EUHD.L vs. XD5E.L

Last updated Jun 4, 2026

EUHD.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) and XD5E.L (Xtrackers MSCI EMU UCITS ETF 1D) are both Europe Equities funds tracking the MSCI EMU NR EUR, from Invesco and Xtrackers respectively. Both are passively managed. Over the past 10 years, EUHD.L returned 9.34%/yr vs 11.11%/yr for XD5E.L. Their correlation of 0.84 suggests significant overlap in exposure. EUHD.L charges 0.30%/yr vs 0.12%/yr for XD5E.L.

Performance

EUHD.L vs. XD5E.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 Xtrackers MSCI EMU UCITS ETF 1D (XD5E.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 higher than XD5E.L's 7.38% return. Over the past 10 years, EUHD.L has underperformed XD5E.L with an annualized return of 9.34%, while XD5E.L has yielded a comparatively higher 11.11% annualized 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%

XD5E.L

• 1D: -0.64%
• 1M: 3.82%
• YTD: 7.38%
• 6M: 9.46%
• 1Y: 21.07%
• 3Y*: 15.76%
• 5Y*: 10.59%
• 10Y*: 11.11%

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

EUHD.L vs. XD5E.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUHD.L PowerShares EURO STOXX High Dividend Low Volatility UCITS	9.03%	42.88%	5.23%	11.37%	-3.26%	13.30%	-13.39%	11.53%	-7.27%	13.76%
XD5E.L Xtrackers MSCI EMU UCITS ETF 1D	7.38%	30.59%	4.80%	16.42%	-6.55%	14.24%	5.09%	19.28%	-11.50%	17.44%

Correlation

The correlation between EUHD.L and XD5E.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	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 11, 2016	0.84

The correlation between EUHD.L and XD5E.L shifts across timeframes, from 0.68 (1 year) to 0.84 (10 years), reflecting how their relationship changes across market environments.

EUHD.L vs. XD5E.L - Sectors Allocation Comparison

Sectors	EUHD.L	XD5E.L
Financial Services	35.2%	25.0%
Utilities	12.1%	6.4%
Real Estate	11.6%	1.0%
Consumer Cyclical	10.4%	8.6%
Basic Materials	10.0%	2.9%
Energy	6.8%	4.4%
Communication Services	6.3%	4.2%
Industrials	3.8%	22.0%
Consumer Defensive	3.7%	4.6%
Healthcare	0.0%	6.0%
Technology	-	15.1%

Return for Risk

EUHD.L vs. XD5E.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

XD5E.L

XD5E.L Risk / Return Rank: 43
XD5E.L Sharpe Ratio Rank: 44
XD5E.L Sortino Ratio Rank: 44
XD5E.L Omega Ratio Rank: 45
XD5E.L Calmar Ratio Rank: 39
XD5E.L Martin Ratio Rank: 43

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. XD5E.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 Xtrackers MSCI EMU UCITS ETF 1D (XD5E.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	XD5E.L	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.51	+0.62
Sortino ratio: Return per unit of downside risk	2.83	2.16	+0.67
Omega ratio: Gain probability vs. loss probability	1.38	1.28	+0.10
Calmar ratio: Return relative to maximum drawdown	3.32	1.91	+1.41
Martin ratio: Return relative to average drawdown	11.62	6.80	+4.83
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. XD5E.L - Sharpe Ratio Comparison

The current EUHD.L Sharpe Ratio is 2.13, which is higher than the XD5E.L Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of EUHD.L and XD5E.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	XD5E.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.51	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.66	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.66	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.60	+0.02

Drawdowns

EUHD.L vs. XD5E.L - Drawdown Comparison

The maximum EUHD.L drawdown since its inception was -35.97%, which is greater than XD5E.L's maximum drawdown of -31.47%. Use the drawdown chart below to compare losses from any high point for EUHD.L and XD5E.L.

Drawdown Indicators

	EUHD.L	XD5E.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.97%	-31.47%	-4.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-10.99%	+3.82%
Max Drawdown (3Y) Largest decline over 3 years	-10.52%	-12.92%	+2.40%
Max Drawdown (5Y) Largest decline over 5 years	-19.82%	-21.76%	+1.94%
Max Drawdown (10Y) Largest decline over 10 years	-35.97%	-31.47%	-4.50%
Current Drawdown Current decline from peak	-2.33%	-0.64%	-1.69%
Average Drawdown Average peak-to-trough decline	-5.30%	-5.02%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	3.09%	-1.03%

Volatility

EUHD.L vs. XD5E.L - Volatility Comparison

The current volatility for PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L) is 3.81%, while Xtrackers MSCI EMU UCITS ETF 1D (XD5E.L) has a volatility of 4.65%. This indicates that EUHD.L experiences smaller price fluctuations and is considered to be less risky than XD5E.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUHD.L	XD5E.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	4.65%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	11.51%	-2.81%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	13.89%	-2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	16.11%	-2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	16.81%	-1.26%

EUHD.L vs. XD5E.L - Expense Ratio Comparison

EUHD.L has a 0.30% expense ratio, which is higher than XD5E.L's 0.12% expense ratio.

Dividends

EUHD.L vs. XD5E.L - Dividend Comparison

EUHD.L's dividend yield for the trailing twelve months is around 3.96%, more than XD5E.L's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
XD5E.L Xtrackers MSCI EMU UCITS ETF 1D	2.44%	2.51%	2.93%	2.71%	4.42%	1.47%	2.89%	2.65%	1.82%	2.41%	0.68%	0.37%

Frequently Asked Questions

Can I hold both EUHD.L and XD5E.L in my portfolio?

EUHD.L and XD5E.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, EUHD.L or XD5E.L?

On fees, XD5E.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUHD.L or XD5E.L?

XD5E.L is cheaper with a 0.12% expense ratio, compared with 0.30% for EUHD.L.

What is the main difference between EUHD.L and XD5E.L?

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.30% for EUHD.L and 0.12% for XD5E.L.