PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IMEU.L vs. IWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMEU.L vs. IWDA.L

Last updated Jun 5, 2026

IMEU.L (iShares MSCI Europe UCITS Dist) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IMEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IMEU.L returned 10.70%/yr vs 13.89%/yr for IWDA.L. A 0.72 correlation means they provide meaningful diversification when combined. IMEU.L charges 1.00%/yr vs 0.20%/yr for IWDA.L.

Performance

IMEU.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe UCITS Dist (IMEU.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IMEU.L achieves a 6.98% return, which is significantly lower than IWDA.L's 10.12% return. Over the past 10 years, IMEU.L has underperformed IWDA.L with an annualized return of 10.70%, while IWDA.L has yielded a comparatively higher 13.89% annualized return.

IMEU.L

1D
0.82%
1M
3.92%
YTD
6.98%
6M
9.21%
1Y
20.02%
3Y*
14.37%
5Y*
10.63%
10Y*
10.70%

IWDA.L

1D
0.00%
1M
4.88%
YTD
10.12%
6M
10.06%
1Y
27.03%
3Y*
17.69%
5Y*
13.03%
10Y*
13.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMEU.L vs. IWDA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMEU.L
iShares MSCI Europe UCITS Dist		6.98%26.50%4.39%13.45%-2.93%17.55%2.64%20.21%-8.95%15.22%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.28%12.41%21.19%18.05%-8.38%23.34%12.65%22.29%-3.62%12.15%

Correlation

The correlation between IMEU.L and IWDA.L is 0.69, 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

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (10Y)
Calculated over the trailing 10-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Jun 3, 2010

0.72

The correlation between IMEU.L and IWDA.L has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

IMEU.L vs. IWDA.L - Sectors Allocation Comparison

Sectors
IMEU.L
IWDA.L

Financial Services

23.1%
14.9%

Industrials

19.3%
9.7%

Healthcare

13.1%
8.6%

Technology

9.5%
32.9%

Consumer Defensive

8.4%
4.8%

Consumer Cyclical

6.4%
8.8%

Basic Materials

5.6%
2.8%

Energy

5.1%
3.9%

Utilities

4.8%
2.4%

Communication Services

3.9%
9.3%

Real Estate

0.8%
1.2%

Financial Services

IMEU.L
23.1%
IWDA.L
14.9%

Industrials

IMEU.L
19.3%
IWDA.L
9.7%

Healthcare

IMEU.L
13.1%
IWDA.L
8.6%

Technology

IMEU.L
9.5%
IWDA.L
32.9%

Consumer Defensive

IMEU.L
8.4%
IWDA.L
4.8%

Consumer Cyclical

IMEU.L
6.4%
IWDA.L
8.8%

Basic Materials

IMEU.L
5.6%
IWDA.L
2.8%

Energy

IMEU.L
5.1%
IWDA.L
3.9%

Utilities

IMEU.L
4.8%
IWDA.L
2.4%

Communication Services

IMEU.L
3.9%
IWDA.L
9.3%

Real Estate

IMEU.L
0.8%
IWDA.L
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Europe UCITS Dist

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with IMEU.L:
IMEU.L vs. IEURIMEU.L vs. VEUR.ASIMEU.L vs. SWDA.LIMEU.L vs. VGKIMEU.L vs. VEUR.LIMEU.L vs. XDEW.DEIMEU.L vs. EUE.L
Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

IMEU.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMEU.L
IMEU.L Risk / Return Rank: 4646
Overall Rank
IMEU.L Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
IMEU.L Sortino Ratio Rank: 4848
Sortino Ratio Rank
IMEU.L Omega Ratio Rank: 5151
Omega Ratio Rank
IMEU.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
IMEU.L Martin Ratio Rank: 4343
Martin Ratio Rank
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7272
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.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (IMEU.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
1.66
2.32

-0.66

Sortino ratioReturn per unit of downside risk
2.33
3.22

-0.89

Omega ratioGain probability vs. loss probability

1.32

1.43

-0.12

Calmar ratioReturn relative to maximum drawdown

1.88

4.22

-2.34

Martin ratioReturn relative to average drawdown

6.73

15.90

-9.17

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.L vs. IWDA.L - Sharpe Ratio Comparison

The current IMEU.L Sharpe Ratio is 1.66, which is comparable to the IWDA.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of IMEU.L and IWDA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IMEU.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

2.32

-0.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.90

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

0.89

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.86

-0.44

Drawdowns

IMEU.L vs. IWDA.L - Drawdown Comparison

The maximum IMEU.L drawdown since its inception was -43.51%, which is greater than IWDA.L's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for IMEU.L and IWDA.L.

Loading charts...

Drawdown Indicators

IMEU.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-43.51%

-26.18%

-17.33%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-6.37%

-4.22%

Max Drawdown (3Y)

Largest decline over 3 years

-12.55%

-18.91%

+6.36%

Max Drawdown (5Y)

Largest decline over 5 years

-15.81%

-18.91%

+3.10%

Max Drawdown (10Y)

Largest decline over 10 years

-28.68%

-26.18%

-2.50%

Current Drawdown

Current decline from peak

-1.11%

-0.27%

-0.84%

Average Drawdown

Average peak-to-trough decline

-6.17%

-3.39%

-2.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

1.70%

+1.27%

Volatility

IMEU.L vs. IWDA.L - Volatility Comparison

iShares MSCI Europe UCITS Dist (IMEU.L) has a higher volatility of 3.92% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.47%. This indicates that IMEU.L's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IMEU.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

3.47%

+0.45%

Volatility (6M)

Calculated over the trailing 6-month period

10.09%

8.85%

+1.24%

Volatility (1Y)

Calculated over the trailing 1-year period

12.05%

11.62%

+0.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.74%

14.49%

-0.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.85%

15.51%

-0.66%

IMEU.L vs. IWDA.L - Expense Ratio Comparison

IMEU.L has a 1.00% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.

Dividends

IMEU.L vs. IWDA.L - Dividend Comparison

IMEU.L's dividend yield for the trailing twelve months is around 2.93%, while IWDA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IMEU.L
iShares MSCI Europe UCITS Dist		2.93%2.92%3.46%3.31%3.29%2.68%2.30%3.59%3.61%2.97%3.34%3.62%
IWDA.L
iShares Core MSCI World UCITS ETF USD (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%

Frequently Asked Questions

IMEU.L and IWDA.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWDA.L is cheaper with a 0.20% expense ratio, compared with 1.00% for IMEU.L.

IMEU.L is categorized as Europe Equities, while IWDA.L is Global Equities. IMEU.L tracks MSCI Europe NR EUR, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 1.00% for IMEU.L and 0.20% for IWDA.L.

Portfolio Optimizer

Find the right allocation for IMEU.L and IWDA.L

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