IMEU.L vs. VEUR.MI
IMEU.L (iShares MSCI Europe UCITS Dist) and VEUR.MI (Vanguard FTSE Developed Europe UCITS ETF) are both Europe Equities funds - IMEU.L tracks the MSCI Europe NR EUR while VEUR.MI tracks the FTSE Developed Europe Index. Both are passively managed. Over the past 5 years, IMEU.L returned 10.63%/yr vs 10.04%/yr for VEUR.MI. Their correlation of 0.92 suggests significant overlap in exposure. IMEU.L charges 1.00%/yr vs 0.10%/yr for VEUR.MI.
Performance
IMEU.L vs. VEUR.MI - Performance Comparison
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Different Trading Currencies
IMEU.L is traded in GBp, while VEUR.MI is traded in EUR. To make them comparable, the VEUR.MI 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 higher than VEUR.MI's 6.26% 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%
VEUR.MI
- 1D
- 0.52%
- 1M
- 3.27%
- YTD
- 6.26%
- 6M
- 8.67%
- 1Y
- 19.30%
- 3Y*
- 14.19%
- 5Y*
- 10.04%
- 10Y*
- —
IMEU.L vs. VEUR.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IMEU.L iShares MSCI Europe UCITS Dist | 6.98% | 26.50% | 4.39% | 13.45% | -2.93% | 17.55% | 2.64% | 16.47% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 6.26% | 27.05% | 4.33% | 13.97% | -5.30% | 16.33% | 3.02% | 16.20% |
Correlation
The correlation between IMEU.L and VEUR.MI is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2019 | 0.92 |
The correlation between IMEU.L and VEUR.MI has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
IMEU.L vs. VEUR.MI — Risk / Return Rank
IMEU.L
VEUR.MI
IMEU.L vs. VEUR.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (IMEU.L) and Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI). 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.L | VEUR.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.83 | +0.05 |
| Martin ratioReturn relative to average drawdown | 6.73 | 6.57 | +0.16 |
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.L | VEUR.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.55 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.72 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.68 | -0.26 |
Drawdowns
IMEU.L vs. VEUR.MI - Drawdown Comparison
The maximum IMEU.L drawdown since its inception was -43.51%, which is greater than VEUR.MI's maximum drawdown of -28.41%. Use the drawdown chart below to compare losses from any high point for IMEU.L and VEUR.MI.
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Drawdown Indicators
| IMEU.L | VEUR.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.51% | -28.41% | -15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -10.54% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -12.55% | -13.80% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -16.38% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -28.68% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -1.38% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -3.97% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.94% | +0.03% |
Volatility
IMEU.L vs. VEUR.MI - Volatility Comparison
The current volatility for iShares MSCI Europe UCITS Dist (IMEU.L) is 3.92%, while Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) has a volatility of 4.19%. This indicates that IMEU.L experiences smaller price fluctuations and is considered to be less risky than VEUR.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMEU.L | VEUR.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 4.19% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 10.53% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.05% | 12.47% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.74% | 14.21% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 16.10% | -1.25% |
IMEU.L vs. VEUR.MI - Expense Ratio Comparison
IMEU.L has a 1.00% expense ratio, which is higher than VEUR.MI's 0.10% expense ratio.
Dividends
IMEU.L vs. VEUR.MI - Dividend Comparison
IMEU.L's dividend yield for the trailing twelve months is around 2.93%, more than VEUR.MI's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 2.61% | 2.79% | 3.07% | 3.00% | 3.32% | 2.66% | 2.23% | 3.24% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, IMEU.L and VEUR.MI 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, VEUR.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.MI is cheaper with a 0.10% expense ratio, compared with 1.00% for IMEU.L.
IMEU.L tracks MSCI Europe NR EUR, while VEUR.MI tracks FTSE Developed Europe Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 1.00% for IMEU.L and 0.10% for VEUR.MI.
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