IMEU.AS vs. EUEA.AS
IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) and EUEA.AS (iShares EURO STOXX 50 UCITS ETF) are both Europe Equities funds from iShares - IMEU.AS tracks the MSCI Europe NR EUR while EUEA.AS tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, IMEU.AS returned 9.15%/yr vs 10.47%/yr for EUEA.AS. Their correlation of 0.91 suggests significant overlap in exposure. IMEU.AS charges 1.00%/yr vs 0.10%/yr for EUEA.AS.
Performance
IMEU.AS vs. EUEA.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IMEU.AS having a 6.89% return and EUEA.AS slightly lower at 6.57%. Over the past 10 years, IMEU.AS has underperformed EUEA.AS with an annualized return of 9.15%, while EUEA.AS has yielded a comparatively higher 10.47% annualized return.
IMEU.AS
- 1D
- -0.67%
- 1M
- 3.83%
- YTD
- 6.89%
- 6M
- 9.70%
- 1Y
- 16.16%
- 3Y*
- 13.32%
- 5Y*
- 9.85%
- 10Y*
- 9.15%
EUEA.AS
- 1D
- -0.88%
- 1M
- 5.91%
- YTD
- 6.57%
- 6M
- 8.17%
- 1Y
- 15.52%
- 3Y*
- 14.97%
- 5Y*
- 11.33%
- 10Y*
- 10.47%
IMEU.AS vs. EUEA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 6.89% | 19.89% | 8.97% | 15.72% | -9.15% | 25.73% | -3.22% | 25.57% | -9.62% | 10.04% |
EUEA.AS iShares EURO STOXX 50 UCITS ETF | 6.57% | 21.70% | 11.49% | 23.09% | -9.29% | 24.04% | -2.55% | 27.75% | -11.10% | 9.82% |
Correlation
The correlation between IMEU.AS and EUEA.AS is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2007 | 0.91 |
The correlation between IMEU.AS and EUEA.AS has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
IMEU.AS vs. EUEA.AS — Risk / Return Rank
IMEU.AS
EUEA.AS
IMEU.AS vs. EUEA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) and iShares EURO STOXX 50 UCITS ETF (EUEA.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.
| IMEU.AS | EUEA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.41 | +0.28 |
| Martin ratioReturn relative to average drawdown | 6.32 | 4.77 | +1.55 |
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
| IMEU.AS | EUEA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.97 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.64 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.57 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.12 | +0.18 |
Drawdowns
IMEU.AS vs. EUEA.AS - Drawdown Comparison
The maximum IMEU.AS drawdown since its inception was -57.85%, smaller than the maximum EUEA.AS drawdown of -62.53%. Use the drawdown chart below to compare losses from any high point for IMEU.AS and EUEA.AS.
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Drawdown Indicators
| IMEU.AS | EUEA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.85% | -62.53% | +4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -10.91% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -16.32% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -19.26% | -23.35% | +4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -35.73% | -38.22% | +2.49% |
Current DrawdownCurrent decline from peak | -2.22% | -1.30% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -24.30% | +12.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.22% | -0.69% |
Volatility
IMEU.AS vs. EUEA.AS - Volatility Comparison
The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) is 4.89%, while iShares EURO STOXX 50 UCITS ETF (EUEA.AS) has a volatility of 5.60%. This indicates that IMEU.AS experiences smaller price fluctuations and is considered to be less risky than EUEA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMEU.AS | EUEA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 5.60% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 12.90% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 15.79% | -3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 17.36% | -3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 18.11% | -2.56% |
IMEU.AS vs. EUEA.AS - Expense Ratio Comparison
IMEU.AS has a 1.00% expense ratio, which is higher than EUEA.AS's 0.10% expense ratio.
Dividends
IMEU.AS vs. EUEA.AS - Dividend Comparison
IMEU.AS's dividend yield for the trailing twelve months is around 2.55%, which matches EUEA.AS's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUEA.AS iShares EURO STOXX 50 UCITS ETF | 2.57% | 2.52% | 3.01% | 3.02% | 2.94% | 2.05% | 2.16% | 3.05% | 3.67% | 2.85% | 3.38% | 2.96% |
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.55% | 2.55% | 2.87% | 2.88% | 2.93% | 2.25% | 2.08% | 3.06% | 3.23% | 2.64% | 2.85% | 2.67% |
Frequently Asked Questions
With a correlation of 0.94, IMEU.AS and EUEA.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.
On fees, EUEA.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUEA.AS is cheaper with a 0.10% expense ratio, compared with 1.00% for IMEU.AS.
IMEU.AS tracks MSCI Europe NR EUR, while EUEA.AS tracks MSCI EMU NR EUR. Their fees differ too: 1.00% for IMEU.AS and 0.10% for EUEA.AS.
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