iShares Europe ETF (IEV) Performance
IEV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.9% since Dec 31, 2025
- 1 year
- +9.2% total return
- 5 years
- +8.4% a year
- 10 years
- +9.2% a year
- Since first price
- +5.1% a year since 2000
IEV trailing returns vs SPY, QQQ, AGG
| Period | IEV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.8% | −1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.8% | −1.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.2% | −0.6% | +7.8% | +8.4% | −1.5% |
| YTD | +4.9% | +3.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.2% | +6.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +65.8%+18.4%/yr | +52.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +49.5%+8.4%/yr | +29.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +142.2%+9.2%/yr | +83.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +205.6%+7.7%/yr | +98.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +158.1%+4.9%/yr | +42.2% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJul 28, 2000 | +267.9%+5.1%/yr | +84.6% | — | — | — |
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: IEV vs SPY
From Jul 28, 2000: IEV grew to $36,787, SPY to $85,152.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IEV returns by calendar year
16 of 25 full years positive. Best 2003 (+36.9%), worst 2008 (−43.4%). 2026 is year to date.
IEV annual returns table
| Year | IEV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +4.9% | −12.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +35.6% | −14.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.4% | −10.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.1% | −12.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.2% | −30.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +16.7% | −6.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +4.1% | −36.4% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.0% | −8.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −14.7% | −23.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +24.8% | −2.7% | +21.7% | +32.7% | +3.6% |
| 2016 | −0.2% | −13.0% | +12.0% | +7.1% | +2.4% |
| 2015 | −3.3% | −16.7% | +1.2% | +9.4% | +0.5% |
| 2014 | −7.3% | −16.2% | +13.5% | +19.2% | +6.0% |
| 2013 | +24.2% | −8.9% | +32.3% | +36.6% | −2.0% |
| 2012 | +20.6% | −17.9% | +16.0% | +18.1% | +3.8% |
| 2011 | −11.3% | −30.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +3.7% | −23.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +28.9% | −32.2% | +26.4% | +54.7% | +3.0% |
| 2008 | −43.4% | −55.6% | −36.8% | −41.7% | +7.9% |
| 2007 | +11.9% | −12.5% | +5.1% | +19.0% | +6.6% |
| 2006 | +32.6% | −13.6% | +15.8% | +7.1% | +3.9% |
| 2005 | +9.8% | −7.3% | +4.8% | +1.6% | +2.3% |
| 2004 | +19.4% | −10.2% | +10.7% | +10.5% | +3.8% |
| 2003 | +36.9% | −19.1% | +28.2% | +49.7% | — |
| 2002 | −17.8% | −30.5% | −21.6% | −37.4% | — |
| 2001 | −21.8% | −39.4% | −11.8% | −33.3% | — |
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.
IEV largest drawdowns
Now 7.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 31, 2007 | −63.3% | Mar 9, 2009 | Jun 5, 2014 | 1.4 years | 6.6 years |
| Sep 1, 2000 | −48.2% | Mar 12, 2003 | Dec 27, 2004 | 2.5 years | 4.3 years |
| Jan 26, 2018 | −36.6% | Mar 18, 2020 | Dec 1, 2020 | 2.1 years | 2.8 years |
| Nov 3, 2021 | −30.6% | Sep 27, 2022 | Dec 14, 2023 | 11 months | 2.1 years |
| Jul 3, 2014 | −26.0% | Feb 11, 2016 | Jul 20, 2017 | 1.6 years | 3.0 years |
| Mar 18, 2025 | −14.6% | Apr 8, 2025 | May 2, 2025 | 21 days | 45 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IEV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2000 |
|---|---|---|---|---|
| Annualized return | +17.4% | +9.6% | +9.1% | +5.1% |
| Volatility (annualized) | 13.0% | 16.8% | 16.5% | 18.1% |
| Sharpe ratio | 0.97 | 0.42 | 0.47 | — |
| Sortino ratio | 1.58 | 0.64 | 0.71 | — |
| Best month | +9.4% | +13.5% | +16.3% | +16.3% |
| Worst month | −8.1% | −9.5% | −15.4% | −21.2% |
| Best 12 months | +35.6% | +35.6% | +45.0% | +57.7% |
| Worst 12 months | +1.4% | −24.8% | −24.8% | −52.5% |
| Positive months | 72% | 63% | 62% | 57% |
| Beta vs S&P 500 | 0.59 | 0.81 | 0.86 | — |
| Correlation with S&P 500 | 0.56 | 0.76 | 0.80 | — |
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.
IEV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 304 | −52.5% | +10.2% | +57.7% | 64% |
| 3-year (a year) | 280 | −15.5% | +6.5% | +29.8% | 78% |
| 5-year (a year) | 256 | −8.6% | +5.3% | +24.4% | 87% |
| 10-year (a year) | 196 | −0.2% | +5.0% | +10.3% | 99% |
Every holding period starting at a month-end since 2000. Returns for 3 years and longer are annualized.
IEV performance overview
iShares Europe ETF (IEV) returned +9.2% over the past year and +9.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2000 it has returned +5.1% a year, turning $10,000 into about $36,787. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −63.3%, from Oct 31, 2007 to Mar 9, 2009, and it took 5.2 years to get back to the old high. IEV finished 16 of its 25 full calendar years with a gain; the best year was 2003 (+36.9%) and the worst 2008 (−43.4%). Volatility has been 18.1% a year.
Related: IEV chart, IEV holdings, IEV dividends. See the IEV overview for the latest quote and fund facts.
IEV performance FAQ
What is the IEV return over the past year?
IEV returned +9.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.1%.
What is the average annual return of IEV?
IEV has returned +8.4% a year over 5 years, +9.2% a year over 10 years, +5.1% a year since July 28, 2000 (total return, distributions reinvested).
How much would $10,000 invested in IEV be worth?
$10,000 invested in IEV at its first recorded close on July 28, 2000 would be worth about $36,787 on October 23, 2026 with distributions reinvested.
What was the worst year for IEV?
The worst calendar year was 2008, with a total return of −43.4%. The best was 2003 at +36.9%.
What is the biggest drawdown of IEV?
The largest peak-to-trough decline was −63.3% between October 31, 2007 and March 9, 2009. It recovered to the old high on June 5, 2014, 5.2 years after the bottom.
How volatile is IEV?
Over the past 3 years IEV had an annualized volatility of 13.0% and a Sharpe ratio of 0.97 (excess return over 1–3 month T-bills per unit of risk).