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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 profitable and established companies. For investors seeking regular income in times of low interest rates, dividend stocks can provide attractive yields.

There are several indices available to invest with ETFs in European high-dividend equities. This Investment Guide for European dividend stocks will help you to differentiate between the most important indices and to select the best ETFs tracking indices on European dividend stocks.

0,23% p.a. - 0,58% p.a.
annual total expense ratio (TER) of European dividend ETFs
15 Indices
on European dividend stocks, which are tracked by ETFs
20 ETFs
on European dividend stocks
 
The best indices for European dividend ETFs

The best European dividend ETF by 1-year fund return as of 31-10-2024

1 Invesco EURO STOXX High Dividend Low Volatility UCITS ETF 23,60%
2 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF 23,35%
3 SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) 22,54%

All European dividend ETFs ranked by fund return

 

The largest European dividend ETF by fund size in EUR

1 SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) 922 m
2 iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) 778 m
3 iShares Euro Dividend UCITS ETF 748 m

All European dividend ETFs ranked by fund size

 

The cheapest European dividend ETF by total expense ratio

1 Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (C) 0,23% p.a.
2 Franklin European Quality Dividend UCITS ETF 0,25% p.a.
3 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF 0,25% p.a.

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 3 ETFs 2 ETFs 1 ETF
Number of constituents 30 30 40 (31-08-2023)
Investment universe EURO STOXX® index: appr. 300 Eurozone stocks STOXX® Europe 600 index: 600 European stocks S&P Europe Broad Market Index (BMI): 1,816 (28/02/22) European stocks, only Eurozone companies are included
Index rebalancing Annually Annually Quarterly
Selection criteria Dividend quality, non-negative payout ratio, indicated dividend yield Dividend quality, non-negative payout ratio, indicated dividend yield 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 38 (30-09-2024) 72 (30-09-2024)
Investment universe MSCI EMU index: 221 (30-09-2024) Eurozone stocks (without REITs) MSCI Europe index: 415 (30-09-2024) European stocks (without REITs)
Index rebalancing Semi-annually Semi-annually
Selection criteria Quality factors, dividend yield of at least 30% above the average of the underlying index, non-negative dividend growth over 5 years Quality factors, dividend yield of at least 30% above the average of the underlying index, non-negative dividend growth over 5 years
Index weighting Market cap (free float) Market cap (free float)

Source: justETF Research; as of 28/02/22

 

EURO STOXX® Select Dividend 30 index

The EURO STOXX® Select Dividend 30 index consists of a selection of 30 companies from the Eurozone that meet criteria for high dividend quality. The parent index is the EURO STOXX® index. Securities are selected based on their indicated dividend yield and their historical dividend policy. The selected stocks are weighted by their indicated dividend yield.

 

Methodology of the EURO STOXX® Select Dividend 30 Factsheet Methodology

  • 30 dividend stocks from Eurozone countries
  • Investment universe: EURO STOXX® index, which includes appr. 300 companies
  • Stock selection is based on the indicated dividend yield. In addition, companies must meet certain requirements with respect to dividend quality and payout ratio
  • Selection criteria: positive dividend growth over five years, dividend payments in four of the last five years, non-negative payout ratio (max. 60%)
  • Index rebalancing takes place annually in March
  • Index weighted by 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 38 companies (as of 30-09-2024) which are selected according to quality factors and dividend strength. The criteria include a dividend yield of at least 30 percent above the average of the underlying index (MSCI EMU index) and a non-negative dividend growth rate over the last 5 years. The selected stocks are weighted by their free float market capitalization.

 

Methodology of the MSCI EMU High Dividend Yield Factsheet Methodology

  • 38 dividend stocks from Eurozone countries (as of 30-09-2024)
  • Investment universe: MSCI EMU index, which includes 221 shares (as of 30-09-2024), excluding REITs
  • Stock selection is based on the indicated dividend yield
  • Selection criteria: quality factors, dividend yield of at least 30% above the average of the underlying index, non-negative dividend growth over 5 years
  • Index rebalancing takes place semi-annually in May and November
  • Index weighted by free float market capitalization
  • Maximum weight per individual stock is 5%
 

MSCI Europe High Dividend Yield index

The MSCI Europe High Dividend Yield index focuses on the highest dividend stocks from Europe. This dividend index includes 72 companies (as of 30-09-2024) which are selected according to quality factors and dividend strength. The criteria include a dividend yield of at least 30 percent above the average of the underlying index (MSCI Europe index) and a non-negative dividend growth rate over the last 5 years. The selected stocks are weighted by their free float market capitalization.

