IDV vs. UTIL.L

Last updated Jun 13, 2026

IDV (iShares International Select Dividend ETF) and UTIL.L (SPDR MSCI Europe Utilities UCITS ETF) are both exchange-traded funds - IDV is a Global Equities fund tracking the Dow Jones EPAC Select Dividend, while UTIL.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD. Both are passively managed. Over the past 10 years, IDV returned 10.92%/yr vs 11.78%/yr for UTIL.L. A 0.56 correlation means they provide meaningful diversification when combined. IDV charges 0.49%/yr vs 0.18%/yr for UTIL.L.

Performance

IDV vs. UTIL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Select Dividend ETF (IDV) and SPDR MSCI Europe Utilities UCITS ETF (UTIL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IDV is traded in USD, while UTIL.L is traded in EUR. To make them comparable, the UTIL.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with IDV having a 13.60% return and UTIL.L slightly higher at 13.81%. Over the past 10 years, IDV has underperformed UTIL.L with an annualized return of 10.92%, while UTIL.L has yielded a comparatively higher 11.78% annualized return.

IDV

• 1D: 0.31%
• 1M: -0.71%
• YTD: 13.60%
• 6M: 15.83%
• 1Y: 35.03%
• 3Y*: 25.11%
• 5Y*: 12.17%
• 10Y*: 10.92%

UTIL.L

• 1D: 0.13%
• 1M: -0.62%
• YTD: 13.81%
• 6M: 16.75%
• 1Y: 27.99%
• 3Y*: 20.12%
• 5Y*: 11.14%
• 10Y*: 11.78%

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

IDV vs. UTIL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDV iShares International Select Dividend ETF	13.60%	52.16%	4.00%	10.32%	-6.40%	12.00%	-5.94%	23.56%	-10.37%	19.74%
UTIL.L SPDR MSCI Europe Utilities UCITS ETF	13.81%	51.98%	-4.93%	16.67%	-12.37%	0.89%	21.72%	26.80%	-1.46%	24.75%

Correlation

The correlation between IDV and UTIL.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014	0.56

The correlation between IDV and UTIL.L has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.

IDV vs. UTIL.L - Sectors Allocation Comparison

Sectors	IDV	UTIL.L
Financial Services	30.1%	-
Energy	15.6%	-
Utilities	11.8%	95.4%
Communication Services	10.0%	-
Consumer Cyclical	9.6%	-
Consumer Defensive	7.2%	-
Industrials	6.7%	4.6%
Basic Materials	5.8%	-
Real Estate	2.4%	-
Technology	0.9%	-
Healthcare	-	-

Return for Risk

IDV vs. UTIL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDV

IDV Risk / Return Rank: 88
IDV Sharpe Ratio Rank: 91
IDV Sortino Ratio Rank: 88
IDV Omega Ratio Rank: 89
IDV Calmar Ratio Rank: 85
IDV Martin Ratio Rank: 85

UTIL.L

UTIL.L Risk / Return Rank: 67
UTIL.L Sharpe Ratio Rank: 65
UTIL.L Sortino Ratio Rank: 59
UTIL.L Omega Ratio Rank: 64
UTIL.L Calmar Ratio Rank: 82
UTIL.L Martin Ratio Rank: 65

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.

IDV vs. UTIL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Select Dividend ETF (IDV) and SPDR MSCI Europe Utilities UCITS ETF (UTIL.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.

	IDV	UTIL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.69	1.68	+1.02
Sortino ratio: Return per unit of downside risk	3.52	2.18	+1.34
Omega ratio: Gain probability vs. loss probability	1.49	1.30	+0.19
Calmar ratio: Return relative to maximum drawdown	4.13	3.10	+1.03
Martin ratio: Return relative to average drawdown	15.32	8.56	+6.76

IDV vs. UTIL.L - Sharpe Ratio Comparison

The current IDV Sharpe Ratio is 2.69, which is higher than the UTIL.L Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of IDV and UTIL.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.

Drawdowns

IDV vs. UTIL.L - Drawdown Comparison

The maximum IDV drawdown since its inception was -70.14%, which is greater than UTIL.L's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for IDV and UTIL.L.

Drawdown Indicators

	IDV	UTIL.L	Difference
Max Drawdown Largest peak-to-trough decline	-70.14%	-35.43%	-34.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-8.98%	+0.46%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-17.76%	+5.90%
Max Drawdown (5Y) Largest decline over 5 years	-29.19%	-33.85%	+4.66%
Max Drawdown (10Y) Largest decline over 10 years	-42.50%	-35.43%	-7.07%
Current Drawdown Current decline from peak	-1.70%	-4.16%	+2.46%
Average Drawdown Average peak-to-trough decline	-15.38%	-8.23%	-7.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	3.26%	-0.96%

Volatility

IDV vs. UTIL.L - Volatility Comparison

The current volatility for iShares International Select Dividend ETF (IDV) is 4.24%, while SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) has a volatility of 5.89%. This indicates that IDV experiences smaller price fluctuations and is considered to be less risky than UTIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDV	UTIL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	5.89%	-1.65%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	14.06%	-3.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	16.69%	-3.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.58%	19.10%	-3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	19.55%	-1.63%

IDV vs. UTIL.L - Expense Ratio Comparison

IDV has a 0.49% expense ratio, which is higher than UTIL.L's 0.18% expense ratio.

Dividends

IDV vs. UTIL.L - Dividend Comparison

IDV's dividend yield for the trailing twelve months is around 4.40%, while UTIL.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDV iShares International Select Dividend ETF	4.40%	4.94%	6.46%	6.51%	7.33%	5.78%	5.47%	5.15%	5.93%	4.52%	4.69%	5.08%
UTIL.L SPDR MSCI Europe Utilities UCITS ETF	0.00%	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

Can I hold both IDV and UTIL.L in my portfolio?

IDV and UTIL.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDV or UTIL.L?

On fees, UTIL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDV or UTIL.L?

UTIL.L is cheaper with a 0.18% expense ratio, compared with 0.49% for IDV.

What is the main difference between IDV and UTIL.L?

IDV is categorized as Global Equities, while UTIL.L is Utilities Equities. IDV tracks Dow Jones EPAC Select Dividend, while UTIL.L tracks MSCI World/Utilities NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.49% for IDV and 0.18% for UTIL.L.