IMEA.SW vs. SX5E.SW

Last updated Jun 4, 2026

IMEA.SW (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and SX5E.SW (Invesco EURO STOXX 50 UCITS ETF Acc) are both Europe Equities funds - IMEA.SW tracks the MSCI Europe Index while SX5E.SW tracks the EURO STOXX 50 Index. Both are passively managed. Over the past 10 years, IMEA.SW returned 7.09%/yr vs 8.15%/yr for SX5E.SW. A 0.52 correlation means they provide meaningful diversification when combined. IMEA.SW charges 0.12%/yr vs 0.05%/yr for SX5E.SW.

Performance

IMEA.SW vs. SX5E.SW - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMEA.SW) and Invesco EURO STOXX 50 UCITS ETF Acc (SX5E.SW). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IMEA.SW is traded in CHF, while SX5E.SW is traded in EUR. To make them comparable, the SX5E.SW values have been converted to CHF using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with IMEA.SW having a 5.25% return and SX5E.SW slightly lower at 5.18%. Over the past 10 years, IMEA.SW has underperformed SX5E.SW with an annualized return of 7.09%, while SX5E.SW has yielded a comparatively higher 8.15% annualized return.

IMEA.SW

• 1D: -0.31%
• 1M: 4.08%
• YTD: 5.25%
• 6M: 7.98%
• 1Y: 13.82%
• 3Y*: 11.14%
• 5Y*: 6.10%
• 10Y*: 7.09%

SX5E.SW

• 1D: 1.20%
• 1M: 4.62%
• YTD: 5.18%
• 6M: 7.25%
• 1Y: 13.59%
• 3Y*: 13.44%
• 5Y*: 7.57%
• 10Y*: 8.15%

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

IMEA.SW vs. SX5E.SW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMEA.SW iShares Core MSCI Europe UCITS ETF EUR (Acc)	5.25%	19.46%	9.47%	8.86%	-13.54%	19.51%	-2.82%	24.06%	-15.32%	21.31%
SX5E.SW Invesco EURO STOXX 50 UCITS ETF Acc	5.18%	21.04%	12.36%	14.59%	-12.82%	17.63%	-2.58%	24.41%	-16.76%	22.75%

Correlation

The correlation between IMEA.SW and SX5E.SW is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jan 23, 2015	0.52

Over the past year, IMEA.SW and SX5E.SW have become more correlated (0.73) than their long-term average of 0.52, meaning their price movements have been converging.

Return for Risk

IMEA.SW vs. SX5E.SW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IMEA.SW

IMEA.SW Risk / Return Rank: 33
IMEA.SW Sharpe Ratio Rank: 33
IMEA.SW Sortino Ratio Rank: 32
IMEA.SW Omega Ratio Rank: 32
IMEA.SW Calmar Ratio Rank: 31
IMEA.SW Martin Ratio Rank: 36

SX5E.SW

SX5E.SW Risk / Return Rank: 33
SX5E.SW Sharpe Ratio Rank: 31
SX5E.SW Sortino Ratio Rank: 31
SX5E.SW Omega Ratio Rank: 32
SX5E.SW Calmar Ratio Rank: 34
SX5E.SW Martin Ratio Rank: 36

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.

IMEA.SW vs. SX5E.SW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMEA.SW) and Invesco EURO STOXX 50 UCITS ETF Acc (SX5E.SW). 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.

	IMEA.SW	SX5E.SW	Difference
Sharpe ratio Return per unit of total volatility	1.15	0.93	+0.22
Sortino ratio Return per unit of downside risk	1.68	1.38	+0.30
Omega ratio Gain probability vs. loss probability	1.21	1.18	+0.03
Calmar ratio Return relative to maximum drawdown	1.46	1.37	+0.09
Martin ratio Return relative to average drawdown	5.43	4.48	+0.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMEA.SW vs. SX5E.SW - Sharpe Ratio Comparison

The current IMEA.SW Sharpe Ratio is 1.15, which is comparable to the SX5E.SW Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of IMEA.SW and SX5E.SW, 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

	IMEA.SW	SX5E.SW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	0.93	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.47	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.50	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.49	-0.11

Drawdowns

IMEA.SW vs. SX5E.SW - Drawdown Comparison

The maximum IMEA.SW drawdown since its inception was -36.01%, smaller than the maximum SX5E.SW drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for IMEA.SW and SX5E.SW.

Drawdown Indicators

	IMEA.SW	SX5E.SW	Difference
Max Drawdown Largest peak-to-trough decline	-36.01%	-39.76%	+3.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-10.85%	+1.24%
Max Drawdown (3Y) Largest decline over 3 years	-17.71%	-17.54%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	-26.25%	-30.70%	+4.45%
Max Drawdown (10Y) Largest decline over 10 years	-36.01%	-39.76%	+3.75%
Current Drawdown Current decline from peak	-0.50%	0.00%	-0.50%
Average Drawdown Average peak-to-trough decline	-5.80%	-7.51%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	3.31%	-0.74%

Volatility

IMEA.SW vs. SX5E.SW - Volatility Comparison

The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMEA.SW) is 3.94%, while Invesco EURO STOXX 50 UCITS ETF Acc (SX5E.SW) has a volatility of 4.38%. This indicates that IMEA.SW experiences smaller price fluctuations and is considered to be less risky than SX5E.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMEA.SW	SX5E.SW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	4.38%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	12.78%	-2.62%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	16.08%	-3.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	19.89%	-3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.85%	21.77%	-4.92%

IMEA.SW vs. SX5E.SW - Expense Ratio Comparison

IMEA.SW has a 0.12% expense ratio, which is higher than SX5E.SW's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IMEA.SW vs. SX5E.SW - Dividend Comparison

Neither IMEA.SW nor SX5E.SW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IMEA.SW and SX5E.SW in my portfolio?

IMEA.SW and SX5E.SW have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMEA.SW or SX5E.SW?

On fees, SX5E.SW is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMEA.SW or SX5E.SW?

SX5E.SW is cheaper with a 0.05% expense ratio, compared with 0.12% for IMEA.SW.

What is the main difference between IMEA.SW and SX5E.SW?

IMEA.SW tracks MSCI Europe Index, while SX5E.SW tracks EURO STOXX 50 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for IMEA.SW and 0.05% for SX5E.SW.