PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EUDV.L vs. EWP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUDV.L vs. EWP

Last updated Jun 9, 2026

EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and EWP (iShares MSCI Spain ETF) are both Europe Equities funds - EUDV.L tracks the MSCI EMU NR EUR while EWP tracks the MSCI Spain Index. Both are passively managed. Over the past 10 years, EUDV.L returned 8.09%/yr vs 12.24%/yr for EWP. A 0.60 correlation means they provide meaningful diversification when combined. EUDV.L charges 0.30%/yr vs 0.50%/yr for EWP.

Performance

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

Loading charts...

Different Trading Currencies

EUDV.L is traded in GBP, while EWP is traded in USD. To make them comparable, the EWP 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 EWP's 6.12% return. Over the past 10 years, EUDV.L has underperformed EWP with an annualized return of 8.09%, while EWP has yielded a comparatively higher 12.24% 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%

EWP

1D
-0.26%
1M
1.15%
YTD
6.12%
6M
9.64%
1Y
34.95%
3Y*
28.29%
5Y*
18.07%
10Y*
12.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUDV.L vs. EWP - 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%
EWP
iShares MSCI Spain ETF		6.12%65.34%7.55%23.75%6.10%1.20%-6.76%7.67%-10.30%16.00%

Correlation

The correlation between EUDV.L and EWP is 0.52, 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

0.52

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

0.58

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

0.57

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

0.59

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2012

0.60

The correlation between EUDV.L and EWP has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

EUDV.L vs. EWP - Sectors Allocation Comparison

Sectors
EUDV.L
EWP

Financial Services

23.1%
41.4%

Industrials

22.4%
16.1%

Utilities

19.5%
21.2%

Basic Materials

8.8%

-

Consumer Defensive

7.9%

-

Communication Services

6.7%
2.9%

Healthcare

5.7%
1.3%

Energy

2.7%
5.3%

Real Estate

1.9%
2.9%

Consumer Cyclical

1.3%
4.0%

Technology

-

4.9%

Financial Services

EUDV.L
23.1%
EWP
41.4%

Industrials

EUDV.L
22.4%
EWP
16.1%

Utilities

EUDV.L
19.5%
EWP
21.2%

Basic Materials

EUDV.L
8.8%
EWP

-

Consumer Defensive

EUDV.L
7.9%
EWP

-

Communication Services

EUDV.L
6.7%
EWP
2.9%

Healthcare

EUDV.L
5.7%
EWP
1.3%

Energy

EUDV.L
2.7%
EWP
5.3%

Real Estate

EUDV.L
1.9%
EWP
2.9%

Consumer Cyclical

EUDV.L
1.3%
EWP
4.0%

Technology

EUDV.L

-

EWP
4.9%

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 MSCI Spain 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 EWP:
EWP vs. EWGEWP vs. EWIEWP vs. EPOLEWP vs. EIRLEWP vs. VOOEWP vs. FEZEWP vs. EWQ

Return for Risk

EUDV.L vs. EWP — 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
EWP
EWP Risk / Return Rank: 5959
Overall Rank
EWP Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
EWP Sortino Ratio Rank: 5656
Sortino Ratio Rank
EWP Omega Ratio Rank: 5555
Omega Ratio Rank
EWP Calmar Ratio Rank: 6565
Calmar Ratio Rank
EWP Martin Ratio Rank: 6363
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. EWP - 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 Spain ETF (EWP). 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.LEWPDifference
Sharpe ratioReturn per unit of total volatility
0.98
2.13

-1.14

Sortino ratioReturn per unit of downside risk
1.38
2.83

-1.45

Omega ratioGain probability vs. loss probability

1.18

1.37

-0.19

Calmar ratioReturn relative to maximum drawdown

1.15

3.43

-2.28

Martin ratioReturn relative to average drawdown

3.67

12.55

-8.88

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. EWP - Sharpe Ratio Comparison

The current EUDV.L Sharpe Ratio is 0.98, which is lower than the EWP Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of EUDV.L and EWP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

EUDV.LEWPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.98

2.13

-1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

1.06

-0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.61

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.24

+0.21

Drawdowns

EUDV.L vs. EWP - Drawdown Comparison

The maximum EUDV.L drawdown since its inception was -31.67%, smaller than the maximum EWP drawdown of -51.00%. Use the drawdown chart below to compare losses from any high point for EUDV.L and EWP.

Loading charts...

Drawdown Indicators

EUDV.LEWPDifference

Max Drawdown

Largest peak-to-trough decline

-31.67%

-51.00%

+19.33%

Max Drawdown (1Y)

Largest decline over 1 year

-9.17%

-10.24%

+1.07%

Max Drawdown (3Y)

Largest decline over 3 years

-9.80%

-10.75%

+0.95%

Max Drawdown (5Y)

Largest decline over 5 years

-22.16%

-18.95%

-3.21%

Max Drawdown (10Y)

Largest decline over 10 years

-31.67%

-39.42%

+7.75%

Current Drawdown

Current decline from peak

-3.72%

-1.71%

-2.01%

Average Drawdown

Average peak-to-trough decline

-5.98%

-13.12%

+7.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

2.79%

+0.09%

Volatility

EUDV.L vs. EWP - Volatility Comparison

The current volatility for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) is 2.06%, while iShares MSCI Spain ETF (EWP) has a volatility of 4.18%. This indicates that EUDV.L experiences smaller price fluctuations and is considered to be less risky than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EUDV.LEWPDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.06%

4.18%

-2.12%

Volatility (6M)

Calculated over the trailing 6-month period

8.88%

13.81%

-4.93%

Volatility (1Y)

Calculated over the trailing 1-year period

10.75%

16.55%

-5.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.49%

17.19%

-3.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.86%

20.12%

-5.26%

EUDV.L vs. EWP - Expense Ratio Comparison

EUDV.L has a 0.30% expense ratio, which is lower than EWP's 0.50% expense ratio.

Dividends

EUDV.L vs. EWP - Dividend Comparison

EUDV.L's dividend yield for the trailing twelve months is around 3.61%, more than EWP's 2.16% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
EWP
iShares MSCI Spain ETF		2.16%2.27%4.35%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%

Frequently Asked Questions

EUDV.L and EWP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EUDV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EUDV.L is cheaper with a 0.30% expense ratio, compared with 0.50% for EWP.

EUDV.L tracks MSCI EMU NR EUR, while EWP tracks MSCI Spain Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for EUDV.L and 0.50% for EWP.

Portfolio Optimizer

Find the right allocation for EUDV.L and EWP

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer