The best ETFs for European Dividend Stocks

How do I invest in European dividend stocks?

An investment in high-dividend-yielding stocks is a solid investment. Dividends are usually paid by the companies that are profitable and economically strong. For investors seeking regular income in times of low interest rates dividend stocks present an attractive investment.

There are several indices available to invest with ETFs in European high-dividend equities. This Investment Guide for European dividend stocks will help you navigate between the peculiarities of indices that vary substantially in their methodologies and ETFs that track them. It will allow you to find the most suitable ETFs for you by ranking them according to your preferences.

0.23% p.a. - 0.58% p.a.
annual total expense ratio (TER) of European dividend ETFs
on European dividend stocks, which are tracked by ETFs
on European dividend stocks
The best indices for European dividend ETFs

The best European dividend ETF by 1-year fund return as of 30/09/19

All European dividend ETFs ranked by fund return

 

The largest European dividend ETF by fund size in EUR

All European dividend ETFs ranked by fund size

 

The cheapest European dividend ETF by total expense ratio

All European dividend ETFs ranked by total expense ratio

 
 

Indices on European Dividend Stocks compared

Methodologies of the compared indices

EURO STOXX® Select Dividend 30 STOXX® Europe Select Dividend 30 S&P Euro High Yield Dividend Aristocrats
Number of ETFs 4 ETFs 2 ETFs 1 ETF
Number of constituents 30 30 40
Investment universe EURO STOXX Index: appr. 300 Eurozone stocks STOXX Europe 600 Index: 600 European stocks S&P Europe Broad Market Index (BMI): 1,645 European stocks
Index rebalancing Quarterly Quarterly Quarterly
Selection criteria Positive dividend growth over five years, the dividend payment in four of the last five years, a maximum of 60% payout ratio Positive dividend growth over five years, the dividend payment in four of the last five years, a maximum of 60% payout ratio Controlled dividend policy with rising or stable dividends for at least 10 consecutive years
Index weighting Dividend yield Dividend yield Dividend yield
 
MSCI EMU High Dividend Yield MSCI Europe High Dividend Yield
Number of ETFs 1 ETF 1 ETF
Number of constituents appr. 42 (as of 30/09/19) appr. 60 (as of 30/09/19)
Investment universe MSCI EMU Index: 247 Eurozone stocks MSCI Europe Index: 442 European stocks
Index rebalancing Semi-annually Semi-annually
Selection criteria Quality factors, dividend yield of at least 30% above the average of the underlying index, positive dividend growth over 5 years Quality factors, dividend yield of at least 30% above the average of the underlying index, positive dividend growth over 5 years
Index weighting Market cap (free float) Market cap (free float)

Source: justETF Research; as of 31/03/19

 

EURO STOXX® Select Dividend 30 Index

The EURO STOXX Select Dividend 30 Index consists of a selection of 30 companies in the Eurozone which meet the standards of high quality dividend. This European Dividend Index contains the stocks with the highest dividends in the EURO STOXX Index. Stock selection is based on the historical dividend yield. The stocks in the index are weighted by the indicated dividend yield.

 

Methodology of the EURO STOXX® Select Dividend 30 Factsheet Methodology

  • 30 dividend stocks from the EURO STOXX Index
  • The EURO STOXX Index includes appr. 300 companies in the Eurozone
  • Index rebalancing on a quarterly basis
  • Stock selection is based on the historical dividend yield
  • Selection criteria: positive growth in dividends over 5 years, dividend payment in four of the last five years, a maximum of 60% payout ratio
  • Index weighted by the indicated dividend yield
 

MSCI EMU High Dividend Yield Index

The MSCI EMU High Dividend Yield Index focuses on the highest dividend stocks in the Eurozone. This dividend index includes 42 companies which are selected according to quality factors and dividend strength. These include a dividend yield of at least 30 percent above the average of the company and a non-negative dividend growth rate over the last 5 years. The stocks are weighted by free float market capitalization.

