IMEU.AS vs. VGWL.DE
IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) and VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) are both exchange-traded funds - IMEU.AS is a Europe Equities fund tracking the MSCI Europe NR EUR, while VGWL.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past 5 years, IMEU.AS returned 9.98%/yr vs 12.28%/yr for VGWL.DE. Their correlation of 0.82 suggests significant overlap in exposure. IMEU.AS charges 1.00%/yr vs 0.22%/yr for VGWL.DE.
Performance
IMEU.AS vs. VGWL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IMEU.AS achieves a 7.51% return, which is significantly lower than VGWL.DE's 12.63% return.
IMEU.AS
- 1D
- 0.58%
- 1M
- 3.43%
- YTD
- 7.51%
- 6M
- 9.86%
- 1Y
- 16.05%
- 3Y*
- 13.72%
- 5Y*
- 9.98%
- 10Y*
- 9.17%
VGWL.DE
- 1D
- -0.24%
- 1M
- 5.01%
- YTD
- 12.63%
- 6M
- 13.34%
- 1Y
- 26.36%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
IMEU.AS vs. VGWL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 7.51% | 19.89% | 8.97% | 15.72% | -9.15% | 25.73% | -3.22% | 25.57% | -9.62% | -0.69% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.63% | 9.18% | 24.40% | 18.17% | -13.48% | 28.60% | 5.38% | 30.12% | -6.03% | 2.20% |
Correlation
The correlation between IMEU.AS and VGWL.DE 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 | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.82 |
The correlation between IMEU.AS and VGWL.DE has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.
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Return for Risk
IMEU.AS vs. VGWL.DE — Risk / Return Rank
IMEU.AS
VGWL.DE
IMEU.AS vs. VGWL.DE - 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 All-World UCITS ETF Distributing (VGWL.DE). 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 | VGWL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.99 | -2.32 |
| Martin ratioReturn relative to average drawdown | 6.28 | 16.38 | -10.10 |
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 | VGWL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.32 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.88 | -0.18 |
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 | 0.77 | -0.47 |
Drawdowns
IMEU.AS vs. VGWL.DE - Drawdown Comparison
The maximum IMEU.AS drawdown since its inception was -57.85%, which is greater than VGWL.DE's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for IMEU.AS and VGWL.DE.
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Drawdown Indicators
| IMEU.AS | VGWL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.85% | -33.40% | -24.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -6.57% | -2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -21.04% | +4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -19.26% | -21.04% | +1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -35.73% | — | — |
Current DrawdownCurrent decline from peak | -1.65% | -0.64% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -4.34% | -7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.61% | +0.92% |
Volatility
IMEU.AS vs. VGWL.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) has a higher volatility of 4.39% compared to Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) at 3.02%. This indicates that IMEU.AS's price experiences larger fluctuations and is considered to be riskier than VGWL.DE 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 | VGWL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 3.02% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 8.13% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 11.29% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 13.76% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 15.51% | +0.04% |
IMEU.AS vs. VGWL.DE - Expense Ratio Comparison
IMEU.AS has a 1.00% expense ratio, which is higher than VGWL.DE's 0.22% expense ratio.
Dividends
IMEU.AS vs. VGWL.DE - Dividend Comparison
IMEU.AS's dividend yield for the trailing twelve months is around 2.54%, more than VGWL.DE's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.54% | 2.55% | 2.87% | 2.88% | 2.93% | 2.25% | 2.08% | 3.06% | 3.23% | 2.64% | 2.85% | 2.67% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 1.24% | 1.42% | 1.48% | 1.73% | 2.09% | 1.43% | 1.56% | 1.87% | 2.26% | 0.37% | 0.00% | 0.00% |
Frequently Asked Questions
IMEU.AS and VGWL.DE 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, VGWL.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWL.DE is cheaper with a 0.22% expense ratio, compared with 1.00% for IMEU.AS.
IMEU.AS is categorized as Europe Equities, while VGWL.DE is Global Equities. IMEU.AS tracks MSCI Europe NR EUR, while VGWL.DE tracks FTSE All-World. They also come from different issuers: iShares and Vanguard. Their fees differ too: 1.00% for IMEU.AS and 0.22% for VGWL.DE.
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