IMAE.AS nor N1ES.DE has paid dividends to shareholders.
Frequently Asked Questions
IMAE.AS and N1ES.DE have a correlation of 0.50, 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 0.25% for N1ES.DE.
IMAE.AS is categorized as Europe Equities, while N1ES.DE is Nasdaq-100. IMAE.AS tracks MSCI Europe NR EUR, while N1ES.DE tracks Nasdaq 100® ESG. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IMAE.AS and 0.25% for N1ES.DE.
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