 

Methodology of the MSCI EMU High Dividend Yield Factsheet Methodology

  • 42 dividend stocks from Eurozone (only developed countries) (as of 30/09/19)
  • The MSCI EMU Index includes 247 shares from Eurozone (as of 30/09/19)
  • Criteria for selection: quality factors, dividend yield of at least 30% above the average of the underlying index, positive dividend growth over 5 years
  • Index weighted by free float market capitalization
  • Maximum weight per individual stock is 5%
 

MSCI Europe High Dividend Yield Index

The composition and weighting of the MSCI Europe High Dividend Yield Index is the same as in MSCI EMU High Dividend Yield Index. However, this index includes dividend-yielding companies from developed countries throughout Europe. The weighting of the stocks in the index is also based on market capitalization.

 

Methodology of the MSCI Europe High Dividend Yield Factsheet Methodology

  • 60 dividend stocks from 15 European countries (developed countries only) (as of 30/09/19)
  • The MSCI Europe Index comprises 442 European equities (as of 30/09/19)
  • Criteria for selection: quality factors, dividend yield of at least 30% above the average of the underlying index, positive dividend growth over 5 years
  • Index weighted by free float market capitalization
  • Index rebalanced semi-annually in May and November
  • Maximum weight per individual stock is 5%
 

S&P Euro High Yield Dividend Aristocrats Index

The S&P Euro High Yield Dividend Aristocrats Index focuses on long-term and stable dividend growth. In the index a company of Eurozone is included only if it has at least 10 consecutive years of a controlled dividend policy with rising or stable dividends. In addition, pre-defined yield criteria must be met. Despite the strict inclusion rules, the limits of individual securities, sector and country weightings ensure that no cluster risks arise in the index.

 

Methodology of the S&P Euro High Yield Dividend Aristocrats Factsheet Methodology

  • 40 dividend Eurozone stocks from the S&P Europe Broad Market Index (BMI)
  • The S&P Europe Broad Market Index (BMI) includes 1,645 European stocks (as of 31/03/19)
  • Index rebalancing is carried out quarterly
  • Stock selection is based on the historical dividend yield
    Selection criteria: controlled dividend policy with rising or stable dividends for at least 10 consecutive years
  • Index weighted by indicated dividend yield
  • Weight per individual stocks max. 5%; weight per sector/country max. 30%
 

STOXX® Europe Select Dividend 30 Index

The STOXX Europe Select Dividend 30 Index comprises a selection of 30 companies from Europe that meet the standards of high quality dividend. This European dividend index contains the stocks with the highest dividends in the STOXX Europe 600 Index. Stock selection is based on the historical dividend yield. The stocks in the index are weighted by the indicated dividend yield.

 

Methodology of the STOXX® Europe Select Dividend 30 Factsheet Methodology

  • 30 dividend stocks from the STOXX Europe 600 Index
  • The STOXX Europe 600 Index comprises 600 European companies
  • Index rebalancing on a quarterly basis
  • Stock selection is based on the historical dividend yield
    Selection criteria: positive dividend growth over five years, the dividend payment in four of the last five years, a maximum of 60% payout ratio
  • Index weighted by the indicated dividend yield
 

European Dividend ETFs in comparison

The most important factors at a glance

When choosing a European dividend ETF one should consider several other factors in addition to the methodology of the underlying index and performance of an ETF. For better comparison, you will find a list of all European dividend ETFs with details on size, cost, age, income, domicile and replication method ranked by fund size.

Compare all European dividend ETFs in detail
Compare all European dividend ETFs in a chart

