EUN0.DE vs. HDEU.L

Last updated Apr 15, 2026

EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) and HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both Europe Equities funds — EUN0.DE tracks the MSCI Europe Minimum Volatility while HDEU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, EUN0.DE returned 6.86%/yr vs 8.32%/yr for HDEU.L. A 0.70 correlation means they provide meaningful diversification when combined. EUN0.DE charges 0.25%/yr vs 0.30%/yr for HDEU.L.

Performance

EUN0.DE vs. HDEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUN0.DE achieves a 6.73% return, which is significantly lower than HDEU.L's 10.68% return. Over the past 10 years, EUN0.DE has underperformed HDEU.L with an annualized return of 6.86%, while HDEU.L has yielded a comparatively higher 8.32% annualized return.

EUN0.DE

• 1D: 0.23%
• 1M: 1.44%
• YTD: 6.73%
• 6M: 8.70%
• 1Y: 15.75%
• 3Y*: 10.57%
• 5Y*: 8.37%
• 10Y*: 6.86%

HDEU.L

• 1D: 0.83%
• 1M: 5.69%
• YTD: 10.68%
• 6M: 17.01%
• 1Y: 38.13%
• 3Y*: 20.37%
• 5Y*: 13.74%
• 10Y*: 8.32%

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

EUN0.DE vs. HDEU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF	6.73%	12.27%	11.42%	10.79%	-13.21%	21.54%	-4.02%	24.17%	-4.36%	9.14%
HDEU.L PowerShares EURO STOXX High Dividend Low Volatility UCITS	10.68%	35.87%	10.18%	13.58%	-8.23%	21.08%	-17.97%	17.34%	-8.18%	10.01%

Correlation

The correlation between EUN0.DE and HDEU.L is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 11, 2016	0.70

The correlation between EUN0.DE and HDEU.L shifts across timeframes, from 0.57 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EUN0.DE vs. HDEU.L — Risk / Return Rank

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

EUN0.DE

EUN0.DE Risk / Return Rank: 38
EUN0.DE Sharpe Ratio Rank: 40
EUN0.DE Sortino Ratio Rank: 41
EUN0.DE Omega Ratio Rank: 42
EUN0.DE Calmar Ratio Rank: 38
EUN0.DE Martin Ratio Rank: 30

HDEU.L

HDEU.L Risk / Return Rank: 92
HDEU.L Sharpe Ratio Rank: 94
HDEU.L Sortino Ratio Rank: 92
HDEU.L Omega Ratio Rank: 94
HDEU.L Calmar Ratio Rank: 93
HDEU.L Martin Ratio Rank: 89

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.

EUN0.DE vs. HDEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.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.

	EUN0.DE	HDEU.L	Difference
Sharpe ratio Return per unit of total volatility	1.81	3.76	-1.95
Sortino ratio Return per unit of downside risk	2.60	4.77	-2.17
Omega ratio Gain probability vs. loss probability	1.34	1.72	-0.38
Calmar ratio Return relative to maximum drawdown	2.54	7.00	-4.46
Martin ratio Return relative to average drawdown	6.63	22.45	-15.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUN0.DE vs. HDEU.L - Sharpe Ratio Comparison

The current EUN0.DE Sharpe Ratio is 1.81, which is lower than the HDEU.L Sharpe Ratio of 3.76. The chart below compares the historical Sharpe Ratios of EUN0.DE and HDEU.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

	EUN0.DE	HDEU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	3.76	-1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	1.02	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.52	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.52	+0.13

Drawdowns

EUN0.DE vs. HDEU.L - Drawdown Comparison

The maximum EUN0.DE drawdown since its inception was -30.68%, smaller than the maximum HDEU.L drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for EUN0.DE and HDEU.L.

Drawdown Indicators

	EUN0.DE	HDEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.68%	-40.22%	+9.54%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-5.88%	-1.28%
Max Drawdown (5Y) Largest decline over 5 years	-19.64%	-22.45%	+2.81%
Max Drawdown (10Y) Largest decline over 10 years	-30.68%	-40.22%	+9.54%
Current Drawdown Current decline from peak	-2.08%	0.00%	-2.08%
Average Drawdown Average peak-to-trough decline	-4.71%	-5.79%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.83%	+0.91%

Volatility

EUN0.DE vs. HDEU.L - Volatility Comparison

iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) have volatilities of 4.27% and 4.24%, 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

	EUN0.DE	HDEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	4.24%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	6.70%	7.75%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	8.98%	10.40%	-1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.02%	13.50%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.53%	15.99%	-3.46%

EUN0.DE vs. HDEU.L - Expense Ratio Comparison

EUN0.DE has a 0.25% expense ratio, which is lower than HDEU.L's 0.30% expense ratio.

Dividends

EUN0.DE vs. HDEU.L - Dividend Comparison

EUN0.DE has not paid dividends to shareholders, while HDEU.L's dividend yield for the trailing twelve months is around 3.97%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDEU.L PowerShares EURO STOXX High Dividend Low Volatility UCITS	3.97%	4.71%	5.77%	5.56%	5.60%	4.21%	3.04%	4.50%	4.38%	3.44%	3.59%