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EWUS vs. FDD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWUS vs. FDD

Last updated Jun 4, 2026

EWUS (iShares MSCI United Kingdom Small-Cap ETF) and FDD (First Trust STOXX European Select Dividend Index Fund) are both Europe Equities funds - EWUS tracks the MSCI United Kingdom Small Cap Index while FDD tracks the STOXX Europe Select Dividend 30. Both are passively managed. Over the past 10 years, EWUS returned 3.77%/yr vs 9.96%/yr for FDD. A 0.69 correlation means they provide meaningful diversification when combined. EWUS charges 0.59%/yr vs 0.58%/yr for FDD.

Performance

EWUS vs. FDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI United Kingdom Small-Cap ETF (EWUS) and First Trust STOXX European Select Dividend Index Fund (FDD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWUS achieves a 1.21% return, which is significantly lower than FDD's 11.53% return. Over the past 10 years, EWUS has underperformed FDD with an annualized return of 3.77%, while FDD has yielded a comparatively higher 9.96% annualized return.

EWUS

1D
-1.03%
1M
2.10%
YTD
1.21%
6M
5.28%
1Y
8.92%
3Y*
12.21%
5Y*
-0.15%
10Y*
3.77%

FDD

1D
-1.17%
1M
3.51%
YTD
11.53%
6M
17.78%
1Y
33.02%
3Y*
25.85%
5Y*
11.03%
10Y*
9.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWUS vs. FDD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWUS
iShares MSCI United Kingdom Small-Cap ETF		1.21%25.13%3.55%15.41%-31.19%12.55%-2.58%35.16%-20.16%32.17%
FDD
First Trust STOXX European Select Dividend Index Fund		11.53%62.50%0.28%14.16%-16.14%16.03%-3.80%23.79%-8.98%19.07%

Correlation

The correlation between EWUS and FDD is 0.76, 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

0.76

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

0.78

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

0.81

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

0.75

Correlation (All Time)
Calculated using the full available price history since Jan 27, 2012

0.69

The correlation between EWUS and FDD shifts across timeframes, from 0.69 (all time) to 0.81 (5 years), reflecting how their relationship changes across market environments.

EWUS vs. FDD - Sectors Allocation Comparison

Sectors
EWUS
FDD

Financial Services

22.9%
52.2%

Industrials

20.7%
12.5%

Consumer Cyclical

14.6%
12.3%

Real Estate

10.1%
3.5%

Basic Materials

6.7%
2.9%

Communication Services

5.7%
2.1%

Consumer Defensive

4.6%
3.7%

Technology

4.3%

-

Energy

3.3%
10.8%

Healthcare

3.2%

-

Utilities

3.0%
6.0%

Financial Services

EWUS
22.9%
FDD
52.2%

Industrials

EWUS
20.7%
FDD
12.5%

Consumer Cyclical

EWUS
14.6%
FDD
12.3%

Real Estate

EWUS
10.1%
FDD
3.5%

Basic Materials

EWUS
6.7%
FDD
2.9%

Communication Services

EWUS
5.7%
FDD
2.1%

Consumer Defensive

EWUS
4.6%
FDD
3.7%

Technology

EWUS
4.3%
FDD

-

Energy

EWUS
3.3%
FDD
10.8%

Healthcare

EWUS
3.2%
FDD

-

Utilities

EWUS
3.0%
FDD
6.0%

Compare stocks, funds, or ETFs

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iShares MSCI United Kingdom Small-Cap ETF

First Trust STOXX European Select Dividend Index Fund

Often compared with EWUS:
EWUS vs. EWUEWUS vs. HSCZEWUS vs. EWZSEWUS vs. SCJEWUS vs. SMINEWUS vs. SCZEWUS vs. QQQ
Often compared with FDD:
FDD vs. EUFNFDD vs. FLAXFDD vs. VTIFDD vs. RFEUFDD vs. IQDFFDD vs. DVYFDD vs. IEUR

Return for Risk

EWUS vs. FDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWUS
EWUS Risk / Return Rank: 1717
Overall Rank
EWUS Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
EWUS Sortino Ratio Rank: 1717
Sortino Ratio Rank
EWUS Omega Ratio Rank: 1616
Omega Ratio Rank
EWUS Calmar Ratio Rank: 1717
Calmar Ratio Rank
EWUS Martin Ratio Rank: 1818
Martin Ratio Rank
FDD
FDD Risk / Return Rank: 6464
Overall Rank
FDD Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
FDD Sortino Ratio Rank: 6262
Sortino Ratio Rank
FDD Omega Ratio Rank: 6060
Omega Ratio Rank
FDD Calmar Ratio Rank: 7070
Calmar Ratio Rank
FDD Martin Ratio Rank: 6464
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.

