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VERX.AS vs. IMAE.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VERX.AS vs. IMAE.AS

Last updated Jun 5, 2026

VERX.AS (Vanguard FTSE Developed Europe ex-UK UCITS ETF) and IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both Europe Equities funds - VERX.AS tracks the MSCI Europe Ex UK NR EUR while IMAE.AS tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, VERX.AS returned 9.69%/yr vs 9.17%/yr for IMAE.AS. Their correlation of 0.94 suggests significant overlap in exposure. VERX.AS charges 0.10%/yr vs 0.20%/yr for IMAE.AS.

Performance

VERX.AS vs. IMAE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with VERX.AS having a 7.73% return and IMAE.AS slightly lower at 7.51%. Over the past 10 years, VERX.AS has outperformed IMAE.AS with an annualized return of 9.69%, while IMAE.AS has yielded a comparatively lower 9.17% annualized return.

VERX.AS

1D
0.65%
1M
3.79%
YTD
7.73%
6M
10.13%
1Y
15.93%
3Y*
13.68%
5Y*
9.30%
10Y*
9.69%

IMAE.AS

1D
0.53%
1M
3.33%
YTD
7.51%
6M
9.82%
1Y
16.13%
3Y*
13.66%
5Y*
9.96%
10Y*
9.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VERX.AS vs. IMAE.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VERX.AS
Vanguard FTSE Developed Europe ex-UK UCITS ETF		7.73%20.65%7.05%18.49%-12.99%24.93%2.62%26.48%-10.05%12.01%
IMAE.AS
iShares Core MSCI Europe UCITS ETF EUR (Acc)		7.51%19.74%8.89%15.99%-9.31%25.66%-3.06%25.45%-9.65%10.15%

Correlation

The correlation between VERX.AS and IMAE.AS is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (10Y)
Calculated over the trailing 10-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2014

0.94

The correlation between VERX.AS and IMAE.AS has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Vanguard FTSE Developed Europe ex-UK UCITS ETF

iShares Core MSCI Europe UCITS ETF EUR (Acc)

Often compared with VERX.AS:
VERX.AS vs. VERG.LVERX.AS vs. IEUX.LVERX.AS vs. VUSA.ASVERX.AS vs. VEUA.LVERX.AS vs. ISX5.LVERX.AS vs. CSX5.LVERX.AS vs. VERE.DE
Often compared with IMAE.AS:
IMAE.AS vs. VEUR.ASIMAE.AS vs. IWDA.LIMAE.AS vs. IWDA.ASIMAE.AS vs. EUEA.ASIMAE.AS vs. SWRD.LIMAE.AS vs. EXI1.DEIMAE.AS vs. SPGP.L

Return for Risk

VERX.AS vs. IMAE.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VERX.AS
VERX.AS Risk / Return Rank: 3333
Overall Rank
VERX.AS Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
VERX.AS Sortino Ratio Rank: 3333
Sortino Ratio Rank
VERX.AS Omega Ratio Rank: 3333
Omega Ratio Rank
VERX.AS Calmar Ratio Rank: 3232
Calmar Ratio Rank
VERX.AS Martin Ratio Rank: 3737
Martin Ratio Rank
IMAE.AS
IMAE.AS Risk / Return Rank: 3636
Overall Rank
IMAE.AS Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
IMAE.AS Sortino Ratio Rank: 3636
Sortino Ratio Rank
IMAE.AS Omega Ratio Rank: 3636
Omega Ratio Rank
IMAE.AS Calmar Ratio Rank: 3535
Calmar Ratio Rank
IMAE.AS Martin Ratio Rank: 4040
Martin Ratio Rank
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.

VERX.AS vs. IMAE.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS). 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.

VERX.ASIMAE.ASDifference
Sharpe ratioReturn per unit of total volatility
1.17
1.25

-0.08

Sortino ratioReturn per unit of downside risk
1.74
1.84

-0.11

Omega ratioGain probability vs. loss probability

1.22

1.24

-0.02

Calmar ratioReturn relative to maximum drawdown

1.54

1.68

-0.14

Martin ratioReturn relative to average drawdown

5.65

6.22

-0.57

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VERX.AS vs. IMAE.AS - Sharpe Ratio Comparison

The current VERX.AS Sharpe Ratio is 1.17, which is comparable to the IMAE.AS Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of VERX.AS and IMAE.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VERX.ASIMAE.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.17

1.25

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.69

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.58

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.53

+0.06

Drawdowns

VERX.AS vs. IMAE.AS - Drawdown Comparison

The maximum VERX.AS drawdown since its inception was -34.59%, roughly equal to the maximum IMAE.AS drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for VERX.AS and IMAE.AS.

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Drawdown Indicators

VERX.ASIMAE.ASDifference

Max Drawdown

Largest peak-to-trough decline

-34.59%

-35.60%

+1.01%

Max Drawdown (1Y)

Largest decline over 1 year

-10.21%

-9.47%

-0.74%

Max Drawdown (3Y)

Largest decline over 3 years

-16.22%

-16.51%

+0.29%

Max Drawdown (5Y)

Largest decline over 5 years

-22.89%

-19.44%

-3.45%

Max Drawdown (10Y)

Largest decline over 10 years

-34.59%

-35.60%

+1.01%

Current Drawdown

Current decline from peak

-1.39%

-1.69%

+0.30%

Average Drawdown

Average peak-to-trough decline

-5.73%

-5.32%

-0.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

2.56%

+0.23%

Volatility

VERX.AS vs. IMAE.AS - Volatility Comparison

Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) have volatilities of 4.34% and 4.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VERX.ASIMAE.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.34%

4.39%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

11.06%

10.62%

+0.44%

Volatility (1Y)

Calculated over the trailing 1-year period

13.49%

12.76%

+0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.86%

14.15%

+0.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.73%

15.54%

+0.19%

VERX.AS vs. IMAE.AS - Expense Ratio Comparison

VERX.AS has a 0.10% expense ratio, which is lower than IMAE.AS's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VERX.AS vs. IMAE.AS - Dividend Comparison

VERX.AS's dividend yield for the trailing twelve months is around 2.48%, while IMAE.AS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IMAE.AS
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%
VERX.AS
Vanguard FTSE Developed Europe ex-UK UCITS ETF		2.48%2.67%2.91%2.75%3.05%2.29%1.96%2.83%3.20%2.71%2.81%2.61%

Frequently Asked Questions

With a correlation of 0.98, VERX.AS and IMAE.AS 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.

On fees, VERX.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VERX.AS is cheaper with a 0.10% expense ratio, compared with 0.20% for IMAE.AS.

VERX.AS tracks MSCI Europe Ex UK NR EUR, while IMAE.AS tracks MSCI Europe NR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VERX.AS and 0.20% for IMAE.AS.

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