MEU.MI vs. IQQJ.DE
MEU.MI (Amundi MSCI Europe II UCITS ETF) and IQQJ.DE (iShares MSCI Japan UCITS ETF (Dist)) are both exchange-traded funds - MEU.MI is a Europe Equities fund tracking the MSCI Europe index, while IQQJ.DE is a Japan Equities fund tracking the MSCI Japan. Both are passively managed. Over the past 10 years, MEU.MI returned 9.00%/yr vs 8.94%/yr for IQQJ.DE. A 0.58 correlation means they provide meaningful diversification when combined. MEU.MI charges 0.25%/yr vs 0.12%/yr for IQQJ.DE.
Performance
MEU.MI vs. IQQJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MEU.MI achieves a 6.91% return, which is significantly lower than IQQJ.DE's 16.83% return. Both investments have delivered pretty close results over the past 10 years, with MEU.MI having a 9.00% annualized return and IQQJ.DE not far behind at 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
- 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 vs. IQQJ.DE - 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% |
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% |
Correlation
The correlation between MEU.MI and IQQJ.DE 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 MEU.MI and IQQJ.DE has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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Return for Risk
MEU.MI vs. IQQJ.DE — Risk / Return Rank
MEU.MI
IQQJ.DE
MEU.MI vs. IQQJ.DE - 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 MSCI Japan UCITS ETF (Dist) (IQQJ.DE). 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 | IQQJ.DE | 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 | 1.23 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.07 | -0.41 |
| Martin ratioReturn relative to average drawdown | 6.05 | 9.16 | -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
| MEU.MI | IQQJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.87 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.46 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.47 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.28 | +0.04 |
Drawdowns
MEU.MI vs. IQQJ.DE - Drawdown Comparison
The maximum MEU.MI drawdown since its inception was -58.23%, which is greater than IQQJ.DE's maximum drawdown of -54.99%. Use the drawdown chart below to compare losses from any high point for MEU.MI and IQQJ.DE.
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Drawdown Indicators
| MEU.MI | IQQJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.23% | -54.99% | -3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -14.69% | +5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -16.72% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -19.40% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -28.02% | -7.16% |
Current DrawdownCurrent decline from peak | -1.84% | -14.69% | +12.85% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -16.84% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.33% | -0.70% |
Volatility
MEU.MI vs. IQQJ.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe II UCITS ETF (MEU.MI) is 4.18%, while iShares MSCI Japan UCITS ETF (Dist) (IQQJ.DE) has a volatility of 30.30%. This indicates that MEU.MI experiences smaller price fluctuations and is considered to be less risky than IQQJ.DE 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 | IQQJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 30.30% | -26.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 33.04% | -22.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 34.82% | -21.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 21.13% | -6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 18.82% | -3.24% |
MEU.MI vs. IQQJ.DE - Expense Ratio Comparison
MEU.MI has a 0.25% expense ratio, which is higher than IQQJ.DE's 0.12% 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. IQQJ.DE - Dividend Comparison
MEU.MI has not paid dividends to shareholders, while IQQJ.DE's dividend yield for the trailing twelve months is around 1.52%.
| 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
MEU.MI and IQQJ.DE 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.
MEU.MI is categorized as Europe Equities, while IQQJ.DE is Japan Equities. MEU.MI tracks MSCI Europe index, while IQQJ.DE tracks MSCI Japan. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for MEU.MI and 0.12% for IQQJ.DE.
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