ISPA.DE vs. HDEU.L
ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) and HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both exchange-traded funds - ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index, while HDEU.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, ISPA.DE returned 8.98%/yr vs 8.16%/yr for HDEU.L. A 0.72 correlation means they provide meaningful diversification when combined. ISPA.DE charges 0.46%/yr vs 0.30%/yr for HDEU.L.
Performance
ISPA.DE vs. HDEU.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISPA.DE achieves a 13.48% return, which is significantly higher than HDEU.L's 10.26% return. Over the past 10 years, ISPA.DE has outperformed HDEU.L with an annualized return of 8.98%, while HDEU.L has yielded a comparatively lower 8.16% annualized return.
ISPA.DE
- 1D
- 0.49%
- 1M
- 2.52%
- YTD
- 13.48%
- 6M
- 15.47%
- 1Y
- 29.54%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
HDEU.L
- 1D
- -0.29%
- 1M
- 0.67%
- YTD
- 10.26%
- 6M
- 12.11%
- 1Y
- 21.06%
- 3Y*
- 20.15%
- 5Y*
- 12.72%
- 10Y*
- 8.16%
ISPA.DE vs. HDEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | 0.43% | 22.39% | -9.12% | 24.24% | -7.51% | 2.97% |
HDEU.L PowerShares EURO STOXX High Dividend Low Volatility UCITS | 10.26% | 35.87% | 10.18% | 13.58% | -8.23% | 21.08% | -17.97% | 17.34% | -8.18% | 10.01% |
Correlation
The correlation between ISPA.DE and HDEU.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2016 | 0.72 |
The correlation between ISPA.DE and HDEU.L has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
ISPA.DE vs. HDEU.L — Risk / Return Rank
ISPA.DE
HDEU.L
ISPA.DE vs. HDEU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) 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.
| ISPA.DE | HDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.38 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 8.10 | 3.57 | +4.53 |
| Martin ratioReturn relative to average drawdown | 28.73 | 11.36 | +17.37 |
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
| ISPA.DE | HDEU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.35 | 2.07 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.94 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.51 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.51 | +0.17 |
Drawdowns
ISPA.DE vs. HDEU.L - Drawdown Comparison
The maximum ISPA.DE drawdown since its inception was -38.91%, roughly equal to the maximum HDEU.L drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for ISPA.DE and HDEU.L.
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Drawdown Indicators
| ISPA.DE | HDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -40.22% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -5.88% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -12.86% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.10% | -22.45% | +7.35% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | -40.22% | +1.31% |
Current DrawdownCurrent decline from peak | -1.09% | -1.97% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -5.72% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.85% | -0.82% |
Volatility
ISPA.DE vs. HDEU.L - Volatility Comparison
The current volatility for iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) is 2.62%, while PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) has a volatility of 3.12%. This indicates that ISPA.DE experiences smaller price fluctuations and is considered to be less risky 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
| ISPA.DE | HDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.12% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 7.85% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 10.14% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 13.50% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.79% | 15.95% | -1.16% |
ISPA.DE vs. HDEU.L - Expense Ratio Comparison
ISPA.DE has a 0.46% expense ratio, which is higher than HDEU.L's 0.30% expense ratio.
Dividends
ISPA.DE vs. HDEU.L - Dividend Comparison
ISPA.DE's dividend yield for the trailing twelve months is around 3.75%, less than HDEU.L's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
ISPA.DE and HDEU.L have a correlation of 0.69, 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 0.46% for ISPA.DE.
ISPA.DE is categorized as Global Equities, while HDEU.L is Europe Equities. ISPA.DE tracks STOXX® Global Select Dividend 100 index, while HDEU.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.46% for ISPA.DE and 0.30% for HDEU.L.
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