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EWU vs. EUDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWU vs. EUDV

Last updated Jun 5, 2026

EWU (iShares MSCI United Kingdom ETF) and EUDV (ProShares MSCI Europe Dividend Growers ETF) are both Europe Equities funds - EWU tracks the MSCI United Kingdom Index while EUDV tracks the MSCI Europe Dividend Masters Index. Both are passively managed. Over the past 10 years, EWU returned 7.86%/yr vs 5.32%/yr for EUDV. A 0.74 correlation means they provide meaningful diversification when combined. EWU charges 0.50%/yr vs 0.55%/yr for EUDV.

Performance

EWU vs. EUDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI United Kingdom ETF (EWU) and ProShares MSCI Europe Dividend Growers ETF (EUDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWU achieves a 6.59% return, which is significantly higher than EUDV's 3.21% return. Over the past 10 years, EWU has outperformed EUDV with an annualized return of 7.86%, while EUDV has yielded a comparatively lower 5.32% annualized return.

EWU

1D
0.99%
1M
0.93%
YTD
6.59%
6M
10.05%
1Y
21.33%
3Y*
17.73%
5Y*
10.86%
10Y*
7.86%

EUDV

1D
1.98%
1M
0.36%
YTD
3.21%
6M
4.22%
1Y
0.84%
3Y*
8.18%
5Y*
2.68%
10Y*
5.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWU vs. EUDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWU
iShares MSCI United Kingdom ETF		6.59%34.95%6.74%12.40%-4.39%18.19%-11.80%21.29%-14.30%21.54%
EUDV
ProShares MSCI Europe Dividend Growers ETF		3.21%14.05%0.03%20.41%-24.87%19.56%5.81%25.89%-11.12%21.57%

Correlation

The correlation between EWU and EUDV is 0.77, 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

0.77

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.80

Correlation (10Y)
Calculated over the trailing 10-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Sep 14, 2015

0.75

The correlation between EWU and EUDV has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

EWU vs. EUDV - Sectors Allocation Comparison

Sectors
EWU
EUDV

Financial Services

26.0%
14.1%

Consumer Defensive

14.2%
10.9%

Healthcare

13.9%
16.1%

Industrials

12.1%
21.0%

Energy

11.0%
2.2%

Basic Materials

9.3%
11.0%

Utilities

5.1%
9.5%

Consumer Cyclical

4.0%

-

Communication Services

2.4%
4.2%

Technology

0.6%
11.3%

Real Estate

0.6%
2.0%

Financial Services

EWU
26.0%
EUDV
14.1%

Consumer Defensive

EWU
14.2%
EUDV
10.9%

Healthcare

EWU
13.9%
EUDV
16.1%

Industrials

EWU
12.1%
EUDV
21.0%

Energy

EWU
11.0%
EUDV
2.2%

Basic Materials

EWU
9.3%
EUDV
11.0%

Utilities

EWU
5.1%
EUDV
9.5%

Consumer Cyclical

EWU
4.0%
EUDV

-

Communication Services

EWU
2.4%
EUDV
4.2%

Technology

EWU
0.6%
EUDV
11.3%

Real Estate

EWU
0.6%
EUDV
2.0%

Compare stocks, funds, or ETFs

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iShares MSCI United Kingdom ETF

ProShares MSCI Europe Dividend Growers ETF

Often compared with EWU:
EWU vs. FLGBEWU vs. EWUSEWU vs. SPYEWU vs. FEZEWU vs. FKUEWU vs. BNDWEWU vs. VOO
Often compared with EUDV:
EUDV vs. EUDGEUDV vs. LDEG.LEUDV vs. HUKX.LEUDV vs. SPYEUDV vs. IDHQEUDV vs. IEUREUDV vs. PRF

Return for Risk

EWU vs. EUDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWU
EWU Risk / Return Rank: 4444
Overall Rank
EWU Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
EWU Sortino Ratio Rank: 4343
Sortino Ratio Rank
EWU Omega Ratio Rank: 4141
Omega Ratio Rank
EWU Calmar Ratio Rank: 4444
Calmar Ratio Rank
EWU Martin Ratio Rank: 4848
Martin Ratio Rank
EUDV
EUDV Risk / Return Rank: 1010
Overall Rank
EUDV Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
EUDV Sortino Ratio Rank: 99
Sortino Ratio Rank
EUDV Omega Ratio Rank: 99
Omega Ratio Rank
EUDV Calmar Ratio Rank: 1010
Calmar Ratio Rank
EUDV Martin Ratio Rank: 1010
Martin Ratio Rank
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.

