PortfoliosLab logoPortfoliosLab logo

Documentation

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

EUDV.L vs. MVEU.L

Last updated Jun 26, 2026

EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - EUDV.L tracks the MSCI EMU NR EUR while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, EUDV.L returned 8.42%/yr vs 8.04%/yr for MVEU.L. Their correlation of 0.81 suggests significant overlap in exposure. EUDV.L charges 0.30%/yr vs 0.25%/yr for MVEU.L.

Performance

EUDV.L vs. MVEU.L - 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 Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with EUDV.L having a 6.53% return and MVEU.L slightly lower at 6.38%. Both investments have delivered pretty close results over the past 10 years, with EUDV.L having a 8.42% annualized return and MVEU.L not far behind at 8.04%.

EUDV.L

1D
0.52%
1M
0.24%
YTD
6.53%
6M
7.02%
1Y
14.73%
3Y*
15.34%
5Y*
8.71%
10Y*
8.42%

MVEU.L

1D
0.26%
1M
0.18%
YTD
6.38%
6M
6.68%
1Y
11.85%
3Y*
11.79%
5Y*
7.21%
10Y*
8.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUDV.L vs. MVEU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUDV.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		6.53%25.94%3.61%15.55%-5.72%7.12%-6.90%15.46%-7.03%15.00%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		6.38%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-2.87%14.16%

Correlation

The correlation between EUDV.L and MVEU.L is 0.78, 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

0.78

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

0.80

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

0.79

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

0.80

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2012

0.81

The correlation between EUDV.L and MVEU.L has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

EUDV.L vs. MVEU.L - Sectors Allocation Comparison

Sectors
EUDV.L
MVEU.L

Industrials

23.2%
15.6%

Financial Services

23.2%
17.6%

Utilities

19.3%
10.1%

Basic Materials

8.9%
5.1%

Consumer Defensive

8.3%
14.1%

Communication Services

6.8%
9.0%

Healthcare

6.1%
12.3%

Energy

2.9%
6.9%

Real Estate

1.9%
1.5%

Consumer Cyclical

1.3%
3.6%

Technology

-

3.4%

Industrials

EUDV.L
23.2%
MVEU.L
15.6%

Financial Services

EUDV.L
23.2%
MVEU.L
17.6%

Utilities

EUDV.L
19.3%
MVEU.L
10.1%

Basic Materials

EUDV.L
8.9%
MVEU.L
5.1%

Consumer Defensive

EUDV.L
8.3%
MVEU.L
14.1%

Communication Services

EUDV.L
6.8%
MVEU.L
9.0%

Healthcare

EUDV.L
6.1%
MVEU.L
12.3%

Energy

EUDV.L
2.9%
MVEU.L
6.9%

Real Estate

EUDV.L
1.9%
MVEU.L
1.5%

Consumer Cyclical

EUDV.L
1.3%
MVEU.L
3.6%

Technology

EUDV.L

-

MVEU.L
3.4%

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 Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)

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 MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. IITU.L

Return for Risk

EUDV.L vs. MVEU.L — 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: 4040
Overall Rank
EUDV.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
EUDV.L Sortino Ratio Rank: 4141
Sortino Ratio Rank
EUDV.L Omega Ratio Rank: 4545
Omega Ratio Rank
EUDV.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
EUDV.L Martin Ratio Rank: 3636
Martin Ratio Rank
MVEU.L
MVEU.L Risk / Return Rank: 3535
Overall Rank
MVEU.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3636
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3434
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. MVEU.L - 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 Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.

EUDV.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.39
1.33

+0.06

Sortino ratioReturn per unit of downside risk
1.90
1.84

+0.06

Omega ratioGain probability vs. loss probability

1.26

1.24

+0.02

Calmar ratioReturn relative to maximum drawdown

1.60

1.42

+0.18

Martin ratioReturn relative to average drawdown

5.04

4.19

+0.85

EUDV.L vs. MVEU.L - Sharpe Ratio Comparison

The current EUDV.L Sharpe Ratio is 1.39, which is comparable to the MVEU.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of EUDV.L and MVEU.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.

Loading charts...

Drawdowns

EUDV.L vs. MVEU.L - Drawdown Comparison

The maximum EUDV.L drawdown since its inception was -31.67%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for EUDV.L and MVEU.L.

Loading charts...

Drawdown Indicators

EUDV.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.67%

-23.74%

-7.93%

Max Drawdown (1Y)

Largest decline over 1 year

-9.17%

-8.32%

-0.85%

Max Drawdown (3Y)

Largest decline over 3 years

-9.80%

-8.32%

-1.48%

Max Drawdown (5Y)

Largest decline over 5 years

-22.16%

-17.42%

-4.74%

Max Drawdown (10Y)

Largest decline over 10 years

-31.67%

-23.74%

-7.93%

Current Drawdown

Current decline from peak

-2.18%

-3.10%

+0.92%

Average Drawdown

Average peak-to-trough decline

-5.97%

-3.52%

-2.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

2.82%

+0.09%

Volatility

EUDV.L vs. MVEU.L - Volatility Comparison

SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) have volatilities of 1.85% and 1.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EUDV.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.85%

1.93%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

8.84%

7.32%

+1.52%

Volatility (1Y)

Calculated over the trailing 1-year period

10.61%

8.92%

+1.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.47%

11.28%

+2.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.83%

12.62%

+2.21%

EUDV.L vs. MVEU.L - Expense Ratio Comparison

EUDV.L has a 0.30% expense ratio, which is higher than MVEU.L's 0.25% expense ratio.

Dividends

EUDV.L vs. MVEU.L - Dividend Comparison

EUDV.L's dividend yield for the trailing twelve months is around 3.55%, while MVEU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EUDV.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		3.55%4.04%3.68%3.29%3.56%2.86%3.14%3.23%3.71%3.13%2.94%2.97%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		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

EUDV.L and MVEU.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MVEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MVEU.L is cheaper with a 0.25% expense ratio, compared with 0.30% for EUDV.L.

EUDV.L tracks MSCI EMU NR EUR, while MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for EUDV.L and 0.25% for MVEU.L.

Portfolio Optimizer

Find the right allocation for EUDV.L and MVEU.L

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