EUDV vs. FDD

Last updated Aug 4, 2026

EUDV (ProShares MSCI Europe Dividend Growers ETF) and FDD (First Trust STOXX European Select Dividend Index Fund) are both Europe Equities funds - EUDV tracks the MSCI Europe Dividend Masters Index while FDD tracks the STOXX Europe Select Dividend 30. Both are passively managed. Over the past 10 years, EUDV returned 5.57%/yr vs 11.00%/yr for FDD. Their 0.71 correlation means they have sometimes moved together and sometimes differently. EUDV charges 0.55%/yr vs 0.58%/yr for FDD.

Performance

EUDV vs. FDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Europe Dividend Growers ETF (EUDV) and First Trust STOXX European Select Dividend Index Fund (FDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUDV achieves a 5.42% return, which is significantly lower than FDD's 19.28% return. Over the past 10 years, EUDV has underperformed FDD with an annualized return of 5.57%, while FDD has yielded a comparatively higher 11.00% annualized return.

EUDV

• 1D: 0.57%
• 1M: 1.23%
• 6M: 2.77%
• YTD: 5.42%
• 1Y: 9.31%
• 3Y*: 8.67%
• 5Y*: 1.54%
• 10Y*: 5.57%
• ALL TIME*: 5.01%

FDD

• 1D: 0.30%
• 1M: 7.57%
• 6M: 12.89%
• YTD: 19.28%
• 1Y: 39.85%
• 3Y*: 27.89%
• 5Y*: 13.10%
• 10Y*: 11.00%
• ALL TIME*: 2.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EUDV ProShares MSCI Europe Dividend Growers ETF	$11.63K	$8.35K	$24.96K
FDD First Trust STOXX European Select Dividend Index Fund	$2.28M	$2.30M	$2.57M

EUDV vs. FDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDV ProShares MSCI Europe Dividend Growers ETF	5.42%	14.05%	0.03%	20.41%	-24.87%	19.56%	5.81%	25.89%	-11.12%	21.57%
FDD First Trust STOXX European Select Dividend Index Fund	19.28%	62.50%	0.28%	14.16%	-16.14%	16.03%	-3.80%	23.79%	-8.98%	19.07%

Correlation

The correlation between EUDV and FDD is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015	0.71

The correlation between EUDV and FDD has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

EUDV vs. FDD - Sectors Allocation Comparison

Sectors	EUDV	FDD
Industrials	19.5%	11.4%
Healthcare	18.1%	-
Basic Materials	12.4%	2.8%
Financial Services	12.3%	58.2%
Consumer Defensive	11.4%	4.2%
Technology	10.6%	-
Utilities	9.1%	6.0%
Communication Services	3.7%	1.9%
Real Estate	2.8%	3.3%
Energy	2.2%	9.1%
Consumer Cyclical	-	9.2%

Return for Risk

EUDV vs. FDD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EUDV

EUDV Risk / Return Rank: 27
EUDV Sharpe Ratio Rank: 28
EUDV Sortino Ratio Rank: 27
EUDV Omega Ratio Rank: 25
EUDV Calmar Ratio Rank: 27
EUDV Martin Ratio Rank: 29

FDD

FDD Risk / Return Rank: 91
FDD Sharpe Ratio Rank: 93
FDD Sortino Ratio Rank: 92
FDD Omega Ratio Rank: 90
FDD Calmar Ratio Rank: 92
FDD Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EUDV vs. FDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Europe Dividend Growers ETF (EUDV) and First Trust STOXX European Select Dividend Index Fund (FDD). 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	FDD	Difference
Sharpe ratio: Return per unit of total volatility	0.67	2.54	-1.87
Sortino ratio: Return per unit of downside risk	1.02	3.45	-2.43
Omega ratio: Gain probability vs. loss probability	1.12	1.43	-0.31
Calmar ratio: Return relative to maximum drawdown	0.88	4.26	-3.38
Martin ratio: Return relative to average drawdown	2.62	14.11	-11.49

EUDV vs. FDD - Sharpe Ratio Comparison

The current EUDV Sharpe Ratio is 0.67, which is lower than the FDD Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of EUDV and FDD, 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. FDD - Drawdown Comparison

The maximum EUDV drawdown since its inception was -37.51%, smaller than the maximum FDD drawdown of -74.77%. Use the drawdown chart below to compare losses from any high point for EUDV and FDD.

Drawdown Indicators

	EUDV	FDD	Difference
Max Drawdown Largest peak-to-trough decline	-37.51%	-74.77%	+37.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-9.39%	-1.24%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-12.90%	-0.79%
Max Drawdown (5Y) Largest decline over 5 years	-37.51%	-34.84%	-2.67%
Max Drawdown (10Y) Largest decline over 10 years	-37.51%	-41.43%	+3.92%
Current Drawdown Current decline from peak	-0.71%	0.00%	-0.71%
Average Drawdown Average peak-to-trough decline	-8.53%	-35.17%	+26.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	2.83%	+0.73%

Volatility

EUDV vs. FDD - Volatility Comparison

ProShares MSCI Europe Dividend Growers ETF (EUDV) and First Trust STOXX European Select Dividend Index Fund (FDD) have volatilities of 3.53% and 3.60%, 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.

Volatility by Period

	EUDV	FDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.60%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	13.01%	-1.38%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	15.80%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	18.44%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	19.77%	-2.86%

EUDV vs. FDD - Expense Ratio Comparison

EUDV has a 0.55% expense ratio, which is lower than FDD's 0.58% expense ratio.

Dividends

EUDV vs. FDD - Dividend Comparison

EUDV's dividend yield for the trailing twelve months is around 2.04%, less than FDD's 4.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV ProShares MSCI Europe Dividend Growers ETF	2.04%	1.74%	1.92%	1.87%	1.77%	2.30%	1.27%	2.20%	2.22%	2.33%	2.53%	0.37%
FDD First Trust STOXX European Select Dividend Index Fund	4.99%	3.99%	7.65%	6.85%	6.07%	3.44%	4.01%	4.69%	5.05%	2.78%	4.88%	4.35%

Frequently Asked Questions

Can I hold both EUDV and FDD in my portfolio?

EUDV and FDD 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.

Which is riskier, EUDV or FDD?

FDD has higher volatility (3.60%) compared to EUDV (3.53%). In terms of maximum drawdown, EUDV dropped -37.51% vs FDD's -74.77%.

Which ETF is better, EUDV or FDD?

On 10-year performance, FDD leads with 11.00% vs 5.57% for EUDV. On fees, EUDV is cheaper at 0.55% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUDV or FDD?

Over the 10-year period, FDD has performed better with a 11.00% return vs 5.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUDV or FDD?

EUDV is cheaper with a 0.55% expense ratio, compared with 0.58% for FDD.

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

FDD has the higher dividend yield at 4.99%, compared with 2.04% for EUDV.

What is the main difference between EUDV and FDD?

EUDV tracks MSCI Europe Dividend Masters Index, while FDD tracks STOXX Europe Select Dividend 30. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.55% for EUDV and 0.58% for FDD.

Which has better risk-adjusted returns?

FDD currently has the higher Sharpe Ratio (2.54 vs 0.67), 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.