3466.HK vs. TDIV.AS

Last updated Jun 26, 2026

3466.HK (Hang Seng High Dividend 30 Index ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - 3466.HK is a Dividend fund tracking the Hang Seng High Dividend 30 Index, while TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past year, 3466.HK returned 19.41% vs 25.36% for TDIV.AS. At a 0.21 correlation, their price movements are largely independent. 3466.HK charges 0.55%/yr vs 0.38%/yr for TDIV.AS.

Performance

3466.HK vs. TDIV.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Hang Seng High Dividend 30 Index ETF (3466.HK) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3466.HK is traded in HKD, while TDIV.AS is traded in EUR. To make them comparable, the TDIV.AS values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3466.HK achieves a -0.87% return, which is significantly lower than TDIV.AS's 7.77% return.

3466.HK

• 1D: 0.00%
• 1M: -13.73%
• YTD: -0.87%
• 6M: -1.67%
• 1Y: 19.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDIV.AS

• 1D: 0.29%
• 1M: -2.85%
• YTD: 7.77%
• 6M: 8.24%
• 1Y: 25.36%
• 3Y*: 22.49%
• 5Y*: 16.75%
• 10Y*: 13.06%

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

3466.HK vs. TDIV.AS - Yearly Performance Comparison

	2026 (YTD)	2025
3466.HK Hang Seng High Dividend 30 Index ETF	-0.87%	37.81%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	7.77%	23.37%

Correlation

The correlation between 3466.HK and TDIV.AS is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025	0.21

Return for Risk

3466.HK vs. TDIV.AS — Risk / Return Rank

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

3466.HK

3466.HK Risk / Return Rank: 39
3466.HK Sharpe Ratio Rank: 43
3466.HK Sortino Ratio Rank: 41
3466.HK Omega Ratio Rank: 42
3466.HK Calmar Ratio Rank: 29
3466.HK Martin Ratio Rank: 40

TDIV.AS

TDIV.AS Risk / Return Rank: 95
TDIV.AS Sharpe Ratio Rank: 94
TDIV.AS Sortino Ratio Rank: 95
TDIV.AS Omega Ratio Rank: 93
TDIV.AS Calmar Ratio Rank: 96
TDIV.AS Martin Ratio Rank: 94

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.

3466.HK vs. TDIV.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hang Seng High Dividend 30 Index ETF (3466.HK) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	3466.HK	TDIV.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.36	2.31	-0.95
Sortino ratio: Return per unit of downside risk	1.89	3.15	-1.26
Omega ratio: Gain probability vs. loss probability	1.24	1.41	-0.17
Calmar ratio: Return relative to maximum drawdown	1.29	4.94	-3.65
Martin ratio: Return relative to average drawdown	5.70	12.80	-7.10

3466.HK vs. TDIV.AS - Sharpe Ratio Comparison

The current 3466.HK Sharpe Ratio is 1.36, which is lower than the TDIV.AS Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of 3466.HK and TDIV.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

3466.HK vs. TDIV.AS - Drawdown Comparison

The maximum 3466.HK drawdown since its inception was -15.58%, smaller than the maximum TDIV.AS drawdown of -38.25%. Use the drawdown chart below to compare losses from any high point for 3466.HK and TDIV.AS.

Drawdown Indicators

	3466.HK	TDIV.AS	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-38.25%	+22.67%
Max Drawdown (1Y) Largest decline over 1 year	-15.58%	-5.06%	-10.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.25%	—
Current Drawdown Current decline from peak	-15.58%	-3.67%	-11.91%
Average Drawdown Average peak-to-trough decline	-2.12%	-4.72%	+2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	1.97%	+1.51%

Volatility

3466.HK vs. TDIV.AS - Volatility Comparison

Hang Seng High Dividend 30 Index ETF (3466.HK) has a higher volatility of 4.50% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.58%. This indicates that 3466.HK's price experiences larger fluctuations and is considered to be riskier than TDIV.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3466.HK	TDIV.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	2.58%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	11.20%	8.15%	+3.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	10.84%	+4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	15.17%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	15.83%	+1.11%

3466.HK vs. TDIV.AS - Expense Ratio Comparison

3466.HK has a 0.55% expense ratio, which is higher than TDIV.AS's 0.38% expense ratio.

Dividends

3466.HK vs. TDIV.AS - Dividend Comparison

3466.HK's dividend yield for the trailing twelve months is around 7.88%, more than TDIV.AS's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
3466.HK Hang Seng High Dividend 30 Index ETF	7.88%	4.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.17%	3.58%	4.19%	4.98%	4.58%	3.98%	4.12%	4.40%	4.93%	3.95%	1.11%

Frequently Asked Questions

Can I hold both 3466.HK and TDIV.AS in my portfolio?

3466.HK and TDIV.AS have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3466.HK or TDIV.AS?

On fees, TDIV.AS is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3466.HK or TDIV.AS?

TDIV.AS is cheaper with a 0.38% expense ratio, compared with 0.55% for 3466.HK.

What is the main difference between 3466.HK and TDIV.AS?

3466.HK is categorized as Dividend, while TDIV.AS is Global Equity Income. 3466.HK tracks Hang Seng High Dividend 30 Index, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Hang Seng Investment Management and VanEck. Their fees differ too: 0.55% for 3466.HK and 0.38% for TDIV.AS.