VEUR.AS vs. IMEU.AS
VEUR.AS (Vanguard FTSE Developed Europe UCITS ETF) and IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) are both Europe Equities funds tracking the MSCI Europe NR EUR, from Vanguard and iShares respectively. Both are passively managed. Over the past 10 years, VEUR.AS returned 9.23%/yr vs 9.17%/yr for IMEU.AS. With a 0.99 correlation, they move nearly in lockstep. VEUR.AS charges 0.10%/yr vs 1.00%/yr for IMEU.AS.
Performance
VEUR.AS vs. IMEU.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VEUR.AS having a 7.16% return and IMEU.AS slightly higher at 7.51%. Both investments have delivered pretty close results over the past 10 years, with VEUR.AS having a 9.23% annualized return and IMEU.AS not far behind at 9.17%.
VEUR.AS
- 1D
- 0.57%
- 1M
- 3.20%
- YTD
- 7.16%
- 6M
- 9.88%
- 1Y
- 16.32%
- 3Y*
- 14.06%
- 5Y*
- 9.93%
- 10Y*
- 9.23%
IMEU.AS
- 1D
- 0.58%
- 1M
- 3.43%
- YTD
- 7.51%
- 6M
- 9.86%
- 1Y
- 16.05%
- 3Y*
- 13.72%
- 5Y*
- 9.98%
- 10Y*
- 9.17%
VEUR.AS vs. IMEU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF | 7.16% | 19.69% | 10.27% | 16.15% | -10.11% | 25.55% | -2.72% | 25.95% | -10.04% | 10.80% |
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 7.51% | 19.89% | 8.97% | 15.72% | -9.15% | 25.73% | -3.22% | 25.57% | -9.62% | 10.04% |
Correlation
The correlation between VEUR.AS and IMEU.AS is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 22, 2013 | 0.99 |
The correlation between VEUR.AS and IMEU.AS has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
VEUR.AS vs. IMEU.AS — Risk / Return Rank
VEUR.AS
IMEU.AS
VEUR.AS vs. IMEU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) and iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.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.
| VEUR.AS | IMEU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.67 | +0.01 |
| Martin ratioReturn relative to average drawdown | 6.34 | 6.28 | +0.06 |
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
| VEUR.AS | IMEU.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.25 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.70 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.58 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.30 | +0.22 |
Drawdowns
VEUR.AS vs. IMEU.AS - Drawdown Comparison
The maximum VEUR.AS drawdown since its inception was -35.63%, smaller than the maximum IMEU.AS drawdown of -57.85%. Use the drawdown chart below to compare losses from any high point for VEUR.AS and IMEU.AS.
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Drawdown Indicators
| VEUR.AS | IMEU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.63% | -57.85% | +22.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -9.49% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -16.34% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -19.26% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -35.63% | -35.73% | +0.10% |
Current DrawdownCurrent decline from peak | -1.62% | -1.65% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -11.91% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.53% | +0.02% |
Volatility
VEUR.AS vs. IMEU.AS - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) and iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) have volatilities of 4.38% 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
| VEUR.AS | IMEU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.39% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 10.54% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 12.70% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 14.05% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 15.55% | -0.04% |
VEUR.AS vs. IMEU.AS - Expense Ratio Comparison
VEUR.AS has a 0.10% expense ratio, which is lower than IMEU.AS's 1.00% expense ratio.
Dividends
VEUR.AS vs. IMEU.AS - Dividend Comparison
VEUR.AS's dividend yield for the trailing twelve months is around 2.60%, more than IMEU.AS's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.54% | 2.55% | 2.87% | 2.88% | 2.93% | 2.25% | 2.08% | 3.06% | 3.23% | 2.64% | 2.85% | 2.67% |
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF | 2.60% | 2.79% | 3.04% | 3.00% | 3.32% | 2.66% | 2.24% | 3.24% | 3.62% | 3.05% | 3.19% | 3.10% |
Frequently Asked Questions
With a correlation of 0.99, VEUR.AS and IMEU.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, VEUR.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.AS is cheaper with a 0.10% expense ratio, compared with 1.00% for IMEU.AS.
Both ETFs track MSCI Europe NR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VEUR.AS and 1.00% for IMEU.AS.
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