SXRJ.DE vs. IEUS
SXRJ.DE (iShares MSCI EMU Small Cap UCITS ETF (Acc)) and IEUS (iShares MSCI Europe Small-Cap ETF) are both Europe Equities funds from iShares - SXRJ.DE tracks the MSCI EMU Small Cap while IEUS tracks the MSCI Europe Small Cap Index. Both are passively managed. Over the past 10 years, SXRJ.DE returned 9.05%/yr vs 7.39%/yr for IEUS. A 0.68 correlation means they provide meaningful diversification when combined. SXRJ.DE charges 0.58%/yr vs 0.40%/yr for IEUS.
Performance
SXRJ.DE vs. IEUS - Performance Comparison
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Different Trading Currencies
SXRJ.DE is traded in EUR, while IEUS is traded in USD. To make them comparable, the IEUS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRJ.DE achieves a 10.87% return, which is significantly higher than IEUS's 8.20% return. Over the past 10 years, SXRJ.DE has outperformed IEUS with an annualized return of 9.05%, while IEUS has yielded a comparatively lower 7.39% annualized return.
SXRJ.DE
- 1D
- 0.05%
- 1M
- 2.75%
- YTD
- 10.87%
- 6M
- 13.69%
- 1Y
- 17.11%
- 3Y*
- 13.45%
- 5Y*
- 6.53%
- 10Y*
- 9.05%
IEUS
- 1D
- 1.08%
- 1M
- 2.24%
- YTD
- 8.20%
- 6M
- 10.43%
- 1Y
- 12.55%
- 3Y*
- 11.74%
- 5Y*
- 3.97%
- 10Y*
- 7.39%
SXRJ.DE vs. IEUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 10.87% | 25.22% | -0.19% | 14.41% | -16.60% | 23.00% | 5.26% | 29.83% | -17.96% | 23.99% |
IEUS iShares MSCI Europe Small-Cap ETF | 8.20% | 16.39% | 4.90% | 13.82% | -22.55% | 23.67% | 3.67% | 32.65% | -16.42% | 18.45% |
Correlation
The correlation between SXRJ.DE and IEUS is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2009 | 0.68 |
The correlation between SXRJ.DE and IEUS has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
SXRJ.DE vs. IEUS — Risk / Return Rank
SXRJ.DE
IEUS
SXRJ.DE vs. IEUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) and iShares MSCI Europe Small-Cap ETF (IEUS). 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.
| SXRJ.DE | IEUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.19 | +0.41 |
| Martin ratioReturn relative to average drawdown | 5.95 | 4.42 | +1.53 |
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
| SXRJ.DE | IEUS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.93 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.22 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.40 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.33 | +0.25 |
Drawdowns
SXRJ.DE vs. IEUS - Drawdown Comparison
The maximum SXRJ.DE drawdown since its inception was -39.38%, smaller than the maximum IEUS drawdown of -55.91%. Use the drawdown chart below to compare losses from any high point for SXRJ.DE and IEUS.
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Drawdown Indicators
| SXRJ.DE | IEUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -55.91% | +16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -10.63% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -14.92% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -33.14% | +3.71% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | -42.75% | +3.37% |
Current DrawdownCurrent decline from peak | -1.35% | -0.62% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -11.16% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.85% | +0.02% |
Volatility
SXRJ.DE vs. IEUS - Volatility Comparison
The current volatility for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) is 4.04%, while iShares MSCI Europe Small-Cap ETF (IEUS) has a volatility of 4.34%. This indicates that SXRJ.DE experiences smaller price fluctuations and is considered to be less risky than IEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRJ.DE | IEUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 4.34% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 11.28% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 13.61% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 17.75% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 18.47% | -2.19% |
SXRJ.DE vs. IEUS - Expense Ratio Comparison
SXRJ.DE has a 0.58% expense ratio, which is higher than IEUS's 0.40% expense ratio.
Dividends
SXRJ.DE vs. IEUS - Dividend Comparison
SXRJ.DE has not paid dividends to shareholders, while IEUS's dividend yield for the trailing twelve months is around 2.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUS iShares MSCI Europe Small-Cap ETF | 2.99% | 3.19% | 3.25% | 2.97% | 3.00% | 2.63% | 1.21% | 4.03% | 3.21% | 2.13% | 2.48% | 2.06% |
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (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
SXRJ.DE and IEUS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEUS is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEUS is cheaper with a 0.40% expense ratio, compared with 0.58% for SXRJ.DE.
SXRJ.DE tracks MSCI EMU Small Cap, while IEUS tracks MSCI Europe Small Cap Index. Their fees differ too: 0.58% for SXRJ.DE and 0.40% for IEUS.
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