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

EUDI.L vs. IWFM.L

Last updated Jun 7, 2026

EUDI.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - EUDI.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while IWFM.L is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, EUDI.L returned 6.74%/yr vs 15.07%/yr for IWFM.L. A 0.55 correlation means they provide meaningful diversification when combined. EUDI.L charges 0.30%/yr vs 0.25%/yr for IWFM.L.

Performance

EUDI.L vs. IWFM.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 World Momentum Factor UCITS ETF (Acc) (IWFM.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 IWFM.L is traded in GBp. To make them comparable, the IWFM.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EUDI.L achieves a 6.07% return, which is significantly lower than IWFM.L's 20.80% return. Over the past 10 years, EUDI.L has underperformed IWFM.L with an annualized return of 6.74%, while IWFM.L has yielded a comparatively higher 15.07% annualized return.

EUDI.L

1D
0.59%
1M
0.80%
YTD
6.07%
6M
8.08%
1Y
7.91%
3Y*
13.29%
5Y*
8.20%
10Y*
6.74%

IWFM.L

1D
-1.98%
1M
4.85%
YTD
20.80%
6M
21.11%
1Y
28.74%
3Y*
25.19%
5Y*
14.23%
10Y*
15.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
EUDI.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		6.07%19.78%8.49%17.84%-10.67%14.45%-11.74%21.42%-7.84%11.12%
IWFM.L
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)		20.80%6.84%39.02%8.09%-12.94%23.09%17.41%31.09%0.37%15.66%

Correlation

The correlation between EUDI.L and IWFM.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.35

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

0.32

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

0.43

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

0.51

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.55

Over the past year, the correlation between EUDI.L and IWFM.L has dropped to 0.35 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

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

Sectors
EUDI.L
IWFM.L

Financial Services

23.1%
13.1%

Industrials

22.4%
18.7%

Utilities

19.5%
3.7%

Basic Materials

8.8%
6.0%

Consumer Defensive

7.9%
1.5%

Communication Services

6.7%
6.8%

Healthcare

5.7%
10.7%

Energy

2.7%
10.6%

Real Estate

1.9%
1.4%

Consumer Cyclical

1.3%
1.6%

Technology

-

26.0%

Financial Services

EUDI.L
23.1%
IWFM.L
13.1%

Industrials

EUDI.L
22.4%
IWFM.L
18.7%

Utilities

EUDI.L
19.5%
IWFM.L
3.7%

Basic Materials

EUDI.L
8.8%
IWFM.L
6.0%

Consumer Defensive

EUDI.L
7.9%
IWFM.L
1.5%

Communication Services

EUDI.L
6.7%
IWFM.L
6.8%

Healthcare

EUDI.L
5.7%
IWFM.L
10.7%

Energy

EUDI.L
2.7%
IWFM.L
10.6%

Real Estate

EUDI.L
1.9%
IWFM.L
1.4%

Consumer Cyclical

EUDI.L
1.3%
IWFM.L
1.6%

Technology

EUDI.L

-

IWFM.L
26.0%

Compare stocks, funds, or ETFs

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SPDR® S&P Euro Dividend Aristocrats UCITS ETF

iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)

Often compared with EUDI.L:
EUDI.L vs. IDVY.LEUDI.L vs. SCHDEUDI.L vs. WDIVEUDI.L vs. ACWIEUDI.L vs. VFEG.LEUDI.L vs. VGTEUDI.L vs. IUIT.L
Often compared with IWFM.L:
IWFM.L vs. SPMOIWFM.L vs. XDEM.DEIWFM.L vs. IMTMIWFM.L vs. IUMF.LIWFM.L vs. JPGL.LIWFM.L vs. SPYIWFM.L vs. ACWI

Return for Risk

EUDI.L vs. IWFM.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: 2424
Overall Rank
EUDI.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
EUDI.L Sortino Ratio Rank: 2222
Sortino Ratio Rank
EUDI.L Omega Ratio Rank: 2323
Omega Ratio Rank
EUDI.L Calmar Ratio Rank: 2424
Calmar Ratio Rank
EUDI.L Martin Ratio Rank: 2626
Martin Ratio Rank
IWFM.L
IWFM.L Risk / Return Rank: 7070
Overall Rank
IWFM.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IWFM.L Sortino Ratio Rank: 6969
Sortino Ratio Rank
IWFM.L Omega Ratio Rank: 6565
Omega Ratio Rank
IWFM.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
IWFM.L Martin Ratio Rank: 7878
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. IWFM.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 World Momentum Factor UCITS ETF (Acc) (IWFM.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.LIWFM.LDifference
Sharpe ratioReturn per unit of total volatility
0.77
1.70

-0.94

Sortino ratioReturn per unit of downside risk
1.10
2.59

-1.49

Omega ratioGain probability vs. loss probability

1.15

1.31

-0.16

Calmar ratioReturn relative to maximum drawdown

1.03

3.18

-2.14

Martin ratioReturn relative to average drawdown

3.27

12.34

-9.06

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. IWFM.L - Sharpe Ratio Comparison

The current EUDI.L Sharpe Ratio is 0.77, which is lower than the IWFM.L Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of EUDI.L and IWFM.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.LIWFM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.77

1.70

-0.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.61

0.64

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.76

-0.30

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.45

+0.09

Drawdowns

EUDI.L vs. IWFM.L - Drawdown Comparison

The maximum EUDI.L drawdown since its inception was -37.79%, smaller than the maximum IWFM.L drawdown of -42.85%. Use the drawdown chart below to compare losses from any high point for EUDI.L and IWFM.L.

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Drawdown Indicators

EUDI.LIWFM.LDifference

Max Drawdown

Largest peak-to-trough decline

-37.79%

-42.85%

+5.06%

Max Drawdown (1Y)

Largest decline over 1 year

-7.96%

-9.09%

+1.13%

Max Drawdown (3Y)

Largest decline over 3 years

-11.66%

-23.13%

+11.47%

Max Drawdown (5Y)

Largest decline over 5 years

-24.02%

-23.13%

-0.89%

Max Drawdown (10Y)

Largest decline over 10 years

-37.79%

-30.30%

-7.49%

Current Drawdown

Current decline from peak

-2.02%

-2.90%

+0.88%

Average Drawdown

Average peak-to-trough decline

-5.61%

-10.19%

+4.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.29%

+0.20%

Volatility

EUDI.L vs. IWFM.L - Volatility Comparison

The current volatility for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDI.L) is 2.98%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a volatility of 6.09%. This indicates that EUDI.L experiences smaller price fluctuations and is considered to be less risky than IWFM.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.LIWFM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.98%

6.09%

-3.11%

Volatility (6M)

Calculated over the trailing 6-month period

8.84%

14.32%

-5.48%

Volatility (1Y)

Calculated over the trailing 1-year period

10.75%

16.98%

-6.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.40%

22.16%

-8.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.87%

19.89%

-5.02%

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

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

Dividends

EUDI.L vs. IWFM.L - Dividend Comparison

EUDI.L's dividend yield for the trailing twelve months is around 3.58%, while IWFM.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EUDI.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		3.58%4.08%3.66%3.31%3.61%2.80%3.07%3.12%3.71%3.15%2.97%3.01%
IWFM.L
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)		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 IWFM.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

EUDI.L is categorized as Europe Equities, while IWFM.L is Momentum. EUDI.L tracks MSCI EMU NR EUR, while IWFM.L tracks MSCI World Momentum Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for EUDI.L and 0.25% for IWFM.L.

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