EUE.L vs. EUDV.L

Last updated Jun 5, 2026

EUE.L (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) and EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) are both Europe Equities funds tracking the MSCI EMU NR EUR, from iShares and State Street respectively. Both are passively managed. Over the past 10 years, EUE.L returned 11.61%/yr vs 7.85%/yr for EUDV.L. Their correlation of 0.87 suggests significant overlap in exposure. EUE.L charges 0.10%/yr vs 0.30%/yr for EUDV.L.

Performance

EUE.L vs. EUDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) and SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EUE.L achieves a 6.60% return, which is significantly higher than EUDV.L's 4.50% return. Over the past 10 years, EUE.L has outperformed EUDV.L with an annualized return of 11.61%, while EUDV.L has yielded a comparatively lower 7.85% annualized return.

EUE.L

• 1D: 0.97%
• 1M: 4.94%
• YTD: 6.60%
• 6M: 7.73%
• 1Y: 19.02%
• 3Y*: 15.72%
• 5Y*: 11.67%
• 10Y*: 11.61%

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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	6.60%	27.87%	6.16%	20.16%	-3.39%	15.38%	3.14%	21.68%	-10.63%	14.51%
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%

Correlation

The correlation between EUE.L and EUDV.L is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012	0.87

The correlation between EUE.L and EUDV.L shifts across timeframes, from 0.68 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

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

Sectors	EUE.L	EUDV.L
Financial Services	25.0%	23.1%
Industrials	21.7%	22.4%
Technology	17.6%	-
Consumer Cyclical	9.8%	1.3%
Consumer Defensive	5.5%	7.9%
Healthcare	5.2%	5.7%
Energy	4.8%	2.7%
Utilities	4.5%	19.5%
Basic Materials	3.5%	8.8%
Communication Services	2.4%	6.7%
Real Estate	-	1.9%

Return for Risk

EUE.L vs. EUDV.L — Risk / Return Rank

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

EUE.L

EUE.L Risk / Return Rank: 35
EUE.L Sharpe Ratio Rank: 35
EUE.L Sortino Ratio Rank: 37
EUE.L Omega Ratio Rank: 35
EUE.L Calmar Ratio Rank: 34
EUE.L Martin Ratio Rank: 36

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

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.

EUE.L vs. EUDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) and SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.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.

	EUE.L	EUDV.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.00	+0.24
Sortino ratio: Return per unit of downside risk	1.87	1.40	+0.47
Omega ratio: Gain probability vs. loss probability	1.23	1.19	+0.04
Calmar ratio: Return relative to maximum drawdown	1.64	1.17	+0.47
Martin ratio: Return relative to average drawdown	5.51	3.75	+1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current EUE.L Sharpe Ratio is 1.25, which is comparable to the EUDV.L Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of EUE.L and EUDV.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.

Sharpe Ratios by Period

	EUE.L	EUDV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.00	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.61	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.53	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.55	-0.29

Drawdowns

EUE.L vs. EUDV.L - Drawdown Comparison

The maximum EUE.L drawdown since its inception was -48.69%, which is greater than EUDV.L's maximum drawdown of -31.64%. Use the drawdown chart below to compare losses from any high point for EUE.L and EUDV.L.

Drawdown Indicators

	EUE.L	EUDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.69%	-31.64%	-17.05%
Max Drawdown (1Y) Largest decline over 1 year	-11.53%	-9.19%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-9.82%	-4.59%
Max Drawdown (5Y) Largest decline over 5 years	-21.94%	-22.14%	+0.20%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	-31.64%	-0.33%
Current Drawdown Current decline from peak	-0.49%	-4.04%	+3.55%
Average Drawdown Average peak-to-trough decline	-11.17%	-5.25%	-5.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	2.87%	+0.57%

Volatility

EUE.L vs. EUDV.L - Volatility Comparison

iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) has a higher volatility of 4.95% compared to SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) at 2.61%. This indicates that EUE.L's price experiences larger fluctuations and is considered to be riskier than EUDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUE.L	EUDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	2.61%	+2.34%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	8.97%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	15.21%	10.75%	+4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	13.50%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	14.86%	+3.05%

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

EUE.L has a 0.10% expense ratio, which is lower than EUDV.L's 0.30% expense ratio.

Dividends

EUE.L vs. EUDV.L - Dividend Comparison

EUE.L's dividend yield for the trailing twelve months is around 2.55%, less than EUDV.L's 3.62% 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%
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	2.55%	2.46%	3.09%	3.00%	2.79%	2.10%	2.13%	3.20%	3.64%	2.84%	3.32%	2.85%

Frequently Asked Questions

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

EUE.L and EUDV.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUE.L or EUDV.L?

On fees, EUE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUE.L or EUDV.L?

EUE.L is cheaper with a 0.10% expense ratio, compared with 0.30% for EUDV.L.

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

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for EUE.L and 0.30% for EUDV.L.