EVAL.L vs. HICL.L
EVAL.L (SPDR MSCI Europe Value UCITS ETF) is Europe Equities fund tracking the MSCI Europe Value NR EUR, while HICL.L (HICL Infrastructure Company Ltd) is a stock. Over the past 10 years, EVAL.L returned 11.35%/yr vs 1.86%/yr for HICL.L. At a 0.21 correlation, their price movements are largely independent.
Performance
EVAL.L vs. HICL.L - Performance Comparison
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Different Trading Currencies
EVAL.L is traded in GBP, while HICL.L is traded in GBp. To make them comparable, the HICL.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EVAL.L achieves a 12.38% return, which is significantly lower than HICL.L's 19.72% return. Over the past 10 years, EVAL.L has outperformed HICL.L with an annualized return of 11.35%, while HICL.L has yielded a comparatively lower 1.86% annualized return.
EVAL.L
- 1D
- -0.18%
- 1M
- -0.33%
- 6M
- 10.01%
- YTD
- 12.38%
- 1Y
- 30.45%
- 3Y*
- 20.76%
- 5Y*
- 14.76%
- 10Y*
- 11.35%
HICL.L
- 1D
- 0.00%
- 1M
- 1.35%
- 6M
- 17.10%
- YTD
- 19.72%
- 1Y
- 16.88%
- 3Y*
- 8.39%
- 5Y*
- 1.75%
- 10Y*
- 1.86%
EVAL.L vs. HICL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVAL.L SPDR MSCI Europe Value UCITS ETF | 12.38% | 41.82% | 4.36% | 11.01% | 1.33% | 19.13% | -2.54% | 16.22% | -13.77% | 15.54% |
HICL.L HICL Infrastructure Company Ltd | 19.72% | 5.39% | -8.33% | -10.53% | -2.34% | 6.51% | 7.00% | 12.35% | -0.32% | -3.69% |
Correlation
The correlation between EVAL.L and HICL.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.21 |
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Return for Risk
EVAL.L vs. HICL.L — Risk / Return Rank
EVAL.L
HICL.L
EVAL.L vs. HICL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Value UCITS ETF (EVAL.L) and HICL Infrastructure Company Ltd (HICL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVAL.L | HICL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.18 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 1.36 | +1.64 |
| Martin ratioReturn relative to average drawdown | 11.02 | 4.64 | +6.38 |
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Drawdowns
EVAL.L vs. HICL.L - Drawdown Comparison
The maximum EVAL.L drawdown since its inception was -40.72%, which is greater than HICL.L's maximum drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for EVAL.L and HICL.L.
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Drawdown Indicators
| EVAL.L | HICL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -31.03% | -9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -12.38% | +2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -14.34% | -17.16% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -14.61% | -31.03% | +16.42% |
Max Drawdown (10Y)Largest decline over 10 years | -37.77% | -31.03% | -6.74% |
Current DrawdownCurrent decline from peak | -1.43% | -4.22% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -7.90% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.63% | -0.87% |
Volatility
EVAL.L vs. HICL.L - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (EVAL.L) has a higher volatility of 4.04% compared to HICL Infrastructure Company Ltd (HICL.L) at 3.41%. This indicates that EVAL.L's price experiences larger fluctuations and is considered to be riskier than HICL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVAL.L | HICL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.41% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.21% | 11.73% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 17.53% | -4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 19.87% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 18.23% | -0.46% |
Dividends
EVAL.L vs. HICL.L - Dividend Comparison
EVAL.L has not paid dividends to shareholders, while HICL.L's dividend yield for the trailing twelve months is around 6.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EVAL.L SPDR MSCI Europe Value UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HICL.L HICL Infrastructure Company Ltd | 6.19% | 7.13% | 6.94% | 5.95% | 5.02% | 4.67% | 4.74% | 3.60% |
Frequently Asked Questions
EVAL.L and HICL.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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