iShares MSCI Europe Small-Cap ETF (IEUS) Performance
IEUS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.3% since Dec 31, 2025
- 1 year
- +4.8% total return
- 5 years
- +2.4% a year
- 10 years
- +7.6% a year
- Since first price
- +5.0% a year since 2007
IEUS trailing returns vs SPY, QQQ, AGG
| Period | IEUS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.4% | −2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.5% | −0.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.8% | −2.7% | +7.8% | +8.4% | −1.5% |
| YTD | +3.3% | +1.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.8% | +1.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +64.9%+18.1%/yr | +50.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +12.9%+2.4%/yr | −3.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +109.0%+7.6%/yr | +57.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +223.0%+8.1%/yr | +110.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionNov 19, 2007 | +150.5%+5.0%/yr | +48.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IEUS vs SPY
From Nov 19, 2007: IEUS grew to $25,052, SPY to $74,800.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IEUS returns by calendar year
11 of 18 full years positive. Best 2009 (+43.0%), worst 2008 (−47.9%). 2026 is year to date.
IEUS annual returns table
| Year | IEUS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.3% | −12.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +32.1% | −14.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −1.6% | −12.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.3% | −18.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −27.1% | −41.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +15.1% | −11.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +13.0% | −42.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +29.7% | −10.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −20.2% | −28.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +35.0% | −3.6% | +21.7% | +32.7% | +3.6% |
| 2016 | −0.8% | −16.2% | +12.0% | +7.1% | +2.4% |
| 2015 | +10.9% | −11.1% | +1.2% | +9.4% | +0.5% |
| 2014 | −4.7% | −17.7% | +13.5% | +19.2% | +6.0% |
| 2013 | +26.9% | −10.4% | +32.3% | +36.6% | −2.0% |
| 2012 | +23.6% | −16.0% | +16.0% | +18.1% | +3.8% |
| 2011 | −18.8% | −29.3% | +1.9% | +3.4% | +7.7% |
| 2010 | +20.8% | −19.8% | +15.1% | +19.9% | +6.4% |
| 2009 | +43.0% | −25.7% | +26.4% | +54.7% | +3.0% |
| 2008 | −47.9% | −56.2% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IEUS largest drawdowns
Now 7.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 10, 2007 | −62.1% | Mar 9, 2009 | Sep 10, 2013 | 1.2 years | 5.8 years |
| Sep 2, 2021 | −44.9% | Oct 12, 2022 | Jun 27, 2025 | 1.1 years | 3.8 years |
| Jan 26, 2018 | −44.2% | Mar 18, 2020 | Nov 23, 2020 | 2.1 years | 2.8 years |
| May 15, 2015 | −18.6% | Feb 9, 2016 | Mar 16, 2017 | 9 months | 1.8 years |
| Jul 3, 2014 | −17.7% | Oct 16, 2014 | May 8, 2015 | 3 months | 10 months |
| Feb 10, 2026 | −12.8% | Mar 20, 2026 | Apr 17, 2026 | 38 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IEUS risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +16.0% | +3.5% | +7.4% | +4.9% |
| Volatility (annualized) | 16.9% | 20.4% | 20.2% | 21.1% |
| Sharpe ratio | 0.71 | 0.09 | 0.34 | 0.27 |
| Sortino ratio | 1.19 | 0.13 | 0.49 | 0.38 |
| Best month | +12.2% | +12.9% | +16.9% | +16.9% |
| Worst month | −9.2% | −13.5% | −22.7% | −25.7% |
| Best 12 months | +33.4% | +33.4% | +73.9% | +73.9% |
| Worst 12 months | −1.6% | −38.7% | −38.7% | −54.4% |
| Positive months | 67% | 58% | 59% | 57% |
| Beta vs S&P 500 | 0.82 | 1.00 | 1.07 | — |
| Correlation with S&P 500 | 0.60 | 0.77 | 0.81 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IEUS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 216 | −54.4% | +9.5% | +73.9% | 68% |
| 3-year (a year) | 192 | −7.8% | +7.8% | +26.5% | 85% |
| 5-year (a year) | 168 | −3.6% | +7.1% | +23.2% | 96% |
| 10-year (a year) | 108 | +3.4% | +7.0% | +13.2% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
IEUS performance overview
iShares MSCI Europe Small-Cap ETF (IEUS) returned +4.8% over the past year and +7.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +5.0% a year, turning $10,000 into about $25,052. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −62.1%, from Dec 10, 2007 to Mar 9, 2009, and it took 4.5 years to get back to the old high. IEUS finished 11 of its 18 full calendar years with a gain; the best year was 2009 (+43.0%) and the worst 2008 (−47.9%). Volatility has been 21.1% a year.
Related: IEUS chart, IEUS holdings, IEUS dividends. See the IEUS overview for the latest quote and fund facts.
IEUS performance FAQ
What is the IEUS return over the past year?
IEUS returned +4.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 1.5%.
What is the average annual return of IEUS?
IEUS has returned +2.4% a year over 5 years, +7.6% a year over 10 years, +5.0% a year since November 19, 2007 (total return, distributions reinvested).
How much would $10,000 invested in IEUS be worth?
$10,000 invested in IEUS at its first recorded close on November 19, 2007 would be worth about $25,052 on October 23, 2026 with distributions reinvested.
What was the worst year for IEUS?
The worst calendar year was 2008, with a total return of −47.9%. The best was 2009 at +43.0%.
What is the biggest drawdown of IEUS?
The largest peak-to-trough decline was −62.1% between December 10, 2007 and March 9, 2009. It recovered to the old high on September 10, 2013, 4.5 years after the bottom.
How volatile is IEUS?
Over the past 3 years IEUS had an annualized volatility of 16.9% and a Sharpe ratio of 0.71 (excess return over 1–3 month T-bills per unit of risk).