IMEU.AS vs. IEMU.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) and iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (IEMU.L).

IMEU.AS and IEMU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMEU.AS is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Jul 6, 2007. IEMU.L is a passively managed fund by iShares that tracks the performance of the MSCI EMU NR EUR. It was launched on Jan 12, 2010. Both IMEU.AS and IEMU.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IMEU.AS vs. IEMU.L - 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 VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (IEMU.L). The values are adjusted to include any dividend payments, if applicable.

IMEU.AS vs. IEMU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist)	1.45%	19.89%	8.97%	15.72%	-9.15%	25.73%	-3.22%	7.77%
IEMU.L iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)	0.70%	23.38%	9.83%	19.45%	-11.44%	21.90%	-1.24%	8.90%

Different Trading Currencies

IMEU.AS is traded in EUR, while IEMU.L is traded in USD. To make them comparable, the IEMU.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IMEU.AS achieves a 1.45% return, which is significantly higher than IEMU.L's 0.70% return.

IMEU.AS

• 1D: 2.52%
• 1M: -3.82%
• YTD: 1.45%
• 6M: 6.48%
• 1Y: 13.36%
• 3Y*: 12.14%
• 5Y*: 9.89%
• 10Y*: 9.01%

IEMU.L

• 1D: 3.43%
• 1M: -3.55%
• YTD: 0.70%
• 6M: 4.92%
• 1Y: 14.49%
• 3Y*: 13.35%
• 5Y*: 10.03%
• 10Y*: —

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

IMEU.AS vs. IEMU.L - Expense Ratio Comparison

IMEU.AS has a 1.00% expense ratio, which is higher than IEMU.L's 0.12% expense ratio.

IMEU.AS

iShares Core MSCI Europe UCITS ETF EUR (Dist)

IEMU.L

iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)

Return for Risk

IMEU.AS vs. IEMU.L — 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: 59
IMEU.AS Sharpe Ratio Rank: 46
IMEU.AS Sortino Ratio Rank: 41
IMEU.AS Omega Ratio Rank: 47
IMEU.AS Calmar Ratio Rank: 81
IMEU.AS Martin Ratio Rank: 83

IEMU.L

IEMU.L Risk / Return Rank: 65
IEMU.L Sharpe Ratio Rank: 68
IEMU.L Sortino Ratio Rank: 65
IEMU.L Omega Ratio Rank: 64
IEMU.L Calmar Ratio Rank: 67
IEMU.L Martin Ratio Rank: 63

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. IEMU.L - 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 VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (IEMU.L). 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	IEMU.L	Difference
Sharpe ratio Return per unit of total volatility	0.89	0.86	+0.03
Sortino ratio Return per unit of downside risk	1.22	1.22	0.00
Omega ratio Gain probability vs. loss probability	1.19	1.17	+0.02
Calmar ratio Return relative to maximum drawdown	2.44	1.45	+0.99
Martin ratio Return relative to average drawdown	10.02	5.14	+4.88
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. IEMU.L - Sharpe Ratio Comparison

The current IMEU.AS Sharpe Ratio is 0.89, which is comparable to the IEMU.L Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of IMEU.AS and IEMU.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IMEU.AS	IEMU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	0.86	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.62	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.54	-0.25

Correlation

The correlation between IMEU.AS and IEMU.L is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IMEU.AS vs. IEMU.L - Dividend Comparison

IMEU.AS's dividend yield for the trailing twelve months is around 2.52%, while IEMU.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist)	2.52%	2.55%	2.87%	2.88%	2.93%	2.25%	2.08%	3.06%	3.23%	2.64%	2.85%	2.67%
IEMU.L iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IMEU.AS vs. IEMU.L - Drawdown Comparison

The maximum IMEU.AS drawdown since its inception was -57.85%, which is greater than IEMU.L's maximum drawdown of -38.90%. Use the drawdown chart below to compare losses from any high point for IMEU.AS and IEMU.L.

Drawdown Indicators

	IMEU.AS	IEMU.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.85%	-38.74%	-19.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-12.28%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-19.26%	-35.69%	+16.43%
Max Drawdown (10Y) Largest decline over 10 years	-35.73%	—	—
Current Drawdown Current decline from peak	-5.39%	-7.84%	+2.45%
Average Drawdown Average peak-to-trough decline	-12.00%	-7.06%	-4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	3.35%	-1.04%

Volatility

IMEU.AS vs. IEMU.L - Volatility Comparison

The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) is 5.76%, while iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (IEMU.L) has a volatility of 7.45%. This indicates that IMEU.AS experiences smaller price fluctuations and is considered to be less risky than IEMU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMEU.AS	IEMU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	7.45%	-1.69%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	11.21%	-2.27%
Volatility (1Y) Calculated over the trailing 1-year period	14.89%	16.80%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	17.31%	-3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	19.81%	-4.29%