 

Methodology of the MSCI Europe High Dividend Yield Factsheet Methodology

  • 72 dividend stocks from 15 European countries (as of 30-09-2024)
  • Investment universe: MSCI Europe index, which comprises 415 European equities (as of 30-09-2024), excluding REITs
  • Stock selection is based on the indicated dividend yield
  • Selection criteria: quality factors, dividend yield of at least 30% above the average of the underlying index, non-negative dividend growth over 5 years
  • Index rebalancing takes place semi-annually in May and November
  • Index weighted by free float market capitalization
  • 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. It is based on the S&P Europe Broad Market Index (BMI), but only includes stocks from Eurozone countries. A company is only included in the S&P Euro High Yield Dividend Aristocrats index if it has at least 10 consecutive years of a controlled dividend policy with rising or stable dividend payments. In addition, pre-defined yield criteria must be met. Despite the strict inclusion rules, the limits for individual securities, sector and country weightings ensure that no cluster risks arise in the index. The selected stocks are weighted by their indicated dividend yield.

 

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

  • Appr. 40 dividend stocks from Eurozone countries
  • Investment universe: S&P Europe Broad Market Index (BMI), which includes 1,816 European stocks (as of 28/02/22). Only Eurozone companies are included
  • Stock selection is based on the indicated and the historical dividend yield
  • Selection criteria: controlled dividend policy with rising or stable dividends for at least 10 consecutive years
  • Index rebalancing takes place quarterly, reviews take place monthly
  • 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 criteria for high dividend quality. The parent index is the STOXX® Europe 600 index. Securities are selected based on their indicated dividend yield and their historical dividend policy. The selected stocks are weighted by their indicated dividend yield.

 

Methodology of the STOXX® Europe Select Dividend 30 Factsheet Methodology

  • 30 dividend stocks from Europe
  • Investment universe: STOXX® Europe 600 index
  • Stock selection is based on the indicated dividend yield. In addition, companies must meet certain requirements with respect to dividend quality and payout ratio
  • Selection criteria: positive dividend growth over five years, dividend payments in four of the last five years, non-negative payout ratio (max. 60%)
  • Index rebalancing takes place annually in March
  • Index weighted by 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 922 0,30% p.a. Distribueren Ierland Volledige replicatie
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)IE00BYYHSM20 778 0,28% p.a. Distribueren Ierland Geoptimaliseerde sampling
iShares Euro Dividend UCITS ETFIE00B0M62S72 748 0,40% p.a. Distribueren Ierland Volledige replicatie
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE)DE0002635281 457 0,32% p.a. Distribueren Duitsland Volledige replicatie
iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)DE0002635299 365 0,32% p.a. Distribueren Duitsland Volledige replicatie
Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1DLU0292095535 243 0,30% p.a. Distribueren Luxemburg Volledige replicatie
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (C)FR0010717090 218 0,30% p.a. Accumulerend Frankrijk Niet-gefinancierde swap
Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (C)LU1681041973 164 0,23% p.a. Accumulerend Luxemburg Niet-gefinancierde swap
Amundi Stoxx Europe Select Dividend 30 UCITS ETF DistLU1812092168 160 0,30% p.a. Distribueren Luxemburg Niet-gefinancierde swap
Franklin European Quality Dividend UCITS ETFIE00BF2B0L69 73 0,25% p.a. Distribueren Ierland Volledige replicatie
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETFIE00BMYDM919 38 0,25% p.a. Distribueren Ierland Geoptimaliseerde sampling
WisdomTree Europe Equity Income UCITS ETFIE00BQZJBX31 33 0,29% p.a. Distribueren Ierland Volledige replicatie
Invesco EURO STOXX High Dividend Low Volatility UCITS ETFIE00BZ4BMM98 28 0,30% p.a. Distribueren Ierland Volledige replicatie
WisdomTree Europe Equity UCITS ETF USD HedgedIE00BVXBH163 23 0,58% p.a. Distribueren Ierland Volledige replicatie
Amundi S&P Eurozone Dividend Aristocrat ESG UCITS ETF DistLU0959210278 20 0,30% p.a. Distribueren Luxemburg Volledige replicatie
Fidelity Europe Quality Income UCITS ETFIE00BYSX4176 20 0,30% p.a. Distribueren Ierland Volledige replicatie
Fidelity Europe Quality Income UCITS ETFIE00BYSX4283 15 0,30% p.a. Accumulerend Ierland Volledige replicatie
WisdomTree Europe Equity UCITS ETF EUR AccIE00BYQCZX56 9 0,32% p.a. Accumulerend Ierland Volledige replicatie
SPDR S&P Euro Dividend Aristocrats ESG UCITS ETF (Dist)IE00BYTH5T38 6 0,30% p.a. Distribueren Ierland Volledige replicatie
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) EUR (Acc)DE000A2QP380 2 0,32% p.a. Accumulerend Duitsland Volledige replicatie

