EQDS.L vs. SPX4.L
EQDS.L (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) and SPX4.L (SPDR S&P 400 US Mid Cap UCITS ETF) are both exchange-traded funds - EQDS.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while SPX4.L is a Mid Cap Blend Equities fund tracking the Russell Mid Cap TR USD. Both are passively managed. Over the past 3 years, EQDS.L returned 7.40%/yr vs 13.07%/yr for SPX4.L. A 0.57 correlation means they provide meaningful diversification when combined. EQDS.L charges 0.28%/yr vs 0.30%/yr for SPX4.L.
Performance
EQDS.L vs. SPX4.L - Performance Comparison
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Different Trading Currencies
EQDS.L is traded in GBp, while SPX4.L is traded in GBP. To make them comparable, the SPX4.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EQDS.L achieves a 2.43% return, which is significantly lower than SPX4.L's 13.69% 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*
- —
SPX4.L
- 1D
- 0.40%
- 1M
- 4.30%
- YTD
- 13.69%
- 6M
- 13.60%
- 1Y
- 26.50%
- 3Y*
- 13.07%
- 5Y*
- —
- 10Y*
- —
EQDS.L vs. SPX4.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EQDS.L iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 2.43% | 13.04% | 2.83% | 8.89% | -1.31% |
SPX4.L SPDR S&P 400 US Mid Cap UCITS ETF | 13.69% | 0.12% | 14.37% | 10.71% | -1.28% |
Correlation
The correlation between EQDS.L and SPX4.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.57 |
The correlation between EQDS.L and SPX4.L has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
EQDS.L vs. SPX4.L — Risk / Return Rank
EQDS.L
SPX4.L
EQDS.L vs. SPX4.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 SPDR S&P 400 US Mid Cap UCITS ETF (SPX4.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.L | SPX4.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.34 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 3.98 | -3.26 |
| Martin ratioReturn relative to average drawdown | 2.20 | 12.97 | -10.78 |
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
| EQDS.L | SPX4.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.96 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.39 | -0.18 |
Drawdowns
EQDS.L vs. SPX4.L - Drawdown Comparison
The maximum EQDS.L drawdown since its inception was -32.52%, which is greater than SPX4.L's maximum drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for EQDS.L and SPX4.L.
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Drawdown Indicators
| EQDS.L | SPX4.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.52% | -26.24% | -6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.60% | -6.63% | -2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -10.33% | -26.24% | +15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -12.74% | — | — |
Current DrawdownCurrent decline from peak | -4.20% | 0.00% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -7.81% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.04% | +1.13% |
Volatility
EQDS.L vs. SPX4.L - Volatility Comparison
The current volatility for iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (EQDS.L) is 3.32%, while SPDR S&P 400 US Mid Cap UCITS ETF (SPX4.L) has a volatility of 3.61%. This indicates that EQDS.L experiences smaller price fluctuations and is considered to be less risky than SPX4.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.L | SPX4.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 3.61% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 9.44% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.95% | 13.50% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.56% | 22.46% | -9.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.79% | 22.46% | -7.67% |
EQDS.L vs. SPX4.L - Expense Ratio Comparison
EQDS.L has a 0.28% expense ratio, which is lower than SPX4.L's 0.30% expense ratio.
Dividends
EQDS.L vs. SPX4.L - Dividend Comparison
EQDS.L's dividend yield for the trailing twelve months is around 0.03%, while SPX4.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPX4.L SPDR S&P 400 US Mid Cap UCITS ETF | 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 SPX4.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQDS.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQDS.L is cheaper with a 0.28% expense ratio, compared with 0.30% for SPX4.L.
EQDS.L is categorized as Europe Equities, while SPX4.L is Mid Cap Blend Equities. EQDS.L tracks MSCI Europe High Div Yld NR EUR, while SPX4.L tracks Russell Mid Cap TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.28% for EQDS.L and 0.30% for SPX4.L.
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