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

IMEU.AS vs. WINC.AS

Last updated Jun 4, 2026

IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) are both exchange-traded funds - IMEU.AS is a Europe Equities fund tracking the MSCI Europe NR EUR, while WINC.AS is a Global Equity Income fund actively managed by iShares. IMEU.AS is passively managed, while WINC.AS is actively managed. Over the past year, IMEU.AS returned 16.16% vs 22.52% for WINC.AS. A 0.56 correlation means they provide meaningful diversification when combined. IMEU.AS charges 1.00%/yr vs 0.35%/yr for WINC.AS.

Performance

IMEU.AS vs. WINC.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 World Equity High Income UCITS ETF USD Inc (WINC.AS). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IMEU.AS is traded in EUR, while WINC.AS is traded in USD. To make them comparable, the WINC.AS 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 6.89% return, which is significantly lower than WINC.AS's 9.49% return.

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%

WINC.AS

1D
-0.33%
1M
3.94%
YTD
9.49%
6M
10.50%
1Y
22.52%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
IMEU.AS
iShares Core MSCI Europe UCITS ETF EUR (Dist)		6.89%19.89%1.80%
WINC.AS
iShares World Equity High Income UCITS ETF USD Inc		9.49%7.70%12.74%

Correlation

The correlation between IMEU.AS and WINC.AS is 0.65, 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

0.65

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2024

0.56

The correlation between IMEU.AS and WINC.AS has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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iShares Core MSCI Europe UCITS ETF EUR (Dist)

iShares World Equity High Income UCITS ETF USD Inc

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 WINC.AS:
WINC.AS vs. JEPQWINC.AS vs. JEPG.LWINC.AS vs. JEQP.LWINC.AS vs. VWRL.ASWINC.AS vs. SWDA.LWINC.AS vs. TDGB.LWINC.AS vs. QQQI

Return for Risk

IMEU.AS vs. WINC.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
WINC.AS
WINC.AS Risk / Return Rank: 7474
Overall Rank
WINC.AS Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
WINC.AS Sortino Ratio Rank: 7878
Sortino Ratio Rank
WINC.AS Omega Ratio Rank: 7070
Omega Ratio Rank
WINC.AS Calmar Ratio Rank: 7373
Calmar Ratio Rank
WINC.AS Martin Ratio Rank: 7979
Martin Ratio Rank
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. WINC.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 World Equity High Income UCITS ETF USD Inc (WINC.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.ASWINC.ASDifference
Sharpe ratioReturn per unit of total volatility
1.26
2.06

-0.80

Sortino ratioReturn per unit of downside risk
1.86
2.91

-1.06

Omega ratioGain probability vs. loss probability

1.24

1.38

-0.14

Calmar ratioReturn relative to maximum drawdown

1.68

5.27

-3.58

Martin ratioReturn relative to average drawdown

6.32

18.52

-12.20

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. WINC.AS - Sharpe Ratio Comparison

The current IMEU.AS Sharpe Ratio is 1.26, which is lower than the WINC.AS Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of IMEU.AS and WINC.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IMEU.ASWINC.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.26

2.06

-0.80

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

1.18

-0.88

Drawdowns

IMEU.AS vs. WINC.AS - Drawdown Comparison

The maximum IMEU.AS drawdown since its inception was -57.85%, which is greater than WINC.AS's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for IMEU.AS and WINC.AS.

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Drawdown Indicators

IMEU.ASWINC.ASDifference

Max Drawdown

Largest peak-to-trough decline

-57.85%

-18.74%

-39.11%

Max Drawdown (1Y)

Largest decline over 1 year

-9.49%

-4.26%

-5.23%

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%

-0.69%

-1.53%

Average Drawdown

Average peak-to-trough decline

-11.91%

-3.04%

-8.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

1.21%

+1.32%

Volatility

IMEU.AS vs. WINC.AS - Volatility Comparison

iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) has a higher volatility of 4.89% compared to iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) at 2.94%. This indicates that IMEU.AS's price experiences larger fluctuations and is considered to be riskier than WINC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMEU.ASWINC.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.89%

2.94%

+1.95%

Volatility (6M)

Calculated over the trailing 6-month period

10.53%

8.04%

+2.49%

Volatility (1Y)

Calculated over the trailing 1-year period

12.69%

10.89%

+1.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.05%

14.39%

-0.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.55%

14.39%

+1.16%

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

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

Dividends

IMEU.AS vs. WINC.AS - Dividend Comparison

IMEU.AS's dividend yield for the trailing twelve months is around 2.55%, less than WINC.AS's 9.70% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
WINC.AS
iShares World Equity High Income UCITS ETF USD Inc		9.70%9.38%4.88%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IMEU.AS and WINC.AS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

IMEU.AS is categorized as Europe Equities, while WINC.AS is Global Equity Income. Their fees differ too: 1.00% for IMEU.AS and 0.35% for WINC.AS.

Portfolio Optimizer

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