FASA.L vs. HDEU.L
FASA.L (Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc)) and HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both Europe Equities funds from Invesco - FASA.L tracks the FTSE All-Share ex Investment Trusts ESG Climate Select Index while HDEU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, FASA.L returned 12.75%/yr vs 20.86%/yr for HDEU.L. A 0.70 correlation means they provide meaningful diversification when combined. FASA.L charges 0.12%/yr vs 0.30%/yr for HDEU.L.
Performance
FASA.L vs. HDEU.L - Performance Comparison
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Different Trading Currencies
FASA.L is traded in GBp, while HDEU.L is traded in EUR. To make them comparable, the HDEU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FASA.L achieves a 4.29% return, which is significantly lower than HDEU.L's 10.83% return.
FASA.L
- 1D
- 0.23%
- 1M
- 0.95%
- 6M
- 2.56%
- YTD
- 4.29%
- 1Y
- 14.66%
- 3Y*
- 12.75%
- 5Y*
- —
- 10Y*
- —
HDEU.L
- 1D
- 0.00%
- 1M
- -1.21%
- 6M
- 9.28%
- YTD
- 10.83%
- 1Y
- 22.16%
- 3Y*
- 20.86%
- 5Y*
- 13.15%
- 10Y*
- 8.96%
FASA.L vs. HDEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FASA.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) | 4.29% | 21.28% | 9.36% | 4.57% | -2.43% | 3.75% |
HDEU.L PowerShares EURO STOXX High Dividend Low Volatility UCITS | 12.07% | 43.13% | 5.16% | 11.32% | -3.47% | 1.45% |
Correlation
The correlation between FASA.L and HDEU.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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.70 |
The correlation between FASA.L and HDEU.L has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
FASA.L vs. HDEU.L — Risk / Return Rank
FASA.L
HDEU.L
FASA.L vs. HDEU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) (FASA.L) 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.
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.
| FASA.L | HDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.08 | -1.66 |
| Martin ratioReturn relative to average drawdown | 4.47 | 10.36 | -5.89 |
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Drawdowns
FASA.L vs. HDEU.L - Drawdown Comparison
The maximum FASA.L drawdown since its inception was -12.64%, smaller than the maximum HDEU.L drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for FASA.L and HDEU.L.
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Drawdown Indicators
| FASA.L | HDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.64% | -35.89% | +23.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -7.16% | -3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -12.35% | -11.66% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.89% | — |
Current DrawdownCurrent decline from peak | -2.45% | -1.28% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -5.38% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.13% | +1.37% |
Volatility
FASA.L vs. HDEU.L - Volatility Comparison
Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) (FASA.L) has a higher volatility of 3.42% compared to PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) at 3.02%. This indicates that FASA.L's price experiences larger fluctuations and is considered to be riskier than HDEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FASA.L | HDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 3.02% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 8.45% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 10.67% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.10% | 13.95% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.10% | 15.90% | -2.80% |
FASA.L vs. HDEU.L - Expense Ratio Comparison
FASA.L has a 0.12% expense ratio, which is lower than HDEU.L's 0.30% expense ratio.
Dividends
FASA.L vs. HDEU.L - Dividend Comparison
FASA.L has not paid dividends to shareholders, while HDEU.L's dividend yield for the trailing twelve months is around 3.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FASA.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) | 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 | 3.66% | 4.71% | 5.78% | 5.56% | 5.60% | 4.21% | 3.04% | 4.50% | 4.38% | 3.44% | 3.59% |
Frequently Asked Questions
FASA.L and HDEU.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.
On fees, FASA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FASA.L is cheaper with a 0.12% expense ratio, compared with 0.30% for HDEU.L.
FASA.L tracks FTSE All-Share ex Investment Trusts ESG Climate Select Index, while HDEU.L tracks MSCI EMU NR EUR. Their fees differ too: 0.12% for FASA.L and 0.30% for HDEU.L.
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