iShares Core MSCI Europe ETF

iShares Core MSCI Europe ETF

About

iShares Core MSCI Europe ETF (US46434V7385) is a US-listed equity ETF tracking the MSCI Europe IMI Index (Net). With a expense ratio of 0.1%, it ranks among the lowest-cost options in its category, paying distributions. The fund holds 1,027 positions across 17 regions with 8.5B in assets.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jul 5, 2026
Component Score Details
Overall 8.3 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 8.9 Tracking Difference: 9.3 · TD Consistency: — · Expense Ratio: 8.1
Diversification (45%) 7.0 Holding Count: 7.8 · Country Concentration: 5.1 · Sector Concentration: 10.0
Liquidity (25%) 9.9 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker IEUR
ISIN
Fund Size $8.5B
Issuer iShares
Distribution Pays Distributions
Replication Physical
Inception Jun 2014
Base Currency USD
Index MSCI Europe IMI Index (Net)
Asset Class Equities
Category European Equity

Costs

8.9
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.10%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month -0.03%
3 Months +0.09%
6 Months +0.04%
1 Year +19.53%
3 Years +17.55%
5 Years +8.58%
10 Years +9.39%
YTD +7.26%
Since Inception +6.53%

Holdings

7.8
This fund spreads its investments across 1,027 individual holdings, providing broad diversification.
#1
A
ASML Holding NV
4.50%
#2
H
HSBC Holdings PLC
2.08%
#3
R
Roche Holding AG
1.88%
#4
A
AstraZeneca PLC
1.85%
#5
N
Novartis AG
1.85%
#6
N
Nestle SA
1.71%
#7
S
Siemens AG
1.46%
#8
S
Shell PLC
1.38%
#9
B
Banco Santander SA
1.24%
#10
A
Allianz SE
1.14%

Sectors

10.0
This fund is well-diversified across 12 sectors, with no single sector dominating.
 
Sector Weight
Financials 2346.00%
Industrials 1944.00%
Health Care 1262.00%
Technology 934.00%
Consumer Staples 818.00%
Consumer Discretionary 692.00%
Materials 556.00%
Utilities 468.00%
Energy 446.00%
Communication Services 333.00%
Real Estate 144.00%
Unknown 61.00%

Regions

5.1
This fund invests across 18 countries, though its geographic allocation deviates somewhat from the global market.
 
Country Weight
United Kingdom 2263.00%
France 1439.00%
Switzerland 1423.00%
Germany 1289.00%
Netherlands 832.00%
Spain 582.00%
Sweden 523.00%
Italy 516.00%
Denmark 278.00%
Belgium 194.00%
Finland 188.00%
Norway 133.00%
United States 113.00%
Austria 71.00%
Ireland 62.00%
UNKNOWN 53.00%
Portugal 33.00%
Jersey 8.00%

Nerd Stuff

Advanced risk and return metrics (2023-07-06 — 2026-06-26).
15.3%
Volatility
-13.9%
Max Drawdown
0.73
Sharpe Ratio
1.04
Sortino Ratio
0.80
Calmar Ratio
0.21
Beta
6.01%
Alpha (Jensen's)
0.056
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Similar ETFs

Other funds tracking European Equity indices.
State Street® SPDR® Portfolio Europe ETF
US78463X1037·Expense Ratio 0.07%
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