EEUD.L vs. ESGU.DE
EEUD.L (iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist)) and ESGU.DE (Invesco MSCI USA ESG Universal Screened UCITS ETF Acc) are both exchange-traded funds - EEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while ESGU.DE is a Large Cap Blend Equities fund tracking the MSCI USA ESG Universal Select Business Screens. Both are passively managed. Over the past 5 years, EEUD.L returned 8.83%/yr vs 14.06%/yr for ESGU.DE. A 0.64 correlation means they provide meaningful diversification when combined. EEUD.L charges 0.12%/yr vs 0.09%/yr for ESGU.DE.
Performance
EEUD.L vs. ESGU.DE - Performance Comparison
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Different Trading Currencies
EEUD.L is traded in GBP, while ESGU.DE is traded in EUR. To make them comparable, the ESGU.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EEUD.L achieves a 6.81% return, which is significantly lower than ESGU.DE's 11.66% return.
EEUD.L
- 1D
- 0.66%
- 1M
- 3.78%
- YTD
- 6.81%
- 6M
- 9.10%
- 1Y
- 18.95%
- 3Y*
- 12.96%
- 5Y*
- 8.83%
- 10Y*
- —
ESGU.DE
- 1D
- -0.39%
- 1M
- 6.07%
- YTD
- 11.66%
- 6M
- 11.07%
- 1Y
- 28.53%
- 3Y*
- 19.09%
- 5Y*
- 14.06%
- 10Y*
- —
EEUD.L vs. ESGU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EEUD.L iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) | 6.81% | 23.28% | 3.38% | 13.27% | -6.77% | 17.17% | 4.21% | 4.54% |
ESGU.DE Invesco MSCI USA ESG Universal Screened UCITS ETF Acc | 11.66% | 8.37% | 25.92% | 21.49% | -13.17% | 30.10% | 18.58% | 8.93% |
Correlation
The correlation between EEUD.L and ESGU.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.64 |
The correlation between EEUD.L and ESGU.DE shifts across timeframes, from 0.53 (3 years) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EEUD.L vs. ESGU.DE — Risk / Return Rank
EEUD.L
ESGU.DE
EEUD.L vs. ESGU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) (EEUD.L) and Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.DE). 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.
| EEUD.L | ESGU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.45 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.52 | -1.82 |
| Martin ratioReturn relative to average drawdown | 5.82 | 12.27 | -6.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EEUD.L | ESGU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.47 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.91 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.90 | -0.27 |
Drawdowns
EEUD.L vs. ESGU.DE - Drawdown Comparison
The maximum EEUD.L drawdown since its inception was -27.37%, which is greater than ESGU.DE's maximum drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for EEUD.L and ESGU.DE.
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Drawdown Indicators
| EEUD.L | ESGU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.37% | -25.10% | -2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -8.07% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -22.42% | +9.73% |
Max Drawdown (5Y)Largest decline over 5 years | -18.30% | -22.42% | +4.12% |
Current DrawdownCurrent decline from peak | -1.81% | -0.39% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -4.35% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.32% | +0.93% |
Volatility
EEUD.L vs. ESGU.DE - Volatility Comparison
iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) (EEUD.L) has a higher volatility of 4.15% compared to Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.DE) at 3.22%. This indicates that EEUD.L's price experiences larger fluctuations and is considered to be riskier than ESGU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEUD.L | ESGU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 3.22% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 7.96% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 11.49% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 15.23% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 16.91% | -1.26% |
EEUD.L vs. ESGU.DE - Expense Ratio Comparison
EEUD.L has a 0.12% expense ratio, which is higher than ESGU.DE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EEUD.L vs. ESGU.DE - Dividend Comparison
EEUD.L's dividend yield for the trailing twelve months is around 2.38%, while ESGU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EEUD.L iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) | 2.38% | 2.54% | 2.94% | 2.76% | 2.92% | 2.30% | 1.92% | 2.72% |
ESGU.DE Invesco MSCI USA ESG Universal Screened UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EEUD.L and ESGU.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGU.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGU.DE is cheaper with a 0.09% expense ratio, compared with 0.12% for EEUD.L.
EEUD.L is categorized as Europe Equities, while ESGU.DE is Large Cap Blend Equities. EEUD.L tracks MSCI Europe NR EUR, while ESGU.DE tracks MSCI USA ESG Universal Select Business Screens. They also come from different issuers: BlackRock and Invesco. Their fees differ too: 0.12% for EEUD.L and 0.09% for ESGU.DE.
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