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

EUDI.L vs. MVED.L

Last updated Jun 5, 2026

EUDI.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds - EUDI.L tracks the MSCI EMU NR EUR while MVED.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EUDI.L returned 8.08%/yr vs 6.05%/yr for MVED.L. Their correlation of 0.83 suggests significant overlap in exposure. EUDI.L charges 0.30%/yr vs 0.25%/yr for MVED.L.

Performance

EUDI.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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, EUDI.L achieves a 5.47% return, which is significantly higher than MVED.L's 4.65% return.

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%

MVED.L

1D
0.33%
1M
0.58%
YTD
4.65%
6M
5.79%
1Y
2.49%
3Y*
8.12%
5Y*
6.05%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
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%-4.60%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		4.65%8.77%8.89%10.72%-12.60%21.51%-3.86%22.67%-1.16%

Correlation

The correlation between EUDI.L and MVED.L is 0.81, 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

0.81

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

0.81

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

0.83

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2018

0.83

The correlation between EUDI.L and MVED.L has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

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

Sectors
EUDI.L
MVED.L

Financial Services

23.1%
17.8%

Industrials

22.4%
15.7%

Utilities

19.5%
10.1%

Basic Materials

8.8%
5.7%

Consumer Defensive

7.9%
13.2%

Communication Services

6.7%
9.5%

Healthcare

5.7%
13.1%

Energy

2.7%
6.9%

Real Estate

1.9%
1.6%

Consumer Cyclical

1.3%
3.7%

Technology

-

2.8%

Financial Services

EUDI.L
23.1%
MVED.L
17.8%

Industrials

EUDI.L
22.4%
MVED.L
15.7%

Utilities

EUDI.L
19.5%
MVED.L
10.1%

Basic Materials

EUDI.L
8.8%
MVED.L
5.7%

Consumer Defensive

EUDI.L
7.9%
MVED.L
13.2%

Communication Services

EUDI.L
6.7%
MVED.L
9.5%

Healthcare

EUDI.L
5.7%
MVED.L
13.1%

Energy

EUDI.L
2.7%
MVED.L
6.9%

Real Estate

EUDI.L
1.9%
MVED.L
1.6%

Consumer Cyclical

EUDI.L
1.3%
MVED.L
3.7%

Technology

EUDI.L

-

MVED.L
2.8%

Compare stocks, funds, or ETFs

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SPDR® S&P Euro Dividend Aristocrats UCITS ETF

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)

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 MVED.L:
MVED.L vs. MIVO.LMVED.L vs. CSPX.LMVED.L vs. PRUK.LMVED.L vs. WDEP.LMVED.L vs. OPEN.LMVED.L vs. EDIV.LMVED.L vs. FKU.L

Return for Risk

EUDI.L vs. MVED.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
MVED.L
MVED.L Risk / Return Rank: 1313
Overall Rank
MVED.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
MVED.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
MVED.L Omega Ratio Rank: 1313
Omega Ratio Rank
MVED.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
MVED.L Martin Ratio Rank: 1313
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. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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.LMVED.LDifference
Sharpe ratioReturn per unit of total volatility
0.72
0.28

+0.44

Sortino ratioReturn per unit of downside risk
1.04
0.44

+0.60

Omega ratioGain probability vs. loss probability

1.14

1.06

+0.08

Calmar ratioReturn relative to maximum drawdown

0.97

0.35

+0.62

Martin ratioReturn relative to average drawdown

3.09

0.78

+2.31

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

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

The current EUDI.L Sharpe Ratio is 0.72, which is higher than the MVED.L Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of EUDI.L and MVED.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.LMVED.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

0.28

+0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.55

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.52

+0.05

Drawdowns

EUDI.L vs. MVED.L - Drawdown Comparison

The maximum EUDI.L drawdown since its inception was -37.76%, which is greater than MVED.L's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for EUDI.L and MVED.L.

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Drawdown Indicators

EUDI.LMVED.LDifference

Max Drawdown

Largest peak-to-trough decline

-37.76%

-30.56%

-7.20%

Max Drawdown (1Y)

Largest decline over 1 year

-7.96%

-7.00%

-0.96%

Max Drawdown (3Y)

Largest decline over 3 years

-11.67%

-10.51%

-1.16%

Max Drawdown (5Y)

Largest decline over 5 years

-24.00%

-19.54%

-4.46%

Max Drawdown (10Y)

Largest decline over 10 years

-37.76%

—

—

Current Drawdown

Current decline from peak

-2.57%

-4.11%

+1.54%

Average Drawdown

Average peak-to-trough decline

-5.78%

-5.19%

-0.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

3.18%

-0.67%

Volatility

EUDI.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 2.93%. This indicates that EUDI.L's price experiences larger fluctuations and is considered to be riskier than MVED.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.LMVED.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

2.93%

+0.32%

Volatility (6M)

Calculated over the trailing 6-month period

8.84%

7.14%

+1.70%

Volatility (1Y)

Calculated over the trailing 1-year period

10.77%

8.78%

+1.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.40%

10.99%

+2.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.88%

12.63%

+2.25%

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

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

Dividends

EUDI.L vs. MVED.L - Dividend Comparison

EUDI.L's dividend yield for the trailing twelve months is around 3.60%, while MVED.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%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		0.00%0.00%0.00%2.67%2.95%2.16%2.54%2.81%2.50%0.00%0.00%0.00%

Frequently Asked Questions

EUDI.L and MVED.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

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

Portfolio Optimizer

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