EUDI.L vs. UTIL.L

Last updated Jun 13, 2026

EUDI.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and UTIL.L (SPDR MSCI Europe Utilities UCITS ETF) are both exchange-traded funds - EUDI.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while UTIL.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD. Both are passively managed. Over the past 10 years, EUDI.L returned 7.64%/yr vs 11.43%/yr for UTIL.L. A 0.68 correlation means they provide meaningful diversification when combined. EUDI.L charges 0.30%/yr vs 0.18%/yr for UTIL.L.

Performance

EUDI.L vs. UTIL.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 SPDR MSCI Europe Utilities UCITS ETF (UTIL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUDI.L achieves a 7.54% return, which is significantly lower than UTIL.L's 15.57% return. Over the past 10 years, EUDI.L has underperformed UTIL.L with an annualized return of 7.64%, while UTIL.L has yielded a comparatively higher 11.43% annualized return.

EUDI.L

• 1D: 0.76%
• 1M: 2.45%
• YTD: 7.54%
• 6M: 9.86%
• 1Y: 10.16%
• 3Y*: 13.93%
• 5Y*: 8.28%
• 10Y*: 7.64%

UTIL.L

• 1D: 0.23%
• 1M: 0.64%
• YTD: 15.57%
• 6M: 18.50%
• 1Y: 28.14%
• 3Y*: 17.37%
• 5Y*: 12.16%
• 10Y*: 11.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDI.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	7.54%	19.78%	8.49%	17.84%	-10.67%	14.45%	-11.74%	21.42%	-7.84%	11.12%
UTIL.L SPDR MSCI Europe Utilities UCITS ETF	15.57%	33.98%	1.33%	13.09%	-6.77%	8.27%	11.82%	29.32%	3.36%	9.29%

Correlation

The correlation between EUDI.L and UTIL.L is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014	0.68

The correlation between EUDI.L and UTIL.L shifts across timeframes, from 0.56 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

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

Sectors	EUDI.L	UTIL.L
Financial Services	23.1%	-
Industrials	22.4%	4.6%
Utilities	19.5%	95.4%
Basic Materials	8.8%	-
Consumer Defensive	7.9%	-
Communication Services	6.7%	-
Healthcare	5.7%	-
Energy	2.7%	-
Real Estate	1.9%	-
Consumer Cyclical	1.3%	-
Technology	-	-

Return for Risk

EUDI.L vs. UTIL.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: 29
EUDI.L Sharpe Ratio Rank: 29
EUDI.L Sortino Ratio Rank: 27
EUDI.L Omega Ratio Rank: 29
EUDI.L Calmar Ratio Rank: 29
EUDI.L Martin Ratio Rank: 32

UTIL.L

UTIL.L Risk / Return Rank: 67
UTIL.L Sharpe Ratio Rank: 65
UTIL.L Sortino Ratio Rank: 59
UTIL.L Omega Ratio Rank: 64
UTIL.L Calmar Ratio Rank: 82
UTIL.L Martin Ratio Rank: 65

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. UTIL.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 SPDR MSCI Europe Utilities UCITS ETF (UTIL.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EUDI.L	UTIL.L	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.88	-0.95
Sortino ratio: Return per unit of downside risk	1.33	2.46	-1.13
Omega ratio: Gain probability vs. loss probability	1.18	1.34	-0.16
Calmar ratio: Return relative to maximum drawdown	1.27	3.84	-2.57
Martin ratio: Return relative to average drawdown	4.16	10.51	-6.36

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

The current EUDI.L Sharpe Ratio is 0.94, which is lower than the UTIL.L Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of EUDI.L and UTIL.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.

Drawdowns

EUDI.L vs. UTIL.L - Drawdown Comparison

The maximum EUDI.L drawdown since its inception was -37.79%, which is greater than UTIL.L's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for EUDI.L and UTIL.L.

Drawdown Indicators

	EUDI.L	UTIL.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.79%	-34.59%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.96%	-7.30%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-11.66%	-13.48%	+1.82%
Max Drawdown (5Y) Largest decline over 5 years	-24.02%	-22.12%	-1.90%
Max Drawdown (10Y) Largest decline over 10 years	-37.79%	-34.59%	-3.20%
Current Drawdown Current decline from peak	-0.66%	-2.96%	+2.30%
Average Drawdown Average peak-to-trough decline	-5.60%	-6.01%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.67%	-0.23%

Volatility

EUDI.L vs. UTIL.L - Volatility Comparison

The current volatility for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDI.L) is 2.50%, while SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) has a volatility of 5.50%. This indicates that EUDI.L experiences smaller price fluctuations and is considered to be less risky than UTIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUDI.L	UTIL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.50%	5.50%	-3.00%
Volatility (6M) Calculated over the trailing 6-month period	8.85%	12.98%	-4.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	14.87%	-4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	16.23%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	17.65%	-2.80%

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

EUDI.L has a 0.30% expense ratio, which is higher than UTIL.L's 0.18% expense ratio.

Dividends

EUDI.L vs. UTIL.L - Dividend Comparison

EUDI.L's dividend yield for the trailing twelve months is around 3.53%, while UTIL.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDI.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	3.53%	4.08%	3.66%	3.31%	3.61%	2.80%	3.07%	3.12%	3.71%	3.15%	2.97%	3.01%
UTIL.L SPDR MSCI Europe Utilities UCITS ETF	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

Can I hold both EUDI.L and UTIL.L in my portfolio?

EUDI.L and UTIL.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUDI.L or UTIL.L?

On fees, UTIL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUDI.L or UTIL.L?

UTIL.L is cheaper with a 0.18% expense ratio, compared with 0.30% for EUDI.L.

What is the main difference between EUDI.L and UTIL.L?

EUDI.L is categorized as Europe Equities, while UTIL.L is Utilities Equities. EUDI.L tracks MSCI EMU NR EUR, while UTIL.L tracks MSCI World/Utilities NR USD. Their fees differ too: 0.30% for EUDI.L and 0.18% for UTIL.L.