EUDV.L vs. EIRL

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) and iShares MSCI Ireland ETF (EIRL).

EUDV.L and EIRL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUDV.L is a passively managed fund by State Street that tracks the performance of the MSCI EMU NR EUR. It was launched on Feb 28, 2012. EIRL is a passively managed fund by iShares that tracks the performance of the MSCI Ireland Investable Market 25/50 Index. It was launched on May 5, 2010. Both EUDV.L and EIRL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EUDV.L vs. EIRL - 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 MSCI Ireland ETF (EIRL). The values are adjusted to include any dividend payments, if applicable.

EUDV.L vs. EIRL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	4.30%	25.91%	3.63%	15.58%	-5.76%	7.13%	-6.89%	15.79%	-7.00%	14.97%
EIRL iShares MSCI Ireland ETF	-4.11%	19.64%	0.08%	28.37%	-9.18%	14.80%	6.41%	23.28%	-17.30%	18.59%

Different Trading Currencies

EUDV.L is traded in GBP, while EIRL is traded in USD. To make them comparable, the EIRL 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 4.30% return, which is significantly higher than EIRL's -4.11% return. Both investments have delivered pretty close results over the past 10 years, with EUDV.L having a 7.98% annualized return and EIRL not far behind at 7.89%.

EUDV.L

• 1D: 1.51%
• 1M: -2.10%
• YTD: 4.30%
• 6M: 7.61%
• 1Y: 17.66%
• 3Y*: 13.44%
• 5Y*: 9.27%
• 10Y*: 7.98%

EIRL

• 1D: 0.48%
• 1M: -4.74%
• YTD: -4.11%
• 6M: 4.48%
• 1Y: 17.03%
• 3Y*: 7.78%
• 5Y*: 7.09%
• 10Y*: 7.89%

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

EUDV.L vs. EIRL - Expense Ratio Comparison

EUDV.L has a 0.30% expense ratio, which is lower than EIRL's 0.49% expense ratio.

EIRL

iShares MSCI Ireland ETF

EUDV.L

SPDR® S&P Euro Dividend Aristocrats UCITS ETF

Return for Risk

EUDV.L vs. EIRL — 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: 70
EUDV.L Sharpe Ratio Rank: 74
EUDV.L Sortino Ratio Rank: 69
EUDV.L Omega Ratio Rank: 71
EUDV.L Calmar Ratio Rank: 72
EUDV.L Martin Ratio Rank: 63

EIRL

EIRL Risk / Return Rank: 54
EIRL Sharpe Ratio Rank: 54
EIRL Sortino Ratio Rank: 56
EIRL Omega Ratio Rank: 53
EIRL Calmar Ratio Rank: 53
EIRL Martin Ratio Rank: 51

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. EIRL - 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 MSCI Ireland ETF (EIRL). 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.L	EIRL	Difference
Sharpe ratio Return per unit of total volatility	1.38	0.95	+0.43
Sortino ratio Return per unit of downside risk	1.79	1.43	+0.36
Omega ratio Gain probability vs. loss probability	1.27	1.19	+0.08
Calmar ratio Return relative to maximum drawdown	1.95	1.44	+0.51
Martin ratio Return relative to average drawdown	6.60	5.32	+1.29
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. EIRL - Sharpe Ratio Comparison

The current EUDV.L Sharpe Ratio is 1.38, which is higher than the EIRL Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of EUDV.L and EIRL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EUDV.L	EIRL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	0.95	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.40	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.41	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.49	+0.07

Correlation

The correlation between EUDV.L and EIRL is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EUDV.L vs. EIRL - Dividend Comparison

EUDV.L's dividend yield for the trailing twelve months is around 3.63%, more than EIRL's 2.87% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	3.63%	4.04%	3.68%	3.29%	3.56%	2.86%	3.14%	3.52%	3.71%	3.14%	2.94%	2.97%
EIRL iShares MSCI Ireland ETF	2.87%	2.71%	2.56%	1.00%	1.13%	0.82%	0.50%	2.11%	1.52%	1.44%	1.34%	1.70%

Drawdowns

EUDV.L vs. EIRL - Drawdown Comparison

The maximum EUDV.L drawdown since its inception was -31.64%, smaller than the maximum EIRL drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for EUDV.L and EIRL.

Drawdown Indicators

	EUDV.L	EIRL	Difference
Max Drawdown Largest peak-to-trough decline	-31.64%	-46.48%	+14.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-14.28%	+5.09%
Max Drawdown (5Y) Largest decline over 5 years	-22.14%	-40.14%	+18.00%
Max Drawdown (10Y) Largest decline over 10 years	-31.64%	-46.48%	+14.84%
Current Drawdown Current decline from peak	-4.23%	-10.07%	+5.84%
Average Drawdown Average peak-to-trough decline	-5.28%	-9.16%	+3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	3.93%	-1.22%

Volatility

EUDV.L vs. EIRL - Volatility Comparison

The current volatility for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) is 4.67%, while iShares MSCI Ireland ETF (EIRL) has a volatility of 6.82%. This indicates that EUDV.L experiences smaller price fluctuations and is considered to be less risky than EIRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUDV.L	EIRL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	6.82%	-2.15%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	12.39%	-3.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.78%	18.10%	-5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	17.98%	-4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	19.19%	-4.34%