CSCA.L vs. VDIV.DE
CSCA.L (iShares MSCI Canada UCITS ETF (USD Accumulating)) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - CSCA.L is a Canada Equities fund tracking the MSCI Canada Index, while VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, CSCA.L returned 12.56%/yr vs 17.68%/yr for VDIV.DE. A 0.60 correlation means they provide meaningful diversification when combined. CSCA.L charges 0.48%/yr vs 0.38%/yr for VDIV.DE.
Performance
CSCA.L vs. VDIV.DE - Performance Comparison
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Different Trading Currencies
CSCA.L is traded in GBp, while VDIV.DE is traded in EUR. To make them comparable, the VDIV.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSCA.L achieves a 9.66% return, which is significantly higher than VDIV.DE's 8.93% return.
CSCA.L
- 1D
- 0.52%
- 1M
- 3.48%
- YTD
- 9.66%
- 6M
- 12.09%
- 1Y
- 34.16%
- 3Y*
- 19.18%
- 5Y*
- 12.56%
- 10Y*
- 11.72%
VDIV.DE
- 1D
- 0.36%
- 1M
- 0.23%
- YTD
- 8.93%
- 6M
- 11.64%
- 1Y
- 29.03%
- 3Y*
- 20.13%
- 5Y*
- 17.68%
- 10Y*
- —
CSCA.L vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CSCA.L iShares MSCI Canada UCITS ETF (USD Accumulating) | 9.66% | 27.37% | 14.01% | 7.76% | -1.83% | 24.99% | 3.07% | 21.81% | -6.26% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 8.93% | 31.03% | 10.63% | 9.24% | 21.79% | 18.89% | -5.98% | 16.64% | -3.63% |
Correlation
The correlation between CSCA.L and VDIV.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.60 |
Over the past year, the correlation between CSCA.L and VDIV.DE has dropped to 0.38 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
CSCA.L vs. VDIV.DE — Risk / Return Rank
CSCA.L
VDIV.DE
CSCA.L vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L) 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.
| CSCA.L | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.55 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | 5.77 | -0.92 |
| Martin ratioReturn relative to average drawdown | 19.98 | 20.62 | -0.64 |
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
| CSCA.L | VDIV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 3.06 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 1.49 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.93 | -0.32 |
Drawdowns
CSCA.L vs. VDIV.DE - Drawdown Comparison
The maximum CSCA.L drawdown since its inception was -33.80%, which is greater than VDIV.DE's maximum drawdown of -29.95%. Use the drawdown chart below to compare losses from any high point for CSCA.L and VDIV.DE.
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Drawdown Indicators
| CSCA.L | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -29.95% | -3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -5.01% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -14.18% | -13.39% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -14.18% | -13.39% | -0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.04% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -3.76% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.40% | +0.31% |
Volatility
CSCA.L vs. VDIV.DE - Volatility Comparison
The current volatility for iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L) is 1.69%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) has a volatility of 2.67%. This indicates that CSCA.L experiences smaller price fluctuations and is considered to be less risky 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
| CSCA.L | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 2.67% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 7.18% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 9.44% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 11.75% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 14.82% | +2.18% |
CSCA.L vs. VDIV.DE - Expense Ratio Comparison
CSCA.L has a 0.48% expense ratio, which is higher than VDIV.DE's 0.38% expense ratio.
Dividends
CSCA.L vs. VDIV.DE - Dividend Comparison
CSCA.L has not paid dividends to shareholders, while VDIV.DE's dividend yield for the trailing twelve months is around 3.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CSCA.L iShares MSCI Canada UCITS ETF (USD Accumulating) | 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 | 3.19% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% |
Frequently Asked Questions
CSCA.L and VDIV.DE have a correlation of 0.38, 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 0.48% for CSCA.L.
CSCA.L is categorized as Canada Equities, while VDIV.DE is Global Equities. CSCA.L tracks MSCI Canada 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: 0.48% for CSCA.L and 0.38% for VDIV.DE.
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