EUDV.L vs. SPHD

Last updated Jun 5, 2026

EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - EUDV.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, EUDV.L returned 7.85%/yr vs 7.97%/yr for SPHD. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.

Performance

EUDV.L vs. SPHD - 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 Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EUDV.L is traded in GBP, while SPHD is traded in USD. To make them comparable, the SPHD 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 4.50% return, which is significantly lower than SPHD's 6.06% return. Both investments have delivered pretty close results over the past 10 years, with EUDV.L having a 7.85% annualized return and SPHD not far ahead at 7.97%.

EUDV.L

• 1D: 0.21%
• 1M: -0.08%
• YTD: 4.50%
• 6M: 6.32%
• 1Y: 10.80%
• 3Y*: 13.32%
• 5Y*: 8.23%
• 10Y*: 7.85%

SPHD

• 1D: 1.20%
• 1M: 0.92%
• YTD: 6.06%
• 6M: 5.53%
• 1Y: 11.34%
• 3Y*: 9.17%
• 5Y*: 6.88%
• 10Y*: 7.97%

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

EUDV.L vs. SPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	4.50%	25.91%	3.63%	15.58%	-5.76%	7.13%	-6.89%	15.79%	-7.00%	14.97%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	6.06%	-3.96%	20.14%	-3.75%	12.54%	26.17%	-12.62%	15.68%	-0.61%	2.23%

Correlation

The correlation between EUDV.L and SPHD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Oct 29, 2012	0.39

The correlation between EUDV.L and SPHD shifts across timeframes, from 0.28 (3 years) to 0.39 (all time), reflecting how their relationship changes across market environments.

EUDV.L vs. SPHD - Sectors Allocation Comparison

Sectors	EUDV.L	SPHD
Financial Services	23.1%	15.6%
Industrials	22.4%	0.0%
Utilities	19.5%	13.7%
Basic Materials	8.8%	-
Consumer Defensive	7.9%	17.8%
Communication Services	6.7%	8.6%
Healthcare	5.7%	5.1%
Energy	2.7%	14.1%
Real Estate	1.9%	20.1%
Consumer Cyclical	1.3%	3.4%
Technology	-	1.5%

Return for Risk

EUDV.L vs. SPHD — 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: 27
EUDV.L Sharpe Ratio Rank: 29
EUDV.L Sortino Ratio Rank: 27
EUDV.L Omega Ratio Rank: 28
EUDV.L Calmar Ratio Rank: 25
EUDV.L Martin Ratio Rank: 27

SPHD

SPHD Risk / Return Rank: 27
SPHD Sharpe Ratio Rank: 27
SPHD Sortino Ratio Rank: 27
SPHD Omega Ratio Rank: 24
SPHD Calmar Ratio Rank: 29
SPHD Martin Ratio Rank: 26

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. SPHD - 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 Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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	SPHD	Difference
Sharpe ratio: Return per unit of total volatility	1.00	1.02	-0.02
Sortino ratio: Return per unit of downside risk	1.40	1.60	-0.20
Omega ratio: Gain probability vs. loss probability	1.19	1.17	+0.02
Calmar ratio: Return relative to maximum drawdown	1.17	1.65	-0.48
Martin ratio: Return relative to average drawdown	3.75	4.07	-0.32
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. SPHD - Sharpe Ratio Comparison

The current EUDV.L Sharpe Ratio is 1.00, which is comparable to the SPHD Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of EUDV.L and SPHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUDV.L	SPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.02	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.50	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.45	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.66	-0.10

Drawdowns

EUDV.L vs. SPHD - Drawdown Comparison

The maximum EUDV.L drawdown since its inception was -31.64%, smaller than the maximum SPHD drawdown of -34.51%. Use the drawdown chart below to compare losses from any high point for EUDV.L and SPHD.

Drawdown Indicators

	EUDV.L	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-31.64%	-34.51%	+2.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-6.91%	-2.28%
Max Drawdown (3Y) Largest decline over 3 years	-9.82%	-14.43%	+4.61%
Max Drawdown (5Y) Largest decline over 5 years	-22.14%	-17.64%	-4.50%
Max Drawdown (10Y) Largest decline over 10 years	-31.64%	-34.51%	+2.87%
Current Drawdown Current decline from peak	-4.04%	-4.34%	+0.30%
Average Drawdown Average peak-to-trough decline	-5.25%	-5.72%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	2.79%	+0.08%

Volatility

EUDV.L vs. SPHD - Volatility Comparison

The current volatility for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) is 2.61%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 3.11%. This indicates that EUDV.L experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUDV.L	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	3.11%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	8.31%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	10.75%	11.21%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.50%	13.71%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.86%	17.84%	-2.98%

EUDV.L vs. SPHD - Expense Ratio Comparison

Both EUDV.L and SPHD have an expense ratio of 0.30%.

Dividends

EUDV.L vs. SPHD - Dividend Comparison

EUDV.L's dividend yield for the trailing twelve months is around 3.62%, less than SPHD's 4.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	3.62%	4.04%	3.68%	3.29%	3.56%	2.86%	3.14%	3.52%	3.71%	3.14%	2.94%	2.97%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.57%	4.02%	3.41%	4.48%	3.89%	3.45%	4.89%	4.07%	4.40%	3.14%	3.83%	3.49%

Frequently Asked Questions

Can I hold both EUDV.L and SPHD in my portfolio?

EUDV.L and SPHD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUDV.L or SPHD?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUDV.L or SPHD?

EUDV.L and SPHD have the same expense ratio: 0.30% per year.

What is the main difference between EUDV.L and SPHD?

EUDV.L is categorized as Europe Equities, while SPHD is Dividend. EUDV.L tracks MSCI EMU NR EUR, while SPHD tracks S&P 500 Low Volatility High Dividend Index. They also come from different issuers: State Street and Invesco.