INAA.AS vs. IMAE.AS

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI North America UCITS ETF (INAA.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS).

INAA.AS and IMAE.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INAA.AS is a passively managed fund by iShares that tracks the performance of the Russell 1000 TR USD. It was launched on Jun 2, 2006. IMAE.AS is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Sep 25, 2009. Both INAA.AS and IMAE.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

INAA.AS vs. IMAE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI North America UCITS ETF (INAA.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS). The values are adjusted to include any dividend payments, if applicable.

INAA.AS vs. IMAE.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INAA.AS iShares MSCI North America UCITS ETF	-2.87%	4.00%	32.96%	20.94%	-14.85%	37.53%	9.22%	32.33%	-1.61%	6.00%
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc)	1.55%	19.74%	8.89%	15.99%	-9.31%	25.66%	-3.06%	25.45%	-9.65%	10.15%

Returns By Period

In the year-to-date period, INAA.AS achieves a -2.87% return, which is significantly lower than IMAE.AS's 1.55% return. Over the past 10 years, INAA.AS has outperformed IMAE.AS with an annualized return of 13.04%, while IMAE.AS has yielded a comparatively lower 9.02% annualized return.

INAA.AS

• 1D: 1.65%
• 1M: -3.12%
• YTD: -2.87%
• 6M: -0.09%
• 1Y: 10.25%
• 3Y*: 15.71%
• 5Y*: 11.28%
• 10Y*: 13.04%

IMAE.AS

• 1D: 2.50%
• 1M: -3.87%
• YTD: 1.55%
• 6M: 6.56%
• 1Y: 13.60%
• 3Y*: 12.19%
• 5Y*: 9.90%
• 10Y*: 9.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

INAA.AS vs. IMAE.AS - Expense Ratio Comparison

INAA.AS has a 0.40% expense ratio, which is higher than IMAE.AS's 0.20% expense ratio.

INAA.AS

iShares MSCI North America UCITS ETF

IMAE.AS

iShares Core MSCI Europe UCITS ETF EUR (Acc)

Return for Risk

INAA.AS vs. IMAE.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INAA.AS

INAA.AS Risk / Return Rank: 52
INAA.AS Sharpe Ratio Rank: 29
INAA.AS Sortino Ratio Rank: 28
INAA.AS Omega Ratio Rank: 31
INAA.AS Calmar Ratio Rank: 87
INAA.AS Martin Ratio Rank: 83

IMAE.AS

IMAE.AS Risk / Return Rank: 60
IMAE.AS Sharpe Ratio Rank: 47
IMAE.AS Sortino Ratio Rank: 42
IMAE.AS Omega Ratio Rank: 48
IMAE.AS Calmar Ratio Rank: 82
IMAE.AS Martin Ratio Rank: 83

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.

INAA.AS vs. IMAE.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (INAA.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.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.

	INAA.AS	IMAE.AS	Difference
Sharpe ratio Return per unit of total volatility	0.60	0.89	-0.30
Sortino ratio Return per unit of downside risk	0.90	1.23	-0.32
Omega ratio Gain probability vs. loss probability	1.14	1.19	-0.05
Calmar ratio Return relative to maximum drawdown	3.02	2.47	+0.55
Martin ratio Return relative to average drawdown	10.47	10.01	+0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INAA.AS vs. IMAE.AS - Sharpe Ratio Comparison

The current INAA.AS Sharpe Ratio is 0.60, which is lower than the IMAE.AS Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of INAA.AS and IMAE.AS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	INAA.AS	IMAE.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	0.89	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.70	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.57	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.51	+0.07

Correlation

The correlation between INAA.AS and IMAE.AS is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

INAA.AS vs. IMAE.AS - Dividend Comparison

INAA.AS's dividend yield for the trailing twelve months is around 0.60%, while IMAE.AS has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INAA.AS iShares MSCI North America UCITS ETF	0.60%	0.59%	0.69%	0.92%	1.08%	0.62%	0.94%	1.10%	1.21%	1.18%	1.25%	1.39%
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (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%

Drawdowns

INAA.AS vs. IMAE.AS - Drawdown Comparison

The maximum INAA.AS drawdown since its inception was -51.35%, which is greater than IMAE.AS's maximum drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for INAA.AS and IMAE.AS.

Drawdown Indicators

	INAA.AS	IMAE.AS	Difference
Max Drawdown Largest peak-to-trough decline	-51.35%	-35.60%	-15.75%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-12.44%	-1.08%
Max Drawdown (5Y) Largest decline over 5 years	-23.43%	-19.44%	-3.99%
Max Drawdown (10Y) Largest decline over 10 years	-34.42%	-35.60%	+1.18%
Current Drawdown Current decline from peak	-5.30%	-5.41%	+0.11%
Average Drawdown Average peak-to-trough decline	-8.38%	-5.35%	-3.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.34%	-0.25%

Volatility

INAA.AS vs. IMAE.AS - Volatility Comparison

The current volatility for iShares MSCI North America UCITS ETF (INAA.AS) is 3.72%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a volatility of 5.84%. This indicates that INAA.AS experiences smaller price fluctuations and is considered to be less risky than IMAE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INAA.AS	IMAE.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	5.84%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	9.01%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	15.06%	+1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.34%	13.97%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.21%	15.50%	+0.71%