EWU vs. EUDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI United Kingdom ETF (EWU) and ProShares MSCI Europe Dividend Growers ETF (EUDV). 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.

EWUEUDVDifference
Sharpe ratioReturn per unit of total volatility
1.49
0.06

+1.43

Sortino ratioReturn per unit of downside risk
2.12
0.18

+1.94

Omega ratioGain probability vs. loss probability

1.26

1.02

+0.24

Calmar ratioReturn relative to maximum drawdown

2.16

0.08

+2.08

Martin ratioReturn relative to average drawdown

7.80

0.20

+7.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EWU vs. EUDV - Sharpe Ratio Comparison

The current EWU Sharpe Ratio is 1.49, which is higher than the EUDV Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of EWU and EUDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EWUEUDVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

0.06

+1.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.17

+0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

0.31

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.28

-0.01

Drawdowns

EWU vs. EUDV - Drawdown Comparison

The maximum EWU drawdown since its inception was -63.99%, which is greater than EUDV's maximum drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for EWU and EUDV.

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Drawdown Indicators

EWUEUDVDifference

Max Drawdown

Largest peak-to-trough decline

-63.99%

-37.51%

-26.48%

Max Drawdown (1Y)

Largest decline over 1 year

-9.92%

-10.63%

+0.71%

Max Drawdown (3Y)

Largest decline over 3 years

-12.63%

-13.69%

+1.06%

Max Drawdown (5Y)

Largest decline over 5 years

-24.91%

-37.51%

+12.60%

Max Drawdown (10Y)

Largest decline over 10 years

-43.33%

-37.51%

-5.82%

Current Drawdown

Current decline from peak

-3.70%

-2.79%

-0.91%

Average Drawdown

Average peak-to-trough decline

-14.16%

-8.61%

-5.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

4.22%

-1.48%

Volatility

EWU vs. EUDV - Volatility Comparison

iShares MSCI United Kingdom ETF (EWU) has a higher volatility of 5.64% compared to ProShares MSCI Europe Dividend Growers ETF (EUDV) at 4.88%. This indicates that EWU's price experiences larger fluctuations and is considered to be riskier than EUDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWUEUDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.64%

4.88%

+0.76%

Volatility (6M)

Calculated over the trailing 6-month period

12.33%

11.32%

+1.01%

Volatility (1Y)

Calculated over the trailing 1-year period

14.40%

14.17%

+0.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.43%

16.15%

+0.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.84%

17.42%

+1.42%

EWU vs. EUDV - Expense Ratio Comparison

EWU has a 0.50% expense ratio, which is lower than EUDV's 0.55% expense ratio.

Dividends

EWU vs. EUDV - Dividend Comparison

EWU's dividend yield for the trailing twelve months is around 3.50%, more than EUDV's 1.68% yield.

PositionTTM20252024202320222021202020192018201720162015
EUDV
ProShares MSCI Europe Dividend Growers ETF		1.68%1.74%1.92%1.87%1.77%2.30%1.27%2.20%2.22%2.33%2.53%0.37%
EWU
iShares MSCI United Kingdom ETF		3.50%3.73%4.16%4.14%3.43%4.35%2.48%4.13%4.98%3.91%3.97%4.11%

Frequently Asked Questions

EWU and EUDV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWU has higher volatility (5.64%) compared to EUDV (4.88%). In terms of maximum drawdown, EWU dropped -63.99% vs EUDV's -37.51%.

On 10-year performance, EWU leads with 7.86% vs 5.32% for EUDV. On fees, EWU is cheaper at 0.50% per year. On volatility, EUDV has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EWU has performed better with a 7.86% return vs 5.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EWU is cheaper with a 0.50% expense ratio, compared with 0.55% for EUDV.

EWU has the higher dividend yield at 3.50%, compared with 1.68% for EUDV.

EWU tracks MSCI United Kingdom Index, while EUDV tracks MSCI Europe Dividend Masters Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.50% for EWU and 0.55% for EUDV.

EWU currently has the higher Sharpe Ratio (1.49 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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