SMEA.L vs. IDJG.L

Last updated Jun 26, 2026

SMEA.L (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and IDJG.L (iShares EURO Total Market Growth Large UCITS) are both Europe Equities funds from iShares - SMEA.L tracks the MSCI Europe NR EUR while IDJG.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, SMEA.L returned 10.90%/yr vs 11.50%/yr for IDJG.L. Their correlation of 0.91 suggests significant overlap in exposure. SMEA.L charges 0.12%/yr vs 0.40%/yr for IDJG.L.

Performance

SMEA.L vs. IDJG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) and iShares EURO Total Market Growth Large UCITS (IDJG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMEA.L achieves a 9.17% return, which is significantly lower than IDJG.L's 11.64% return. Over the past 10 years, SMEA.L has underperformed IDJG.L with an annualized return of 10.90%, while IDJG.L has yielded a comparatively higher 11.50% annualized return.

SMEA.L

• 1D: 0.68%
• 1M: 2.03%
• YTD: 9.17%
• 6M: 9.58%
• 1Y: 23.59%
• 3Y*: 15.45%
• 5Y*: 10.33%
• 10Y*: 10.90%

IDJG.L

• 1D: 0.78%
• 1M: 3.15%
• YTD: 11.64%
• 6M: 12.29%
• 1Y: 20.98%
• 3Y*: 12.42%
• 5Y*: 8.46%
• 10Y*: 11.50%

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

SMEA.L vs. IDJG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMEA.L iShares Core MSCI Europe UCITS ETF EUR (Acc)	9.17%	25.88%	3.68%	13.36%	-3.48%	16.94%	2.44%	19.59%	-9.45%	14.92%
IDJG.L iShares EURO Total Market Growth Large UCITS	11.64%	16.31%	5.06%	18.23%	-12.30%	18.39%	12.16%	27.93%	-10.56%	17.01%

Correlation

The correlation between SMEA.L and IDJG.L is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009	0.91

The correlation between SMEA.L and IDJG.L has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

SMEA.L vs. IDJG.L - Sectors Allocation Comparison

Sectors	SMEA.L	IDJG.L
Financial Services	23.3%	4.6%
Industrials	19.5%	33.5%
Healthcare	13.1%	4.2%
Technology	9.6%	33.9%
Consumer Defensive	8.3%	2.9%
Consumer Cyclical	6.5%	11.9%
Basic Materials	5.7%	4.0%
Energy	4.9%	-
Utilities	4.7%	4.5%
Communication Services	3.8%	0.6%
Real Estate	0.8%	-

Return for Risk

SMEA.L vs. IDJG.L — Risk / Return Rank

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

SMEA.L

SMEA.L Risk / Return Rank: 63
SMEA.L Sharpe Ratio Rank: 70
SMEA.L Sortino Ratio Rank: 70
SMEA.L Omega Ratio Rank: 72
SMEA.L Calmar Ratio Rank: 51
SMEA.L Martin Ratio Rank: 53

IDJG.L

IDJG.L Risk / Return Rank: 35
IDJG.L Sharpe Ratio Rank: 35
IDJG.L Sortino Ratio Rank: 37
IDJG.L Omega Ratio Rank: 35
IDJG.L Calmar Ratio Rank: 34
IDJG.L 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.

SMEA.L vs. IDJG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) and iShares EURO Total Market Growth Large UCITS (IDJG.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.

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.

	SMEA.L	IDJG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.16	+0.78
Sortino ratio: Return per unit of downside risk	2.76	1.78	+0.98
Omega ratio: Gain probability vs. loss probability	1.37	1.22	+0.15
Calmar ratio: Return relative to maximum drawdown	2.22	1.57	+0.65
Martin ratio: Return relative to average drawdown	7.97	5.36	+2.61

SMEA.L vs. IDJG.L - Sharpe Ratio Comparison

The current SMEA.L Sharpe Ratio is 1.95, which is higher than the IDJG.L Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of SMEA.L and IDJG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SMEA.L vs. IDJG.L - Drawdown Comparison

The maximum SMEA.L drawdown since its inception was -30.06%, smaller than the maximum IDJG.L drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for SMEA.L and IDJG.L.

Drawdown Indicators

	SMEA.L	IDJG.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.06%	-60.68%	+30.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-13.27%	+2.71%
Max Drawdown (3Y) Largest decline over 3 years	-14.06%	-17.37%	+3.31%
Max Drawdown (5Y) Largest decline over 5 years	-15.76%	-27.15%	+11.39%
Max Drawdown (10Y) Largest decline over 10 years	-28.56%	-27.21%	-1.35%
Current Drawdown Current decline from peak	-0.22%	-3.06%	+2.84%
Average Drawdown Average peak-to-trough decline	-6.64%	-18.07%	+11.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.90%	-0.95%

Volatility

SMEA.L vs. IDJG.L - Volatility Comparison

The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) is 2.93%, while iShares EURO Total Market Growth Large UCITS (IDJG.L) has a volatility of 5.53%. This indicates that SMEA.L experiences smaller price fluctuations and is considered to be less risky than IDJG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMEA.L	IDJG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	5.53%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	10.23%	15.41%	-5.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.09%	17.96%	-5.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	19.19%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	18.30%	-1.29%

SMEA.L vs. IDJG.L - Expense Ratio Comparison

SMEA.L has a 0.12% expense ratio, which is lower than IDJG.L's 0.40% expense ratio.

Dividends

SMEA.L vs. IDJG.L - Dividend Comparison

SMEA.L has not paid dividends to shareholders, while IDJG.L's dividend yield for the trailing twelve months is around 0.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDJG.L iShares EURO Total Market Growth Large UCITS	0.90%	1.02%	0.99%	0.93%	0.97%	0.56%	1.00%	1.45%	1.53%	1.55%	1.68%	1.69%
SMEA.L iShares Core MSCI Europe UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMEA.L and IDJG.L in my portfolio?

SMEA.L and IDJG.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMEA.L or IDJG.L?

On fees, SMEA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMEA.L or IDJG.L?

SMEA.L is cheaper with a 0.12% expense ratio, compared with 0.40% for IDJG.L.

What is the main difference between SMEA.L and IDJG.L?

SMEA.L tracks MSCI Europe NR EUR, while IDJG.L tracks MSCI EMU NR EUR. Their fees differ too: 0.12% for SMEA.L and 0.40% for IDJG.L.