IQQJ.DE vs. MEU.MI
IQQJ.DE (iShares MSCI Japan UCITS ETF (Dist)) and MEU.MI (Amundi MSCI Europe II UCITS ETF) are both exchange-traded funds - IQQJ.DE is a Japan Equities fund tracking the MSCI Japan, while MEU.MI is a Europe Equities fund tracking the MSCI Europe index. Both are passively managed. Over the past 10 years, IQQJ.DE returned 8.94%/yr vs 9.00%/yr for MEU.MI. A 0.58 correlation means they provide meaningful diversification when combined. IQQJ.DE charges 0.12%/yr vs 0.25%/yr for MEU.MI.
Performance
IQQJ.DE vs. MEU.MI - Performance Comparison
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Returns By Period
In the year-to-date period, IQQJ.DE achieves a 16.83% return, which is significantly higher than MEU.MI's 6.91% return. Both investments have delivered pretty close results over the past 10 years, with IQQJ.DE having a 8.94% annualized return and MEU.MI not far ahead at 9.00%.
IQQJ.DE
- 1D
- -14.69%
- 1M
- 5.85%
- YTD
- 16.83%
- 6M
- 16.70%
- 1Y
- 30.57%
- 3Y*
- 15.45%
- 5Y*
- 9.84%
- 10Y*
- 8.94%
MEU.MI
- 1D
- 0.32%
- 1M
- 3.24%
- YTD
- 6.91%
- 6M
- 9.45%
- 1Y
- 15.94%
- 3Y*
- 13.53%
- 5Y*
- 9.78%
- 10Y*
- 9.00%
IQQJ.DE vs. MEU.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 16.83% | 12.69% | 13.58% | 16.03% | -12.77% | 9.53% | 4.77% | 21.88% | -10.11% | 8.81% |
MEU.MI Amundi MSCI Europe II UCITS ETF | 6.91% | 20.93% | 8.17% | 15.92% | -9.82% | 25.20% | -3.35% | 26.91% | -10.49% | 10.19% |
Correlation
The correlation between IQQJ.DE and MEU.MI is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 3, 2006 | 0.58 |
The correlation between IQQJ.DE and MEU.MI has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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Return for Risk
IQQJ.DE vs. MEU.MI — Risk / Return Rank
IQQJ.DE
MEU.MI
IQQJ.DE vs. MEU.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF (Dist) (IQQJ.DE) and Amundi MSCI Europe II UCITS ETF (MEU.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.
| IQQJ.DE | MEU.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.66 | +0.41 |
| Martin ratioReturn relative to average drawdown | 9.16 | 6.05 | +3.11 |
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
| IQQJ.DE | MEU.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.24 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.69 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.58 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.32 | -0.04 |
Drawdowns
IQQJ.DE vs. MEU.MI - Drawdown Comparison
The maximum IQQJ.DE drawdown since its inception was -54.99%, smaller than the maximum MEU.MI drawdown of -58.23%. Use the drawdown chart below to compare losses from any high point for IQQJ.DE and MEU.MI.
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Drawdown Indicators
| IQQJ.DE | MEU.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.99% | -58.23% | +3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -9.59% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -16.42% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.40% | -19.66% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -28.02% | -35.18% | +7.16% |
Current DrawdownCurrent decline from peak | -14.69% | -1.84% | -12.85% |
Average DrawdownAverage peak-to-trough decline | -16.84% | -11.83% | -5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.63% | +0.70% |
Volatility
IQQJ.DE vs. MEU.MI - Volatility Comparison
iShares MSCI Japan UCITS ETF (Dist) (IQQJ.DE) has a higher volatility of 30.30% compared to Amundi MSCI Europe II UCITS ETF (MEU.MI) at 4.18%. This indicates that IQQJ.DE's price experiences larger fluctuations and is considered to be riskier than MEU.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQJ.DE | MEU.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.30% | 4.18% | +26.12% |
Volatility (6M)Calculated over the trailing 6-month period | 33.04% | 10.62% | +22.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.82% | 12.87% | +21.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.13% | 14.35% | +6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.82% | 15.58% | +3.24% |
IQQJ.DE vs. MEU.MI - Expense Ratio Comparison
IQQJ.DE has a 0.12% expense ratio, which is lower than MEU.MI's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IQQJ.DE vs. MEU.MI - Dividend Comparison
IQQJ.DE's dividend yield for the trailing twelve months is around 1.52%, while MEU.MI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 1.52% | 1.79% | 1.48% | 1.42% | 1.76% | 1.16% | 1.40% | 1.41% | 1.44% | 1.23% | 1.21% | 0.57% |
MEU.MI Amundi MSCI Europe II UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.70% | 3.28% | 3.78% | 3.10% | 3.37% | 3.53% |
Frequently Asked Questions
IQQJ.DE and MEU.MI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQJ.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for MEU.MI.
IQQJ.DE is categorized as Japan Equities, while MEU.MI is Europe Equities. IQQJ.DE tracks MSCI Japan, while MEU.MI tracks MSCI Europe index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for IQQJ.DE and 0.25% for MEU.MI.
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