IMEU.AS vs. IEUR
IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) and IEUR (iShares Core MSCI Europe ETF) are both Europe Equities funds from iShares - IMEU.AS tracks the MSCI Europe NR EUR while IEUR tracks the MSCI Europe Investable Market Index. Both are passively managed. Over the past 10 years, IMEU.AS returned 10.53%/yr vs 10.28%/yr for IEUR. A 0.76 correlation means they provide meaningful diversification when combined. IMEU.AS charges 1.00%/yr vs 0.09%/yr for IEUR.
Performance
IMEU.AS vs. IEUR - Performance Comparison
Loading charts...
Different Trading Currencies
IMEU.AS is traded in EUR, while IEUR is traded in USD. To make them comparable, the IEUR values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IMEU.AS having a 10.49% return and IEUR slightly higher at 10.68%. Both investments have delivered pretty close results over the past 10 years, with IMEU.AS having a 10.53% annualized return and IEUR not far behind at 10.28%.
IMEU.AS
- 1D
- 0.83%
- 1M
- 2.46%
- YTD
- 10.49%
- 6M
- 10.91%
- 1Y
- 22.44%
- 3Y*
- 15.31%
- 5Y*
- 10.27%
- 10Y*
- 10.53%
IEUR
- 1D
- 0.95%
- 1M
- 1.88%
- YTD
- 10.68%
- 6M
- 10.87%
- 1Y
- 21.59%
- 3Y*
- 15.20%
- 5Y*
- 9.58%
- 10Y*
- 10.28%
IMEU.AS vs. IEUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 10.49% | 19.89% | 8.95% | 15.92% | -9.29% | 25.73% | -3.24% | 25.60% | -9.82% | 10.78% |
IEUR iShares Core MSCI Europe ETF | 10.68% | 19.57% | 8.10% | 16.12% | -10.69% | 25.44% | -3.37% | 27.78% | -10.86% | 11.13% |
Correlation
The correlation between IMEU.AS and IEUR 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 | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.76 |
The correlation between IMEU.AS and IEUR has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IMEU.AS vs. IEUR — Risk / Return Rank
IMEU.AS
IEUR
IMEU.AS vs. IEUR - 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 Core MSCI Europe ETF (IEUR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IMEU.AS | IEUR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.12 | +0.22 |
| Martin ratioReturn relative to average drawdown | 8.97 | 8.79 | +0.19 |
Loading charts...
Drawdowns
IMEU.AS vs. IEUR - Drawdown Comparison
The maximum IMEU.AS drawdown since its inception was -54.54%, which is greater than IEUR's maximum drawdown of -36.74%. Use the drawdown chart below to compare losses from any high point for IMEU.AS and IEUR.
Loading charts...
Drawdown Indicators
| IMEU.AS | IEUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.54% | -36.74% | -17.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -10.25% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -15.24% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | -21.05% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -35.16% | -36.74% | +1.58% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -5.58% | -4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.46% | +0.02% |
Volatility
IMEU.AS vs. IEUR - Volatility Comparison
The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) is 2.88%, while iShares Core MSCI Europe ETF (IEUR) has a volatility of 3.96%. This indicates that IMEU.AS experiences smaller price fluctuations and is considered to be less risky than IEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IMEU.AS | IEUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 3.96% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 11.50% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 13.58% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 14.80% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 16.70% | -1.51% |
IMEU.AS vs. IEUR - Expense Ratio Comparison
IMEU.AS has a 1.00% expense ratio, which is higher than IEUR's 0.09% expense ratio.
Dividends
IMEU.AS vs. IEUR - Dividend Comparison
IMEU.AS's dividend yield for the trailing twelve months is around 2.47%, less than IEUR's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUR iShares Core MSCI Europe ETF | 3.21% | 2.97% | 3.54% | 3.17% | 3.05% | 2.88% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% |
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.47% | 2.55% | 2.87% | 2.88% | 2.94% | 2.25% | 2.08% | 3.06% | 3.23% | 2.64% | 2.86% | 2.65% |
Frequently Asked Questions
IMEU.AS and IEUR 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.
On fees, IEUR is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEUR is cheaper with a 0.09% expense ratio, compared with 1.00% for IMEU.AS.
IMEU.AS tracks MSCI Europe NR EUR, while IEUR tracks MSCI Europe Investable Market Index. Their fees differ too: 1.00% for IMEU.AS and 0.09% for IEUR.
Find the right allocation for IMEU.AS and IEUR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer