PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
UKDV.L vs. HDEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UKDV.L vs. HDEU.L

Last updated Jun 5, 2026

UKDV.L (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both Europe Equities funds - UKDV.L tracks the FTSE AllSh TR GBP while HDEU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, UKDV.L returned 5.20%/yr vs 9.21%/yr for HDEU.L. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

UKDV.L vs. HDEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

UKDV.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, UKDV.L achieves a 6.02% return, which is significantly lower than HDEU.L's 9.45% return. Over the past 10 years, UKDV.L has underperformed HDEU.L with an annualized return of 5.20%, while HDEU.L has yielded a comparatively higher 9.21% annualized return.

UKDV.L

1D
2.06%
1M
3.28%
YTD
6.02%
6M
8.54%
1Y
16.24%
3Y*
12.50%
5Y*
7.70%
10Y*
5.20%

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)

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

2026 (YTD)202520242023202220212020201920182017
UKDV.L
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)		6.02%17.63%11.01%6.36%-7.44%14.90%-16.96%35.13%-15.00%4.30%
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 UKDV.L and HDEU.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

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

0.57

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

0.63

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

0.63

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

0.63

Over the past year, the correlation between UKDV.L and HDEU.L has dropped to 0.42 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

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

Sectors
UKDV.L
HDEU.L

Financial Services

33.0%
35.6%

Industrials

19.8%
3.7%

Consumer Defensive

11.9%
3.7%

Real Estate

11.2%
11.5%

Healthcare

7.0%
0.0%

Consumer Cyclical

5.8%
10.2%

Utilities

4.7%
12.1%

Basic Materials

3.1%
9.9%

Communication Services

2.6%
6.3%

Technology

1.1%

-

Energy

-

6.9%

Financial Services

UKDV.L
33.0%
HDEU.L
35.6%

Industrials

UKDV.L
19.8%
HDEU.L
3.7%

Consumer Defensive

UKDV.L
11.9%
HDEU.L
3.7%

Real Estate

UKDV.L
11.2%
HDEU.L
11.5%

Healthcare

UKDV.L
7.0%
HDEU.L
0.0%

Consumer Cyclical

UKDV.L
5.8%
HDEU.L
10.2%

Utilities

UKDV.L
4.7%
HDEU.L
12.1%

Basic Materials

UKDV.L
3.1%
HDEU.L
9.9%

Communication Services

UKDV.L
2.6%
HDEU.L
6.3%

Technology

UKDV.L
1.1%
HDEU.L

-

Energy

UKDV.L

-

HDEU.L
6.9%

Compare stocks, funds, or ETFs

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

SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)

PowerShares EURO STOXX High Dividend Low Volatility UCITS

Often compared with UKDV.L:
UKDV.L vs. IUKD.LUKDV.L vs. SCHDUKDV.L vs. VHYG.LUKDV.L vs. ISF.LUKDV.L vs. VGOV.LUKDV.L vs. LDEG.LUKDV.L vs. VUKE.L
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UKDV.L
UKDV.L Risk / Return Rank: 3333
Overall Rank
UKDV.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
UKDV.L Sortino Ratio Rank: 3333
Sortino Ratio Rank
UKDV.L Omega Ratio Rank: 3333
Omega Ratio Rank
UKDV.L Calmar Ratio Rank: 3232
Calmar Ratio Rank
UKDV.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.

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

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.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.

UKDV.LHDEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.20
2.30

-1.10

Sortino ratioReturn per unit of downside risk
1.75
3.07

-1.32

Omega ratioGain probability vs. loss probability

1.22

1.43

-0.21

Calmar ratioReturn relative to maximum drawdown

1.57

3.38

-1.82

Martin ratioReturn relative to average drawdown

5.36

11.58

-6.22

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

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

The current UKDV.L Sharpe Ratio is 1.20, which is lower than the HDEU.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of UKDV.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.

Loading charts...

Sharpe Ratios by Period

UKDV.LHDEU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.20

2.30

-1.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

0.92

-0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.33

0.58

-0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.60

-0.18

Drawdowns

UKDV.L vs. HDEU.L - Drawdown Comparison

The maximum UKDV.L drawdown since its inception was -38.04%, which is greater than HDEU.L's maximum drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for UKDV.L and HDEU.L.

Loading charts...

Drawdown Indicators

UKDV.LHDEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.04%

-35.89%

-2.15%

Max Drawdown (1Y)

Largest decline over 1 year

-10.32%

-7.16%

-3.16%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-11.63%

-1.21%

Max Drawdown (5Y)

Largest decline over 5 years

-18.19%

-19.85%

+1.66%

Max Drawdown (10Y)

Largest decline over 10 years

-38.04%

-35.89%

-2.15%

Current Drawdown

Current decline from peak

-1.65%

-2.02%

+0.37%

Average Drawdown

Average peak-to-trough decline

-7.05%

-5.39%

-1.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.10%

+0.92%

Volatility

UKDV.L vs. HDEU.L - Volatility Comparison

SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) has a higher volatility of 4.77% compared to PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) at 3.24%. This indicates that UKDV.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.

Loading charts...

Volatility by Period

UKDV.LHDEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.77%

3.24%

+1.53%

Volatility (6M)

Calculated over the trailing 6-month period

11.53%

8.18%

+3.35%

Volatility (1Y)

Calculated over the trailing 1-year period

13.50%

10.52%

+2.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.16%

13.95%

+0.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.84%

16.05%

-0.21%

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

Both UKDV.L and HDEU.L have an expense ratio of 0.30%.

Dividends

UKDV.L vs. HDEU.L - Dividend Comparison

UKDV.L's dividend yield for the trailing twelve months is around 3.96%, which matches HDEU.L's 3.98% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
UKDV.L
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)		3.96%4.23%4.03%4.21%5.24%4.25%3.58%5.99%5.23%4.32%5.16%5.49%

Frequently Asked Questions

UKDV.L and HDEU.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

UKDV.L and HDEU.L have the same expense ratio: 0.30% per year.

UKDV.L tracks FTSE AllSh TR GBP, while HDEU.L tracks MSCI EMU NR EUR. They also come from different issuers: State Street and Invesco.

Portfolio Optimizer

Find the right allocation for UKDV.L and HDEU.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer