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EUDV.L vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUDV.L vs. DGRO

Last updated Jun 9, 2026

EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - EUDV.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, EUDV.L returned 8.09%/yr vs 14.01%/yr for DGRO. At a 0.42 correlation, their price movements are largely independent. EUDV.L charges 0.30%/yr vs 0.08%/yr for DGRO.

Performance

EUDV.L vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EUDV.L is traded in GBP, while DGRO is traded in USD. To make them comparable, the DGRO values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, EUDV.L achieves a 4.85% return, which is significantly lower than DGRO's 9.53% return. Over the past 10 years, EUDV.L has underperformed DGRO with an annualized return of 8.09%, while DGRO has yielded a comparatively higher 14.01% annualized return.

EUDV.L

1D
0.00%
1M
0.65%
YTD
4.85%
6M
7.18%
1Y
10.61%
3Y*
14.01%
5Y*
8.09%
10Y*
8.09%

DGRO

1D
-0.32%
1M
4.89%
YTD
9.53%
6M
9.09%
1Y
23.57%
3Y*
14.35%
5Y*
11.89%
10Y*
14.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUDV.L vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUDV.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		4.85%25.94%3.61%15.55%-5.72%7.12%-6.90%15.46%-7.03%15.00%
DGRO
iShares Core Dividend Growth ETF		9.53%7.45%18.66%4.95%3.04%27.84%6.28%24.93%3.41%12.36%

Correlation

The correlation between EUDV.L and DGRO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.25

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

0.29

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

0.39

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2014

0.42

The correlation between EUDV.L and DGRO shifts across timeframes, from 0.25 (3 years) to 0.42 (all time), reflecting how their relationship changes across market environments.

EUDV.L vs. DGRO - Sectors Allocation Comparison

Sectors
EUDV.L
DGRO

Financial Services

23.1%
21.2%

Industrials

22.4%
10.8%

Utilities

19.5%
6.9%

Basic Materials

8.8%
2.5%

Consumer Defensive

7.9%
11.5%

Communication Services

6.7%
0.1%

Healthcare

5.7%
16.4%

Energy

2.7%
5.6%

Real Estate

1.9%

-

Consumer Cyclical

1.3%
5.7%

Technology

-

19.4%

Financial Services

EUDV.L
23.1%
DGRO
21.2%

Industrials

EUDV.L
22.4%
DGRO
10.8%

Utilities

EUDV.L
19.5%
DGRO
6.9%

Basic Materials

EUDV.L
8.8%
DGRO
2.5%

Consumer Defensive

EUDV.L
7.9%
DGRO
11.5%

Communication Services

EUDV.L
6.7%
DGRO
0.1%

Healthcare

EUDV.L
5.7%
DGRO
16.4%

Energy

EUDV.L
2.7%
DGRO
5.6%

Real Estate

EUDV.L
1.9%
DGRO

-

Consumer Cyclical

EUDV.L
1.3%
DGRO
5.7%

Technology

EUDV.L

-

DGRO
19.4%

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 Core Dividend Growth ETF

Often compared with EUDV.L:
EUDV.L vs. IQQA.DEEUDV.L vs. EUE.LEUDV.L vs. EPDPXEUDV.L vs. VTIEUDV.L vs. IPDPEUDV.L vs. SPYL.DEEUDV.L vs. EIRL
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

EUDV.L vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUDV.L
EUDV.L Risk / Return Rank: 2828
Overall Rank
EUDV.L Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
EUDV.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
EUDV.L Omega Ratio Rank: 2929
Omega Ratio Rank
EUDV.L Calmar Ratio Rank: 2626
Calmar Ratio Rank
EUDV.L Martin Ratio Rank: 2828
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 7878
Overall Rank
DGRO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 8484
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7878
Omega Ratio Rank
DGRO Calmar Ratio Rank: 7474
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7676
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.

EUDV.L vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) and iShares Core Dividend Growth ETF (DGRO). 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.

EUDV.LDGRODifference
Sharpe ratioReturn per unit of total volatility
0.98
2.46

-1.48

Sortino ratioReturn per unit of downside risk
1.38
3.36

-1.97

Omega ratioGain probability vs. loss probability

1.18

1.44

-0.25

Calmar ratioReturn relative to maximum drawdown

1.15

4.13

-2.98

Martin ratioReturn relative to average drawdown

3.67

15.07

-11.40

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

EUDV.L vs. DGRO - Sharpe Ratio Comparison

The current EUDV.L Sharpe Ratio is 0.98, which is lower than the DGRO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of EUDV.L and DGRO, 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

EUDV.LDGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.98

2.46

-1.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.91

-0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.83

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.87

-0.42

Drawdowns

EUDV.L vs. DGRO - Drawdown Comparison

The maximum EUDV.L drawdown since its inception was -31.67%, which is greater than DGRO's maximum drawdown of -27.11%. Use the drawdown chart below to compare losses from any high point for EUDV.L and DGRO.

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Drawdown Indicators

EUDV.LDGRODifference

Max Drawdown

Largest peak-to-trough decline

-31.67%

-27.11%

-4.56%

Max Drawdown (1Y)

Largest decline over 1 year

-9.17%

-5.73%

-3.44%

Max Drawdown (3Y)

Largest decline over 3 years

-9.80%

-16.44%

+6.64%

Max Drawdown (5Y)

Largest decline over 5 years

-22.16%

-16.44%

-5.72%

Max Drawdown (10Y)

Largest decline over 10 years

-31.67%

-27.11%

-4.56%

Current Drawdown

Current decline from peak

-3.72%

-0.48%

-3.24%

Average Drawdown

Average peak-to-trough decline

-5.98%

-3.25%

-2.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

1.57%

+1.31%

Volatility

EUDV.L vs. DGRO - Volatility Comparison

The current volatility for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) is 2.06%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.59%. This indicates that EUDV.L experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUDV.LDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.06%

2.59%

-0.53%

Volatility (6M)

Calculated over the trailing 6-month period

8.88%

7.22%

+1.66%

Volatility (1Y)

Calculated over the trailing 1-year period

10.75%

9.63%

+1.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.49%

13.18%

+0.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.86%

16.98%

-2.12%

EUDV.L vs. DGRO - Expense Ratio Comparison

EUDV.L has a 0.30% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

EUDV.L vs. DGRO - Dividend Comparison

EUDV.L's dividend yield for the trailing twelve months is around 3.61%, more than DGRO's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.96%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
EUDV.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		3.61%4.04%3.68%3.29%3.56%2.86%3.14%3.23%3.71%3.13%2.94%2.97%

Frequently Asked Questions

EUDV.L and DGRO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DGRO is cheaper with a 0.08% expense ratio, compared with 0.30% for EUDV.L.

EUDV.L is categorized as Europe Equities, while DGRO is Large Cap Growth Equities. EUDV.L tracks MSCI EMU NR EUR, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for EUDV.L and 0.08% for DGRO.

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