PTEU vs. IEUR

Last updated Jun 5, 2026

PTEU (Pacer Trendpilot European Index ETF) and IEUR (iShares Core MSCI Europe ETF) are both Europe Equities funds - PTEU tracks the Pacer Trendpilot European Index while IEUR tracks the MSCI Europe Investable Market Index. Both are passively managed. Over the past 10 years, PTEU returned 4.30%/yr vs 9.26%/yr for IEUR. A 0.72 correlation means they provide meaningful diversification when combined. PTEU charges 0.65%/yr vs 0.09%/yr for IEUR.

Performance

PTEU vs. IEUR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot European Index ETF (PTEU) and iShares Core MSCI Europe ETF (IEUR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PTEU having a 6.77% return and IEUR slightly higher at 6.90%. Over the past 10 years, PTEU has underperformed IEUR with an annualized return of 4.30%, while IEUR has yielded a comparatively higher 9.26% annualized return.

PTEU

• 1D: 0.50%
• 1M: 2.95%
• YTD: 6.77%
• 6M: 8.86%
• 1Y: 17.82%
• 3Y*: 11.23%
• 5Y*: 7.34%
• 10Y*: 4.30%

IEUR

• 1D: 1.20%
• 1M: 2.40%
• YTD: 6.90%
• 6M: 9.92%
• 1Y: 18.10%
• 3Y*: 16.83%
• 5Y*: 8.29%
• 10Y*: 9.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTEU vs. IEUR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTEU Pacer Trendpilot European Index ETF	6.77%	30.80%	-0.50%	12.45%	-7.46%	13.43%	-19.41%	13.50%	-16.87%	28.91%
IEUR iShares Core MSCI Europe ETF	6.90%	35.67%	1.40%	19.71%	-15.90%	16.71%	5.31%	24.95%	-14.86%	26.70%

Correlation

The correlation between PTEU and IEUR is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.72

Over the past year, PTEU and IEUR have become more correlated (0.92) than their long-term average of 0.72, meaning their price movements have been converging.

PTEU vs. IEUR - Sectors Allocation Comparison

Sectors	PTEU	IEUR
Financial Services	25.1%	22.5%
Industrials	20.9%	20.4%
Technology	14.6%	8.4%
Consumer Cyclical	8.5%	6.9%
Utilities	7.1%	4.8%
Healthcare	5.7%	12.5%
Consumer Defensive	5.1%	8.0%
Basic Materials	4.2%	5.8%
Energy	4.0%	5.3%
Communication Services	3.6%	3.8%
Real Estate	1.2%	1.6%

Return for Risk

PTEU vs. IEUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTEU

PTEU Risk / Return Rank: 30
PTEU Sharpe Ratio Rank: 30
PTEU Sortino Ratio Rank: 30
PTEU Omega Ratio Rank: 30
PTEU Calmar Ratio Rank: 29
PTEU Martin Ratio Rank: 33

IEUR

IEUR Risk / Return Rank: 33
IEUR Sharpe Ratio Rank: 34
IEUR Sortino Ratio Rank: 33
IEUR Omega Ratio Rank: 32
IEUR Calmar Ratio Rank: 31
IEUR Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTEU vs. IEUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot European Index ETF (PTEU) and iShares Core MSCI Europe ETF (IEUR). 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.

	PTEU	IEUR	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.19	-0.12
Sortino ratio: Return per unit of downside risk	1.57	1.74	-0.17
Omega ratio: Gain probability vs. loss probability	1.20	1.21	-0.02
Calmar ratio: Return relative to maximum drawdown	1.40	1.51	-0.11
Martin ratio: Return relative to average drawdown	4.84	5.67	-0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTEU vs. IEUR - Sharpe Ratio Comparison

The current PTEU Sharpe Ratio is 1.06, which is comparable to the IEUR Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of PTEU and IEUR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTEU	IEUR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.19	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.47	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.50	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.36	-0.06

Drawdowns

PTEU vs. IEUR - Drawdown Comparison

The maximum PTEU drawdown since its inception was -35.45%, roughly equal to the maximum IEUR drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for PTEU and IEUR.

Drawdown Indicators

	PTEU	IEUR	Difference
Max Drawdown Largest peak-to-trough decline	-35.45%	-36.96%	+1.51%
Max Drawdown (1Y) Largest decline over 1 year	-12.82%	-12.04%	-0.78%
Max Drawdown (3Y) Largest decline over 3 years	-15.04%	-14.25%	-0.79%
Max Drawdown (5Y) Largest decline over 5 years	-15.04%	-32.75%	+17.71%
Max Drawdown (10Y) Largest decline over 10 years	-35.45%	-36.96%	+1.51%
Current Drawdown Current decline from peak	-1.22%	-1.13%	-0.09%
Average Drawdown Average peak-to-trough decline	-14.50%	-8.22%	-6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	3.20%	+0.49%

Volatility

PTEU vs. IEUR - Volatility Comparison

Pacer Trendpilot European Index ETF (PTEU) has a higher volatility of 5.79% compared to iShares Core MSCI Europe ETF (IEUR) at 5.51%. This indicates that PTEU's price experiences larger fluctuations and is considered to be riskier than IEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTEU	IEUR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	5.51%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	14.00%	12.79%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	15.34%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	17.73%	-2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.58%	18.68%	-4.10%

PTEU vs. IEUR - Expense Ratio Comparison

PTEU has a 0.65% expense ratio, which is higher than IEUR's 0.09% expense ratio.

Dividends

PTEU vs. IEUR - Dividend Comparison

PTEU's dividend yield for the trailing twelve months is around 1.80%, less than IEUR's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEUR iShares Core MSCI Europe ETF	2.78%	2.97%	3.54%	3.17%	3.05%	2.88%	2.13%	3.26%	3.76%	2.64%	3.19%	2.79%
PTEU Pacer Trendpilot European Index ETF	1.80%	1.92%	3.49%	2.74%	0.69%	1.55%	0.00%	3.43%	1.86%	0.60%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTEU and IEUR in my portfolio?

With a correlation of 0.92, PTEU and IEUR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PTEU or IEUR?

PTEU has higher volatility (5.79%) compared to IEUR (5.51%). In terms of maximum drawdown, PTEU dropped -35.45% vs IEUR's -36.96%.

Which ETF is better, PTEU or IEUR?

On 10-year performance, IEUR leads with 9.26% vs 4.30% for PTEU. On fees, IEUR is cheaper at 0.09% per year. On volatility, IEUR has been the lower-risk option at 5.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTEU or IEUR?

Over the 10-year period, IEUR has performed better with a 9.26% return vs 4.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTEU or IEUR?

IEUR is cheaper with a 0.09% expense ratio, compared with 0.65% for PTEU.

Which ETF pays a higher dividend yield, PTEU or IEUR?

IEUR has the higher dividend yield at 2.78%, compared with 1.80% for PTEU.

What is the main difference between PTEU and IEUR?

PTEU tracks Pacer Trendpilot European Index, while IEUR tracks MSCI Europe Investable Market Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.65% for PTEU and 0.09% for IEUR.

Which has better risk-adjusted returns?

IEUR currently has the higher Sharpe Ratio (1.19 vs 1.06), 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.