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HDEU.L vs. EDIV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HDEU.L vs. EDIV.L

Last updated Jun 5, 2026

HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) and EDIV.L (Lyxor S&P Eurozone ESG Dividend Aristocrats (DR) UCITS ETF - Acc) are both Europe Equities funds tracking the MSCI EMU NR EUR, from Invesco and Amundi respectively. Both are passively managed. Over the past 3 years, HDEU.L returned 20.15%/yr vs 11.57%/yr for EDIV.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.

Performance

HDEU.L vs. EDIV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) and Lyxor S&P Eurozone ESG Dividend Aristocrats (DR) UCITS ETF - Acc (EDIV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HDEU.L is traded in EUR, while EDIV.L is traded in GBP. To make them comparable, the EDIV.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, HDEU.L achieves a 10.26% return, which is significantly higher than EDIV.L's 4.94% return.

HDEU.L

1D
-0.29%
1M
-0.74%
YTD
10.26%
6M
12.26%
1Y
20.78%
3Y*
20.15%
5Y*
12.72%
10Y*
8.16%

EDIV.L

1D
0.26%
1M
-0.34%
YTD
4.94%
6M
6.39%
1Y
5.79%
3Y*
11.57%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HDEU.L vs. EDIV.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
HDEU.L
PowerShares EURO STOXX High Dividend Low Volatility UCITS		10.26%35.87%10.18%13.58%-8.23%2.41%
EDIV.L
Lyxor S&P Eurozone ESG Dividend Aristocrats (DR) UCITS ETF - Acc		4.95%15.75%9.17%15.94%-13.31%-0.25%

Correlation

The correlation between HDEU.L and EDIV.L is 0.75, 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

0.75

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

0.78

Correlation (All Time)
Calculated using the full available price history since Sep 1, 2021

0.81

The correlation between HDEU.L and EDIV.L has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

HDEU.L vs. EDIV.L - Sectors Allocation Comparison

Sectors
HDEU.L
EDIV.L

Financial Services

35.6%
24.7%

Utilities

12.1%
17.6%

Real Estate

11.5%
1.1%

Consumer Cyclical

10.2%
1.8%

Basic Materials

9.9%
6.7%

Energy

6.9%
1.6%

Communication Services

6.3%
7.0%

Industrials

3.7%
19.6%

Consumer Defensive

3.7%
7.6%

Healthcare

0.0%
8.6%

Technology

-

3.8%

Financial Services

HDEU.L
35.6%
EDIV.L
24.7%

Utilities

HDEU.L
12.1%
EDIV.L
17.6%

Real Estate

HDEU.L
11.5%
EDIV.L
1.1%

Consumer Cyclical

HDEU.L
10.2%
EDIV.L
1.8%

Basic Materials

HDEU.L
9.9%
EDIV.L
6.7%

Energy

HDEU.L
6.9%
EDIV.L
1.6%

Communication Services

HDEU.L
6.3%
EDIV.L
7.0%

Industrials

HDEU.L
3.7%
EDIV.L
19.6%

Consumer Defensive

HDEU.L
3.7%
EDIV.L
7.6%

Healthcare

HDEU.L
0.0%
EDIV.L
8.6%

Technology

HDEU.L

-

EDIV.L
3.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PowerShares EURO STOXX High Dividend Low Volatility UCITS

Lyxor S&P Eurozone ESG Dividend Aristocrats (DR) UCITS ETF - Acc

Often compared with HDEU.L:
HDEU.L vs. EUN0.DEHDEU.L vs. GLDHDEU.L vs. VDIV.DEHDEU.L vs. WINC.ASHDEU.L vs. ISPA.DEHDEU.L vs. H50E.LHDEU.L vs. EUNK.DE
Often compared with EDIV.L:
EDIV.L vs. PRUK.LEDIV.L vs. MIVO.LEDIV.L vs. EUDV.LEDIV.L vs. LCPE.LEDIV.L vs. MMS.LEDIV.L vs. CS1.LEDIV.L vs. EEIP.L

