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

HDEU.L vs. IEFV.L

Last updated Jun 26, 2026

HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) and IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - HDEU.L tracks the MSCI EMU NR EUR while IEFV.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 10 years, HDEU.L returned 9.56%/yr vs 12.22%/yr for IEFV.L. Their correlation of 0.83 suggests significant overlap in exposure. HDEU.L charges 0.30%/yr vs 0.25%/yr for IEFV.L.

Performance

HDEU.L vs. IEFV.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 iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.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 IEFV.L is traded in GBp. To make them comparable, the IEFV.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 12.39% return, which is significantly lower than IEFV.L's 16.18% return. Over the past 10 years, HDEU.L has underperformed IEFV.L with an annualized return of 9.56%, while IEFV.L has yielded a comparatively higher 12.22% annualized return.

HDEU.L

1D
0.86%
1M
0.09%
YTD
12.39%
6M
13.06%
1Y
24.84%
3Y*
22.03%
5Y*
13.18%
10Y*
9.56%

IEFV.L

1D
1.51%
1M
1.53%
YTD
16.18%
6M
16.84%
1Y
37.43%
3Y*
22.62%
5Y*
15.01%
10Y*
12.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
HDEU.L
PowerShares EURO STOXX High Dividend Low Volatility UCITS		12.39%35.86%10.17%13.59%-8.21%21.05%-17.96%17.35%-8.19%10.05%
IEFV.L
iShares Edge MSCI Europe Value Factor UCITS ETF		16.18%34.79%10.49%13.77%-3.76%26.29%-8.97%23.07%-13.74%9.78%

Correlation

The correlation between HDEU.L and IEFV.L 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

0.82

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

0.83

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

0.83

Correlation (All Time)
Calculated using the full available price history since Jan 6, 2016

0.83

The correlation between HDEU.L and IEFV.L has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

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

Sectors
HDEU.L
IEFV.L

Financial Services

37.2%
23.6%

Utilities

12.2%
4.8%

Real Estate

11.3%
0.7%

Basic Materials

9.7%
5.5%

Consumer Cyclical

9.7%
6.5%

Energy

6.5%
5.2%

Communication Services

5.9%
3.6%

Industrials

4.0%
18.8%

Consumer Defensive

3.6%
8.6%

Healthcare

0.0%
13.2%

Technology

-

9.7%

Financial Services

HDEU.L
37.2%
IEFV.L
23.6%

Utilities

HDEU.L
12.2%
IEFV.L
4.8%

Real Estate

HDEU.L
11.3%
IEFV.L
0.7%

Basic Materials

HDEU.L
9.7%
IEFV.L
5.5%

Consumer Cyclical

HDEU.L
9.7%
IEFV.L
6.5%

Energy

HDEU.L
6.5%
IEFV.L
5.2%

Communication Services

HDEU.L
5.9%
IEFV.L
3.6%

Industrials

HDEU.L
4.0%
IEFV.L
18.8%

Consumer Defensive

HDEU.L
3.6%
IEFV.L
8.6%

Healthcare

HDEU.L
0.0%
IEFV.L
13.2%

Technology

HDEU.L

-

IEFV.L
9.7%

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

iShares Edge MSCI Europe Value Factor UCITS ETF

Often compared with HDEU.L:
HDEU.L vs. EUN0.DEHDEU.L vs. GLDHDEU.L vs. VDIV.DEHDEU.L vs. H50E.LHDEU.L vs. ISPA.DEHDEU.L vs. WINC.ASHDEU.L vs. TDIV.AS
Often compared with IEFV.L:
IEFV.L vs. EVAL.LIEFV.L vs. BRK-BIEFV.L vs. NASL.LIEFV.L vs. SMEA.LIEFV.L vs. UC96.LIEFV.L vs. XDAX.LIEFV.L vs. EFV

Return for Risk

HDEU.L vs. IEFV.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: 8383
Overall Rank
HDEU.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
HDEU.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
HDEU.L Omega Ratio Rank: 8585
Omega Ratio Rank
HDEU.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
HDEU.L Martin Ratio Rank: 7979
Martin Ratio Rank
IEFV.L
IEFV.L Risk / Return Rank: 8787
Overall Rank
IEFV.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
IEFV.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
IEFV.L Omega Ratio Rank: 9292
Omega Ratio Rank
IEFV.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
IEFV.L Martin Ratio Rank: 7979
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. IEFV.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 iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.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.

HDEU.LIEFV.LDifference
Sharpe ratioReturn per unit of total volatility
2.42
2.72

-0.31

Sortino ratioReturn per unit of downside risk
3.18
3.74

-0.56

Omega ratioGain probability vs. loss probability

1.44

1.50

-0.05

Calmar ratioReturn relative to maximum drawdown

4.20

3.79

+0.40

Martin ratioReturn relative to average drawdown

13.46

14.11

-0.65

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

The current HDEU.L Sharpe Ratio is 2.42, which is comparable to the IEFV.L Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of HDEU.L and IEFV.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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Drawdowns

HDEU.L vs. IEFV.L - Drawdown Comparison

The maximum HDEU.L drawdown since its inception was -40.22%, roughly equal to the maximum IEFV.L drawdown of -40.78%. Use the drawdown chart below to compare losses from any high point for HDEU.L and IEFV.L.

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Drawdown Indicators

HDEU.LIEFV.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.22%

-40.78%

+0.56%

Max Drawdown (1Y)

Largest decline over 1 year

-5.89%

-9.82%

+3.93%

Max Drawdown (3Y)

Largest decline over 3 years

-12.88%

-16.66%

+3.78%

Max Drawdown (5Y)

Largest decline over 5 years

-22.43%

-19.43%

-3.00%

Max Drawdown (10Y)

Largest decline over 10 years

-40.22%

-40.78%

+0.56%

Current Drawdown

Current decline from peak

-0.54%

0.00%

-0.54%

Average Drawdown

Average peak-to-trough decline

-5.77%

-7.69%

+1.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.84%

2.65%

-0.81%

Volatility

HDEU.L vs. IEFV.L - Volatility Comparison

The current volatility for PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) is 2.63%, while iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) has a volatility of 3.93%. This indicates that HDEU.L experiences smaller price fluctuations and is considered to be less risky than IEFV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HDEU.LIEFV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

3.93%

-1.30%

Volatility (6M)

Calculated over the trailing 6-month period

8.04%

11.21%

-3.17%

Volatility (1Y)

Calculated over the trailing 1-year period

10.28%

13.72%

-3.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.51%

17.46%

-3.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.66%

18.26%

-2.60%

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

HDEU.L has a 0.30% expense ratio, which is higher than IEFV.L's 0.25% expense ratio.

Dividends

HDEU.L vs. IEFV.L - Dividend Comparison

HDEU.L's dividend yield for the trailing twelve months is around 3.74%, while IEFV.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
HDEU.L
PowerShares EURO STOXX High Dividend Low Volatility UCITS		3.74%4.71%5.78%5.56%5.60%4.21%3.04%4.50%4.38%3.44%3.59%
IEFV.L
iShares Edge MSCI Europe Value Factor UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HDEU.L and IEFV.L 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.

On fees, IEFV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEFV.L is cheaper with a 0.25% expense ratio, compared with 0.30% for HDEU.L.

HDEU.L tracks MSCI EMU NR EUR, while IEFV.L tracks MSCI Europe Value NR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for HDEU.L and 0.25% for IEFV.L.

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