ISEU.L vs. EUHD.L

Last updated Jul 16, 2026

ISEU.L (iShares MSCI Europe UCITS Dist) and EUHD.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both Europe Equities funds - ISEU.L tracks the MSCI Europe NR EUR while EUHD.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, ISEU.L returned 10.91%/yr vs 9.33%/yr for EUHD.L. A 0.79 correlation means they provide meaningful diversification when combined. ISEU.L charges 1.00%/yr vs 0.30%/yr for EUHD.L.

Performance

ISEU.L vs. EUHD.L - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ISEU.L achieves a 8.22% return, which is significantly lower than EUHD.L's 11.75% return. Over the past 10 years, ISEU.L has outperformed EUHD.L with an annualized return of 10.91%, while EUHD.L has yielded a comparatively lower 9.33% annualized return.

ISEU.L

• 1D: 0.11%
• 1M: 0.22%
• 6M: 5.52%
• YTD: 8.22%
• 1Y: 19.54%
• 3Y*: 15.50%
• 5Y*: 9.84%
• 10Y*: 10.91%

EUHD.L

• 1D: 0.11%
• 1M: 0.57%
• 6M: 10.35%
• YTD: 11.75%
• 1Y: 23.67%
• 3Y*: 22.57%
• 5Y*: 12.88%
• 10Y*: 9.33%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISEU.L iShares MSCI Europe UCITS Dist	8.22%	35.20%	2.21%	19.49%	-13.72%	15.83%	5.72%	23.55%	-14.36%	26.22%
EUHD.L PowerShares EURO STOXX High Dividend Low Volatility UCITS	11.75%	53.66%	3.48%	17.25%	-13.62%	12.27%	-10.74%	16.00%	-12.52%	24.58%

Correlation

The correlation between ISEU.L and EUHD.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 8, 2016	0.79

The correlation between ISEU.L and EUHD.L has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.

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

Sectors	ISEU.L	EUHD.L
Financial Services	23.3%	48.2%
Industrials	19.5%	1.7%
Healthcare	13.1%	0.0%
Technology	9.6%	-
Consumer Defensive	8.3%	4.8%
Consumer Cyclical	6.5%	8.1%
Basic Materials	5.7%	5.7%
Energy	4.9%	4.0%
Utilities	4.7%	10.9%
Communication Services	3.8%	7.6%
Real Estate	0.8%	8.9%

Return for Risk

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

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

ISEU.L

ISEU.L Risk / Return Rank: 43
ISEU.L Sharpe Ratio Rank: 43
ISEU.L Sortino Ratio Rank: 44
ISEU.L Omega Ratio Rank: 43
ISEU.L Calmar Ratio Rank: 40
ISEU.L Martin Ratio Rank: 45

EUHD.L

EUHD.L Risk / Return Rank: 75
EUHD.L Sharpe Ratio Rank: 78
EUHD.L Sortino Ratio Rank: 73
EUHD.L Omega Ratio Rank: 76
EUHD.L Calmar Ratio Rank: 75
EUHD.L Martin Ratio Rank: 72

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (ISEU.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.

	ISEU.L	EUHD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.82	-0.55
Sortino ratio: Return per unit of downside risk	1.88	2.45	-0.57
Omega ratio: Gain probability vs. loss probability	1.23	1.32	-0.09
Calmar ratio: Return relative to maximum drawdown	1.70	3.04	-1.35
Martin ratio: Return relative to average drawdown	6.04	9.35	-3.31

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

The current ISEU.L Sharpe Ratio is 1.27, which is lower than the EUHD.L Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of ISEU.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.

Drawdowns

ISEU.L vs. EUHD.L - Drawdown Comparison

The maximum ISEU.L drawdown since its inception was -55.91%, which is greater than EUHD.L's maximum drawdown of -43.68%. Use the drawdown chart below to compare losses from any high point for ISEU.L and EUHD.L.

Drawdown Indicators

	ISEU.L	EUHD.L	Difference
Max Drawdown Largest peak-to-trough decline	-55.91%	-43.68%	-12.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.47%	-7.74%	-3.73%
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	-13.02%	-1.11%
Max Drawdown (5Y) Largest decline over 5 years	-30.77%	-34.26%	+3.49%
Max Drawdown (10Y) Largest decline over 10 years	-36.02%	-43.68%	+7.66%
Current Drawdown Current decline from peak	-1.60%	0.00%	-1.60%
Average Drawdown Average peak-to-trough decline	-13.91%	-8.73%	-5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	2.53%	+0.70%

Volatility

ISEU.L vs. EUHD.L - Volatility Comparison

iShares MSCI Europe UCITS Dist (ISEU.L) has a higher volatility of 4.13% compared to PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L) at 3.52%. This indicates that ISEU.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.

Volatility by Period

	ISEU.L	EUHD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	3.52%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	13.24%	10.35%	+2.89%
Volatility (1Y) Calculated over the trailing 1-year period	15.40%	12.98%	+2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.67%	17.04%	+0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.43%	17.57%	-0.14%

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

ISEU.L has a 1.00% expense ratio, which is higher than EUHD.L's 0.30% expense ratio.

Dividends

ISEU.L vs. EUHD.L - Dividend Comparison

ISEU.L's dividend yield for the trailing twelve months is around 2.50%, less than EUHD.L's 3.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EUHD.L PowerShares EURO STOXX High Dividend Low Volatility UCITS	3.76%	4.61%	5.86%	5.50%	5.43%	4.28%	3.06%	4.66%	4.33%	3.41%	3.51%
ISEU.L iShares MSCI Europe UCITS Dist	2.50%	2.46%	3.00%	2.81%	2.86%	2.36%	1.91%	3.03%	3.28%	2.48%	0.00%

Frequently Asked Questions

Can I hold both ISEU.L and EUHD.L in my portfolio?

ISEU.L and EUHD.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISEU.L or EUHD.L?

On fees, EUHD.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISEU.L or EUHD.L?

EUHD.L is cheaper with a 0.30% expense ratio, compared with 1.00% for ISEU.L.

What is the main difference between ISEU.L and EUHD.L?

ISEU.L tracks MSCI Europe NR EUR, while EUHD.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Invesco. Their fees differ too: 1.00% for ISEU.L and 0.30% for EUHD.L.