EWUS vs. FDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI United Kingdom Small-Cap ETF (EWUS) and First Trust STOXX European Select Dividend Index Fund (FDD). 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.

EWUSFDDDifference
Sharpe ratioReturn per unit of total volatility
0.50
2.16

-1.66

Sortino ratioReturn per unit of downside risk
0.86
2.98

-2.12

Omega ratioGain probability vs. loss probability

1.10

1.37

-0.27

Calmar ratioReturn relative to maximum drawdown

0.59

3.53

-2.94

Martin ratioReturn relative to average drawdown

1.92

11.86

-9.94

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

EWUS vs. FDD - Sharpe Ratio Comparison

The current EWUS Sharpe Ratio is 0.50, which is lower than the FDD Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of EWUS and FDD, 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

EWUSFDDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.50

2.16

-1.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.01

0.60

-0.61

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.17

0.50

-0.33

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.10

+0.20

Drawdowns

EWUS vs. FDD - Drawdown Comparison

The maximum EWUS drawdown since its inception was -49.33%, smaller than the maximum FDD drawdown of -74.77%. Use the drawdown chart below to compare losses from any high point for EWUS and FDD.

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Drawdown Indicators

EWUSFDDDifference

Max Drawdown

Largest peak-to-trough decline

-49.33%

-74.77%

+25.44%

Max Drawdown (1Y)

Largest decline over 1 year

-15.21%

-9.39%

-5.82%

Max Drawdown (3Y)

Largest decline over 3 years

-19.84%

-13.06%

-6.78%

Max Drawdown (5Y)

Largest decline over 5 years

-48.14%

-35.11%

-13.03%

Max Drawdown (10Y)

Largest decline over 10 years

-49.33%

-41.43%

-7.90%

Current Drawdown

Current decline from peak

-5.93%

-2.26%

-3.67%

Average Drawdown

Average peak-to-trough decline

-13.08%

-35.47%

+22.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.65%

2.79%

+1.86%

Volatility

EWUS vs. FDD - Volatility Comparison

iShares MSCI United Kingdom Small-Cap ETF (EWUS) has a higher volatility of 6.12% compared to First Trust STOXX European Select Dividend Index Fund (FDD) at 5.22%. This indicates that EWUS's price experiences larger fluctuations and is considered to be riskier than FDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWUSFDDDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.12%

5.22%

+0.90%

Volatility (6M)

Calculated over the trailing 6-month period

14.52%

12.35%

+2.17%

Volatility (1Y)

Calculated over the trailing 1-year period

17.78%

15.43%

+2.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.12%

18.39%

+2.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.59%

20.16%

+2.43%

EWUS vs. FDD - Expense Ratio Comparison

EWUS has a 0.59% expense ratio, which is higher than FDD's 0.58% expense ratio.

Dividends

EWUS vs. FDD - Dividend Comparison

EWUS's dividend yield for the trailing twelve months is around 3.55%, which matches FDD's 3.55% yield.

PositionTTM20252024202320222021202020192018201720162015
EWUS
iShares MSCI United Kingdom Small-Cap ETF		3.55%3.59%3.67%2.88%2.03%3.54%1.97%2.59%3.53%2.61%3.18%2.85%
FDD
First Trust STOXX European Select Dividend Index Fund		3.55%3.99%7.65%6.85%6.07%3.44%4.01%4.69%5.05%2.78%4.88%4.35%

Frequently Asked Questions

EWUS and FDD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWUS has higher volatility (6.12%) compared to FDD (5.22%). In terms of maximum drawdown, EWUS dropped -49.33% vs FDD's -74.77%.

On 10-year performance, FDD leads with 9.96% vs 3.77% for EWUS. On fees, FDD is cheaper at 0.58% per year. On volatility, FDD has been the lower-risk option at 5.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FDD has performed better with a 9.96% return vs 3.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDD is cheaper with a 0.58% expense ratio, compared with 0.59% for EWUS.

EWUS and FDD have nearly identical dividend yields, around 3.55%.

EWUS tracks MSCI United Kingdom Small Cap Index, while FDD tracks STOXX Europe Select Dividend 30. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.59% for EWUS and 0.58% for FDD.

FDD currently has the higher Sharpe Ratio (2.16 vs 0.50), 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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