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

IMAE.AS vs. TEET.AS

Last updated Jun 4, 2026

IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and TEET.AS (VanEck Sustainable European Equal Weight UCITS ETF) are both Europe Equities funds tracking the MSCI Europe NR EUR, from iShares and VanEck respectively. Both are passively managed. Over the past 10 years, IMAE.AS returned 9.14%/yr vs 9.90%/yr for TEET.AS. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

IMAE.AS vs. TEET.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 VanEck Sustainable European Equal Weight UCITS ETF (TEET.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IMAE.AS having a 6.95% return and TEET.AS slightly higher at 7.02%. Over the past 10 years, IMAE.AS has underperformed TEET.AS with an annualized return of 9.14%, while TEET.AS has yielded a comparatively higher 9.90% 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%

TEET.AS

1D
-0.89%
1M
4.81%
YTD
7.02%
6M
10.57%
1Y
16.54%
3Y*
15.53%
5Y*
10.56%
10Y*
9.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMAE.AS vs. TEET.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%
TEET.AS
VanEck Sustainable European Equal Weight UCITS ETF		7.02%20.97%12.42%19.69%-12.13%27.86%-2.86%23.14%-8.80%10.93%

Correlation

The correlation between IMAE.AS and TEET.AS is 0.95 - 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

0.95

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

0.90

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

0.91

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

0.92

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2014

0.93

The correlation between IMAE.AS and TEET.AS has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

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iShares Core MSCI Europe UCITS ETF EUR (Acc)

VanEck Sustainable European Equal Weight 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 TEET.AS:
TEET.AS vs. IVVTEET.AS vs. VUSA.ASTEET.AS vs. DJMC.ASTEET.AS vs. DJSC.ASTEET.AS vs. IAEX.ASTEET.AS vs. VEUR.ASTEET.AS vs. CEMU.AS

Return for Risk

IMAE.AS vs. TEET.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
TEET.AS
TEET.AS Risk / Return Rank: 3434
Overall Rank
TEET.AS Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
TEET.AS Sortino Ratio Rank: 3333
Sortino Ratio Rank
TEET.AS Omega Ratio Rank: 3333
Omega Ratio Rank
TEET.AS Calmar Ratio Rank: 3333
Calmar Ratio Rank
TEET.AS Martin Ratio Rank: 3939
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. TEET.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 VanEck Sustainable European Equal Weight UCITS ETF (TEET.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.ASTEET.ASDifference
Sharpe ratioReturn per unit of total volatility
1.24
1.15

+0.09

Sortino ratioReturn per unit of downside risk
1.84
1.74

+0.10

Omega ratioGain probability vs. loss probability

1.24

1.22

+0.02

Calmar ratioReturn relative to maximum drawdown

1.67

1.59

+0.09

Martin ratioReturn relative to average drawdown

6.19

5.94

+0.26

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. TEET.AS - Sharpe Ratio Comparison

The current IMAE.AS Sharpe Ratio is 1.24, which is comparable to the TEET.AS Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of IMAE.AS and TEET.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.ASTEET.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.24

1.15

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.69

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.59

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.49

+0.03

Drawdowns

IMAE.AS vs. TEET.AS - Drawdown Comparison

The maximum IMAE.AS drawdown since its inception was -35.60%, roughly equal to the maximum TEET.AS drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and TEET.AS.

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Drawdown Indicators

IMAE.ASTEET.ASDifference

Max Drawdown

Largest peak-to-trough decline

-35.60%

-37.47%

+1.87%

Max Drawdown (1Y)

Largest decline over 1 year

-9.47%

-10.30%

+0.83%

Max Drawdown (3Y)

Largest decline over 3 years

-16.51%

-16.91%

+0.40%

Max Drawdown (5Y)

Largest decline over 5 years

-19.44%

-22.84%

+3.40%

Max Drawdown (10Y)

Largest decline over 10 years

-35.60%

-37.47%

+1.87%

Current Drawdown

Current decline from peak

-2.20%

-1.65%

-0.55%

Average Drawdown

Average peak-to-trough decline

-5.32%

-5.91%

+0.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

2.76%

-0.20%

Volatility

IMAE.AS vs. TEET.AS - Volatility Comparison

iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) and VanEck Sustainable European Equal Weight UCITS ETF (TEET.AS) have volatilities of 4.85% and 5.10%, 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.ASTEET.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.85%

5.10%

-0.25%

Volatility (6M)

Calculated over the trailing 6-month period

10.61%

11.81%

-1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

12.75%

14.16%

-1.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.15%

15.18%

-1.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.54%

16.71%

-1.17%

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

Both IMAE.AS and TEET.AS have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IMAE.AS vs. TEET.AS - Dividend Comparison

IMAE.AS has not paid dividends to shareholders, while TEET.AS's dividend yield for the trailing twelve months is around 4.23%.

PositionTTM20252024202320222021202020192018201720162015
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%
TEET.AS
VanEck Sustainable European Equal Weight UCITS ETF		4.23%2.47%2.71%2.68%2.97%2.48%2.37%3.72%3.66%2.39%3.17%2.52%

Frequently Asked Questions

With a correlation of 0.95, IMAE.AS and TEET.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.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IMAE.AS and TEET.AS have the same expense ratio: 0.20% per year.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: iShares and VanEck.

Portfolio Optimizer

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