EUEA.AS vs. UMDV.AS
EUEA.AS (iShares EURO STOXX 50 UCITS ETF) and UMDV.AS (iShares US Medical Devices UCITS ETF) are both exchange-traded funds - EUEA.AS is a Europe Equities fund tracking the MSCI EMU NR EUR, while UMDV.AS is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, EUEA.AS returned 11.52%/yr vs -0.66%/yr for UMDV.AS. At a 0.43 correlation, their price movements are largely independent. EUEA.AS charges 0.10%/yr vs 0.25%/yr for UMDV.AS.
Performance
EUEA.AS vs. UMDV.AS - Performance Comparison
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Different Trading Currencies
EUEA.AS is traded in EUR, while UMDV.AS is traded in USD. To make them comparable, the UMDV.AS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUEA.AS achieves a 7.45% return, which is significantly higher than UMDV.AS's -20.43% return.
EUEA.AS
- 1D
- 0.82%
- 1M
- 4.69%
- YTD
- 7.45%
- 6M
- 8.63%
- 1Y
- 15.80%
- 3Y*
- 15.60%
- 5Y*
- 11.52%
- 10Y*
- 10.53%
UMDV.AS
- 1D
- 3.49%
- 1M
- -0.10%
- YTD
- -20.43%
- 6M
- -21.88%
- 1Y
- -21.78%
- 3Y*
- -4.40%
- 5Y*
- -0.66%
- 10Y*
- —
EUEA.AS vs. UMDV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUEA.AS iShares EURO STOXX 50 UCITS ETF | 7.45% | 21.70% | 11.49% | 23.09% | -9.29% | 24.04% | 9.81% |
UMDV.AS iShares US Medical Devices UCITS ETF | -20.43% | -5.35% | 18.53% | 1.26% | -15.20% | 32.23% | 8.91% |
Correlation
The correlation between EUEA.AS and UMDV.AS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.43 |
The correlation between EUEA.AS and UMDV.AS shifts across timeframes, from 0.28 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUEA.AS vs. UMDV.AS — Risk / Return Rank
EUEA.AS
UMDV.AS
EUEA.AS vs. UMDV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EURO STOXX 50 UCITS ETF (EUEA.AS) and iShares US Medical Devices UCITS ETF (UMDV.AS). 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.
| EUEA.AS | UMDV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +3.26 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.81 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | -0.76 | +2.19 |
| Martin ratioReturn relative to average drawdown | 4.86 | -1.94 | +6.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUEA.AS | UMDV.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | -1.22 | +2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | -0.04 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.09 | +0.03 |
Drawdowns
EUEA.AS vs. UMDV.AS - Drawdown Comparison
The maximum EUEA.AS drawdown since its inception was -62.53%, which is greater than UMDV.AS's maximum drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for EUEA.AS and UMDV.AS.
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Drawdown Indicators
| EUEA.AS | UMDV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.53% | -35.98% | -26.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.91% | -28.30% | +17.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.32% | -35.98% | +19.66% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -35.98% | +12.63% |
Max Drawdown (10Y)Largest decline over 10 years | -38.22% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -32.18% | +31.69% |
Average DrawdownAverage peak-to-trough decline | -24.30% | -10.61% | -13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 11.09% | -7.87% |
Volatility
EUEA.AS vs. UMDV.AS - Volatility Comparison
The current volatility for iShares EURO STOXX 50 UCITS ETF (EUEA.AS) is 4.91%, while iShares US Medical Devices UCITS ETF (UMDV.AS) has a volatility of 7.63%. This indicates that EUEA.AS experiences smaller price fluctuations and is considered to be less risky than UMDV.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUEA.AS | UMDV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 7.63% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 13.75% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 17.73% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 18.38% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 18.37% | -0.26% |
EUEA.AS vs. UMDV.AS - Expense Ratio Comparison
EUEA.AS has a 0.10% expense ratio, which is lower than UMDV.AS's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUEA.AS vs. UMDV.AS - Dividend Comparison
EUEA.AS's dividend yield for the trailing twelve months is around 2.55%, while UMDV.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUEA.AS iShares EURO STOXX 50 UCITS ETF | 2.55% | 2.52% | 3.01% | 3.02% | 2.94% | 2.05% | 2.16% | 3.05% | 3.67% | 2.85% | 3.38% | 2.96% |
UMDV.AS iShares US Medical Devices UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUEA.AS and UMDV.AS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUEA.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUEA.AS is cheaper with a 0.10% expense ratio, compared with 0.25% for UMDV.AS.
EUEA.AS is categorized as Europe Equities, while UMDV.AS is Health & Biotech Equities. EUEA.AS tracks MSCI EMU NR EUR, while UMDV.AS tracks MSCI World/Health Care NR USD. Their fees differ too: 0.10% for EUEA.AS and 0.25% for UMDV.AS.
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