IMAE.AS vs. WINC.AS
IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) are both exchange-traded funds - IMAE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR, while WINC.AS is a Global Equity Income fund actively managed by iShares. IMAE.AS is passively managed, while WINC.AS is actively managed. Over the past year, IMAE.AS returned 16.05% vs 22.52% for WINC.AS. A 0.55 correlation means they provide meaningful diversification when combined. IMAE.AS charges 0.20%/yr vs 0.35%/yr for WINC.AS.
Performance
IMAE.AS vs. WINC.AS - Performance Comparison
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Different Trading Currencies
IMAE.AS is traded in EUR, while WINC.AS is traded in USD. To make them comparable, the WINC.AS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IMAE.AS achieves a 6.95% return, which is significantly lower than WINC.AS's 9.49% 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%
WINC.AS
- 1D
- -0.33%
- 1M
- 3.94%
- YTD
- 9.49%
- 6M
- 10.50%
- 1Y
- 22.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMAE.AS vs. WINC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 6.95% | 19.74% | 1.77% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.49% | 7.70% | 12.74% |
Correlation
The correlation between IMAE.AS and WINC.AS is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.55 |
The correlation between IMAE.AS and WINC.AS has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.
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Return for Risk
IMAE.AS vs. WINC.AS — Risk / Return Rank
IMAE.AS
WINC.AS
IMAE.AS vs. WINC.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 World Equity High Income UCITS ETF USD Inc (WINC.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 | WINC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 5.27 | -3.59 |
| Martin ratioReturn relative to average drawdown | 6.19 | 18.52 | -12.33 |
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 | WINC.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.06 | -0.82 |
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 | 1.18 | -0.65 |
Drawdowns
IMAE.AS vs. WINC.AS - Drawdown Comparison
The maximum IMAE.AS drawdown since its inception was -35.60%, which is greater than WINC.AS's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and WINC.AS.
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Drawdown Indicators
| IMAE.AS | WINC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.60% | -18.74% | -16.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -4.26% | -5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | — | — |
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% | -0.69% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -3.04% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.21% | +1.35% |
Volatility
IMAE.AS vs. WINC.AS - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a higher volatility of 4.85% compared to iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) at 2.94%. This indicates that IMAE.AS's price experiences larger fluctuations and is considered to be riskier than WINC.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.AS | WINC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 2.94% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 8.04% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 10.89% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 14.39% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 14.39% | +1.15% |
IMAE.AS vs. WINC.AS - Expense Ratio Comparison
IMAE.AS has a 0.20% expense ratio, which is lower than WINC.AS's 0.35% expense ratio.
Dividends
IMAE.AS vs. WINC.AS - Dividend Comparison
IMAE.AS has not paid dividends to shareholders, while WINC.AS's dividend yield for the trailing twelve months is around 9.70%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.70% | 9.38% | 4.88% |
Frequently Asked Questions
IMAE.AS and WINC.AS have a correlation of 0.65, 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 0.35% for WINC.AS.
IMAE.AS is categorized as Europe Equities, while WINC.AS is Global Equity Income. Their fees differ too: 0.20% for IMAE.AS and 0.35% for WINC.AS.
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