Source: justETF.com; As of 20-11-2024

 

Find the best European Dividend ETF

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 %
Invesco EURO STOXX High Dividend Low Volatility UCITS ETF -2,48% 0,42% 4,17% 23,60% 19,32%
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF -2,63% -0,30% 4,86% 23,35% 29,63%
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) -3,23% -0,16% 5,52% 22,54% 18,68%
Amundi S&P Eurozone Dividend Aristocrat ESG UCITS ETF Dist -2,62% 0,49% 6,66% 21,28% 13,30%
SPDR S&P Euro Dividend Aristocrats ESG UCITS ETF (Dist) -2,57% 0,50% 6,66% 21,21% 13,90%
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) -4,08% -2,39% 3,26% 21,18% 35,81%
Franklin European Quality Dividend UCITS ETF -2,05% 1,88% 7,45% 20,31% 26,69%
iShares Euro Dividend UCITS ETF -2,59% -0,94% 2,49% 20,30% 0,77%
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) -2,62% -0,94% 2,46% 20,30% 0,67%
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) EUR (Acc) -2,49% -0,78% 2,62% 20,28% -
Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D -1,58% -0,14% 2,08% 19,20% 19,88%
Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (C) -3,01% -0,35% 5,61% 19,19% 34,12%
Fidelity Europe Quality Income UCITS ETF -3,24% -2,23% 1,77% 18,23% 8,43%
Fidelity Europe Quality Income UCITS ETF -3,45% -2,32% 1,73% 17,97% 8,33%
iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) -2,19% -2,92% 2,10% 17,51% 8,08%
Amundi Stoxx Europe Select Dividend 30 UCITS ETF Dist -2,15% -2,93% 2,05% 17,41% 7,69%
WisdomTree Europe Equity UCITS ETF EUR Acc -3,71% -2,94% -5,34% 14,48% 13,77%
WisdomTree Europe Equity UCITS ETF USD Hedged -0,75% -2,72% -5,90% 13,51% 29,17%
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (C) -3,37% -1,97% -2,10% 11,37% 17,01%
WisdomTree Europe Equity Income UCITS ETF -2,92% -2,61% -1,45% 11,30% 22,51%
ETF   2024
in %		 2023
in %		 2022
in %		 2021
in %		 2020
in %
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF 12,45% 17,83% -4,10% - -
Franklin European Quality Dividend UCITS ETF 12,10% 10,99% -0,93% 17,40% -4,33%
Invesco EURO STOXX High Dividend Low Volatility UCITS ETF 11,55% 14,27% -9,04% 21,40% -18,03%
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) 10,68% 18,39% -11,37% 14,90% -11,97%
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) 10,63% 15,74% 0,06% 19,90% -10,06%
Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D 10,17% 18,33% -10,17% 19,28% -9,31%
Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (C) 9,88% 14,59% 1,09% 18,03% -9,59%
SPDR S&P Euro Dividend Aristocrats ESG UCITS ETF (Dist) 9,86% 16,17% -13,59% - -
Amundi S&P Eurozone Dividend Aristocrat ESG UCITS ETF Dist 9,83% 16,12% -13,95% 16,26% -8,35%
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) EUR (Acc) 8,97% 4,46% -13,68% - -
iShares Euro Dividend UCITS ETF 8,88% 4,53% -13,77% 23,98% -17,65%
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) 8,87% 4,54% -13,87% 23,54% -17,87%
Fidelity Europe Quality Income UCITS ETF 5,97% 18,12% -16,29% 25,35% -2,41%
Fidelity Europe Quality Income UCITS ETF 5,75% 18,42% -16,44% 25,37% -2,47%
WisdomTree Europe Equity UCITS ETF USD Hedged 5,13% 21,30% -4,50% 34,06% -10,91%
iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) 4,56% 11,02% -10,25% 23,53% -9,51%
Amundi Stoxx Europe Select Dividend 30 UCITS ETF Dist 4,46% 10,71% -10,14% 24,46% -9,65%
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (C) 3,48% 16,71% -6,69% 16,40% -6,39%
WisdomTree Europe Equity Income UCITS ETF 2,42% 15,73% -0,50% 18,90% -18,30%
WisdomTree Europe Equity UCITS ETF EUR Acc 2,20% 22,57% -12,51% 23,48% -3,99%

Source: justETF.com; As of 31-10-2024; Calculations in EUR including dividends