EUDV vs. RFEU

Last updated Jun 24, 2026

EUDV (ProShares MSCI Europe Dividend Growers ETF) and RFEU (First Trust RiverFront Dynamic Europe ETF) are both Europe Equities funds. EUDV is passively managed, while RFEU is actively managed. Over the past 10 years, EUDV returned 5.53%/yr vs 8.10%/yr for RFEU. A 0.73 correlation means they provide meaningful diversification when combined. EUDV charges 0.55%/yr vs 0.83%/yr for RFEU.

Performance

EUDV vs. RFEU - 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 RiverFront Dynamic Europe ETF (RFEU). 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 RFEU's 1.50% return. Over the past 10 years, EUDV has underperformed RFEU with an annualized return of 5.53%, while RFEU has yielded a comparatively higher 8.10% 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%

RFEU

• 1D: 0.00%
• 1M: 0.00%
• YTD: 1.50%
• 6M: 1.83%
• 1Y: 13.93%
• 3Y*: 12.26%
• 5Y*: 3.77%
• 10Y*: 8.10%

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

EUDV vs. RFEU - 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%
RFEU First Trust RiverFront Dynamic Europe ETF	1.50%	30.78%	-1.78%	16.19%	-24.17%	22.83%	6.25%	23.21%	-17.57%	26.58%

Correlation

The correlation between EUDV and RFEU is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016	0.73

Over the past year, the correlation between EUDV and RFEU has dropped to 0.53 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

EUDV vs. RFEU - Sectors Allocation Comparison

Sectors	EUDV	RFEU
Industrials	20.5%	15.4%
Healthcare	16.5%	13.3%
Financial Services	13.6%	18.9%
Technology	12.1%	12.5%
Basic Materials	11.2%	1.2%
Consumer Defensive	11.0%	9.3%
Utilities	8.9%	6.4%
Communication Services	4.1%	3.8%
Energy	2.2%	8.7%
Real Estate	2.0%	-
Consumer Cyclical	-	10.6%

Return for Risk

EUDV vs. RFEU — 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

RFEU

RFEU Risk / Return Rank: 67
RFEU Sharpe Ratio Rank: 59
RFEU Sortino Ratio Rank: 64
RFEU Omega Ratio Rank: 79
RFEU Calmar Ratio Rank: 65
RFEU Martin Ratio Rank: 67

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. RFEU - 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 RiverFront Dynamic Europe ETF (RFEU). 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	RFEU	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	1.84	-1.93
Sortino ratio: Return per unit of downside risk	-0.03	2.71	-2.74
Omega ratio: Gain probability vs. loss probability	1.00	1.43	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.12	2.98	-3.10
Martin ratio: Return relative to average drawdown	-0.31	11.26	-11.57

EUDV vs. RFEU - Sharpe Ratio Comparison

The current EUDV Sharpe Ratio is -0.09, which is lower than the RFEU Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of EUDV and RFEU, 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. RFEU - Drawdown Comparison

The maximum EUDV drawdown since its inception was -37.51%, smaller than the maximum RFEU drawdown of -39.74%. Use the drawdown chart below to compare losses from any high point for EUDV and RFEU.

Drawdown Indicators

	EUDV	RFEU	Difference
Max Drawdown Largest peak-to-trough decline	-37.51%	-39.74%	+2.23%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-5.15%	-5.48%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-13.48%	-0.21%
Max Drawdown (5Y) Largest decline over 5 years	-37.51%	-35.92%	-1.59%
Max Drawdown (10Y) Largest decline over 10 years	-37.51%	-39.74%	+2.23%
Current Drawdown Current decline from peak	-5.62%	-0.11%	-5.51%
Average Drawdown Average peak-to-trough decline	-8.58%	-9.57%	+0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	1.35%	+2.62%

Volatility

EUDV vs. RFEU - Volatility Comparison

ProShares MSCI Europe Dividend Growers ETF (EUDV) has a higher volatility of 3.91% compared to First Trust RiverFront Dynamic Europe ETF (RFEU) at 0.00%. This indicates that EUDV's price experiences larger fluctuations and is considered to be riskier than RFEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUDV	RFEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	0.00%	+3.91%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	3.51%	+7.98%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	8.39%	+5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	16.76%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	17.53%	-0.36%

EUDV vs. RFEU - Expense Ratio Comparison

EUDV has a 0.55% expense ratio, which is lower than RFEU's 0.83% expense ratio.

Dividends

EUDV vs. RFEU - Dividend Comparison

EUDV's dividend yield for the trailing twelve months is around 1.73%, less than RFEU's 2.83% 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%
RFEU First Trust RiverFront Dynamic Europe ETF	2.83%	2.87%	5.45%	3.37%	4.98%	1.82%	2.32%	3.08%	2.84%	1.35%	3.16%	0.00%

Frequently Asked Questions

Can I hold both EUDV and RFEU in my portfolio?

EUDV and RFEU have a correlation of 0.53, 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 RFEU?

EUDV has higher volatility (3.91%) compared to RFEU (0.00%). In terms of maximum drawdown, EUDV dropped -37.51% vs RFEU's -39.74%.

Which ETF is better, EUDV or RFEU?

On 10-year performance, RFEU leads with 8.10% vs 5.53% for EUDV. On fees, EUDV is cheaper at 0.55% per year. On volatility, RFEU has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUDV or RFEU?

Over the 10-year period, RFEU has performed better with a 8.10% 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 RFEU?

EUDV is cheaper with a 0.55% expense ratio, compared with 0.83% for RFEU.

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

RFEU has the higher dividend yield at 2.83%, compared with 1.73% for EUDV.

What is the main difference between EUDV and RFEU?

They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.55% for EUDV and 0.83% for RFEU.

Which has better risk-adjusted returns?

RFEU currently has the higher Sharpe Ratio (1.84 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.