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

IDVY.L vs. HDEU.L

Last updated Jun 5, 2026

IDVY.L (iShares EURO Dividend UCITS) and HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both Europe Equities funds tracking the MSCI EMU NR EUR, from iShares and Invesco respectively. Both are passively managed. Over the past 10 years, IDVY.L returned 9.21%/yr vs 9.21%/yr for HDEU.L. Their correlation of 0.86 suggests significant overlap in exposure. IDVY.L charges 0.40%/yr vs 0.30%/yr for HDEU.L.

Performance

IDVY.L vs. HDEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares EURO Dividend UCITS (IDVY.L) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IDVY.L is traded in GBp, while HDEU.L is traded in EUR. To make them comparable, the HDEU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IDVY.L achieves a 7.47% return, which is significantly lower than HDEU.L's 9.45% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: IDVY.L at 9.21% and HDEU.L at 9.21%.

IDVY.L

1D
0.59%
1M
3.64%
YTD
7.47%
6M
10.08%
1Y
25.25%
3Y*
21.28%
5Y*
10.17%
10Y*
9.21%

HDEU.L

1D
-0.17%
1M
0.90%
YTD
9.45%
6M
11.03%
1Y
24.34%
3Y*
20.33%
5Y*
12.89%
10Y*
9.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IDVY.L
iShares EURO Dividend UCITS		7.47%50.03%4.50%3.07%-7.25%16.41%-12.91%15.92%-9.44%14.46%
HDEU.L
PowerShares EURO STOXX High Dividend Low Volatility UCITS		9.45%43.14%5.17%11.31%-3.49%13.90%-13.33%10.68%-7.27%14.71%

Correlation

The correlation between IDVY.L and HDEU.L is 0.80, 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

0.80

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

0.88

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

0.89

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

0.87

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

0.86

The correlation between IDVY.L and HDEU.L has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

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

Sectors
IDVY.L
HDEU.L

Financial Services

47.1%
35.6%

Industrials

15.9%
3.7%

Consumer Cyclical

9.7%
10.2%

Utilities

8.6%
12.1%

Communication Services

5.8%
6.3%

Energy

5.0%
6.9%

Consumer Defensive

4.5%
3.7%

Healthcare

3.3%
0.0%

Basic Materials

-

9.9%

Real Estate

-

11.5%

Technology

-

-

Financial Services

IDVY.L
47.1%
HDEU.L
35.6%

Industrials

IDVY.L
15.9%
HDEU.L
3.7%

Consumer Cyclical

IDVY.L
9.7%
HDEU.L
10.2%

Utilities

IDVY.L
8.6%
HDEU.L
12.1%

Communication Services

IDVY.L
5.8%
HDEU.L
6.3%

Energy

IDVY.L
5.0%
HDEU.L
6.9%

Consumer Defensive

IDVY.L
4.5%
HDEU.L
3.7%

Healthcare

IDVY.L
3.3%
HDEU.L
0.0%

Basic Materials

IDVY.L

-

HDEU.L
9.9%

Real Estate

IDVY.L

-

HDEU.L
11.5%

Technology

IDVY.L

-

HDEU.L

-

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iShares EURO Dividend UCITS

PowerShares EURO STOXX High Dividend Low Volatility UCITS

Often compared with IDVY.L:
IDVY.L vs. EUDI.LIDVY.L vs. IUKD.LIDVY.L vs. CSX5.LIDVY.L vs. DGROIDVY.L vs. FEV.LIDVY.L vs. FLXD.LIDVY.L vs. DVY
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. EUNK.DE

Return for Risk

IDVY.L vs. HDEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDVY.L
IDVY.L Risk / Return Rank: 6161
Overall Rank
IDVY.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IDVY.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
IDVY.L Omega Ratio Rank: 6666
Omega Ratio Rank
IDVY.L Calmar Ratio Rank: 5858
Calmar Ratio Rank
IDVY.L Martin Ratio Rank: 5757
Martin Ratio Rank
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
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.

IDVY.L vs. HDEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EURO Dividend UCITS (IDVY.L) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.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.

IDVY.LHDEU.LDifference
Sharpe ratioReturn per unit of total volatility
2.10
2.30

-0.20

Sortino ratioReturn per unit of downside risk
2.86
3.07

-0.21

Omega ratioGain probability vs. loss probability

1.39

1.43

-0.03

Calmar ratioReturn relative to maximum drawdown

2.82

3.38

-0.57

Martin ratioReturn relative to average drawdown

9.79

11.58

-1.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IDVY.L Sharpe Ratio is 2.10, which is comparable to the HDEU.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of IDVY.L and HDEU.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

IDVY.LHDEU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.10

2.30

-0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.92

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.58

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.60

-0.18

Drawdowns

IDVY.L vs. HDEU.L - Drawdown Comparison

The maximum IDVY.L drawdown since its inception was -60.84%, which is greater than HDEU.L's maximum drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for IDVY.L and HDEU.L.

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Drawdown Indicators

IDVY.LHDEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-60.84%

-35.89%

-24.95%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-7.16%

-1.76%

Max Drawdown (3Y)

Largest decline over 3 years

-10.50%

-11.63%

+1.13%

Max Drawdown (5Y)

Largest decline over 5 years

-20.95%

-19.85%

-1.10%

Max Drawdown (10Y)

Largest decline over 10 years

-39.08%

-35.89%

-3.19%

Current Drawdown

Current decline from peak

-0.98%

-2.02%

+1.04%

Average Drawdown

Average peak-to-trough decline

-12.30%

-5.39%

-6.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.57%

2.10%

+0.47%

Volatility

IDVY.L vs. HDEU.L - Volatility Comparison

iShares EURO Dividend UCITS (IDVY.L) has a higher volatility of 3.50% compared to PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) at 3.24%. This indicates that IDVY.L's price experiences larger fluctuations and is considered to be riskier than HDEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDVY.LHDEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.50%

3.24%

+0.26%

Volatility (6M)

Calculated over the trailing 6-month period

9.53%

8.18%

+1.35%

Volatility (1Y)

Calculated over the trailing 1-year period

11.94%

10.52%

+1.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.36%

13.95%

+1.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.39%

16.05%

+1.34%

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

IDVY.L has a 0.40% expense ratio, which is higher than HDEU.L's 0.30% expense ratio.

Dividends

IDVY.L vs. HDEU.L - Dividend Comparison

IDVY.L's dividend yield for the trailing twelve months is around 4.61%, more than HDEU.L's 3.98% 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%
IDVY.L
iShares EURO Dividend UCITS		4.61%5.00%7.04%6.70%5.92%4.40%3.97%5.68%5.34%4.40%4.63%10.91%

Frequently Asked Questions

IDVY.L and HDEU.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

HDEU.L is cheaper with a 0.30% expense ratio, compared with 0.40% for IDVY.L.

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for IDVY.L and 0.30% for HDEU.L.

Portfolio Optimizer

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