PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IMEU.L vs. UB12.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMEU.L vs. UB12.L

Last updated Jun 5, 2026

IMEU.L (iShares MSCI Europe UCITS Dist) and UB12.L (UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis) are both Europe Equities funds tracking the MSCI Europe NR EUR, from iShares and UBS respectively. Both are passively managed. Over the past 10 years, IMEU.L returned 10.70%/yr vs 10.20%/yr for UB12.L. With a 0.96 correlation, they move nearly in lockstep. IMEU.L charges 1.00%/yr vs 0.20%/yr for UB12.L.

Performance

IMEU.L vs. UB12.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe UCITS Dist (IMEU.L) and UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UB12.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both stocks are quite close, with IMEU.L having a 6.98% return and UB12.L slightly lower at 6.75%. Both investments have delivered pretty close results over the past 10 years, with IMEU.L having a 10.70% annualized return and UB12.L not far behind at 10.20%.

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%

UB12.L

1D
0.45%
1M
3.53%
YTD
6.75%
6M
8.80%
1Y
19.32%
3Y*
13.86%
5Y*
10.14%
10Y*
10.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMEU.L vs. UB12.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%
UB12.L
UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis		6.75%25.97%3.91%13.08%-3.54%16.84%2.37%19.34%-9.57%15.00%

Correlation

The correlation between IMEU.L and UB12.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

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

0.99

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

0.98

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

0.97

Correlation (All Time)
Calculated using the full available price history since Jan 28, 2013

0.96

The correlation between IMEU.L and UB12.L has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.

IMEU.L vs. UB12.L - Sectors Allocation Comparison

Sectors
IMEU.L
UB12.L

Financial Services

23.1%
23.2%

Industrials

19.3%
19.6%

Healthcare

13.1%
12.9%

Technology

9.5%
9.4%

Consumer Defensive

8.4%
8.6%

Consumer Cyclical

6.4%
6.3%

Basic Materials

5.6%
5.6%

Energy

5.1%
5.0%

Utilities

4.8%
4.8%

Communication Services

3.9%
3.8%

Real Estate

0.8%
0.8%

Financial Services

IMEU.L
23.1%
UB12.L
23.2%

Industrials

IMEU.L
19.3%
UB12.L
19.6%

Healthcare

IMEU.L
13.1%
UB12.L
12.9%

Technology

IMEU.L
9.5%
UB12.L
9.4%

Consumer Defensive

IMEU.L
8.4%
UB12.L
8.6%

Consumer Cyclical

IMEU.L
6.4%
UB12.L
6.3%

Basic Materials

IMEU.L
5.6%
UB12.L
5.6%

Energy

IMEU.L
5.1%
UB12.L
5.0%

Utilities

IMEU.L
4.8%
UB12.L
4.8%

Communication Services

IMEU.L
3.9%
UB12.L
3.8%

Real Estate

IMEU.L
0.8%
UB12.L
0.8%

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

UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis

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 UB12.L:
UB12.L vs. CEMU.ASUB12.L vs. IWYUB12.L vs. iwyUB12.L vs. S5SD.LUB12.L vs. CS1.LUB12.L vs. HDEU.LUB12.L vs. EUFM.L

Return for Risk

IMEU.L vs. UB12.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
UB12.L
UB12.L Risk / Return Rank: 4343
Overall Rank
UB12.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
UB12.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
UB12.L Omega Ratio Rank: 4848
Omega Ratio Rank
UB12.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
UB12.L Martin Ratio Rank: 4141
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. UB12.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (IMEU.L) and UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UB12.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.LUB12.LDifference
Sharpe ratioReturn per unit of total volatility
1.66
1.59

+0.07

Sortino ratioReturn per unit of downside risk
2.33
2.23

+0.10

Omega ratioGain probability vs. loss probability

1.32

1.30

+0.02

Calmar ratioReturn relative to maximum drawdown

1.88

1.80

+0.08

Martin ratioReturn relative to average drawdown

6.73

6.36

+0.37

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. UB12.L - Sharpe Ratio Comparison

The current IMEU.L Sharpe Ratio is 1.66, which is comparable to the UB12.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of IMEU.L and UB12.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.LUB12.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

1.59

+0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.74

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

0.69

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.59

-0.17

Drawdowns

IMEU.L vs. UB12.L - Drawdown Comparison

The maximum IMEU.L drawdown since its inception was -43.51%, which is greater than UB12.L's maximum drawdown of -28.66%. Use the drawdown chart below to compare losses from any high point for IMEU.L and UB12.L.

Loading charts...

Drawdown Indicators

IMEU.LUB12.LDifference

Max Drawdown

Largest peak-to-trough decline

-43.51%

-28.66%

-14.85%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-10.68%

+0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-12.55%

-12.68%

+0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-15.81%

-15.68%

-0.13%

Max Drawdown (10Y)

Largest decline over 10 years

-28.68%

-28.66%

-0.02%

Current Drawdown

Current decline from peak

-1.11%

-1.52%

+0.41%

Average Drawdown

Average peak-to-trough decline

-6.17%

-4.19%

-1.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

3.03%

-0.06%

Volatility

IMEU.L vs. UB12.L - Volatility Comparison

iShares MSCI Europe UCITS Dist (IMEU.L) and UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UB12.L) have volatilities of 3.92% and 3.88%, 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.

Loading charts...

Volatility by Period

IMEU.LUB12.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

3.88%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

10.09%

10.18%

-0.09%

Volatility (1Y)

Calculated over the trailing 1-year period

12.05%

12.11%

-0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.74%

13.69%

+0.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.85%

14.87%

-0.02%

IMEU.L vs. UB12.L - Expense Ratio Comparison

IMEU.L has a 1.00% expense ratio, which is higher than UB12.L's 0.20% expense ratio.

Dividends

IMEU.L vs. UB12.L - Dividend Comparison

IMEU.L's dividend yield for the trailing twelve months is around 2.93%, less than UB12.L's 3.18% yield.

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%
UB12.L
UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis		3.18%2.45%2.75%2.73%2.73%2.08%2.03%3.07%3.33%2.90%3.73%3.17%

Frequently Asked Questions

With a correlation of 0.98, IMEU.L and UB12.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, UB12.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UB12.L is cheaper with a 0.20% expense ratio, compared with 1.00% for IMEU.L.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: iShares and UBS. Their fees differ too: 1.00% for IMEU.L and 0.20% for UB12.L.

Portfolio Optimizer

Find the right allocation for IMEU.L and UB12.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