MSCI Europe index: historical returns since 1990 (in Euros)

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From 02-01-1990 to 23-07-2026 · Index data, in EUR

Backtest results
Summary
Performance
Annual returns
Drawdowns
Rolling returns
Risk metrics

In the last 37 years, the MSCI Europe (in EUR) had a compound annual growth rate of 6,86%, a standard deviation of 18,48%, a Sharpe ratio of 0,27, and a maximum drawdown of -61,58%. €10.000 invested in 1990 would be worth about €56.590 today.

Annual rate of return 6,86%
Standard deviation 18,48%
Sharpe ratio 0,27
Max. drawdown -61,58%

ETFs tracking the MSCI Europe

Name Ticker Exchange ISIN Backtest
Amundi Core MSCI Europe UCITS ETF Acc CEU2 MI LU1437015735 View backtest →
Amundi Core MSCI Europe UCITS ETF Dist 10AI F LU1737652310 View backtest →
Amundi MSCI Europe UCITS ETF Acc LYY5 F FR0010261198 View backtest →
Amundi PEA MSCI Europe UCITS ETF Acc PCEU PA FR0013412038 View backtest →
Deka MSCI Europe UCITS ETF EL42 F DE000ETFL284 View backtest →
HSBC MSCI Europe UCITS ETF EUR H4ZE F IE00B5BD5K76 View backtest →
HSBC MSCI Europe UCITS ETF EUR (Acc) HMES LSE IE000ZQOIPB1 View backtest →
Invesco MSCI Europe UCITS ETF SMEU LSE IE00B60SWY32 View backtest →
iShares Core MSCI Europe UCITS ETF EUR (Acc) EUNK F IE00B4K48X80 View backtest →
iShares Core MSCI Europe UCITS ETF EUR (Acc) CEBZ F IE000MAO75G5 View backtest →
iShares Core MSCI Europe UCITS ETF EUR (Dist) ISEU LSE IE00B1YZSC51 View backtest →
Ossiam MSCI Europe UCITS ETF 1C/A (EUR) MEUR XETRA LU3046617984 View backtest →
State Street SPDR MSCI Europe UCITS ETF EUR ERO LSE IE00BKWQ0Q14 View backtest →
UBS Core MSCI Europe UCITS ETF EUR acc CHSU XETRA LU0950668524 View backtest →
UBS Core MSCI Europe UCITS ETF EUR dis UIMA F LU0446734104 View backtest →
Xtrackers MSCI Europe UCITS ETF 1C DBXA F LU0274209237 View backtest →
Xtrackers MSCI Europe UCITS ETF 1D XIEE F LU1242369327 View backtest →

Compare with other indices

S&P 500 → FTSE All-World → Nasdaq-100 → MSCI Emerging Markets → View all indices →

Frequently Asked Questions

What is the average annual return of the MSCI Europe?

Based on data since 1990, the MSCI Europe had a compound annual growth rate (CAGR) of 6,86% in EUR. Past performance is not indicative of future results.

How much would €10.000 invested in 1990 be worth today?

€10.000 invested in the MSCI Europe in 1990 would be worth approximately €56.590 today (EUR), assuming index returns with no dividends reinvested unless stated.

What is the maximum drawdown of the MSCI Europe?

The maximum drawdown of the MSCI Europe since 1990 was -61,58%. This is the largest peak-to-trough decline over the full period.

