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CSPX.AS vs. TDIV.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSPX.AS vs. TDIV.AS

Last updated Jun 4, 2026

CSPX.AS (iShares Core S&P 500 UCITS ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - CSPX.AS is a S&P 500 fund tracking the S&P 500 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 10 years, CSPX.AS returned 15.02%/yr vs 12.08%/yr for TDIV.AS. A 0.67 correlation means they provide meaningful diversification when combined. CSPX.AS charges 0.07%/yr vs 0.38%/yr for TDIV.AS.

Performance

CSPX.AS vs. TDIV.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core S&P 500 UCITS ETF (CSPX.AS) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CSPX.AS achieves a 11.63% return, which is significantly higher than TDIV.AS's 9.61% return. Over the past 10 years, CSPX.AS has outperformed TDIV.AS with an annualized return of 15.02%, while TDIV.AS has yielded a comparatively lower 12.08% annualized return.

CSPX.AS

1D
-0.30%
1M
6.08%
YTD
11.63%
6M
11.61%
1Y
25.69%
3Y*
19.12%
5Y*
14.80%
10Y*
15.02%

TDIV.AS

1D
0.27%
1M
0.35%
YTD
9.61%
6M
13.02%
1Y
25.48%
3Y*
19.77%
5Y*
17.46%
10Y*
12.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPX.AS vs. TDIV.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSPX.AS
iShares Core S&P 500 UCITS ETF		11.63%4.00%33.87%22.28%-14.24%40.26%7.72%32.99%-0.36%7.13%
TDIV.AS
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF		9.61%24.40%15.98%10.91%16.18%27.85%-10.17%20.97%-7.12%2.88%

Correlation

The correlation between CSPX.AS and TDIV.AS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.67

Correlation (All Time)
Calculated using the full available price history since May 24, 2016

0.67

Over the past year, the correlation between CSPX.AS and TDIV.AS has dropped to 0.33 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P 500 UCITS ETF

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

Often compared with CSPX.AS:
CSPX.AS vs. CSPX.LCSPX.AS vs. VUSA.LCSPX.AS vs. VOOCSPX.AS vs. SPYCSPX.AS vs. CNDX.ASCSPX.AS vs. VUSD.LCSPX.AS vs. SPYL.DE
Often compared with TDIV.AS:
TDIV.AS vs. VHYL.ASTDIV.AS vs. SCHDTDIV.AS vs. JGPI.DETDIV.AS vs. FUSD.LTDIV.AS vs. VUSA.MITDIV.AS vs. FGQD.LTDIV.AS vs. QYLE.DE

Return for Risk

CSPX.AS vs. TDIV.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSPX.AS
CSPX.AS Risk / Return Rank: 6868
Overall Rank
CSPX.AS Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
CSPX.AS Sortino Ratio Rank: 6565
Sortino Ratio Rank
CSPX.AS Omega Ratio Rank: 6969
Omega Ratio Rank
CSPX.AS Calmar Ratio Rank: 7070
Calmar Ratio Rank
CSPX.AS Martin Ratio Rank: 6868
Martin Ratio Rank
TDIV.AS
TDIV.AS Risk / Return Rank: 8787
Overall Rank
TDIV.AS Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
TDIV.AS Sortino Ratio Rank: 8686
Sortino Ratio Rank
TDIV.AS Omega Ratio Rank: 8383
Omega Ratio Rank
TDIV.AS Calmar Ratio Rank: 9494
Calmar Ratio Rank
TDIV.AS Martin Ratio Rank: 8888
Martin Ratio Rank
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.

CSPX.AS vs. TDIV.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF (CSPX.AS) 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.

CSPX.ASTDIV.ASDifference
Sharpe ratioReturn per unit of total volatility
2.25
2.78

-0.52

Sortino ratioReturn per unit of downside risk
3.06
3.98

-0.92

Omega ratioGain probability vs. loss probability

1.42

1.51

-0.09

Calmar ratioReturn relative to maximum drawdown

3.57

7.16

-3.59

Martin ratioReturn relative to average drawdown

12.76

19.94

-7.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSPX.AS vs. TDIV.AS - Sharpe Ratio Comparison

The current CSPX.AS Sharpe Ratio is 2.25, which is comparable to the TDIV.AS Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of CSPX.AS 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.

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Sharpe Ratios by Period

CSPX.ASTDIV.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.25

2.78

-0.52

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

1.42

-0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.92

0.83

+0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

0.84

+0.09

Drawdowns

CSPX.AS vs. TDIV.AS - Drawdown Comparison

The maximum CSPX.AS drawdown since its inception was -33.65%, smaller than the maximum TDIV.AS drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for CSPX.AS and TDIV.AS.

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Drawdown Indicators

CSPX.ASTDIV.ASDifference

Max Drawdown

Largest peak-to-trough decline

-33.65%

-36.06%

+2.41%

Max Drawdown (1Y)

Largest decline over 1 year

-7.11%

-3.51%

-3.60%

Max Drawdown (3Y)

Largest decline over 3 years

-23.37%

-15.26%

-8.11%

Max Drawdown (5Y)

Largest decline over 5 years

-23.37%

-15.26%

-8.11%

Max Drawdown (10Y)

Largest decline over 10 years

-33.65%

-36.06%

+2.41%

Current Drawdown

Current decline from peak

-0.30%

-2.23%

+1.93%

Average Drawdown

Average peak-to-trough decline

-4.29%

-3.93%

-0.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

1.26%

+0.74%

Volatility

CSPX.AS vs. TDIV.AS - Volatility Comparison

iShares Core S&P 500 UCITS ETF (CSPX.AS) has a higher volatility of 2.64% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.42%. This indicates that CSPX.AS'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.

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Volatility by Period

CSPX.ASTDIV.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

2.42%

+0.22%

Volatility (6M)

Calculated over the trailing 6-month period

7.37%

6.64%

+0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

11.36%

9.06%

+2.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.13%

12.06%

+3.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.05%

14.32%

+1.73%

CSPX.AS vs. TDIV.AS - Expense Ratio Comparison

CSPX.AS has a 0.07% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.

Dividends

CSPX.AS vs. TDIV.AS - Dividend Comparison

CSPX.AS has not paid dividends to shareholders, while TDIV.AS's dividend yield for the trailing twelve months is around 4.94%.

PositionTTM2025202420232022202120202019201820172016
CSPX.AS
iShares Core S&P 500 UCITS ETF		0.00%0.00%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		4.94%3.58%4.19%4.98%4.55%3.98%4.12%4.40%4.93%3.95%1.11%

Frequently Asked Questions

CSPX.AS and TDIV.AS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CSPX.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSPX.AS is cheaper with a 0.07% expense ratio, compared with 0.38% for TDIV.AS.

CSPX.AS is categorized as S&P 500, while TDIV.AS is Global Equity Income. CSPX.AS tracks S&P 500 Index, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.07% for CSPX.AS and 0.38% for TDIV.AS.

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