EUHD.L vs. UD03.L

Last updated Jun 4, 2026

EUHD.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) and UD03.L (UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis) are both Europe Equities funds tracking the MSCI EMU NR EUR, from Invesco and UBS respectively. Both are passively managed. Over the past 5 years, EUHD.L returned 12.83%/yr vs 10.66%/yr for UD03.L. At a 0.24 correlation, their price movements are largely independent. EUHD.L charges 0.30%/yr vs 0.28%/yr for UD03.L.

Performance

EUHD.L vs. UD03.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L) and UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUHD.L achieves a 9.03% return, which is significantly lower than UD03.L's 11.99% return.

EUHD.L

• 1D: -0.96%
• 1M: 0.20%
• YTD: 9.03%
• 6M: 11.47%
• 1Y: 23.95%
• 3Y*: 20.19%
• 5Y*: 12.83%
• 10Y*: 9.34%

UD03.L

• 1D: -0.34%
• 1M: 3.74%
• YTD: 11.99%
• 6M: 14.95%
• 1Y: 23.84%
• 3Y*: 14.71%
• 5Y*: 10.66%
• 10Y*: —

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

EUHD.L vs. UD03.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EUHD.L PowerShares EURO STOXX High Dividend Low Volatility UCITS	9.03%	42.88%	5.23%	11.37%	-3.26%	13.30%	-13.39%	1.12%
UD03.L UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis	11.99%	25.20%	0.78%	19.24%	-4.62%	10.81%	5.72%	0.00%

Correlation

The correlation between EUHD.L and UD03.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Dec 17, 2019	0.24

Over the past year, EUHD.L and UD03.L have become more correlated (0.45) than their long-term average of 0.24, meaning their price movements have been converging.

EUHD.L vs. UD03.L - Sectors Allocation Comparison

Sectors	EUHD.L	UD03.L
Financial Services	35.2%	28.5%
Utilities	12.1%	7.7%
Real Estate	11.6%	-
Consumer Cyclical	10.4%	7.0%
Basic Materials	10.0%	4.2%
Energy	6.8%	2.7%
Communication Services	6.3%	3.1%
Industrials	3.8%	12.1%
Consumer Defensive	3.7%	14.6%
Healthcare	0.0%	4.1%
Technology	-	16.2%

Return for Risk

EUHD.L vs. UD03.L — Risk / Return Rank

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

EUHD.L

EUHD.L Risk / Return Rank: 63
EUHD.L Sharpe Ratio Rank: 62
EUHD.L Sortino Ratio Rank: 59
EUHD.L Omega Ratio Rank: 62
EUHD.L Calmar Ratio Rank: 66
EUHD.L Martin Ratio Rank: 64

UD03.L

UD03.L Risk / Return Rank: 90
UD03.L Sharpe Ratio Rank: 93
UD03.L Sortino Ratio Rank: 92
UD03.L Omega Ratio Rank: 91
UD03.L Calmar Ratio Rank: 90
UD03.L Martin Ratio Rank: 81

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.

EUHD.L vs. UD03.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L) and UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.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.

	EUHD.L	UD03.L	Difference
Sharpe ratio: Return per unit of total volatility	2.13	3.44	-1.31
Sortino ratio: Return per unit of downside risk	2.83	4.42	-1.59
Omega ratio: Gain probability vs. loss probability	1.38	1.61	-0.22
Calmar ratio: Return relative to maximum drawdown	3.32	5.67	-2.34
Martin ratio: Return relative to average drawdown	11.62	16.11	-4.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUHD.L vs. UD03.L - Sharpe Ratio Comparison

The current EUHD.L Sharpe Ratio is 2.13, which is lower than the UD03.L Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of EUHD.L and UD03.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

	EUHD.L	UD03.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	3.44	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	1.74	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.19	-0.57

Drawdowns

EUHD.L vs. UD03.L - Drawdown Comparison

The maximum EUHD.L drawdown since its inception was -35.97%, which is greater than UD03.L's maximum drawdown of -30.85%. Use the drawdown chart below to compare losses from any high point for EUHD.L and UD03.L.

Drawdown Indicators

	EUHD.L	UD03.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.97%	-30.85%	-5.12%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-9.80%	+2.63%
Max Drawdown (3Y) Largest decline over 3 years	-10.52%	-11.72%	+1.20%
Max Drawdown (5Y) Largest decline over 5 years	-19.82%	-18.67%	-1.15%
Max Drawdown (10Y) Largest decline over 10 years	-35.97%	—	—
Current Drawdown Current decline from peak	-2.33%	-1.45%	-0.88%
Average Drawdown Average peak-to-trough decline	-5.30%	-3.32%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	3.56%	-1.50%

Volatility

EUHD.L vs. UD03.L - Volatility Comparison

PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L) and UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L) have volatilities of 3.81% and 3.69%, 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

	EUHD.L	UD03.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	3.69%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	16.20%	-5.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	27.51%	-13.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	47.36%	-31.81%

EUHD.L vs. UD03.L - Expense Ratio Comparison

EUHD.L has a 0.30% expense ratio, which is higher than UD03.L's 0.28% expense ratio.

Dividends

EUHD.L vs. UD03.L - Dividend Comparison

EUHD.L's dividend yield for the trailing twelve months is around 3.96%, more than UD03.L's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EUHD.L PowerShares EURO STOXX High Dividend Low Volatility UCITS	3.96%	4.61%	5.86%	5.50%	5.44%	4.28%	3.06%	4.66%	4.34%	3.41%	3.51%
UD03.L UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis	2.55%	2.97%	2.84%	3.67%	3.96%	3.50%	2.07%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUHD.L and UD03.L in my portfolio?

EUHD.L and UD03.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUHD.L or UD03.L?

On fees, UD03.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUHD.L or UD03.L?

UD03.L is cheaper with a 0.28% expense ratio, compared with 0.30% for EUHD.L.

What is the main difference between EUHD.L and UD03.L?

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.30% for EUHD.L and 0.28% for UD03.L.