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EQDS.L vs. SMEA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EQDS.L vs. SMEA.L

Last updated Jun 5, 2026

EQDS.L (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) and SMEA.L (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - EQDS.L tracks the MSCI Europe High Div Yld NR EUR while SMEA.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EQDS.L returned 6.53%/yr vs 10.14%/yr for SMEA.L. Their correlation of 0.89 suggests significant overlap in exposure. EQDS.L charges 0.28%/yr vs 0.12%/yr for SMEA.L.

Performance

EQDS.L vs. SMEA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (EQDS.L) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EQDS.L achieves a 2.43% return, which is significantly lower than SMEA.L's 6.71% return.

EQDS.L

1D
0.54%
1M
0.43%
YTD
2.43%
6M
3.65%
1Y
6.98%
3Y*
7.40%
5Y*
6.53%
10Y*
—

SMEA.L

1D
0.75%
1M
3.62%
YTD
6.71%
6M
8.81%
1Y
19.31%
3Y*
13.80%
5Y*
10.14%
10Y*
10.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EQDS.L vs. SMEA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EQDS.L
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)		2.43%13.04%2.83%8.89%2.95%6.17%-8.39%13.33%-9.12%-0.84%
SMEA.L
iShares Core MSCI Europe UCITS ETF EUR (Acc)		6.71%25.88%3.68%13.36%-3.48%16.94%2.44%19.63%-9.48%1.73%

Correlation

The correlation between EQDS.L and SMEA.L is 0.83, 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

0.83

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

0.88

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

0.88

Correlation (All Time)
Calculated using the full available price history since Jun 15, 2017

0.89

The correlation between EQDS.L and SMEA.L has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

EQDS.L vs. SMEA.L - Sectors Allocation Comparison

Sectors
EQDS.L
SMEA.L

Financial Services

28.6%
23.3%

Industrials

17.4%
19.7%

Consumer Defensive

12.0%
8.4%

Utilities

10.7%
5.1%

Healthcare

8.1%
13.1%

Consumer Cyclical

5.5%
6.3%

Energy

4.8%
5.4%

Communication Services

4.3%
3.7%

Technology

3.7%
8.6%

Real Estate

3.3%
0.8%

Basic Materials

1.7%
5.6%

Financial Services

EQDS.L
28.6%
SMEA.L
23.3%

Industrials

EQDS.L
17.4%
SMEA.L
19.7%

Consumer Defensive

EQDS.L
12.0%
SMEA.L
8.4%

Utilities

EQDS.L
10.7%
SMEA.L
5.1%

Healthcare

EQDS.L
8.1%
SMEA.L
13.1%

Consumer Cyclical

EQDS.L
5.5%
SMEA.L
6.3%

Energy

EQDS.L
4.8%
SMEA.L
5.4%

Communication Services

EQDS.L
4.3%
SMEA.L
3.7%

Technology

EQDS.L
3.7%
SMEA.L
8.6%

Real Estate

EQDS.L
3.3%
SMEA.L
0.8%

Basic Materials

EQDS.L
1.7%
SMEA.L
5.6%

Compare stocks, funds, or ETFs

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iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)

iShares Core MSCI Europe UCITS ETF EUR (Acc)

Often compared with EQDS.L:
EQDS.L vs. VHYL.ASEQDS.L vs. FLXD.LEQDS.L vs. IQQA.DEEQDS.L vs. LDEG.LEQDS.L vs. CB5.LEQDS.L vs. SCHDEQDS.L vs. VYM
Often compared with SMEA.L:
SMEA.L vs. S600.LSMEA.L vs. MEUD.LSMEA.L vs. IEUSSMEA.L vs. CSPX.LSMEA.L vs. CS51.LSMEA.L vs. SWDA.LSMEA.L vs. EXI1.DE

Return for Risk

EQDS.L vs. SMEA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EQDS.L
EQDS.L Risk / Return Rank: 1919
Overall Rank
EQDS.L Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
EQDS.L Sortino Ratio Rank: 1919
Sortino Ratio Rank
EQDS.L Omega Ratio Rank: 1919
Omega Ratio Rank
EQDS.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
EQDS.L Martin Ratio Rank: 2020
Martin Ratio Rank
SMEA.L
SMEA.L Risk / Return Rank: 4444
Overall Rank
SMEA.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SMEA.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
SMEA.L Omega Ratio Rank: 4949
Omega Ratio Rank
SMEA.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
SMEA.L Martin Ratio Rank: 4141
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.

EQDS.L vs. SMEA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (EQDS.L) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.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.

EQDS.LSMEA.LDifference
Sharpe ratioReturn per unit of total volatility
0.64
1.60

-0.97

Sortino ratioReturn per unit of downside risk
0.95
2.29

-1.34

Omega ratioGain probability vs. loss probability

1.12

1.30

-0.18

Calmar ratioReturn relative to maximum drawdown

0.72

1.82

-1.10

Martin ratioReturn relative to average drawdown

2.20

6.51

-4.31

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

EQDS.L vs. SMEA.L - Sharpe Ratio Comparison

The current EQDS.L Sharpe Ratio is 0.64, which is lower than the SMEA.L Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of EQDS.L and SMEA.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

EQDS.LSMEA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.64

1.60

-0.97

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

0.74

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.70

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

0.60

-0.38

Drawdowns

EQDS.L vs. SMEA.L - Drawdown Comparison

The maximum EQDS.L drawdown since its inception was -32.52%, which is greater than SMEA.L's maximum drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for EQDS.L and SMEA.L.

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Drawdown Indicators

EQDS.LSMEA.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.52%

-28.48%

-4.04%

Max Drawdown (1Y)

Largest decline over 1 year

-9.60%

-10.56%

+0.96%

Max Drawdown (3Y)

Largest decline over 3 years

-10.33%

-12.46%

+2.13%

Max Drawdown (5Y)

Largest decline over 5 years

-12.74%

-15.76%

+3.02%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.48%

—

Current Drawdown

Current decline from peak

-4.20%

-1.27%

-2.93%

Average Drawdown

Average peak-to-trough decline

-5.28%

-4.54%

-0.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

2.96%

+0.21%

Volatility

EQDS.L vs. SMEA.L - Volatility Comparison

The current volatility for iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (EQDS.L) is 3.32%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) has a volatility of 3.91%. This indicates that EQDS.L experiences smaller price fluctuations and is considered to be less risky than SMEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQDS.LSMEA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

3.91%

-0.59%

Volatility (6M)

Calculated over the trailing 6-month period

8.67%

10.09%

-1.42%

Volatility (1Y)

Calculated over the trailing 1-year period

10.95%

12.02%

-1.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.56%

13.64%

-1.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.79%

15.04%

-0.25%

EQDS.L vs. SMEA.L - Expense Ratio Comparison

EQDS.L has a 0.28% expense ratio, which is higher than SMEA.L's 0.12% expense ratio.

Dividends

EQDS.L vs. SMEA.L - Dividend Comparison

EQDS.L's dividend yield for the trailing twelve months is around 0.03%, while SMEA.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
EQDS.L
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)		0.03%0.03%0.03%0.04%0.04%0.05%0.03%0.05%0.05%0.01%
SMEA.L
iShares Core MSCI Europe UCITS ETF EUR (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EQDS.L and SMEA.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SMEA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SMEA.L is cheaper with a 0.12% expense ratio, compared with 0.28% for EQDS.L.

EQDS.L tracks MSCI Europe High Div Yld NR EUR, while SMEA.L tracks MSCI Europe NR EUR. Their fees differ too: 0.28% for EQDS.L and 0.12% for SMEA.L.

Portfolio Optimizer

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