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IEMD.L vs. EUHD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEMD.L vs. EUHD.L

Last updated Jul 14, 2026
Documentation

IEMD.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)) and EUHD.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both exchange-traded funds - IEMD.L is a Momentum fund tracking the MSCI Europe Momentum Index, while EUHD.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, IEMD.L returned 11.30%/yr vs 13.31%/yr for EUHD.L. A 0.63 correlation means they provide meaningful diversification when combined. IEMD.L charges 0.25%/yr vs 0.30%/yr for EUHD.L.

Performance

IEMD.L vs. EUHD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) (IEMD.L) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IEMD.L achieves a 8.49% return, which is significantly lower than EUHD.L's 13.95% return.

IEMD.L

1D
-0.10%
1M
-0.80%
6M
3.49%
YTD
8.49%
1Y
18.89%
3Y*
19.96%
5Y*
11.30%
10Y*
—

EUHD.L

1D
0.35%
1M
1.25%
6M
11.99%
YTD
13.95%
1Y
24.29%
3Y*
21.52%
5Y*
13.31%
10Y*
8.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEMD.L vs. EUHD.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IEMD.L
iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)		8.49%26.42%20.07%12.94%-14.42%22.26%11.33%29.99%-9.11%
EUHD.L
PowerShares EURO STOXX High Dividend Low Volatility UCITS		13.95%35.43%10.31%13.74%-8.27%20.67%-18.10%18.62%-8.09%

Correlation

The correlation between IEMD.L and EUHD.L is 0.55, 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

0.55

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

0.62

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

0.65

Correlation (All Time)
Calculated using the full available price history since Feb 23, 2018

0.63

The correlation between IEMD.L and EUHD.L has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.

IEMD.L vs. EUHD.L - Sectors Allocation Comparison

Sectors
IEMD.L
EUHD.L

Financial Services

22.8%
48.2%

Healthcare

16.2%
0.0%

Industrials

13.5%
1.7%

Technology

12.2%

-

Energy

11.0%
4.0%

Utilities

10.7%
10.9%

Basic Materials

7.1%
5.7%

Communication Services

2.7%
7.6%

Consumer Defensive

2.6%
4.8%

Real Estate

0.3%
8.9%

Consumer Cyclical

0.3%
8.1%

Financial Services

IEMD.L
22.8%
EUHD.L
48.2%

Healthcare

IEMD.L
16.2%
EUHD.L
0.0%

Industrials

IEMD.L
13.5%
EUHD.L
1.7%

Technology

IEMD.L
12.2%
EUHD.L

-

Energy

IEMD.L
11.0%
EUHD.L
4.0%

Utilities

IEMD.L
10.7%
EUHD.L
10.9%

Basic Materials

IEMD.L
7.1%
EUHD.L
5.7%

Communication Services

IEMD.L
2.7%
EUHD.L
7.6%

Consumer Defensive

IEMD.L
2.6%
EUHD.L
4.8%

Real Estate

IEMD.L
0.3%
EUHD.L
8.9%

Consumer Cyclical

IEMD.L
0.3%
EUHD.L
8.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)

PowerShares EURO STOXX High Dividend Low Volatility UCITS

Often compared with IEMD.L:
IEMD.L vs. CEMR.DEIEMD.L vs. EIMI.LIEMD.L vs. ZPDX.DEIEMD.L vs. URTHIEMD.L vs. IVVIEMD.L vs. VOOIEMD.L vs. IWMO.L
Often compared with EUHD.L:
EUHD.L vs. LDEG.LEUHD.L vs. XDAX.LEUHD.L vs. HDEM.LEUHD.L vs. H50E.LEUHD.L vs. SCHDEUHD.L vs. MVOL.LEUHD.L vs. TDGB.L

Return for Risk

IEMD.L vs. EUHD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEMD.L
IEMD.L Risk / Return Rank: 4141
Overall Rank
IEMD.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
IEMD.L Sortino Ratio Rank: 4141
Sortino Ratio Rank
IEMD.L Omega Ratio Rank: 3939
Omega Ratio Rank
IEMD.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
IEMD.L Martin Ratio Rank: 4747
Martin Ratio Rank
EUHD.L
EUHD.L Risk / Return Rank: 7676
Overall Rank
EUHD.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
EUHD.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
EUHD.L Omega Ratio Rank: 7777
Omega Ratio Rank
EUHD.L Calmar Ratio Rank: 7575
Calmar Ratio Rank
EUHD.L Martin Ratio Rank: 7373
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.

