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

EEI.L vs. HDEU.L

Last updated Jun 5, 2026

EEI.L (WisdomTree Europe Equity Income UCITS ETF) and HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both Europe Equities funds - EEI.L tracks the MSCI Europe High Div Yld NR EUR while HDEU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, EEI.L returned 4.18%/yr vs 9.21%/yr for HDEU.L. Their correlation of 0.83 suggests significant overlap in exposure. EEI.L charges 0.29%/yr vs 0.30%/yr for HDEU.L.

Performance

EEI.L vs. HDEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Europe Equity Income UCITS ETF (EEI.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

EEI.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, EEI.L achieves a 10.61% return, which is significantly higher than HDEU.L's 9.45% return. Over the past 10 years, EEI.L has underperformed HDEU.L with an annualized return of 4.18%, while HDEU.L has yielded a comparatively higher 9.21% annualized return.

EEI.L

1D
-0.21%
1M
1.61%
YTD
10.61%
6M
13.56%
1Y
22.61%
3Y*
10.39%
5Y*
6.38%
10Y*
4.18%

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)

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

2026 (YTD)202520242023202220212020201920182017
EEI.L
WisdomTree Europe Equity Income UCITS ETF		10.61%26.84%-7.65%5.93%0.84%5.79%-16.98%9.05%-10.50%9.28%
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 EEI.L and HDEU.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.82

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

0.86

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

0.86

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

0.84

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

0.83

The correlation between EEI.L and HDEU.L has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

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

Sectors
EEI.L
HDEU.L

Financial Services

24.7%
35.6%

Utilities

16.7%
12.1%

Industrials

15.3%
3.7%

Energy

11.6%
6.9%

Communication Services

8.6%
6.3%

Basic Materials

8.3%
9.9%

Real Estate

4.8%
11.5%

Consumer Cyclical

3.3%
10.2%

Healthcare

2.8%
0.0%

Consumer Defensive

2.3%
3.7%

Technology

1.5%

-

Financial Services

EEI.L
24.7%
HDEU.L
35.6%

Utilities

EEI.L
16.7%
HDEU.L
12.1%

Industrials

EEI.L
15.3%
HDEU.L
3.7%

Energy

EEI.L
11.6%
HDEU.L
6.9%

Communication Services

EEI.L
8.6%
HDEU.L
6.3%

Basic Materials

EEI.L
8.3%
HDEU.L
9.9%

Real Estate

EEI.L
4.8%
HDEU.L
11.5%

Consumer Cyclical

EEI.L
3.3%
HDEU.L
10.2%

Healthcare

EEI.L
2.8%
HDEU.L
0.0%

Consumer Defensive

EEI.L
2.3%
HDEU.L
3.7%

Technology

EEI.L
1.5%
HDEU.L

-

Compare stocks, funds, or ETFs

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

WisdomTree Europe Equity Income UCITS ETF

PowerShares EURO STOXX High Dividend Low Volatility UCITS

Often compared with EEI.L:
EEI.L vs. EEIP.LEEI.L vs. FEUI.LEEI.L vs. FEQD.LEEI.L vs. FEUQ.DEEEI.L vs. IUKD.LEEI.L vs. SDUE.LEEI.L vs. BTCW
Often compared with HDEU.L:
HDEU.L vs. EUN0.DEHDEU.L vs. GLDHDEU.L vs. VDIV.DEHDEU.L vs. WINC.ASHDEU.L vs. ISPA.DEHDEU.L vs. H50E.LHDEU.L vs. EUNK.DE

Return for Risk

EEI.L vs. HDEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EEI.L
EEI.L Risk / Return Rank: 6060
Overall Rank
EEI.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
EEI.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
EEI.L Omega Ratio Rank: 6464
Omega Ratio Rank
EEI.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
EEI.L Martin Ratio Rank: 6060
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.

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

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Equity Income UCITS ETF (EEI.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.

EEI.LHDEU.LDifference
Sharpe ratioReturn per unit of total volatility
2.07
2.30

-0.24

Sortino ratioReturn per unit of downside risk
2.72
3.07

-0.35

Omega ratioGain probability vs. loss probability

1.38

1.43

-0.05

Calmar ratioReturn relative to maximum drawdown

2.71

3.38

-0.67

Martin ratioReturn relative to average drawdown

10.53

11.58

-1.05

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

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

The current EEI.L Sharpe Ratio is 2.07, which is comparable to the HDEU.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of EEI.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

EEI.LHDEU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.07

2.30

-0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.46

0.92

-0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

0.58

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.60

-0.39

Drawdowns

EEI.L vs. HDEU.L - Drawdown Comparison

The maximum EEI.L drawdown since its inception was -37.68%, roughly equal to the maximum HDEU.L drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for EEI.L and HDEU.L.

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Drawdown Indicators

EEI.LHDEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-37.68%

-35.89%

-1.79%

Max Drawdown (1Y)

Largest decline over 1 year

-8.29%

-7.16%

-1.13%

Max Drawdown (3Y)

Largest decline over 3 years

-14.75%

-11.63%

-3.12%

Max Drawdown (5Y)

Largest decline over 5 years

-17.71%

-19.85%

+2.14%

Max Drawdown (10Y)

Largest decline over 10 years

-37.68%

-35.89%

-1.79%

Current Drawdown

Current decline from peak

-0.98%

-2.02%

+1.04%

Average Drawdown

Average peak-to-trough decline

-11.38%

-5.39%

-5.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

2.10%

+0.04%

Volatility

EEI.L vs. HDEU.L - Volatility Comparison

WisdomTree Europe Equity Income UCITS ETF (EEI.L) has a higher volatility of 3.45% compared to PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) at 3.24%. This indicates that EEI.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

EEI.LHDEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.45%

3.24%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

8.55%

8.18%

+0.37%

Volatility (1Y)

Calculated over the trailing 1-year period

10.89%

10.52%

+0.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.75%

13.95%

-0.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.52%

16.05%

-0.53%

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

EEI.L has a 0.29% expense ratio, which is lower than HDEU.L's 0.30% expense ratio.

Dividends

EEI.L vs. HDEU.L - Dividend Comparison

EEI.L's dividend yield for the trailing twelve months is around 0.05%, less than HDEU.L's 3.98% yield.

PositionTTM20252024202320222021202020192018201720162015
EEI.L
WisdomTree Europe Equity Income UCITS ETF		0.05%0.05%0.07%0.06%0.05%0.05%0.06%0.06%0.05%0.04%0.03%0.04%
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%0.00%

Frequently Asked Questions

EEI.L and HDEU.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EEI.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EEI.L is cheaper with a 0.29% expense ratio, compared with 0.30% for HDEU.L.

EEI.L tracks MSCI Europe High Div Yld NR EUR, while HDEU.L tracks MSCI EMU NR EUR. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.29% for EEI.L and 0.30% for HDEU.L.

Portfolio Optimizer

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