IDVY.AS vs. EWP
IDVY.AS (iShares Euro Dividend UCITS ETF) and EWP (iShares MSCI Spain ETF) are both Europe Equities funds from iShares - IDVY.AS tracks the MSCI EMU NR EUR while EWP tracks the MSCI Spain Index. Both are passively managed. Over the past 10 years, IDVY.AS returned 7.33%/yr vs 11.22%/yr for EWP. A 0.63 correlation means they provide meaningful diversification when combined. IDVY.AS charges 0.40%/yr vs 0.50%/yr for EWP.
Performance
IDVY.AS vs. EWP - Performance Comparison
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Different Trading Currencies
IDVY.AS is traded in EUR, while EWP is traded in USD. To make them comparable, the EWP values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDVY.AS achieves a 8.21% return, which is significantly higher than EWP's 7.04% return. Over the past 10 years, IDVY.AS has underperformed EWP with an annualized return of 7.33%, while EWP has yielded a comparatively higher 11.22% annualized return.
IDVY.AS
- 1D
- 0.33%
- 1M
- 2.29%
- YTD
- 8.21%
- 6M
- 10.99%
- 1Y
- 20.66%
- 3Y*
- 20.03%
- 5Y*
- 9.08%
- 10Y*
- 7.33%
EWP
- 1D
- -0.34%
- 1M
- 1.16%
- YTD
- 7.04%
- 6M
- 10.81%
- 1Y
- 31.51%
- 3Y*
- 27.83%
- 5Y*
- 18.02%
- 10Y*
- 11.22%
IDVY.AS vs. EWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDVY.AS iShares Euro Dividend UCITS ETF | 8.21% | 41.92% | 8.62% | 4.42% | -13.82% | 24.39% | -17.87% | 20.43% | -10.28% | 9.96% |
EWP iShares MSCI Spain ETF | 7.04% | 56.90% | 12.68% | 26.35% | 0.70% | 7.75% | -11.86% | 14.46% | -11.35% | 11.38% |
Correlation
The correlation between IDVY.AS and EWP is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007 | 0.63 |
The correlation between IDVY.AS and EWP has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.
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Return for Risk
IDVY.AS vs. EWP — Risk / Return Rank
IDVY.AS
EWP
IDVY.AS vs. EWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Dividend UCITS ETF (IDVY.AS) and iShares MSCI Spain ETF (EWP). 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.
| IDVY.AS | EWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.32 | -0.70 |
| Martin ratioReturn relative to average drawdown | 8.13 | 12.40 | -4.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IDVY.AS | EWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.90 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.05 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.55 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.20 | +0.03 |
Drawdowns
IDVY.AS vs. EWP - Drawdown Comparison
The maximum IDVY.AS drawdown since its inception was -71.33%, which is greater than EWP's maximum drawdown of -54.88%. Use the drawdown chart below to compare losses from any high point for IDVY.AS and EWP.
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Drawdown Indicators
| IDVY.AS | EWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.33% | -54.88% | -16.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -9.54% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -12.81% | -13.29% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -24.57% | -17.81% | -6.76% |
Max Drawdown (10Y)Largest decline over 10 years | -42.34% | -42.07% | -0.27% |
Current DrawdownCurrent decline from peak | -1.42% | -1.16% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -16.44% | -6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.56% | +0.01% |
Volatility
IDVY.AS vs. EWP - Volatility Comparison
The current volatility for iShares Euro Dividend UCITS ETF (IDVY.AS) is 3.54%, while iShares MSCI Spain ETF (EWP) has a volatility of 4.15%. This indicates that IDVY.AS experiences smaller price fluctuations and is considered to be less risky than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDVY.AS | EWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 4.15% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 13.94% | -4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 16.73% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 17.22% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 20.43% | -3.17% |
IDVY.AS vs. EWP - Expense Ratio Comparison
IDVY.AS has a 0.40% expense ratio, which is lower than EWP's 0.50% expense ratio.
Dividends
IDVY.AS vs. EWP - Dividend Comparison
IDVY.AS's dividend yield for the trailing twelve months is around 3.99%, more than EWP's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 2.16% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
IDVY.AS iShares Euro Dividend UCITS ETF | 3.99% | 4.36% | 5.85% | 5.84% | 5.28% | 3.68% | 3.57% | 4.84% | 4.76% | 3.91% | 3.97% | 4.00% |
Frequently Asked Questions
IDVY.AS and EWP have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDVY.AS is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDVY.AS is cheaper with a 0.40% expense ratio, compared with 0.50% for EWP.
IDVY.AS tracks MSCI EMU NR EUR, while EWP tracks MSCI Spain Index. Their fees differ too: 0.40% for IDVY.AS and 0.50% for EWP.
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