IEUR vs. EUDV

Last updated Jun 24, 2026

IEUR (iShares Core MSCI Europe ETF) and EUDV (ProShares MSCI Europe Dividend Growers ETF) are both Europe Equities funds - IEUR tracks the MSCI Europe Investable Market Index while EUDV tracks the MSCI Europe Dividend Masters Index. Both are passively managed. Over the past 10 years, IEUR returned 10.23%/yr vs 5.53%/yr for EUDV. Their correlation of 0.82 suggests significant overlap in exposure. IEUR charges 0.09%/yr vs 0.55%/yr for EUDV.

Performance

IEUR vs. EUDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI Europe ETF (IEUR) and ProShares MSCI Europe Dividend Growers ETF (EUDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEUR achieves a 6.23% return, which is significantly higher than EUDV's 0.21% return. Over the past 10 years, IEUR has outperformed EUDV with an annualized return of 10.23%, while EUDV has yielded a comparatively lower 5.53% annualized return.

IEUR

• 1D: -1.07%
• 1M: -0.12%
• YTD: 6.23%
• 6M: 6.35%
• 1Y: 18.45%
• 3Y*: 16.54%
• 5Y*: 8.37%
• 10Y*: 10.23%

EUDV

• 1D: -0.40%
• 1M: -2.70%
• YTD: 0.21%
• 6M: 0.08%
• 1Y: -1.24%
• 3Y*: 7.37%
• 5Y*: 1.81%
• 10Y*: 5.53%

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

IEUR vs. EUDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEUR iShares Core MSCI Europe ETF	6.23%	35.67%	1.40%	19.71%	-15.90%	16.71%	5.31%	24.95%	-14.86%	26.70%
EUDV ProShares MSCI Europe Dividend Growers ETF	0.21%	14.05%	0.03%	20.41%	-24.87%	19.56%	5.81%	25.89%	-11.12%	21.57%

Correlation

The correlation between IEUR and EUDV is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015	0.82

The correlation between IEUR and EUDV has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

IEUR vs. EUDV - Sectors Allocation Comparison

Sectors	IEUR	EUDV
Financial Services	22.5%	13.6%
Industrials	20.3%	20.5%
Healthcare	12.5%	16.5%
Technology	9.4%	12.1%
Consumer Defensive	7.7%	11.0%
Consumer Cyclical	7.0%	-
Basic Materials	5.8%	11.2%
Energy	4.9%	2.2%
Utilities	4.4%	8.9%
Communication Services	3.9%	4.1%
Real Estate	1.5%	2.0%

Return for Risk

IEUR vs. EUDV — Risk / Return Rank

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

IEUR

IEUR Risk / Return Rank: 34
IEUR Sharpe Ratio Rank: 34
IEUR Sortino Ratio Rank: 34
IEUR Omega Ratio Rank: 33
IEUR Calmar Ratio Rank: 32
IEUR Martin Ratio Rank: 38

EUDV

EUDV Risk / Return Rank: 8
EUDV Sharpe Ratio Rank: 8
EUDV Sortino Ratio Rank: 7
EUDV Omega Ratio Rank: 7
EUDV Calmar Ratio Rank: 8
EUDV Martin Ratio Rank: 7

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.

IEUR vs. EUDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and ProShares MSCI Europe Dividend Growers ETF (EUDV). 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.

	IEUR	EUDV	Difference
Sharpe ratio: Return per unit of total volatility	1.18	-0.09	+1.27
Sortino ratio: Return per unit of downside risk	1.75	-0.03	+1.78
Omega ratio: Gain probability vs. loss probability	1.21	1.00	+0.22
Calmar ratio: Return relative to maximum drawdown	1.54	-0.12	+1.66
Martin ratio: Return relative to average drawdown	5.77	-0.31	+6.08

IEUR vs. EUDV - Sharpe Ratio Comparison

The current IEUR Sharpe Ratio is 1.18, which is higher than the EUDV Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of IEUR and EUDV, 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

IEUR vs. EUDV - Drawdown Comparison

The maximum IEUR drawdown since its inception was -36.96%, roughly equal to the maximum EUDV drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for IEUR and EUDV.

Drawdown Indicators

	IEUR	EUDV	Difference
Max Drawdown Largest peak-to-trough decline	-36.96%	-37.51%	+0.55%
Max Drawdown (1Y) Largest decline over 1 year	-12.04%	-10.63%	-1.41%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	-13.69%	-0.56%
Max Drawdown (5Y) Largest decline over 5 years	-32.75%	-37.51%	+4.76%
Max Drawdown (10Y) Largest decline over 10 years	-36.96%	-37.51%	+0.55%
Current Drawdown Current decline from peak	-1.77%	-5.62%	+3.85%
Average Drawdown Average peak-to-trough decline	-8.19%	-8.58%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	3.97%	-0.76%

Volatility

IEUR vs. EUDV - Volatility Comparison

iShares Core MSCI Europe ETF (IEUR) has a higher volatility of 4.86% compared to ProShares MSCI Europe Dividend Growers ETF (EUDV) at 3.91%. This indicates that IEUR's price experiences larger fluctuations and is considered to be riskier than EUDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEUR	EUDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	3.91%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	11.49%	+1.82%
Volatility (1Y) Calculated over the trailing 1-year period	15.72%	14.19%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	16.18%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	17.17%	+1.13%

IEUR vs. EUDV - Expense Ratio Comparison

IEUR has a 0.09% expense ratio, which is lower than EUDV's 0.55% expense ratio.

Dividends

IEUR vs. EUDV - Dividend Comparison

IEUR's dividend yield for the trailing twelve months is around 3.24%, more than EUDV's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV ProShares MSCI Europe Dividend Growers ETF	1.73%	1.74%	1.92%	1.87%	1.77%	2.30%	1.27%	2.20%	2.22%	2.33%	2.53%	0.37%
IEUR iShares Core MSCI Europe ETF	3.24%	2.97%	3.54%	3.17%	3.05%	2.88%	2.13%	3.26%	3.76%	2.64%	3.19%	2.79%

Frequently Asked Questions

Can I hold both IEUR and EUDV in my portfolio?

IEUR and EUDV have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IEUR or EUDV?

IEUR has higher volatility (4.86%) compared to EUDV (3.91%). In terms of maximum drawdown, IEUR dropped -36.96% vs EUDV's -37.51%.

Which ETF is better, IEUR or EUDV?

On 10-year performance, IEUR leads with 10.23% vs 5.53% for EUDV. On fees, IEUR is cheaper at 0.09% per year. On volatility, EUDV has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IEUR or EUDV?

Over the 10-year period, IEUR has performed better with a 10.23% return vs 5.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IEUR or EUDV?

IEUR is cheaper with a 0.09% expense ratio, compared with 0.55% for EUDV.

Which ETF pays a higher dividend yield, IEUR or EUDV?

IEUR has the higher dividend yield at 3.24%, compared with 1.73% for EUDV.

What is the main difference between IEUR and EUDV?

IEUR tracks MSCI Europe Investable Market Index, while EUDV tracks MSCI Europe Dividend Masters Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.09% for IEUR and 0.55% for EUDV.

Which has better risk-adjusted returns?

IEUR currently has the higher Sharpe Ratio (1.18 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.