IOO vs. SPEU
Compare and contrast key facts about iShares Global 100 ETF (IOO) and SPDR Portfolio Europe ETF (SPEU).
IOO and SPEU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IOO is a passively managed fund by iShares that tracks the performance of the S&P Global 100 Index. It was launched on Dec 5, 2000. SPEU is a passively managed fund by State Street that tracks the performance of the STOXX Europe Total Market. It was launched on Oct 15, 2002. Both IOO and SPEU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IOO or SPEU.
Key characteristics
| IOO | SPEU | |
|---|---|---|
| YTD Return | 15.06% | 9.27% |
| 1Y Return | 27.51% | 16.06% |
| 3Y Return (Ann) | 12.12% | 4.25% |
| 5Y Return (Ann) | 16.11% | 8.80% |
| 10Y Return (Ann) | 11.44% | 4.28% |
| Sharpe Ratio | 2.34 | 1.22 |
| Daily Std Dev | 12.21% | 12.93% |
| Max Drawdown | -55.85% | -62.45% |
| Current Drawdown | -0.22% | -0.18% |
Correlation
The correlation between IOO and SPEU is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IOO vs. SPEU - Performance Comparison
In the year-to-date period, IOO achieves a 15.06% return, which is significantly higher than SPEU's 9.27% return. Over the past 10 years, IOO has outperformed SPEU with an annualized return of 11.44%, while SPEU has yielded a comparatively lower 4.28% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IOO vs. SPEU - Expense Ratio Comparison
IOO has a 0.40% expense ratio, which is higher than SPEU's 0.09% expense ratio.
Risk-Adjusted Performance
IOO vs. SPEU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 ETF (IOO) and SPDR Portfolio Europe ETF (SPEU). 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.
Dividends
IOO vs. SPEU - Dividend Comparison
IOO's dividend yield for the trailing twelve months is around 1.30%, less than SPEU's 2.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOO iShares Global 100 ETF | 1.30% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% | 3.52% | 2.37% |
SPEU SPDR Portfolio Europe ETF | 2.70% | 2.91% | 3.08% | 2.67% | 2.29% | 3.19% | 4.00% | 2.82% | 3.66% | 3.62% | 5.91% | 3.06% |
Drawdowns
IOO vs. SPEU - Drawdown Comparison
The maximum IOO drawdown since its inception was -55.85%, smaller than the maximum SPEU drawdown of -62.45%. Use the drawdown chart below to compare losses from any high point for IOO and SPEU. For additional features, visit the drawdowns tool.
Volatility
IOO vs. SPEU - Volatility Comparison
iShares Global 100 ETF (IOO) has a higher volatility of 3.97% compared to SPDR Portfolio Europe ETF (SPEU) at 3.05%. This indicates that IOO's price experiences larger fluctuations and is considered to be riskier than SPEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.