Provider
ISIN
  Fund size
in m EUR
TER
in %
Use of profits Fund domicile Replication method
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)IE00B5M1WJ87 1,727 0.30% p.a. Distributing Ireland Full replication
iShares Euro Dividend UCITS ETFIE00B0M62S72 876 0.40% p.a. Distributing Ireland Full replication
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE)DE0002635281 712 0.31% p.a. Distributing Germany Full replication
iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)DE0002635299 524 0.31% p.a. Distributing Germany Full replication
Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETFDE000ETFL482 320 0.30% p.a. Distributing Germany Full replication
Deka EURO STOXX Select Dividend 30 UCITS ETFDE000ETFL078 269 0.30% p.a. Distributing Germany Full replication
Xtrackers EURO STOXX Select Dividend 30 UCITS ETF 1DLU0292095535 209 0.30% p.a. Distributing Luxembourg Full replication
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (C)FR0010717090 189 0.30% p.a. Accumulating France Unfunded swap
Lyxor STOXX Europe Select Dividend 30 UCITS ETF DistLU1812092168 136 0.30% p.a. Distributing Luxembourg Unfunded swap
ComStage EURO STOXX Select Dividend 30 UCITS ETFLU0378434236 80 0.25% p.a. Distributing Luxembourg Full replication
Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (C)LU1681041973 46 0.23% p.a. Accumulating Luxembourg Unfunded swap
WisdomTree Europe Equity Income UCITS ETFDE000A14ND38 35 0.29% p.a. Distributing Ireland Full replication
WisdomTree Europe SmallCap Dividend UCITS ETFDE000A14ND46 33 0.38% p.a. Distributing Ireland Full replication
WisdomTree Europe Equity UCITS ETF USD HedgedDE000A14SLJ6 33 0.58% p.a. Distributing Ireland Full replication
iShares MSCI Europe Quality Dividend UCITS ETFIE00BYYHSM20 31 0.28% p.a. Distributing Ireland Optimized sampling
Invesco EURO STOXX High Dividend Low Volatility UCITS ETFIE00BZ4BMM98 19 0.30% p.a. Distributing Ireland Full replication
WisdomTree Eurozone Quality Dividend Growth UCITS ETF EUR AccDE000A2AHL91 16 0.29% p.a. Accumulating Ireland Full replication
BNP Paribas Easy Equity Dividend Europe UCITS ETFLU1615090864 11 0.30% p.a. Accumulating Luxembourg Unfunded swap
Franklin LibertyQ European Dividend UCITS ETFIE00BF2B0L69 10 0.25% p.a. Distributing Ireland Full replication
Fidelity Europe Quality Income UCITS ETFIE00BYSX4283 9 0.30% p.a. Accumulating Ireland Full replication
WisdomTree Europe Equity UCITS ETF EUR AccDE000A142K52 8 0.32% p.a. Accumulating Ireland Full replication
UBS ETF (LU) Factor MSCI EMU Total Shareholder Yield UCITS ETF (EUR) A-disLU1215455947 5 0.28% p.a. Distributing Luxembourg Full replication
WisdomTree Europe SmallCap Dividend UCITS ETF AccDE000A2ARXE2 5 0.38% p.a. Accumulating Ireland Full replication

Source: justETF.com; As of 22/10/19

 

Return comparison of all European dividend ETFs

The table shows the returns of all European dividend ETFs in comparison. All return figures are including dividends as of month end. Besides the return the reference date on which you conduct the comparison is important. In order to find the best ETFs, you can also perform a chart comparison.

