HDEU.L vs. EUMV.L

Last updated Jun 5, 2026

HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) and EUMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) are both Europe Equities funds - HDEU.L tracks the MSCI EMU NR EUR while EUMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, HDEU.L returned 8.16%/yr vs 6.77%/yr for EUMV.L. A 0.74 correlation means they provide meaningful diversification when combined. HDEU.L charges 0.30%/yr vs 0.45%/yr for EUMV.L.

Performance

HDEU.L vs. EUMV.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 Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDEU.L achieves a 10.26% return, which is significantly higher than EUMV.L's 5.51% return. Over the past 10 years, HDEU.L has outperformed EUMV.L with an annualized return of 8.16%, while EUMV.L has yielded a comparatively lower 6.77% annualized 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%

EUMV.L

• 1D: 0.60%
• 1M: -1.32%
• YTD: 5.51%
• 6M: 7.31%
• 1Y: 4.11%
• 3Y*: 11.20%
• 5Y*: 6.88%
• 10Y*: 6.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDEU.L PowerShares EURO STOXX High Dividend Low Volatility UCITS	10.26%	35.87%	10.18%	13.58%	-8.23%	21.08%	-17.97%	17.34%	-8.18%	10.01%
EUMV.L Ossiam Europe ESG Machine Learning ETF UCITS (EUR)	5.51%	12.06%	14.58%	6.69%	-13.94%	23.14%	0.82%	18.31%	-4.96%	12.22%

Correlation

The correlation between HDEU.L and EUMV.L is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 11, 2016	0.74

The correlation between HDEU.L and EUMV.L has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

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

Sectors	HDEU.L	EUMV.L
Financial Services	35.6%	17.1%
Utilities	12.1%	20.2%
Real Estate	11.5%	11.6%
Consumer Cyclical	10.2%	2.1%
Basic Materials	9.9%	0.4%
Energy	6.9%	2.2%
Communication Services	6.3%	16.5%
Industrials	3.7%	18.7%
Consumer Defensive	3.7%	1.1%
Healthcare	0.0%	1.3%
Technology	-	9.8%

Return for Risk

HDEU.L vs. EUMV.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: 64
HDEU.L Sharpe Ratio Rank: 63
HDEU.L Sortino Ratio Rank: 58
HDEU.L Omega Ratio Rank: 64
HDEU.L Calmar Ratio Rank: 72
HDEU.L Martin Ratio Rank: 64

EUMV.L

EUMV.L Risk / Return Rank: 15
EUMV.L Sharpe Ratio Rank: 16
EUMV.L Sortino Ratio Rank: 15
EUMV.L Omega Ratio Rank: 15
EUMV.L Calmar Ratio Rank: 16
EUMV.L Martin Ratio Rank: 17

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. EUMV.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 Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.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.L	EUMV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.07	0.42	+1.65
Sortino ratio: Return per unit of downside risk	2.74	0.64	+2.10
Omega ratio: Gain probability vs. loss probability	1.38	1.08	+0.30
Calmar ratio: Return relative to maximum drawdown	3.57	0.55	+3.02
Martin ratio: Return relative to average drawdown	11.36	1.56	+9.79
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. EUMV.L - Sharpe Ratio Comparison

The current HDEU.L Sharpe Ratio is 2.07, which is higher than the EUMV.L Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of HDEU.L and EUMV.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.

Sharpe Ratios by Period

	HDEU.L	EUMV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	0.42	+1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.58	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.55	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.63	-0.12

Drawdowns

HDEU.L vs. EUMV.L - Drawdown Comparison

The maximum HDEU.L drawdown since its inception was -40.22%, which is greater than EUMV.L's maximum drawdown of -30.58%. Use the drawdown chart below to compare losses from any high point for HDEU.L and EUMV.L.

Drawdown Indicators

	HDEU.L	EUMV.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.22%	-30.58%	-9.64%
Max Drawdown (1Y) Largest decline over 1 year	-5.88%	-7.79%	+1.91%
Max Drawdown (3Y) Largest decline over 3 years	-12.86%	-12.32%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-22.45%	-20.37%	-2.08%
Max Drawdown (10Y) Largest decline over 10 years	-40.22%	-30.58%	-9.64%
Current Drawdown Current decline from peak	-1.97%	-1.83%	-0.14%
Average Drawdown Average peak-to-trough decline	-5.72%	-5.23%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	2.74%	-0.89%

Volatility

HDEU.L vs. EUMV.L - Volatility Comparison

PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) and Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) have volatilities of 3.12% and 3.26%, 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.

Volatility by Period

	HDEU.L	EUMV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	3.26%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	8.53%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	10.14%	10.22%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.50%	11.83%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.95%	12.37%	+3.58%

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

HDEU.L has a 0.30% expense ratio, which is lower than EUMV.L's 0.45% expense ratio.

Dividends

HDEU.L vs. EUMV.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EUMV.L Ossiam Europe ESG Machine Learning ETF UCITS (EUR)	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

Can I hold both HDEU.L and EUMV.L in my portfolio?

HDEU.L and EUMV.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HDEU.L or EUMV.L?

On fees, HDEU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HDEU.L or EUMV.L?

HDEU.L is cheaper with a 0.30% expense ratio, compared with 0.45% for EUMV.L.

What is the main difference between HDEU.L and EUMV.L?

HDEU.L tracks MSCI EMU NR EUR, while EUMV.L tracks MSCI Europe NR EUR. They also come from different issuers: Invesco and Natixis. Their fees differ too: 0.30% for HDEU.L and 0.45% for EUMV.L.