IMAE.AS vs. WQDA.AS

Last updated Jun 4, 2026

IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and WQDA.AS (iShares MSCI World Quality Dividend Advanced UCITS ETF USD Acc) are both exchange-traded funds - IMAE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR, while WQDA.AS is a Dividend fund tracking the MSCI World High Dividend Yield Advanced Select Index. Both are passively managed. Over the past 5 years, IMAE.AS returned 9.84%/yr vs 13.03%/yr for WQDA.AS. A 0.68 correlation means they provide meaningful diversification when combined. IMAE.AS charges 0.20%/yr vs 0.38%/yr for WQDA.AS.

Performance

IMAE.AS vs. WQDA.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 MSCI World Quality Dividend Advanced UCITS ETF USD Acc (WQDA.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IMAE.AS is traded in EUR, while WQDA.AS is traded in USD. To make them comparable, the WQDA.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 WQDA.AS's 15.51% 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%

WQDA.AS

• 1D: -0.25%
• 1M: 7.97%
• YTD: 15.51%
• 6M: 16.76%
• 1Y: 28.84%
• 3Y*: 16.33%
• 5Y*: 13.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc)	6.95%	19.74%	8.89%	15.99%	-9.31%	25.66%	10.61%
WQDA.AS iShares MSCI World Quality Dividend Advanced UCITS ETF USD Acc	15.51%	9.71%	17.37%	13.68%	-1.63%	25.23%	6.95%

Correlation

The correlation between IMAE.AS and WQDA.AS is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020	0.68

The correlation between IMAE.AS and WQDA.AS has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.

Return for Risk

IMAE.AS vs. WQDA.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: 35
IMAE.AS Sharpe Ratio Rank: 34
IMAE.AS Sortino Ratio Rank: 34
IMAE.AS Omega Ratio Rank: 35
IMAE.AS Calmar Ratio Rank: 34
IMAE.AS Martin Ratio Rank: 39

WQDA.AS

WQDA.AS Risk / Return Rank: 81
WQDA.AS Sharpe Ratio Rank: 81
WQDA.AS Sortino Ratio Rank: 85
WQDA.AS Omega Ratio Rank: 79
WQDA.AS Calmar Ratio Rank: 80
WQDA.AS Martin Ratio Rank: 78

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. WQDA.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 MSCI World Quality Dividend Advanced UCITS ETF USD Acc (WQDA.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	WQDA.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.24	2.40	-1.16
Sortino ratio: Return per unit of downside risk	1.84	3.43	-1.59
Omega ratio: Gain probability vs. loss probability	1.24	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	1.67	5.11	-3.43
Martin ratio: Return relative to average drawdown	6.19	18.15	-11.96
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. WQDA.AS - Sharpe Ratio Comparison

The current IMAE.AS Sharpe Ratio is 1.24, which is lower than the WQDA.AS Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of IMAE.AS and WQDA.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.

Sharpe Ratios by Period

	IMAE.AS	WQDA.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	2.40	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	1.01	-0.33
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	1.17	-0.65

Drawdowns

IMAE.AS vs. WQDA.AS - Drawdown Comparison

The maximum IMAE.AS drawdown since its inception was -35.60%, which is greater than WQDA.AS's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and WQDA.AS.

Drawdown Indicators

	IMAE.AS	WQDA.AS	Difference
Max Drawdown Largest peak-to-trough decline	-35.60%	-17.13%	-18.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.47%	-5.57%	-3.90%
Max Drawdown (3Y) Largest decline over 3 years	-16.51%	-17.13%	+0.62%
Max Drawdown (5Y) Largest decline over 5 years	-19.44%	-17.13%	-2.31%
Max Drawdown (10Y) Largest decline over 10 years	-35.60%	—	—
Current Drawdown Current decline from peak	-2.20%	-0.25%	-1.95%
Average Drawdown Average peak-to-trough decline	-5.32%	-2.66%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.58%	+0.98%

Volatility

IMAE.AS vs. WQDA.AS - Volatility Comparison

iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a higher volatility of 4.85% compared to iShares MSCI World Quality Dividend Advanced UCITS ETF USD Acc (WQDA.AS) at 3.71%. This indicates that IMAE.AS's price experiences larger fluctuations and is considered to be riskier than WQDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMAE.AS	WQDA.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	3.71%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	9.24%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	11.87%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	12.86%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.54%	13.52%	+2.02%

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

IMAE.AS has a 0.20% expense ratio, which is lower than WQDA.AS's 0.38% expense ratio.

Dividends

IMAE.AS vs. WQDA.AS - Dividend Comparison

Neither IMAE.AS nor WQDA.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IMAE.AS and WQDA.AS in my portfolio?

IMAE.AS and WQDA.AS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMAE.AS or WQDA.AS?

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.

Which ETF is cheaper, IMAE.AS or WQDA.AS?

IMAE.AS is cheaper with a 0.20% expense ratio, compared with 0.38% for WQDA.AS.

What is the main difference between IMAE.AS and WQDA.AS?

IMAE.AS is categorized as Europe Equities, while WQDA.AS is Dividend. IMAE.AS tracks MSCI Europe NR EUR, while WQDA.AS tracks MSCI World High Dividend Yield Advanced Select Index. Their fees differ too: 0.20% for IMAE.AS and 0.38% for WQDA.AS.