MEU.MI vs. IQQN.DE
MEU.MI (Amundi MSCI Europe II UCITS ETF) and IQQN.DE (iShares MSCI North America UCITS ETF) are both exchange-traded funds - MEU.MI is a Europe Equities fund tracking the MSCI Europe index, while IQQN.DE is a Large Cap Blend Equities fund tracking the MSCI North America. Both are passively managed. Over the past 10 years, MEU.MI returned 9.00%/yr vs 14.38%/yr for IQQN.DE. A 0.68 correlation means they provide meaningful diversification when combined. MEU.MI charges 0.25%/yr vs 0.40%/yr for IQQN.DE.
Performance
MEU.MI vs. IQQN.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 IQQN.DE's 11.09% return. Over the past 10 years, MEU.MI has underperformed IQQN.DE with an annualized return of 9.00%, while IQQN.DE has yielded a comparatively higher 14.38% 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%
IQQN.DE
- 1D
- -0.05%
- 1M
- 5.20%
- YTD
- 11.09%
- 6M
- 11.12%
- 1Y
- 25.13%
- 3Y*
- 18.64%
- 5Y*
- 13.97%
- 10Y*
- 14.38%
MEU.MI vs. IQQN.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% |
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% |
Correlation
The correlation between MEU.MI and IQQN.DE 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 MEU.MI and IQQN.DE shifts across timeframes, from 0.55 (3 years) to 0.69 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
MEU.MI vs. IQQN.DE — Risk / Return Rank
MEU.MI
IQQN.DE
MEU.MI vs. IQQN.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 North America UCITS ETF (IQQN.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 | IQQN.DE | 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 | 1.23 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.46 | -1.80 |
| Martin ratioReturn relative to average drawdown | 6.05 | 12.25 | -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. | |||
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Sharpe Ratios by Period
| MEU.MI | IQQN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.16 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.91 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.89 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.59 | -0.27 |
Drawdowns
MEU.MI vs. IQQN.DE - Drawdown Comparison
The maximum MEU.MI drawdown since its inception was -58.23%, which is greater than IQQN.DE's maximum drawdown of -52.40%. Use the drawdown chart below to compare losses from any high point for MEU.MI and IQQN.DE.
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Drawdown Indicators
| MEU.MI | IQQN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.23% | -52.40% | -5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -7.22% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -23.46% | +7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -23.46% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -34.38% | -0.80% |
Current DrawdownCurrent decline from peak | -1.84% | -0.35% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -9.11% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.05% | +0.58% |
Volatility
MEU.MI vs. IQQN.DE - Volatility Comparison
Amundi MSCI Europe II UCITS ETF (MEU.MI) has a higher volatility of 4.18% compared to iShares MSCI North America UCITS ETF (IQQN.DE) at 2.66%. This indicates that MEU.MI's price experiences larger fluctuations and is considered to be riskier than IQQN.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 | IQQN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 2.66% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 7.55% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 11.56% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 15.24% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 16.09% | -0.51% |
MEU.MI vs. IQQN.DE - Expense Ratio Comparison
MEU.MI has a 0.25% expense ratio, which is lower than IQQN.DE's 0.40% expense ratio.
Dividends
MEU.MI vs. IQQN.DE - Dividend Comparison
MEU.MI has not paid dividends to shareholders, while IQQN.DE's dividend yield for the trailing twelve months is around 0.61%.
| 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
MEU.MI and IQQN.DE 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.
MEU.MI is categorized as Europe Equities, while IQQN.DE is Large Cap Blend Equities. MEU.MI tracks MSCI Europe index, while IQQN.DE tracks MSCI North America. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for MEU.MI and 0.40% for IQQN.DE.
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