IMEU.AS vs. VGK
IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) and VGK (Vanguard FTSE Europe ETF) are both Europe Equities funds - IMEU.AS tracks the MSCI Europe NR EUR while VGK tracks the FTSE Developed Europe All Cap Index. Both are passively managed. Over the past 10 years, IMEU.AS returned 9.15%/yr vs 8.99%/yr for VGK. A 0.71 correlation means they provide meaningful diversification when combined. IMEU.AS charges 1.00%/yr vs 0.06%/yr for VGK.
Performance
IMEU.AS vs. VGK - Performance Comparison
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Different Trading Currencies
IMEU.AS is traded in EUR, while VGK is traded in USD. To make them comparable, the VGK values have been converted to EUR using the latest available exchange rates.
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with IMEU.AS at 6.89% and VGK at 6.89%. Both investments have delivered pretty close results over the past 10 years, with IMEU.AS having a 9.15% annualized return and VGK not far behind at 8.99%.
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%
VGK
- 1D
- 0.00%
- 1M
- 1.92%
- YTD
- 6.89%
- 6M
- 9.08%
- 1Y
- 15.33%
- 3Y*
- 13.52%
- 5Y*
- 9.26%
- 10Y*
- 8.99%
IMEU.AS vs. VGK - 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% |
VGK Vanguard FTSE Europe ETF | 6.89% | 19.71% | 8.60% | 16.58% | -10.77% | 25.63% | -3.26% | 27.67% | -10.89% | 11.38% |
Correlation
The correlation between IMEU.AS and VGK is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2007 | 0.71 |
The correlation between IMEU.AS and VGK has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
IMEU.AS vs. VGK — Risk / Return Rank
IMEU.AS
VGK
IMEU.AS vs. VGK - 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 Vanguard FTSE Europe ETF (VGK). 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 | VGK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.50 | +0.19 |
| Martin ratioReturn relative to average drawdown | 6.32 | 6.02 | +0.31 |
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 | VGK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.15 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.62 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.52 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.28 | +0.03 |
Drawdowns
IMEU.AS vs. VGK - Drawdown Comparison
The maximum IMEU.AS drawdown since its inception was -57.85%, roughly equal to the maximum VGK drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for IMEU.AS and VGK.
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Drawdown Indicators
| IMEU.AS | VGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.85% | -58.19% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -10.30% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -15.24% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.26% | -21.12% | +1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -35.73% | -37.21% | +1.48% |
Current DrawdownCurrent decline from peak | -2.22% | -1.57% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -11.74% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.56% | -0.03% |
Volatility
IMEU.AS vs. VGK - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) and Vanguard FTSE Europe ETF (VGK) have volatilities of 4.89% and 4.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMEU.AS | VGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 4.68% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 11.05% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 13.34% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 14.89% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 17.22% | -1.67% |
IMEU.AS vs. VGK - Expense Ratio Comparison
IMEU.AS has a 1.00% expense ratio, which is higher than VGK's 0.06% expense ratio.
Dividends
IMEU.AS vs. VGK - Dividend Comparison
IMEU.AS's dividend yield for the trailing twelve months is around 2.55%, less than VGK's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGK Vanguard FTSE Europe ETF | 2.79% | 2.86% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% |
Frequently Asked Questions
IMEU.AS and VGK have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGK is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGK is cheaper with a 0.06% expense ratio, compared with 1.00% for IMEU.AS.
IMEU.AS tracks MSCI Europe NR EUR, while VGK tracks FTSE Developed Europe All Cap Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 1.00% for IMEU.AS and 0.06% for VGK.
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