AYEU.DE vs. VDIV.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while VDIV.DE tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, AYEU.DE returned 9.09%/yr vs 17.99%/yr for VDIV.DE. A 0.58 correlation means they provide meaningful diversification when combined. AYEU.DE charges 0.40%/yr vs 0.38%/yr for VDIV.DE.
Performance
AYEU.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEU.DE achieves a 16.81% return, which is significantly higher than VDIV.DE's 12.05% return.
AYEU.DE
- 1D
- 1.09%
- 1M
- -3.25%
- 6M
- 16.81%
- YTD
- 16.81%
- 1Y
- 22.71%
- 3Y*
- 14.16%
- 5Y*
- 9.09%
- 10Y*
- —
VDIV.DE
- 1D
- 0.46%
- 1M
- 2.31%
- 6M
- 11.24%
- YTD
- 12.05%
- 1Y
- 28.66%
- 3Y*
- 20.20%
- 5Y*
- 17.99%
- 10Y*
- —
AYEU.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | 16.04% | 15.64% | -17.79% | 20.32% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 12.05% | 24.58% | 15.66% | 11.45% | 15.47% | 12.21% |
Correlation
The correlation between AYEU.DE and VDIV.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.58 |
Over the past year, the correlation between AYEU.DE and VDIV.DE has dropped to 0.35 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
AYEU.DE vs. VDIV.DE — Risk / Return Rank
AYEU.DE
VDIV.DE
AYEU.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.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.
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.
| AYEU.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.56 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 7.75 | -4.93 |
| Martin ratioReturn relative to average drawdown | 9.05 | 22.51 | -13.46 |
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Drawdowns
AYEU.DE vs. VDIV.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, smaller than the maximum VDIV.DE drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and VDIV.DE.
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Drawdown Indicators
| AYEU.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -36.13% | +14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -3.68% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -15.13% | -6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -15.13% | -6.99% |
Current DrawdownCurrent decline from peak | -3.25% | -0.37% | -2.88% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -4.19% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.27% | +1.23% |
Volatility
AYEU.DE vs. VDIV.DE - Volatility Comparison
iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) has a higher volatility of 5.11% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.56%. This indicates that AYEU.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
| AYEU.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 2.56% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 7.18% | +5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 9.52% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 11.95% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 15.32% | +0.55% |
AYEU.DE vs. VDIV.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than VDIV.DE's 0.38% expense ratio.
Dividends
AYEU.DE vs. VDIV.DE - Dividend Comparison
AYEU.DE has not paid dividends to shareholders, while VDIV.DE's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.13% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% |
Frequently Asked Questions
AYEU.DE and VDIV.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDIV.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDIV.DE is cheaper with a 0.38% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for AYEU.DE and 0.38% for VDIV.DE.
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