MAEFX vs. EEA
MAEFX (BlackRock EuroFund Fund) and EEA (The European Equity Fund) are both Europe Equities funds. Over the past 10 years, MAEFX returned 9.17%/yr vs 8.60%/yr for EEA. A 0.55 correlation means they provide meaningful diversification when combined. MAEFX charges 1.10%/yr vs 0.01%/yr for EEA.
Performance
MAEFX vs. EEA - Performance Comparison
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Returns By Period
In the year-to-date period, MAEFX achieves a 12.58% return, which is significantly higher than EEA's 6.26% return. Over the past 10 years, MAEFX has outperformed EEA with an annualized return of 9.17%, while EEA has yielded a comparatively lower 8.60% annualized return.
MAEFX
- 1D
- 1.39%
- 1M
- 9.27%
- YTD
- 12.58%
- 6M
- 12.13%
- 1Y
- 16.96%
- 3Y*
- 15.05%
- 5Y*
- 7.05%
- 10Y*
- 9.17%
EEA
- 1D
- -1.29%
- 1M
- 2.39%
- YTD
- 6.26%
- 6M
- 6.51%
- 1Y
- 17.97%
- 3Y*
- 13.18%
- 5Y*
- 6.24%
- 10Y*
- 8.60%
MAEFX vs. EEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAEFX BlackRock EuroFund Fund | 12.58% | 20.07% | 7.21% | 20.70% | -23.85% | 19.53% | 19.34% | 25.17% | -19.83% | 22.42% |
EEA The European Equity Fund | 6.26% | 36.10% | -3.53% | 17.24% | -18.97% | 14.19% | 13.54% | 28.55% | -21.00% | 29.01% |
Correlation
The correlation between MAEFX and EEA is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 1988 | 0.55 |
The correlation between MAEFX and EEA shifts across timeframes, from 0.55 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MAEFX vs. EEA — Risk / Return Rank
MAEFX
EEA
MAEFX vs. EEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock EuroFund Fund (MAEFX) and The European Equity Fund (EEA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAEFX | EEA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.34 | -0.28 |
| Martin ratioReturn relative to average drawdown | 3.40 | 4.38 | -0.98 |
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Drawdowns
MAEFX vs. EEA - Drawdown Comparison
The maximum MAEFX drawdown since its inception was -62.58%, smaller than the maximum EEA drawdown of -72.28%. Use the drawdown chart below to compare losses from any high point for MAEFX and EEA.
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Drawdown Indicators
| MAEFX | EEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.58% | -72.28% | +9.70% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -13.45% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -20.00% | -16.30% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -40.47% | -37.51% | -2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -40.51% | -41.54% | +1.03% |
Current DrawdownCurrent decline from peak | 0.00% | -1.84% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -29.77% | +18.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 4.11% | +1.22% |
Volatility
MAEFX vs. EEA - Volatility Comparison
BlackRock EuroFund Fund (MAEFX) has a higher volatility of 7.99% compared to The European Equity Fund (EEA) at 4.35%. This indicates that MAEFX's price experiences larger fluctuations and is considered to be riskier than EEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAEFX | EEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 4.35% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 12.77% | +5.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.41% | 15.50% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.58% | 18.16% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 19.43% | +2.18% |
MAEFX vs. EEA - Expense Ratio Comparison
MAEFX has a 1.10% expense ratio, which is higher than EEA's 0.01% expense ratio.
Dividends
MAEFX vs. EEA - Dividend Comparison
MAEFX's dividend yield for the trailing twelve months is around 10.29%, more than EEA's 9.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEA The European Equity Fund | 9.03% | 7.55% | 2.19% | 1.99% | 11.60% | 14.42% | 1.86% | 5.49% | 0.95% | 0.87% | 0.97% | 2.10% |
MAEFX BlackRock EuroFund Fund | 10.29% | 11.58% | 1.29% | 1.24% | 0.76% | 0.00% | 0.00% | 0.45% | 2.81% | 1.19% | 2.32% | 1.64% |
Frequently Asked Questions
MAEFX and EEA have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAEFX has higher volatility (7.99%) compared to EEA (4.35%). In terms of maximum drawdown, MAEFX dropped -62.58% vs EEA's -72.28%.
EEA currently has the higher Sharpe Ratio (1.17 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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