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SX5S.L vs. HDEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SX5S.L vs. HDEU.L

Last updated Jun 5, 2026

SX5S.L (Invesco EURO STOXX 50 UCITS ETF) and HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both Europe Equities funds from Invesco tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, SX5S.L returned 11.41%/yr vs 9.21%/yr for HDEU.L. A 0.65 correlation means they provide meaningful diversification when combined. SX5S.L charges 0.05%/yr vs 0.30%/yr for HDEU.L.

Performance

SX5S.L vs. HDEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco EURO STOXX 50 UCITS ETF (SX5S.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

SX5S.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, SX5S.L achieves a 6.46% return, which is significantly lower than HDEU.L's 9.45% return. Over the past 10 years, SX5S.L has outperformed HDEU.L with an annualized return of 11.41%, while HDEU.L has yielded a comparatively lower 9.21% annualized return.

SX5S.L

1D
0.35%
1M
4.85%
YTD
6.46%
6M
7.51%
1Y
18.61%
3Y*
15.51%
5Y*
11.51%
10Y*
11.41%

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)

SX5S.L vs. HDEU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SX5S.L
Invesco EURO STOXX 50 UCITS ETF		6.46%27.68%6.13%19.91%-3.67%14.48%2.12%23.51%-10.62%14.35%
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 SX5S.L and HDEU.L is 0.68, 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

0.68

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

0.70

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

0.73

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

0.66

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

0.65

The correlation between SX5S.L and HDEU.L has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

SX5S.L vs. HDEU.L - Sectors Allocation Comparison

Sectors
SX5S.L
HDEU.L

Financial Services

25.1%
35.6%

Industrials

22.1%
3.7%

Technology

16.1%

-

Consumer Cyclical

9.8%
10.2%

Consumer Defensive

5.5%
3.7%

Healthcare

5.4%
0.0%

Energy

5.2%
6.9%

Utilities

4.8%
12.1%

Basic Materials

3.7%
9.9%

Communication Services

2.3%
6.3%

Real Estate

-

11.5%

Financial Services

SX5S.L
25.1%
HDEU.L
35.6%

Industrials

SX5S.L
22.1%
HDEU.L
3.7%

Technology

SX5S.L
16.1%
HDEU.L

-

Consumer Cyclical

SX5S.L
9.8%
HDEU.L
10.2%

Consumer Defensive

SX5S.L
5.5%
HDEU.L
3.7%

Healthcare

SX5S.L
5.4%
HDEU.L
0.0%

Energy

SX5S.L
5.2%
HDEU.L
6.9%

Utilities

SX5S.L
4.8%
HDEU.L
12.1%

Basic Materials

SX5S.L
3.7%
HDEU.L
9.9%

Communication Services

SX5S.L
2.3%
HDEU.L
6.3%

Real Estate

SX5S.L

-

HDEU.L
11.5%

Compare stocks, funds, or ETFs

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

Invesco EURO STOXX 50 UCITS ETF

PowerShares EURO STOXX High Dividend Low Volatility UCITS

Often compared with SX5S.L:
SX5S.L vs. S600.LSX5S.L vs. VXUSSX5S.L vs. ACWXSX5S.L vs. SPYSX5S.L vs. QQQSX5S.L vs. ^SP500TRSX5S.L vs. CIBR
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

SX5S.L vs. HDEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SX5S.L
SX5S.L Risk / Return Rank: 3535
Overall Rank
SX5S.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
SX5S.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
SX5S.L Omega Ratio Rank: 3535
Omega Ratio Rank
SX5S.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
SX5S.L Martin Ratio Rank: 3636
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.

SX5S.L vs. HDEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX 50 UCITS ETF (SX5S.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.

SX5S.LHDEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.23
2.30

-1.07

Sortino ratioReturn per unit of downside risk
1.83
3.07

-1.25

Omega ratioGain probability vs. loss probability

1.23

1.43

-0.20

Calmar ratioReturn relative to maximum drawdown

1.62

3.38

-1.76

Martin ratioReturn relative to average drawdown

5.40

11.58

-6.18

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

SX5S.L vs. HDEU.L - Sharpe Ratio Comparison

The current SX5S.L Sharpe Ratio is 1.23, which is lower than the HDEU.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of SX5S.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

SX5S.LHDEU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.23

2.30

-1.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.92

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.58

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.60

-0.01

Drawdowns

SX5S.L vs. HDEU.L - Drawdown Comparison

The maximum SX5S.L drawdown since its inception was -32.54%, smaller than the maximum HDEU.L drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for SX5S.L and HDEU.L.

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Drawdown Indicators

SX5S.LHDEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.54%

-35.89%

+3.35%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-7.16%

-4.27%

Max Drawdown (3Y)

Largest decline over 3 years

-13.85%

-11.63%

-2.22%

Max Drawdown (5Y)

Largest decline over 5 years

-21.71%

-19.85%

-1.86%

Max Drawdown (10Y)

Largest decline over 10 years

-32.54%

-35.89%

+3.35%

Current Drawdown

Current decline from peak

-0.57%

-2.02%

+1.45%

Average Drawdown

Average peak-to-trough decline

-5.44%

-5.39%

-0.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.44%

2.10%

+1.34%

Volatility

SX5S.L vs. HDEU.L - Volatility Comparison

Invesco EURO STOXX 50 UCITS ETF (SX5S.L) has a higher volatility of 4.90% compared to PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) at 3.24%. This indicates that SX5S.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

SX5S.LHDEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.90%

3.24%

+1.66%

Volatility (6M)

Calculated over the trailing 6-month period

12.23%

8.18%

+4.05%

Volatility (1Y)

Calculated over the trailing 1-year period

15.09%

10.52%

+4.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.62%

13.95%

+3.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.88%

16.05%

+3.83%

SX5S.L vs. HDEU.L - Expense Ratio Comparison

SX5S.L has a 0.05% expense ratio, which is lower than HDEU.L's 0.30% expense ratio.

Dividends

SX5S.L vs. HDEU.L - Dividend Comparison

SX5S.L has not paid dividends to shareholders, while HDEU.L's dividend yield for the trailing twelve months is around 3.98%.

PositionTTM2025202420232022202120202019201820172016
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%
SX5S.L
Invesco EURO STOXX 50 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SX5S.L and HDEU.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SX5S.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SX5S.L is cheaper with a 0.05% expense ratio, compared with 0.30% for HDEU.L.

Both ETFs track MSCI EMU NR EUR. Their fees differ too: 0.05% for SX5S.L and 0.30% for HDEU.L.

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