IQQN.DE vs. MEU.MI
IQQN.DE (iShares MSCI North America UCITS ETF) and MEU.MI (Amundi MSCI Europe II UCITS ETF) are both exchange-traded funds - IQQN.DE is a Large Cap Blend Equities fund tracking the MSCI North America, while MEU.MI is a Europe Equities fund tracking the MSCI Europe index. Both are passively managed. Over the past 10 years, IQQN.DE returned 14.38%/yr vs 9.00%/yr for MEU.MI. A 0.68 correlation means they provide meaningful diversification when combined. IQQN.DE charges 0.40%/yr vs 0.25%/yr for MEU.MI.
Performance
IQQN.DE vs. MEU.MI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IQQN.DE achieves a 11.09% return, which is significantly higher than MEU.MI's 6.91% return. Over the past 10 years, IQQN.DE has outperformed MEU.MI with an annualized return of 14.38%, while MEU.MI has yielded a comparatively lower 9.00% annualized return.
IQQN.DE
- 1D
- -0.05%
- 1M
- 4.42%
- YTD
- 11.09%
- 6M
- 10.54%
- 1Y
- 24.97%
- 3Y*
- 18.64%
- 5Y*
- 13.97%
- 10Y*
- 14.38%
MEU.MI
- 1D
- 0.32%
- 1M
- 0.87%
- YTD
- 6.91%
- 6M
- 9.73%
- 1Y
- 15.68%
- 3Y*
- 13.53%
- 5Y*
- 9.78%
- 10Y*
- 9.00%
IQQN.DE vs. MEU.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 8.53% | 34.21% | -2.31% | 6.17% |
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 IQQN.DE and MEU.MI is 0.60, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2006 | 0.68 |
The correlation between IQQN.DE and MEU.MI shifts across timeframes, from 0.55 (3 years) to 0.69 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IQQN.DE vs. MEU.MI — Risk / Return Rank
IQQN.DE
MEU.MI
IQQN.DE vs. MEU.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IQQN.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.
| IQQN.DE | MEU.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.23 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.66 | +1.80 |
| Martin ratioReturn relative to average drawdown | 12.25 | 6.05 | +6.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IQQN.DE | MEU.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.24 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.69 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.58 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.32 | +0.27 |
Drawdowns
IQQN.DE vs. MEU.MI - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, smaller than the maximum MEU.MI drawdown of -58.23%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and MEU.MI.
Loading charts...
Drawdown Indicators
| IQQN.DE | MEU.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -58.23% | +5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -9.59% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -16.42% | -7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -19.66% | -3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | -35.18% | +0.80% |
Current DrawdownCurrent decline from peak | -0.35% | -1.84% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -11.83% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.63% | -0.58% |
Volatility
IQQN.DE vs. MEU.MI - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 2.66%, while Amundi MSCI Europe II UCITS ETF (MEU.MI) has a volatility of 4.18%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than MEU.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IQQN.DE | MEU.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.18% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 10.62% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 12.87% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 14.35% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 15.58% | +0.51% |
IQQN.DE vs. MEU.MI - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than MEU.MI's 0.25% expense ratio.
Dividends
IQQN.DE vs. MEU.MI - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, while MEU.MI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 0.61% | 0.68% | 0.75% | 0.99% | 1.15% | 0.73% | 1.09% | 1.22% | 1.42% | 1.34% | 1.37% | 1.53% |
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
IQQN.DE and MEU.MI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MEU.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MEU.MI is cheaper with a 0.25% expense ratio, compared with 0.40% for IQQN.DE.
IQQN.DE is categorized as Large Cap Blend Equities, while MEU.MI is Europe Equities. IQQN.DE tracks MSCI North America, while MEU.MI tracks MSCI Europe index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for IQQN.DE and 0.25% for MEU.MI.
Find the right allocation for IQQN.DE and MEU.MI
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