Returns
Scale
Display

Returns by Period

PeriodReturn
YTD+6,61%
1 Year+14,64%
3 Years+10,49%
5 Years+6,66%
10 Years+6,26%
Max+4,86%
HICP rates used (EUR, Dec/Dec): 2025: 1,94% | 2024: 2,43% | 2023: 2,93% | 2022: 9,20% | 2021: 4,96% | 2020: -0,27% | 2019: 1,33% | 2018: 1,52% | 2017: 1,34% | 2016: 1,10% | 2015: 0,25% | 2014: -0,17% | 2013: 0,85% | 2012: 2,22% | 2011: 2,76% | 2010: 2,21% | 2009: 0,93% | 2008: 1,58% | 2007: 3,07% | 2006: 1,90% | 2005: 2,25% | 2004: 2,32% | 2003: 1,98% | 2002: 2,32% | 2001: 2,05% | 2000: 2,49% | 1999: 1,73% | 1998: 0,75% | 1997: 1,48% | 1996: 0,62% | 1995: 1,71% | 1994: 2,69% | 1993: 4,47% | 1992: 5,06% | 1991: 4,05% | 1990: 2,70%

Annual Returns Table

Year Nominal Return (%) Real Return (%) Cumulative Return (%) Annualised Return to Date (%)
2026 +6,61% N/A +465,85% +4,86%
2025 +16,66% +14,44% +430,77% +4,75%
2024 +5,44% +2,93% +354,97% +4,42%
2023 +12,62% +9,42% +331,50% +4,39%
2022 -12,16% -19,56% +283,15% +4,16%
2021 +23,24% +17,41% +336,19% +4,71%
2020 -5,57% -5,32% +253,93% +4,16%
2019 +22,34% +20,74% +274,81% +4,50%
2018 -13,34% -14,64% +206,37% +3,94%
2017 +7,34% +5,92% +253,53% +4,61%
2016 -0,22% -1,31% +229,35% +4,51%
2015 +5,59% +5,33% +230,08% +4,70%
2014 +3,84% +4,02% +212,60% +4,67%
2013 +16,41% +15,43% +201,04% +4,70%
2012 +12,92% +10,47% +158,61% +4,22%
2011 -11,00% -13,39% +129,02% +3,84%
2010 +8,91% +6,56% +157,32% +4,60%
2009 +26,79% +25,62% +136,27% +4,39%
2008 -45,21% -46,06% +86,35% +3,33%
2007 -0,73% -3,68% +240,11% +7,04%
2006 +16,65% +14,47% +242,62% +7,52%
2005 +23,01% +20,30% +193,71% +6,97%
2004 +9,28% +6,80% +138,77% +5,98%
2003 +11,92% +9,75% +118,49% +5,74%
2002 -32,86% -34,38% +95,22% +5,28%
2001 -16,83% -18,50% +190,77% +9,31%
2000 -2,46% -4,83% +249,61% +12,06%
1999 +26,26% +24,11% +258,43% +13,63%
1998 +28,40% +27,44% +183,88% +12,30%
1997 +40,10% +38,05% +121,09% +10,43%
1996 +24,42% +23,65% +57,81% +6,74%
1995 +4,98% +3,22% +26,84% +4,05%
1994 -1,73% -4,31% +20,82% +3,86%
1993 +33,78% +28,05% +22,95% +5,31%
1992 -12,82% -17,02% -8,10% -2,78%
1991 +12,95% +8,56% +5,42% +2,68%
1990 -6,67% -9,12% -6,67% -6,71%

Key metrics

MetricValue

Top Drawdowns

RankStart dateBottom dateRecovery date Depth (%)Duration (days)Decline (days)Recovery (days)

Rolling Returns Summary

Metric1 Year3 Years5 Years10 Years

Risk Metrics

MetricValueDescription
Sharpe Ratio 0,27 Risk-adjusted return relative to risk-free rate
Sortino Ratio 0,35 Like Sharpe but only penalises downside volatility
Calmar Ratio 0,11 Annualised return divided by max drawdown
Standard Deviation 18,48% Total volatility (annualised)
Downside Deviation 14,07% Annualised downside volatility
VaR 95% (Monthly) -7,70% 5th percentile of monthly returns
Max. Drawdown -61,58% Largest peak-to-trough decline
Total Return 465,90% Cumulative return over full period

Data last updated:

Past performance is not indicative of future results. Figures are index returns. For informational purposes only.