Return for Risk

HDEU.L vs. EDIV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HDEU.L
HDEU.L Risk / Return Rank: 6464
Overall Rank
HDEU.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
HDEU.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
HDEU.L Omega Ratio Rank: 6464
Omega Ratio Rank
HDEU.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
HDEU.L Martin Ratio Rank: 6464
Martin Ratio Rank
EDIV.L
EDIV.L Risk / Return Rank: 2323
Overall Rank
EDIV.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
EDIV.L Sortino Ratio Rank: 2222
Sortino Ratio Rank
EDIV.L Omega Ratio Rank: 2222
Omega Ratio Rank
EDIV.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
EDIV.L Martin Ratio Rank: 2424
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.

HDEU.L vs. EDIV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) and Lyxor S&P Eurozone ESG Dividend Aristocrats (DR) UCITS ETF - Acc (EDIV.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.

HDEU.LEDIV.LDifference
Sharpe ratioReturn per unit of total volatility
2.07
0.54

+1.53

Sortino ratioReturn per unit of downside risk
2.74
0.81

+1.93

Omega ratioGain probability vs. loss probability

1.38

1.11

+0.28

Calmar ratioReturn relative to maximum drawdown

3.57

0.75

+2.81

Martin ratioReturn relative to average drawdown

11.36

2.21

+9.15

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

HDEU.L vs. EDIV.L - Sharpe Ratio Comparison

The current HDEU.L Sharpe Ratio is 2.07, which is higher than the EDIV.L Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of HDEU.L and EDIV.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.

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Sharpe Ratios by Period

HDEU.LEDIV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.07

0.54

+1.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.44

+0.07

Drawdowns

HDEU.L vs. EDIV.L - Drawdown Comparison

The maximum HDEU.L drawdown since its inception was -40.22%, which is greater than EDIV.L's maximum drawdown of -24.59%. Use the drawdown chart below to compare losses from any high point for HDEU.L and EDIV.L.

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Drawdown Indicators

HDEU.LEDIV.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.22%

-24.59%

-15.63%

Max Drawdown (1Y)

Largest decline over 1 year

-5.88%

-7.66%

+1.78%

Max Drawdown (3Y)

Largest decline over 3 years

-12.86%

-11.92%

-0.94%

Max Drawdown (5Y)

Largest decline over 5 years

-22.45%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-40.22%

—

—

Current Drawdown

Current decline from peak

-1.97%

-2.65%

+0.68%

Average Drawdown

Average peak-to-trough decline

-5.72%

-5.36%

-0.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.85%

2.62%

-0.77%

Volatility

HDEU.L vs. EDIV.L - Volatility Comparison

PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) and Lyxor S&P Eurozone ESG Dividend Aristocrats (DR) UCITS ETF - Acc (EDIV.L) have volatilities of 3.12% and 3.09%, 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.

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Volatility by Period

HDEU.LEDIV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.12%

3.09%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

7.85%

8.58%

-0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

10.14%

10.66%

-0.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.50%

13.92%

-0.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.95%

13.92%

+2.03%

HDEU.L vs. EDIV.L - Expense Ratio Comparison

Both HDEU.L and EDIV.L have an expense ratio of 0.30%.

Dividends

HDEU.L vs. EDIV.L - Dividend Comparison

HDEU.L's dividend yield for the trailing twelve months is around 3.98%, while EDIV.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
EDIV.L
Lyxor S&P Eurozone ESG Dividend Aristocrats (DR) UCITS ETF - 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		3.98%4.71%5.77%5.56%5.60%4.21%3.04%4.50%4.38%3.44%3.59%

Frequently Asked Questions

HDEU.L and EDIV.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

HDEU.L and EDIV.L have the same expense ratio: 0.30% per year.

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: Invesco and Amundi.

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