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IMEU.AS vs. EUNA.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMEU.AS vs. EUNA.AS

Last updated Jun 4, 2026

IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) and EUNA.AS (iShares STOXX Europe 50 UCITS ETF) are both Europe Equities funds from iShares tracking the MSCI Europe NR EUR. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. IMEU.AS charges 1.00%/yr vs 0.35%/yr for EUNA.AS.

Performance

IMEU.AS vs. EUNA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) and iShares STOXX Europe 50 UCITS ETF (EUNA.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

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%

EUNA.AS

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMEU.AS vs. EUNA.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
EUNA.AS
iShares STOXX Europe 50 UCITS ETF		0.00%12.22%8.08%15.11%-2.25%26.64%-6.34%26.46%-9.51%9.05%

Correlation

The correlation between IMEU.AS and EUNA.AS is 0.50, 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

0.50

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

0.82

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

0.89

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

0.93

Correlation (All Time)
Calculated using the full available price history since Sep 6, 2007

0.91

Over the past year, the correlation between IMEU.AS and EUNA.AS has dropped to 0.50 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.

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iShares Core MSCI Europe UCITS ETF EUR (Dist)

iShares STOXX Europe 50 UCITS ETF

Often compared with IMEU.AS:
IMEU.AS vs. CSPX.LIMEU.AS vs. QQQMIMEU.AS vs. VUAA.LIMEU.AS vs. IEMU.LIMEU.AS vs. VEUR.ASIMEU.AS vs. VIDY.TOIMEU.AS vs. VHYL.AS
Often compared with EUNA.AS:
EUNA.AS vs. BNDWEUNA.AS vs. EUNL.DEEUNA.AS vs. EUEA.ASEUNA.AS vs. ^NDXEUNA.AS vs. IXJEUNA.AS vs. VOOGEUNA.AS vs. IVV

Return for Risk

IMEU.AS vs. EUNA.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMEU.AS
IMEU.AS Risk / Return Rank: 3636
Overall Rank
IMEU.AS Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
IMEU.AS Sortino Ratio Rank: 3535
Sortino Ratio Rank
IMEU.AS Omega Ratio Rank: 3636
Omega Ratio Rank
IMEU.AS Calmar Ratio Rank: 3434
Calmar Ratio Rank
IMEU.AS Martin Ratio Rank: 4040
Martin Ratio Rank
EUNA.AS
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.

IMEU.AS vs. EUNA.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 STOXX Europe 50 UCITS ETF (EUNA.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.ASEUNA.ASDifference
Sharpe ratioReturn per unit of total volatility
1.26

—

—

Sortino ratioReturn per unit of downside risk
1.86

—

—

Omega ratioGain probability vs. loss probability

1.24

—

—

Calmar ratioReturn relative to maximum drawdown

1.68

—

—

Martin ratioReturn relative to average drawdown

6.32

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMEU.AS vs. EUNA.AS - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IMEU.ASEUNA.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.26

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

—

—

Drawdowns

IMEU.AS vs. EUNA.AS - Drawdown Comparison

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Drawdown Indicators

IMEU.ASEUNA.ASDifference

Max Drawdown

Largest peak-to-trough decline

-57.85%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-9.49%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-16.34%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-19.26%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-35.73%

—

—

Current Drawdown

Current decline from peak

-2.22%

—

—

Average Drawdown

Average peak-to-trough decline

-11.91%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

—

—

Volatility

IMEU.AS vs. EUNA.AS - Volatility Comparison

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Volatility by Period

IMEU.ASEUNA.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.89%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

10.53%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.69%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.05%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.55%

—

—

IMEU.AS vs. EUNA.AS - Expense Ratio Comparison

IMEU.AS has a 1.00% expense ratio, which is higher than EUNA.AS's 0.35% expense ratio.

Dividends

IMEU.AS vs. EUNA.AS - Dividend Comparison

IMEU.AS's dividend yield for the trailing twelve months is around 2.55%, more than EUNA.AS's 1.21% yield.

PositionTTM20252024202320222021202020192018201720162015
EUNA.AS
iShares STOXX Europe 50 UCITS ETF		1.21%2.52%2.68%2.56%2.62%2.22%2.42%2.96%3.51%3.24%3.29%3.05%
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

IMEU.AS and EUNA.AS have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EUNA.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EUNA.AS is cheaper with a 0.35% expense ratio, compared with 1.00% for IMEU.AS.

Both ETFs track MSCI Europe NR EUR. Their fees differ too: 1.00% for IMEU.AS and 0.35% for EUNA.AS.

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