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EUDI.L vs. IMV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUDI.L vs. IMV.L

Last updated Jun 5, 2026

EUDI.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - EUDI.L tracks the MSCI EMU NR EUR while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, EUDI.L returned 6.77%/yr vs 6.66%/yr for IMV.L. A 0.80 correlation means they provide meaningful diversification when combined. EUDI.L charges 0.30%/yr vs 0.25%/yr for IMV.L.

Performance

EUDI.L vs. IMV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDI.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with EUDI.L having a 5.47% return and IMV.L slightly higher at 5.66%. Both investments have delivered pretty close results over the past 10 years, with EUDI.L having a 6.77% annualized return and IMV.L not far behind at 6.66%.

EUDI.L

1D
0.08%
1M
-0.33%
YTD
5.47%
6M
7.27%
1Y
7.78%
3Y*
13.19%
5Y*
8.08%
10Y*
6.77%

IMV.L

1D
0.42%
1M
1.02%
YTD
5.66%
6M
6.96%
1Y
5.47%
3Y*
10.33%
5Y*
7.40%
10Y*
6.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUDI.L vs. IMV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUDI.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		5.47%19.78%8.49%17.82%-10.65%14.45%-11.74%21.41%-7.83%11.08%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		5.66%11.52%11.78%10.86%-12.59%21.08%-4.01%23.77%-4.11%8.83%

Correlation

The correlation between EUDI.L and IMV.L is 0.77, 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

0.77

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

0.78

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

0.79

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

0.79

Correlation (All Time)
Calculated using the full available price history since Jan 4, 2013

0.80

The correlation between EUDI.L and IMV.L has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

EUDI.L vs. IMV.L - Sectors Allocation Comparison

Sectors
EUDI.L
IMV.L

Financial Services

23.1%
17.9%

Industrials

22.4%
15.4%

Utilities

19.5%
10.2%

Basic Materials

8.8%
5.6%

Consumer Defensive

7.9%
13.1%

Communication Services

6.7%
9.6%

Healthcare

5.7%
13.0%

Energy

2.7%
7.1%

Real Estate

1.9%
1.6%

Consumer Cyclical

1.3%
3.6%

Technology

-

2.8%

Financial Services

EUDI.L
23.1%
IMV.L
17.9%

Industrials

EUDI.L
22.4%
IMV.L
15.4%

Utilities

EUDI.L
19.5%
IMV.L
10.2%

Basic Materials

EUDI.L
8.8%
IMV.L
5.6%

Consumer Defensive

EUDI.L
7.9%
IMV.L
13.1%

Communication Services

EUDI.L
6.7%
IMV.L
9.6%

Healthcare

EUDI.L
5.7%
IMV.L
13.0%

Energy

EUDI.L
2.7%
IMV.L
7.1%

Real Estate

EUDI.L
1.9%
IMV.L
1.6%

Consumer Cyclical

EUDI.L
1.3%
IMV.L
3.6%

Technology

EUDI.L

-

IMV.L
2.8%

Compare stocks, funds, or ETFs

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

SPDR® S&P Euro Dividend Aristocrats UCITS ETF

iShares Edge MSCI Europe Min Volatility UCITS

Often compared with EUDI.L:
EUDI.L vs. IDVY.LEUDI.L vs. SCHDEUDI.L vs. WDIVEUDI.L vs. ACWIEUDI.L vs. VGTEUDI.L vs. VFEG.LEUDI.L vs. VJPB.L
Often compared with IMV.L:
IMV.L vs. MIVO.LIMV.L vs. SPYIMV.L vs. MINV.LIMV.L vs. XDEQ.LIMV.L vs. MVUS.LIMV.L vs. UB06.LIMV.L vs. CSWG.L

Return for Risk

EUDI.L vs. IMV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUDI.L
EUDI.L Risk / Return Rank: 2222
Overall Rank
EUDI.L Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
EUDI.L Sortino Ratio Rank: 2020
Sortino Ratio Rank
EUDI.L Omega Ratio Rank: 2121
Omega Ratio Rank
EUDI.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
EUDI.L Martin Ratio Rank: 2424
Martin Ratio Rank
IMV.L
IMV.L Risk / Return Rank: 2424
Overall Rank
IMV.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2626
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
IMV.L Martin Ratio Rank: 2323
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.

EUDI.L vs. IMV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDI.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.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.

EUDI.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
0.72
0.61

+0.11

Sortino ratioReturn per unit of downside risk
1.04
0.89

+0.16

Omega ratioGain probability vs. loss probability

1.14

1.12

+0.02

Calmar ratioReturn relative to maximum drawdown

0.97

0.75

+0.22

Martin ratioReturn relative to average drawdown

3.09

1.97

+1.12

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

EUDI.L vs. IMV.L - Sharpe Ratio Comparison

The current EUDI.L Sharpe Ratio is 0.72, which is comparable to the IMV.L Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of EUDI.L and IMV.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

EUDI.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

0.61

+0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.66

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.53

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.64

-0.07

Drawdowns

EUDI.L vs. IMV.L - Drawdown Comparison

The maximum EUDI.L drawdown since its inception was -37.76%, which is greater than IMV.L's maximum drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for EUDI.L and IMV.L.

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Drawdown Indicators

EUDI.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-37.76%

-30.64%

-7.12%

Max Drawdown (1Y)

Largest decline over 1 year

-7.96%

-7.25%

-0.71%

Max Drawdown (3Y)

Largest decline over 3 years

-11.67%

-10.31%

-1.36%

Max Drawdown (5Y)

Largest decline over 5 years

-24.00%

-19.86%

-4.14%

Max Drawdown (10Y)

Largest decline over 10 years

-37.76%

-30.64%

-7.12%

Current Drawdown

Current decline from peak

-2.57%

-3.32%

+0.75%

Average Drawdown

Average peak-to-trough decline

-5.78%

-4.68%

-1.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

2.76%

-0.25%

Volatility

EUDI.L vs. IMV.L - Volatility Comparison

SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDI.L) has a higher volatility of 3.25% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 3.03%. This indicates that EUDI.L's price experiences larger fluctuations and is considered to be riskier than IMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUDI.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

3.03%

+0.22%

Volatility (6M)

Calculated over the trailing 6-month period

8.84%

7.36%

+1.48%

Volatility (1Y)

Calculated over the trailing 1-year period

10.77%

8.99%

+1.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.40%

11.15%

+2.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.88%

12.62%

+2.26%

EUDI.L vs. IMV.L - Expense Ratio Comparison

EUDI.L has a 0.30% expense ratio, which is higher than IMV.L's 0.25% expense ratio.

Dividends

EUDI.L vs. IMV.L - Dividend Comparison

EUDI.L's dividend yield for the trailing twelve months is around 3.60%, while IMV.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EUDI.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		3.60%4.08%3.66%3.31%3.61%2.80%3.07%3.12%3.71%3.15%2.97%3.01%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EUDI.L and IMV.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IMV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IMV.L is cheaper with a 0.25% expense ratio, compared with 0.30% for EUDI.L.

EUDI.L tracks MSCI EMU NR EUR, while IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for EUDI.L and 0.25% for IMV.L.

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