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HDEU.L vs. XD3E.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HDEU.L vs. XD3E.L

Last updated Jun 5, 2026

HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) and XD3E.L (Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D) are both Europe Equities funds tracking the MSCI EMU NR EUR, from Invesco and Xtrackers respectively. Both are passively managed. Over the past 10 years, HDEU.L returned 8.16%/yr vs 4.60%/yr for XD3E.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

HDEU.L vs. XD3E.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 Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D (XD3E.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 XD3E.L is traded in GBp. To make them comparable, the XD3E.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 XD3E.L's 8.38% return. Over the past 10 years, HDEU.L has outperformed XD3E.L with an annualized return of 8.16%, while XD3E.L has yielded a comparatively lower 4.60% 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%

XD3E.L

1D
-0.02%
1M
1.03%
YTD
8.38%
6M
10.68%
1Y
13.53%
3Y*
13.43%
5Y*
7.01%
10Y*
4.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HDEU.L vs. XD3E.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
XD3E.L
Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D		8.38%25.80%5.32%12.09%-13.22%12.22%-15.11%19.11%-16.77%7.42%

Correlation

The correlation between HDEU.L and XD3E.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

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

0.83

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

0.79

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

0.61

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2016

0.61

Over the past year, HDEU.L and XD3E.L have become more correlated (0.82) than their long-term average of 0.61, meaning their price movements have been converging.

HDEU.L vs. XD3E.L - Sectors Allocation Comparison

Sectors
HDEU.L
XD3E.L

Financial Services

35.6%
30.2%

Utilities

12.1%
7.9%

Real Estate

11.5%
3.5%

Consumer Cyclical

10.2%
13.7%

Basic Materials

9.9%
7.5%

Energy

6.9%
14.8%

Communication Services

6.3%
0.0%

Industrials

3.7%
8.1%

Consumer Defensive

3.7%
8.4%

Healthcare

0.0%
4.3%

Technology

-

1.7%

Financial Services

HDEU.L
35.6%
XD3E.L
30.2%

Utilities

HDEU.L
12.1%
XD3E.L
7.9%

Real Estate

HDEU.L
11.5%
XD3E.L
3.5%

Consumer Cyclical

HDEU.L
10.2%
XD3E.L
13.7%

Basic Materials

HDEU.L
9.9%
XD3E.L
7.5%

Energy

HDEU.L
6.9%
XD3E.L
14.8%

Communication Services

HDEU.L
6.3%
XD3E.L
0.0%

Industrials

HDEU.L
3.7%
XD3E.L
8.1%

Consumer Defensive

HDEU.L
3.7%
XD3E.L
8.4%

Healthcare

HDEU.L
0.0%
XD3E.L
4.3%

Technology

HDEU.L

-

XD3E.L
1.7%

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

Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D

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. TDIV.AS
Often compared with XD3E.L:
XD3E.L vs. SCHDXD3E.L vs. CNX1.LXD3E.L vs. MWRD.LXD3E.L vs. LDEG.LXD3E.L vs. FDDXD3E.L vs. VUSA.LXD3E.L vs. XSTC.L

Return for Risk

HDEU.L vs. XD3E.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
XD3E.L
XD3E.L Risk / Return Rank: 3939
Overall Rank
XD3E.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
XD3E.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
XD3E.L Omega Ratio Rank: 4343
Omega Ratio Rank
XD3E.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
XD3E.L Martin Ratio Rank: 3535
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. XD3E.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 Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D (XD3E.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.LXD3E.LDifference
Sharpe ratioReturn per unit of total volatility
2.07
1.22

+0.85

Sortino ratioReturn per unit of downside risk
2.74
1.63

+1.11

Omega ratioGain probability vs. loss probability

1.38

1.23

+0.15

Calmar ratioReturn relative to maximum drawdown

3.57

1.75

+1.82

Martin ratioReturn relative to average drawdown

11.36

4.22

+7.13

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. XD3E.L - Sharpe Ratio Comparison

The current HDEU.L Sharpe Ratio is 2.07, which is higher than the XD3E.L Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of HDEU.L and XD3E.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.LXD3E.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.07

1.22

+0.85

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.51

+0.43

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

0.34

+0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

-0.04

+0.54

Drawdowns

HDEU.L vs. XD3E.L - Drawdown Comparison

The maximum HDEU.L drawdown since its inception was -40.22%, smaller than the maximum XD3E.L drawdown of -70.82%. Use the drawdown chart below to compare losses from any high point for HDEU.L and XD3E.L.

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Drawdown Indicators

HDEU.LXD3E.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.22%

-70.82%

+30.60%

Max Drawdown (1Y)

Largest decline over 1 year

-5.88%

-7.85%

+1.97%

Max Drawdown (3Y)

Largest decline over 3 years

-12.86%

-14.40%

+1.54%

Max Drawdown (5Y)

Largest decline over 5 years

-22.45%

-27.48%

+5.03%

Max Drawdown (10Y)

Largest decline over 10 years

-40.22%

-37.57%

-2.65%

Current Drawdown

Current decline from peak

-1.97%

-13.61%

+11.64%

Average Drawdown

Average peak-to-trough decline

-5.72%

-41.28%

+35.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.85%

3.25%

-1.40%

Volatility

HDEU.L vs. XD3E.L - Volatility Comparison

PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) has a higher volatility of 3.12% compared to Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D (XD3E.L) at 2.97%. This indicates that HDEU.L's price experiences larger fluctuations and is considered to be riskier than XD3E.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.LXD3E.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.12%

2.97%

+0.15%

Volatility (6M)

Calculated over the trailing 6-month period

7.85%

8.31%

-0.46%

Volatility (1Y)

Calculated over the trailing 1-year period

10.14%

11.22%

-1.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.50%

15.89%

-2.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.95%

19.95%

-4.00%

HDEU.L vs. XD3E.L - Expense Ratio Comparison

Both HDEU.L and XD3E.L have an expense ratio of 0.30%.

Dividends

HDEU.L vs. XD3E.L - Dividend Comparison

HDEU.L's dividend yield for the trailing twelve months is around 3.98%, more than XD3E.L's 0.05% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
XD3E.L
Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D		0.05%0.05%0.06%0.04%0.04%0.06%0.06%0.02%0.04%0.03%0.03%0.00%

Frequently Asked Questions

HDEU.L and XD3E.L have a correlation of 0.82, 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 XD3E.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 Xtrackers.

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