IWRD.AS vs. IMEU.AS
IWRD.AS (iShares MSCI World UCITS ETF) and IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) are both exchange-traded funds - IWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while IMEU.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IWRD.AS returned 12.50%/yr vs 9.17%/yr for IMEU.AS. Their correlation of 0.82 suggests significant overlap in exposure. IWRD.AS charges 0.50%/yr vs 1.00%/yr for IMEU.AS.
Performance
IWRD.AS vs. IMEU.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IWRD.AS achieves a 10.92% return, which is significantly higher than IMEU.AS's 7.51% return. Over the past 10 years, IWRD.AS has outperformed IMEU.AS with an annualized return of 12.50%, while IMEU.AS has yielded a comparatively lower 9.17% annualized return.
IWRD.AS
- 1D
- -0.08%
- 1M
- 4.72%
- YTD
- 10.92%
- 6M
- 11.18%
- 1Y
- 23.48%
- 3Y*
- 17.21%
- 5Y*
- 12.56%
- 10Y*
- 12.50%
IMEU.AS
- 1D
- 0.58%
- 1M
- 3.43%
- YTD
- 7.51%
- 6M
- 9.86%
- 1Y
- 16.05%
- 3Y*
- 13.72%
- 5Y*
- 9.98%
- 10Y*
- 9.17%
IWRD.AS vs. IMEU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWRD.AS iShares MSCI World UCITS ETF | 10.92% | 6.83% | 26.78% | 19.68% | -13.85% | 32.06% | 5.87% | 29.11% | -4.38% | 7.51% |
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 7.51% | 19.89% | 8.97% | 15.72% | -9.15% | 25.73% | -3.22% | 25.57% | -9.62% | 10.04% |
Correlation
The correlation between IWRD.AS and IMEU.AS is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2007 | 0.82 |
The correlation between IWRD.AS and IMEU.AS shifts across timeframes, from 0.72 (3 years) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWRD.AS vs. IMEU.AS — Risk / Return Rank
IWRD.AS
IMEU.AS
IWRD.AS vs. IMEU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS ETF (IWRD.AS) and iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.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.
| IWRD.AS | IMEU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.24 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.67 | +1.79 |
| Martin ratioReturn relative to average drawdown | 13.65 | 6.28 | +7.38 |
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
| IWRD.AS | IMEU.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.25 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.70 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.58 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.30 | +0.20 |
Drawdowns
IWRD.AS vs. IMEU.AS - Drawdown Comparison
The maximum IWRD.AS drawdown since its inception was -52.51%, smaller than the maximum IMEU.AS drawdown of -57.85%. Use the drawdown chart below to compare losses from any high point for IWRD.AS and IMEU.AS.
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Drawdown Indicators
| IWRD.AS | IMEU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -57.85% | +5.34% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -9.49% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -16.34% | -5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -19.26% | -2.24% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -35.73% | +2.02% |
Current DrawdownCurrent decline from peak | -0.32% | -1.65% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -8.84% | -11.91% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.53% | -0.82% |
Volatility
IWRD.AS vs. IMEU.AS - Volatility Comparison
The current volatility for iShares MSCI World UCITS ETF (IWRD.AS) is 2.65%, while iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) has a volatility of 4.39%. This indicates that IWRD.AS experiences smaller price fluctuations and is considered to be less risky than IMEU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWRD.AS | IMEU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 4.39% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 10.54% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 12.70% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 14.05% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 15.55% | -0.39% |
IWRD.AS vs. IMEU.AS - Expense Ratio Comparison
IWRD.AS has a 0.50% expense ratio, which is lower than IMEU.AS's 1.00% expense ratio.
Dividends
IWRD.AS vs. IMEU.AS - Dividend Comparison
IWRD.AS's dividend yield for the trailing twelve months is around 0.85%, less than IMEU.AS's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.54% | 2.55% | 2.87% | 2.88% | 2.93% | 2.25% | 2.08% | 3.06% | 3.23% | 2.64% | 2.85% | 2.67% |
IWRD.AS iShares MSCI World UCITS ETF | 0.85% | 0.95% | 1.05% | 1.32% | 1.49% | 1.01% | 1.21% | 1.62% | 1.84% | 1.67% | 1.70% | 1.80% |
Frequently Asked Questions
IWRD.AS and IMEU.AS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWRD.AS is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWRD.AS is cheaper with a 0.50% expense ratio, compared with 1.00% for IMEU.AS.
IWRD.AS is categorized as Global Equities, while IMEU.AS is Europe Equities. IWRD.AS tracks MSCI ACWI NR USD, while IMEU.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.50% for IWRD.AS and 1.00% for IMEU.AS.
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