ETF   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
WisdomTree Europe Equity UCITS ETF USD Hedged 5.01% 4.24% 8.64% 13.15% 32.49%
Fidelity Europe Quality Income UCITS ETF 3.21% 2.25% 5.41% 9.86% -
Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (C) 5.78% 3.31% 5.08% 9.63% 23.07%
iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) 6.38% 7.16% 7.24% 9.59% 28.36%
Lyxor STOXX Europe Select Dividend 30 UCITS ETF Dist 6.40% 7.21% 7.21% 9.45% 28.02%
iShares MSCI Europe Quality Dividend UCITS ETF 5.65% 3.27% 4.79% 8.86% -
Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF 4.79% 2.38% 6.23% 8.36% 26.12%
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (C) 5.60% 3.08% 7.83% 7.87% 32.86%
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) 5.01% 1.61% 7.06% 7.49% 22.87%
WisdomTree Europe Equity UCITS ETF EUR Acc 3.49% 1.14% 5.90% 5.46% 26.30%
UBS ETF (LU) Factor MSCI EMU Total Shareholder Yield UCITS ETF (EUR) A-dis 5.99% 4.13% 6.23% 5.13% 23.49%
iShares Euro Dividend UCITS ETF 6.02% 3.52% 4.98% 4.91% 24.49%
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) 5.98% 3.52% 4.95% 4.91% 24.80%
Deka EURO STOXX Select Dividend 30 UCITS ETF 5.86% 3.44% 4.86% 4.85% 23.95%
ComStage EURO STOXX Select Dividend 30 UCITS ETF 6.03% 3.61% 4.93% 4.83% 23.06%
Xtrackers EURO STOXX Select Dividend 30 UCITS ETF 1D 5.56% 3.02% 5.10% 4.70% 23.05%
Invesco EURO STOXX High Dividend Low Volatility UCITS ETF 5.78% 2.33% 3.32% 3.94% 22.34%
WisdomTree Europe Equity Income UCITS ETF 5.97% 2.08% 2.55% 3.32% 26.37%
WisdomTree Eurozone Quality Dividend Growth UCITS ETF EUR Acc 2.84% 1.81% 5.97% 2.90% 30.65%
Franklin LibertyQ European Dividend UCITS ETF 3.45% 3.05% 4.30% 2.44% -
WisdomTree Europe SmallCap Dividend UCITS ETF 4.84% 0.40% 1.71% -2.46% 16.87%
WisdomTree Europe SmallCap Dividend UCITS ETF Acc 4.79% 0.35% 1.69% -2.50% -
BNP Paribas Easy Equity Dividend Europe UCITS ETF 7.31% 4.11% 0.19% -7.71% -
ETF   2019
in %
2018
in %
2017
in %
2016
in %
2015
in %
WisdomTree Europe Equity UCITS ETF USD Hedged 24.94% -4.86% -2.21% 13.40% -
WisdomTree Eurozone Quality Dividend Growth UCITS ETF EUR Acc 22.21% -14.28% 20.29% - -
Fidelity Europe Quality Income UCITS ETF 20.80% -8.50% - - -
WisdomTree Europe Equity UCITS ETF EUR Acc 18.70% -11.52% 12.20% 8.26% -
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (C) 18.58% -4.00% 8.05% 4.21% 13.99%
iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) 18.55% -4.69% 4.95% 5.57% 9.18%
Lyxor STOXX Europe Select Dividend 30 UCITS ETF Dist 17.74% -4.26% 4.96% 5.94% 7.79%
Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (C) 17.62% -5.18% 4.60% 3.83% 7.49%
UBS ETF (LU) Factor MSCI EMU Total Shareholder Yield UCITS ETF (EUR) A-dis 17.19% -12.02% 10.72% 5.36% -
iShares MSCI Europe Quality Dividend UCITS ETF 16.91% -5.87% - - -
Xtrackers EURO STOXX Select Dividend 30 UCITS ETF 1D 16.88% -13.09% 9.66% 12.50% 8.41%
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) 16.82% -7.81% 10.62% 9.63% 11.62%
Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF 16.19% -3.93% 5.72% 9.23% -
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) 15.97% -11.16% 9.53% 13.24% 8.80%
ComStage EURO STOXX Select Dividend 30 UCITS ETF 15.84% -11.48% 8.73% 11.88% 8.77%
Deka EURO STOXX Select Dividend 30 UCITS ETF 15.72% -11.20% 9.26% 12.33% 8.99%
iShares Euro Dividend UCITS ETF 15.43% -10.97% 9.71% 12.56% 8.36%
WisdomTree Europe Equity Income UCITS ETF 13.93% -7.26% 9.21% 8.00% 1.78%
WisdomTree Europe SmallCap Dividend UCITS ETF 13.72% -17.24% 16.61% 5.28% 23.95%
WisdomTree Europe SmallCap Dividend UCITS ETF Acc 13.69% -17.25% 16.63% - -
Franklin LibertyQ European Dividend UCITS ETF 13.59% -6.95% - - -
Invesco EURO STOXX High Dividend Low Volatility UCITS ETF 13.25% -8.22% 9.60% - -
BNP Paribas Easy Equity Dividend Europe UCITS ETF 11.12% -19.74% - - -

Source: justETF.com; As of 30/09/19; Calculations in EUR including dividends