04Q.DE vs. VDIV.DE
04Q.DE (Nordea Bank Abp) is a stock, while VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) is Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Over the past 3 years, 04Q.DE returned 28.76%/yr vs 19.95%/yr for VDIV.DE. At a 0.42 correlation, their price movements are largely independent.
Performance
04Q.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 04Q.DE achieves a 7.59% return, which is significantly lower than VDIV.DE's 9.79% return.
04Q.DE
- 1D
- 0.34%
- 1M
- 1.95%
- YTD
- 7.59%
- 6M
- 12.05%
- 1Y
- 35.87%
- 3Y*
- 28.76%
- 5Y*
- —
- 10Y*
- —
VDIV.DE
- 1D
- 0.23%
- 1M
- -0.18%
- YTD
- 9.79%
- 6M
- 12.68%
- 1Y
- 25.52%
- 3Y*
- 19.95%
- 5Y*
- 17.51%
- 10Y*
- —
04Q.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
04Q.DE Nordea Bank Abp | 7.59% | 64.85% | 1.64% | 20.34% | 0.43% | 0.54% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.79% | 24.55% | 15.67% | 11.47% | 15.47% | 4.60% |
Correlation
The correlation between 04Q.DE and VDIV.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2021 | 0.42 |
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Return for Risk
04Q.DE vs. VDIV.DE — Risk / Return Rank
04Q.DE
VDIV.DE
04Q.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordea Bank Abp (04Q.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE). 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.
| 04Q.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.51 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 6.94 | -4.02 |
| Martin ratioReturn relative to average drawdown | 9.74 | 20.46 | -10.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 04Q.DE | VDIV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 2.73 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.94 | -0.13 |
Drawdowns
04Q.DE vs. VDIV.DE - Drawdown Comparison
The maximum 04Q.DE drawdown since its inception was -28.60%, smaller than the maximum VDIV.DE drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for 04Q.DE and VDIV.DE.
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Drawdown Indicators
| 04Q.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.60% | -36.12% | +7.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -3.68% | -8.43% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -15.12% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.12% | — |
Current DrawdownCurrent decline from peak | -3.63% | -2.39% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -4.22% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 1.25% | +2.38% |
Volatility
04Q.DE vs. VDIV.DE - Volatility Comparison
Nordea Bank Abp (04Q.DE) has a higher volatility of 5.47% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.82%. This indicates that 04Q.DE's price experiences larger fluctuations and is considered to be riskier than VDIV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 04Q.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 2.82% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 6.79% | +9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.18% | 9.36% | +11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.40% | 11.92% | +15.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 15.36% | +12.04% |
Dividends
04Q.DE vs. VDIV.DE - Dividend Comparison
04Q.DE's dividend yield for the trailing twelve months is around 5.93%, more than VDIV.DE's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
04Q.DE Nordea Bank Abp | 5.93% | 5.85% | 8.75% | 7.10% | 6.81% | 0.00% | 0.00% | 0.00% | 0.00% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.19% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% |
Frequently Asked Questions
04Q.DE and VDIV.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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