VPU vs. EUDV.L

Last updated Jun 9, 2026

VPU (Vanguard Utilities ETF) and EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) are both exchange-traded funds - VPU is a Utilities Equities fund tracking the MSCI US Investable Market Utilities 25/50 Index, while EUDV.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, VPU returned 8.85%/yr vs 7.37%/yr for EUDV.L. At a 0.25 correlation, their price movements are largely independent. VPU charges 0.09%/yr vs 0.30%/yr for EUDV.L.

Performance

VPU vs. EUDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Utilities ETF (VPU) and SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VPU is traded in USD, while EUDV.L is traded in GBP. To make them comparable, the EUDV.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VPU achieves a 2.68% return, which is significantly lower than EUDV.L's 3.92% return. Over the past 10 years, VPU has outperformed EUDV.L with an annualized return of 8.85%, while EUDV.L has yielded a comparatively lower 7.37% annualized return.

VPU

• 1D: -1.87%
• 1M: -2.65%
• YTD: 2.68%
• 6M: 3.11%
• 1Y: 10.68%
• 3Y*: 12.74%
• 5Y*: 8.91%
• 10Y*: 8.85%

EUDV.L

• 1D: 0.05%
• 1M: -1.50%
• YTD: 3.92%
• 6M: 7.31%
• 1Y: 9.07%
• 3Y*: 16.26%
• 5Y*: 6.87%
• 10Y*: 7.37%

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

VPU vs. EUDV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VPU Vanguard Utilities ETF	2.68%	16.46%	23.04%	-7.45%	1.06%	17.40%	-0.74%	24.89%	4.38%	12.44%
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	3.92%	35.44%	1.88%	21.65%	-15.79%	6.15%	-4.05%	20.09%	-12.29%	25.94%

Correlation

The correlation between VPU and EUDV.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Feb 29, 2012	0.25

VPU vs. EUDV.L - Sectors Allocation Comparison

Sectors	VPU	EUDV.L
Utilities	99.3%	19.5%
Energy	0.5%	2.7%
Industrials	0.2%	22.4%
Basic Materials	-	8.8%
Communication Services	-	6.7%
Consumer Cyclical	-	1.3%
Consumer Defensive	-	7.9%
Financial Services	-	23.1%
Healthcare	-	5.7%
Real Estate	-	1.9%
Technology	-	-

Return for Risk

VPU vs. EUDV.L — Risk / Return Rank

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

VPU

VPU Risk / Return Rank: 23
VPU Sharpe Ratio Rank: 23
VPU Sortino Ratio Rank: 22
VPU Omega Ratio Rank: 22
VPU Calmar Ratio Rank: 27
VPU Martin Ratio Rank: 22

EUDV.L

EUDV.L Risk / Return Rank: 28
EUDV.L Sharpe Ratio Rank: 30
EUDV.L Sortino Ratio Rank: 28
EUDV.L Omega Ratio Rank: 29
EUDV.L Calmar Ratio Rank: 26
EUDV.L Martin Ratio Rank: 28

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.

VPU vs. EUDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Utilities ETF (VPU) and SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.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.

	VPU	EUDV.L	Difference
Sharpe ratio: Return per unit of total volatility	0.75	0.70	+0.04
Sortino ratio: Return per unit of downside risk	1.09	1.04	+0.05
Omega ratio: Gain probability vs. loss probability	1.14	1.13	0.00
Calmar ratio: Return relative to maximum drawdown	1.20	0.90	+0.30
Martin ratio: Return relative to average drawdown	2.66	2.74	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VPU vs. EUDV.L - Sharpe Ratio Comparison

The current VPU Sharpe Ratio is 0.75, which is comparable to the EUDV.L Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of VPU and EUDV.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.

Sharpe Ratios by Period

	VPU	EUDV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	0.70	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.40	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.42	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.33	+0.21

Drawdowns

VPU vs. EUDV.L - Drawdown Comparison

The maximum VPU drawdown since its inception was -46.31%, which is greater than EUDV.L's maximum drawdown of -39.03%. Use the drawdown chart below to compare losses from any high point for VPU and EUDV.L.

Drawdown Indicators

	VPU	EUDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-46.31%	-39.03%	-7.28%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-10.01%	+1.11%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	-13.83%	-3.51%
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	-37.83%	+12.68%
Max Drawdown (10Y) Largest decline over 10 years	-36.42%	-39.03%	+2.61%
Current Drawdown Current decline from peak	-7.71%	-4.75%	-2.96%
Average Drawdown Average peak-to-trough decline	-7.78%	-9.43%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	3.30%	+0.72%

Volatility

VPU vs. EUDV.L - Volatility Comparison

Vanguard Utilities ETF (VPU) has a higher volatility of 5.56% compared to SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) at 2.57%. This indicates that VPU's price experiences larger fluctuations and is considered to be riskier than EUDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPU	EUDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	2.57%	+2.99%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	10.27%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	12.89%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	17.03%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.14%	17.39%	+1.75%

VPU vs. EUDV.L - Expense Ratio Comparison

VPU has a 0.09% expense ratio, which is lower than EUDV.L's 0.30% expense ratio.

Dividends

VPU vs. EUDV.L - Dividend Comparison

VPU's dividend yield for the trailing twelve months is around 2.70%, less than EUDV.L's 3.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	3.61%	4.04%	3.68%	3.29%	3.56%	2.86%	3.14%	3.23%	3.71%	3.13%	2.94%	2.97%
VPU Vanguard Utilities ETF	2.70%	2.73%	3.02%	3.49%	2.98%	2.70%	3.17%	2.83%	3.23%	3.18%	3.19%	3.63%

Frequently Asked Questions

Can I hold both VPU and EUDV.L in my portfolio?

VPU and EUDV.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VPU or EUDV.L?

On fees, VPU is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VPU or EUDV.L?

VPU is cheaper with a 0.09% expense ratio, compared with 0.30% for EUDV.L.

What is the main difference between VPU and EUDV.L?

VPU is categorized as Utilities Equities, while EUDV.L is Europe Equities. VPU tracks MSCI US Investable Market Utilities 25/50 Index, while EUDV.L tracks MSCI EMU NR EUR. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.09% for VPU and 0.30% for EUDV.L.