IEMD.L vs. EUHD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) (IEMD.L) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.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.

IEMD.LEUHD.LDifference
Sharpe ratioReturn per unit of total volatility
1.11
2.20

-1.08

Sortino ratioReturn per unit of downside risk
1.69
2.90

-1.20

Omega ratioGain probability vs. loss probability

1.21

1.40

-0.19

Calmar ratioReturn relative to maximum drawdown

1.63

3.91

-2.28

Martin ratioReturn relative to average drawdown

6.13

12.96

-6.82

IEMD.L vs. EUHD.L - Sharpe Ratio Comparison

The current IEMD.L Sharpe Ratio is 1.11, which is lower than the EUHD.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of IEMD.L and EUHD.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

IEMD.L vs. EUHD.L - Drawdown Comparison

The maximum IEMD.L drawdown since its inception was -30.73%, smaller than the maximum EUHD.L drawdown of -40.29%. Use the drawdown chart below to compare losses from any high point for IEMD.L and EUHD.L.

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Drawdown Indicators

IEMD.LEUHD.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.73%

-40.29%

+9.56%

Max Drawdown (1Y)

Largest decline over 1 year

-11.53%

-6.19%

-5.34%

Max Drawdown (3Y)

Largest decline over 3 years

-15.69%

-12.22%

-3.47%

Max Drawdown (5Y)

Largest decline over 5 years

-23.60%

-22.58%

-1.02%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.29%

—

Current Drawdown

Current decline from peak

-2.44%

0.00%

-2.44%

Average Drawdown

Average peak-to-trough decline

-5.77%

-5.72%

-0.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.07%

1.87%

+1.20%

Volatility

IEMD.L vs. EUHD.L - Volatility Comparison

iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) (IEMD.L) has a higher volatility of 4.36% compared to PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L) at 2.80%. This indicates that IEMD.L's price experiences larger fluctuations and is considered to be riskier than EUHD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEMD.LEUHD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

2.80%

+1.56%

Volatility (6M)

Calculated over the trailing 6-month period

14.60%

8.92%

+5.68%

Volatility (1Y)

Calculated over the trailing 1-year period

16.93%

11.04%

+5.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.17%

13.59%

+2.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.84%

15.47%

+1.37%

IEMD.L vs. EUHD.L - Expense Ratio Comparison

IEMD.L has a 0.25% expense ratio, which is lower than EUHD.L's 0.30% expense ratio.

Dividends

IEMD.L vs. EUHD.L - Dividend Comparison

IEMD.L's dividend yield for the trailing twelve months is around 2.03%, less than EUHD.L's 3.75% yield.

PositionTTM2025202420232022202120202019201820172016
EUHD.L
PowerShares EURO STOXX High Dividend Low Volatility UCITS		3.75%4.61%5.86%5.50%5.43%4.28%3.06%4.66%4.33%3.41%3.51%
IEMD.L
iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)		2.03%1.83%2.46%3.03%3.06%2.05%1.57%2.25%2.90%0.00%0.00%

Frequently Asked Questions

IEMD.L and EUHD.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IEMD.L is cheaper with a 0.25% expense ratio, compared with 0.30% for EUHD.L.

IEMD.L is categorized as Momentum, while EUHD.L is Europe Equities. IEMD.L tracks MSCI Europe Momentum Index, while EUHD.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IEMD.L and 0.30% for EUHD.L.

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