MEU.MI vs. EIMI.L
MEU.MI (Amundi MSCI Europe II UCITS ETF) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - MEU.MI is a Europe Equities fund tracking the MSCI Europe index, while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, MEU.MI returned 9.00%/yr vs 10.02%/yr for EIMI.L. A 0.65 correlation means they provide meaningful diversification when combined. MEU.MI charges 0.25%/yr vs 0.18%/yr for EIMI.L.
Performance
MEU.MI vs. EIMI.L - Performance Comparison
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Different Trading Currencies
MEU.MI is traded in EUR, while EIMI.L is traded in USD. To make them comparable, the EIMI.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, MEU.MI achieves a 6.91% return, which is significantly lower than EIMI.L's 25.66% return. Over the past 10 years, MEU.MI has underperformed EIMI.L with an annualized return of 9.00%, while EIMI.L has yielded a comparatively higher 10.02% annualized return.
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%
EIMI.L
- 1D
- -1.44%
- 1M
- 5.21%
- YTD
- 25.66%
- 6M
- 27.55%
- 1Y
- 46.90%
- 3Y*
- 20.02%
- 5Y*
- 8.61%
- 10Y*
- 10.02%
MEU.MI vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 25.66% | 16.48% | 14.45% | 7.70% | -14.70% | 6.78% | 9.01% | 19.00% | -10.14% | 20.12% |
Correlation
The correlation between MEU.MI and EIMI.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.65 |
The correlation between MEU.MI and EIMI.L has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
MEU.MI vs. EIMI.L — Risk / Return Rank
MEU.MI
EIMI.L
MEU.MI vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe II UCITS ETF (MEU.MI) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L). 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.
| MEU.MI | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.46 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 4.35 | -2.69 |
| Martin ratioReturn relative to average drawdown | 6.05 | 15.66 | -9.61 |
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
| MEU.MI | EIMI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.52 | -1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.51 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.54 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.43 | -0.11 |
Drawdowns
MEU.MI vs. EIMI.L - Drawdown Comparison
The maximum MEU.MI drawdown since its inception was -58.23%, which is greater than EIMI.L's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for MEU.MI and EIMI.L.
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Drawdown Indicators
| MEU.MI | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.23% | -34.87% | -23.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -10.72% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -18.31% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -22.33% | +2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -32.18% | -3.00% |
Current DrawdownCurrent decline from peak | -1.84% | -2.50% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -9.29% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.99% | -0.36% |
Volatility
MEU.MI vs. EIMI.L - Volatility Comparison
The current volatility for Amundi MSCI Europe II UCITS ETF (MEU.MI) is 4.18%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 7.61%. This indicates that MEU.MI experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEU.MI | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 7.61% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 15.80% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 18.51% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 16.92% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 18.48% | -2.90% |
MEU.MI vs. EIMI.L - Expense Ratio Comparison
MEU.MI has a 0.25% expense ratio, which is higher than EIMI.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MEU.MI vs. EIMI.L - Dividend Comparison
Neither MEU.MI nor EIMI.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
MEU.MI and EIMI.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.25% for MEU.MI.
MEU.MI is categorized as Europe Equities, while EIMI.L is Emerging Markets Equities. MEU.MI tracks MSCI Europe index, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for MEU.MI and 0.18% for EIMI.L.
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