EUDV.L vs. ETSZ.DE
EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both Europe Equities funds - EUDV.L tracks the MSCI EMU NR EUR while ETSZ.DE tracks the STOXX® Europe 600. Both are passively managed. Over the past 10 years, EUDV.L returned 8.09%/yr vs 10.22%/yr for ETSZ.DE. Their correlation of 0.81 suggests significant overlap in exposure. EUDV.L charges 0.30%/yr vs 0.20%/yr for ETSZ.DE.
Performance
EUDV.L vs. ETSZ.DE - Performance Comparison
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Different Trading Currencies
EUDV.L is traded in GBP, while ETSZ.DE is traded in EUR. To make them comparable, the ETSZ.DE 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 ETSZ.DE's 6.35% return. Over the past 10 years, EUDV.L has underperformed ETSZ.DE with an annualized return of 8.09%, while ETSZ.DE has yielded a comparatively higher 10.22% 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%
ETSZ.DE
- 1D
- 0.66%
- 1M
- 2.53%
- YTD
- 6.35%
- 6M
- 8.77%
- 1Y
- 18.75%
- 3Y*
- 13.87%
- 5Y*
- 9.76%
- 10Y*
- 10.22%
EUDV.L vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF | 4.85% | 25.94% | 3.61% | 15.55% | -5.72% | 7.12% | -6.90% | 15.46% | -7.03% | 15.00% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 6.35% | 26.70% | 3.50% | 13.30% | -5.40% | 16.08% | 4.07% | 22.16% | -9.92% | 15.35% |
Correlation
The correlation between EUDV.L and ETSZ.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.81 |
The correlation between EUDV.L and ETSZ.DE shifts across timeframes, from 0.70 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUDV.L vs. ETSZ.DE — Risk / Return Rank
EUDV.L
ETSZ.DE
EUDV.L vs. ETSZ.DE - 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 BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE). 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 | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.85 | -0.70 |
| Martin ratioReturn relative to average drawdown | 3.67 | 6.76 | -3.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUDV.L | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.54 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.68 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.67 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.57 | -0.12 |
Drawdowns
EUDV.L vs. ETSZ.DE - Drawdown Comparison
The maximum EUDV.L drawdown since its inception was -31.67%, which is greater than ETSZ.DE's maximum drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for EUDV.L and ETSZ.DE.
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Drawdown Indicators
| EUDV.L | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.67% | -27.68% | -3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.17% | -10.36% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -9.80% | -13.90% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -16.82% | -5.34% |
Max Drawdown (10Y)Largest decline over 10 years | -31.67% | -27.68% | -3.99% |
Current DrawdownCurrent decline from peak | -3.72% | -1.39% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -4.24% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.85% | +0.03% |
Volatility
EUDV.L vs. ETSZ.DE - Volatility Comparison
The current volatility for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) is 2.06%, while BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a volatility of 4.09%. This indicates that EUDV.L experiences smaller price fluctuations and is considered to be less risky than ETSZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUDV.L | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 4.09% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 10.55% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 12.47% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 14.26% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 15.16% | -0.30% |
EUDV.L vs. ETSZ.DE - Expense Ratio Comparison
EUDV.L has a 0.30% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio.
Dividends
EUDV.L vs. ETSZ.DE - Dividend Comparison
EUDV.L's dividend yield for the trailing twelve months is around 3.61%, while ETSZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 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% |
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 ETSZ.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for EUDV.L.
EUDV.L tracks MSCI EMU NR EUR, while ETSZ.DE tracks STOXX® Europe 600. They also come from different issuers: State Street and BNP Paribas. Their fees differ too: 0.30% for EUDV.L and 0.20% for ETSZ.DE.
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