EUDV vs. EWN

Last updated Jun 24, 2026

EUDV (ProShares MSCI Europe Dividend Growers ETF) and EWN (iShares MSCI Netherlands ETF) are both Europe Equities funds - EUDV tracks the MSCI Europe Dividend Masters Index while EWN tracks the MSCI Netherlands Investable Market Index. Both are passively managed. Over the past 10 years, EUDV returned 5.53%/yr vs 14.24%/yr for EWN. A 0.74 correlation means they provide meaningful diversification when combined. EUDV charges 0.55%/yr vs 0.50%/yr for EWN.

Performance

EUDV vs. EWN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Europe Dividend Growers ETF (EUDV) and iShares MSCI Netherlands ETF (EWN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUDV achieves a 0.21% return, which is significantly lower than EWN's 20.24% return. Over the past 10 years, EUDV has underperformed EWN with an annualized return of 5.53%, while EWN has yielded a comparatively higher 14.24% annualized return.

EUDV

• 1D: -0.40%
• 1M: -2.70%
• YTD: 0.21%
• 6M: 0.08%
• 1Y: -1.24%
• 3Y*: 7.37%
• 5Y*: 1.81%
• 10Y*: 5.53%

EWN

• 1D: -3.91%
• 1M: 2.60%
• YTD: 20.24%
• 6M: 20.65%
• 1Y: 34.25%
• 3Y*: 21.10%
• 5Y*: 9.47%
• 10Y*: 14.24%

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

EUDV vs. EWN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDV ProShares MSCI Europe Dividend Growers ETF	0.21%	14.05%	0.03%	20.41%	-24.87%	19.56%	5.81%	25.89%	-11.12%	21.57%
EWN iShares MSCI Netherlands ETF	20.24%	34.87%	1.67%	22.08%	-24.43%	22.74%	23.23%	32.45%	-15.37%	33.73%

Correlation

The correlation between EUDV and EWN is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015	0.74

The correlation between EUDV and EWN shifts across timeframes, from 0.69 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

EUDV vs. EWN - Sectors Allocation Comparison

Sectors	EUDV	EWN
Industrials	20.5%	11.4%
Healthcare	16.5%	2.5%
Financial Services	13.6%	17.9%
Technology	12.1%	34.6%
Basic Materials	11.2%	5.1%
Consumer Defensive	11.0%	10.1%
Utilities	8.9%	-
Communication Services	4.1%	9.6%
Energy	2.2%	2.0%
Real Estate	2.0%	0.7%
Consumer Cyclical	-	5.9%

Return for Risk

EUDV vs. EWN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUDV

EUDV Risk / Return Rank: 8
EUDV Sharpe Ratio Rank: 8
EUDV Sortino Ratio Rank: 7
EUDV Omega Ratio Rank: 7
EUDV Calmar Ratio Rank: 8
EUDV Martin Ratio Rank: 7

EWN

EWN Risk / Return Rank: 53
EWN Sharpe Ratio Rank: 50
EWN Sortino Ratio Rank: 50
EWN Omega Ratio Rank: 47
EWN Calmar Ratio Rank: 57
EWN Martin Ratio Rank: 59

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 vs. EWN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Europe Dividend Growers ETF (EUDV) and iShares MSCI Netherlands ETF (EWN). 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	EWN	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	1.64	-1.73
Sortino ratio: Return per unit of downside risk	-0.03	2.33	-2.36
Omega ratio: Gain probability vs. loss probability	1.00	1.29	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.12	2.60	-2.72
Martin ratio: Return relative to average drawdown	-0.31	9.83	-10.14

EUDV vs. EWN - Sharpe Ratio Comparison

The current EUDV Sharpe Ratio is -0.09, which is lower than the EWN Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of EUDV and EWN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EUDV vs. EWN - Drawdown Comparison

The maximum EUDV drawdown since its inception was -37.51%, smaller than the maximum EWN drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for EUDV and EWN.

Drawdown Indicators

	EUDV	EWN	Difference
Max Drawdown Largest peak-to-trough decline	-37.51%	-65.22%	+27.71%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-13.24%	+2.61%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-19.77%	+6.08%
Max Drawdown (5Y) Largest decline over 5 years	-37.51%	-43.57%	+6.06%
Max Drawdown (10Y) Largest decline over 10 years	-37.51%	-43.57%	+6.06%
Current Drawdown Current decline from peak	-5.62%	-4.14%	-1.48%
Average Drawdown Average peak-to-trough decline	-8.58%	-16.32%	+7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	3.49%	+0.48%

Volatility

EUDV vs. EWN - Volatility Comparison

The current volatility for ProShares MSCI Europe Dividend Growers ETF (EUDV) is 3.91%, while iShares MSCI Netherlands ETF (EWN) has a volatility of 8.69%. This indicates that EUDV experiences smaller price fluctuations and is considered to be less risky than EWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUDV	EWN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	8.69%	-4.78%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	18.07%	-6.58%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	21.06%	-6.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	23.14%	-6.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	21.23%	-4.06%

EUDV vs. EWN - Expense Ratio Comparison

EUDV has a 0.55% expense ratio, which is higher than EWN's 0.50% expense ratio.

Dividends

EUDV vs. EWN - Dividend Comparison

EUDV's dividend yield for the trailing twelve months is around 1.73%, less than EWN's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV ProShares MSCI Europe Dividend Growers ETF	1.73%	1.74%	1.92%	1.87%	1.77%	2.30%	1.27%	2.20%	2.22%	2.33%	2.53%	0.37%
EWN iShares MSCI Netherlands ETF	4.18%	5.03%	2.18%	1.79%	1.98%	1.01%	0.78%	2.57%	2.40%	1.68%	2.71%	1.92%

Frequently Asked Questions

Can I hold both EUDV and EWN in my portfolio?

EUDV and EWN have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUDV or EWN?

EWN has higher volatility (8.69%) compared to EUDV (3.91%). In terms of maximum drawdown, EUDV dropped -37.51% vs EWN's -65.22%.

Which ETF is better, EUDV or EWN?

On 10-year performance, EWN leads with 14.24% vs 5.53% for EUDV. On fees, EWN is cheaper at 0.50% per year. On volatility, EUDV has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUDV or EWN?

Over the 10-year period, EWN has performed better with a 14.24% return vs 5.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUDV or EWN?

EWN is cheaper with a 0.50% expense ratio, compared with 0.55% for EUDV.

Which ETF pays a higher dividend yield, EUDV or EWN?

EWN has the higher dividend yield at 4.18%, compared with 1.73% for EUDV.

What is the main difference between EUDV and EWN?

EUDV tracks MSCI Europe Dividend Masters Index, while EWN tracks MSCI Netherlands Investable Market Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.55% for EUDV and 0.50% for EWN.

Which has better risk-adjusted returns?

EWN currently has the higher Sharpe Ratio (1.64 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.