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CSUK.L vs. HDEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSUK.L vs. HDEU.L

Last updated Jun 5, 2026

CSUK.L (iShares MSCI UK UCITS ETF (Acc)) and HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both Europe Equities funds - CSUK.L tracks the FTSE AllSh TR GBP while HDEU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, CSUK.L returned 8.76%/yr vs 9.21%/yr for HDEU.L. A 0.69 correlation means they provide meaningful diversification when combined. CSUK.L charges 0.33%/yr vs 0.30%/yr for HDEU.L.

Performance

CSUK.L vs. HDEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CSUK.L is traded in GBp, while HDEU.L is traded in EUR. To make them comparable, the HDEU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CSUK.L achieves a 6.12% return, which is significantly lower than HDEU.L's 9.45% return. Over the past 10 years, CSUK.L has underperformed HDEU.L with an annualized return of 8.76%, while HDEU.L has yielded a comparatively higher 9.21% annualized return.

CSUK.L

1D
0.14%
1M
1.60%
YTD
6.12%
6M
8.42%
1Y
21.11%
3Y*
14.48%
5Y*
12.04%
10Y*
8.76%

HDEU.L

1D
-0.17%
1M
0.90%
YTD
9.45%
6M
11.03%
1Y
24.34%
3Y*
20.33%
5Y*
12.89%
10Y*
9.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSUK.L vs. HDEU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSUK.L
iShares MSCI UK UCITS ETF (Acc)		6.12%25.26%8.91%6.86%7.23%18.18%-13.09%16.20%-9.39%11.89%
HDEU.L
PowerShares EURO STOXX High Dividend Low Volatility UCITS		9.45%43.14%5.17%11.31%-3.49%13.90%-13.33%10.68%-7.27%14.71%

Correlation

The correlation between CSUK.L and HDEU.L is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.67

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2016

0.69

The correlation between CSUK.L and HDEU.L has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.

CSUK.L vs. HDEU.L - Sectors Allocation Comparison

Sectors
CSUK.L
HDEU.L

Financial Services

25.2%
35.6%

Healthcare

14.6%
0.0%

Consumer Defensive

13.5%
3.7%

Industrials

12.7%
3.7%

Energy

11.2%
6.9%

Basic Materials

9.7%
9.9%

Utilities

5.1%
12.1%

Consumer Cyclical

4.2%
10.2%

Communication Services

2.5%
6.3%

Technology

0.6%

-

Real Estate

0.6%
11.5%

Financial Services

CSUK.L
25.2%
HDEU.L
35.6%

Healthcare

CSUK.L
14.6%
HDEU.L
0.0%

Consumer Defensive

CSUK.L
13.5%
HDEU.L
3.7%

Industrials

CSUK.L
12.7%
HDEU.L
3.7%

Energy

CSUK.L
11.2%
HDEU.L
6.9%

Basic Materials

CSUK.L
9.7%
HDEU.L
9.9%

Utilities

CSUK.L
5.1%
HDEU.L
12.1%

Consumer Cyclical

CSUK.L
4.2%
HDEU.L
10.2%

Communication Services

CSUK.L
2.5%
HDEU.L
6.3%

Technology

CSUK.L
0.6%
HDEU.L

-

Real Estate

CSUK.L
0.6%
HDEU.L
11.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI UK UCITS ETF (Acc)

PowerShares EURO STOXX High Dividend Low Volatility UCITS

Often compared with CSUK.L:
CSUK.L vs. CUKX.LCSUK.L vs. MIDD.LCSUK.L vs. ^GSPCCSUK.L vs. EWUCSUK.L vs. VUKG.LCSUK.L vs. ISF.LCSUK.L vs. VUAG.L
Often compared with HDEU.L:
HDEU.L vs. EUN0.DEHDEU.L vs. GLDHDEU.L vs. VDIV.DEHDEU.L vs. WINC.ASHDEU.L vs. H50E.LHDEU.L vs. ISPA.DEHDEU.L vs. EUNK.DE

Return for Risk

CSUK.L vs. HDEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUK.L
CSUK.L Risk / Return Rank: 5454
Overall Rank
CSUK.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
CSUK.L Sortino Ratio Rank: 5656
Sortino Ratio Rank
CSUK.L Omega Ratio Rank: 5858
Omega Ratio Rank
CSUK.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
CSUK.L Martin Ratio Rank: 5050
Martin Ratio Rank
HDEU.L
HDEU.L Risk / Return Rank: 6464
Overall Rank
HDEU.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
HDEU.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
HDEU.L Omega Ratio Rank: 6464
Omega Ratio Rank
HDEU.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
HDEU.L Martin Ratio Rank: 6464
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSUK.L vs. HDEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L). 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.

CSUK.LHDEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.88
2.30

-0.42

Sortino ratioReturn per unit of downside risk
2.63
3.07

-0.44

Omega ratioGain probability vs. loss probability

1.35

1.43

-0.07

Calmar ratioReturn relative to maximum drawdown

2.36

3.38

-1.02

Martin ratioReturn relative to average drawdown

8.29

11.58

-3.29

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSUK.L vs. HDEU.L - Sharpe Ratio Comparison

The current CSUK.L Sharpe Ratio is 1.88, which is comparable to the HDEU.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of CSUK.L and HDEU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CSUK.LHDEU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.88

2.30

-0.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.92

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.58

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.60

-0.11

Drawdowns

CSUK.L vs. HDEU.L - Drawdown Comparison

The maximum CSUK.L drawdown since its inception was -34.55%, roughly equal to the maximum HDEU.L drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for CSUK.L and HDEU.L.

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Drawdown Indicators

CSUK.LHDEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-35.89%

+1.34%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-7.16%

-1.75%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-11.63%

-1.02%

Max Drawdown (5Y)

Largest decline over 5 years

-12.65%

-19.85%

+7.20%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-35.89%

+1.34%

Current Drawdown

Current decline from peak

-4.04%

-2.02%

-2.02%

Average Drawdown

Average peak-to-trough decline

-4.72%

-5.39%

+0.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.54%

2.10%

+0.44%

Volatility

CSUK.L vs. HDEU.L - Volatility Comparison

iShares MSCI UK UCITS ETF (Acc) (CSUK.L) has a higher volatility of 4.34% compared to PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) at 3.24%. This indicates that CSUK.L's price experiences larger fluctuations and is considered to be riskier than HDEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSUK.LHDEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.34%

3.24%

+1.10%

Volatility (6M)

Calculated over the trailing 6-month period

9.72%

8.18%

+1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

11.17%

10.52%

+0.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.74%

13.95%

-1.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

16.05%

-0.98%

CSUK.L vs. HDEU.L - Expense Ratio Comparison

CSUK.L has a 0.33% expense ratio, which is higher than HDEU.L's 0.30% expense ratio.

Dividends

CSUK.L vs. HDEU.L - Dividend Comparison

CSUK.L has not paid dividends to shareholders, while HDEU.L's dividend yield for the trailing twelve months is around 3.98%.

PositionTTM2025202420232022202120202019201820172016
CSUK.L
iShares MSCI UK UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HDEU.L
PowerShares EURO STOXX High Dividend Low Volatility UCITS		3.98%4.71%5.77%5.56%5.60%4.21%3.04%4.50%4.38%3.44%3.59%

Frequently Asked Questions

CSUK.L and HDEU.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HDEU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HDEU.L is cheaper with a 0.30% expense ratio, compared with 0.33% for CSUK.L.

CSUK.L tracks FTSE AllSh TR GBP, while HDEU.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.33% for CSUK.L and 0.30% for HDEU.L.

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