DX2D.DE vs. VDIV.DE

Last updated Jul 4, 2026

DX2D.DE (Xtrackers LPX Private Equity Swap UCITS ETF (Acc)) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - DX2D.DE tracks the LPX Major Market 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, DX2D.DE returned 3.27%/yr vs 17.99%/yr for VDIV.DE. A 0.62 correlation means they provide meaningful diversification when combined. DX2D.DE charges 0.70%/yr vs 0.38%/yr for VDIV.DE.

Performance

DX2D.DE vs. VDIV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers LPX Private Equity Swap UCITS ETF (Acc) (DX2D.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DX2D.DE achieves a -15.03% return, which is significantly lower than VDIV.DE's 12.05% return.

DX2D.DE

• 1D: -0.28%
• 1M: 2.67%
• 6M: -14.96%
• YTD: -15.03%
• 1Y: -17.90%
• 3Y*: 7.36%
• 5Y*: 3.27%
• 10Y*: 10.70%

VDIV.DE

• 1D: 0.46%
• 1M: 2.31%
• 6M: 11.24%
• YTD: 12.05%
• 1Y: 28.66%
• 3Y*: 20.20%
• 5Y*: 17.99%
• 10Y*: —

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

DX2D.DE vs. VDIV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DX2D.DE Xtrackers LPX Private Equity Swap UCITS ETF (Acc)	-15.03%	-10.95%	31.41%	40.37%	-29.92%	64.10%	-0.69%	45.42%	-2.28%
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	12.05%	24.58%	15.66%	11.45%	15.47%	27.94%	-11.00%	23.04%	-2.35%

Correlation

The correlation between DX2D.DE and VDIV.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Dec 11, 2018	0.62

Over the past year, the correlation between DX2D.DE and VDIV.DE has dropped to 0.34 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Return for Risk

DX2D.DE vs. VDIV.DE — Risk / Return Rank

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

DX2D.DE

DX2D.DE Risk / Return Rank: 3
DX2D.DE Sharpe Ratio Rank: 2
DX2D.DE Sortino Ratio Rank: 3
DX2D.DE Omega Ratio Rank: 3
DX2D.DE Calmar Ratio Rank: 4
DX2D.DE Martin Ratio Rank: 4

VDIV.DE

VDIV.DE Risk / Return Rank: 95
VDIV.DE Sharpe Ratio Rank: 95
VDIV.DE Sortino Ratio Rank: 95
VDIV.DE Omega Ratio Rank: 94
VDIV.DE Calmar Ratio Rank: 96
VDIV.DE Martin Ratio Rank: 95

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.

DX2D.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers LPX Private Equity Swap UCITS ETF (Acc) (DX2D.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.

	DX2D.DE	VDIV.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	3.00	-3.86
Sortino ratio: Return per unit of downside risk	-1.11	4.22	-5.33
Omega ratio: Gain probability vs. loss probability	0.86	1.56	-0.70
Calmar ratio: Return relative to maximum drawdown	-0.65	7.75	-8.40
Martin ratio: Return relative to average drawdown	-1.16	22.51	-23.67

DX2D.DE vs. VDIV.DE - Sharpe Ratio Comparison

The current DX2D.DE Sharpe Ratio is -0.87, which is lower than the VDIV.DE Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of DX2D.DE and VDIV.DE, 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

DX2D.DE vs. VDIV.DE - Drawdown Comparison

The maximum DX2D.DE drawdown since its inception was -76.50%, which is greater than VDIV.DE's maximum drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for DX2D.DE and VDIV.DE.

Drawdown Indicators

	DX2D.DE	VDIV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-76.50%	-36.13%	-40.37%
Max Drawdown (1Y) Largest decline over 1 year	-27.39%	-3.68%	-23.71%
Max Drawdown (3Y) Largest decline over 3 years	-35.34%	-15.13%	-20.21%
Max Drawdown (5Y) Largest decline over 5 years	-36.85%	-15.13%	-21.72%
Max Drawdown (10Y) Largest decline over 10 years	-48.24%	—	—
Current Drawdown Current decline from peak	-30.56%	-0.37%	-30.19%
Average Drawdown Average peak-to-trough decline	-15.75%	-4.19%	-11.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.43%	1.27%	+14.16%

Volatility

DX2D.DE vs. VDIV.DE - Volatility Comparison

Xtrackers LPX Private Equity Swap UCITS ETF (Acc) (DX2D.DE) has a higher volatility of 5.46% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.56%. This indicates that DX2D.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.

Volatility by Period

	DX2D.DE	VDIV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	2.56%	+2.90%
Volatility (6M) Calculated over the trailing 6-month period	16.67%	7.18%	+9.49%
Volatility (1Y) Calculated over the trailing 1-year period	20.70%	9.52%	+11.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.49%	11.95%	+11.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	15.32%	+7.70%

DX2D.DE vs. VDIV.DE - Expense Ratio Comparison

DX2D.DE has a 0.70% expense ratio, which is higher than VDIV.DE's 0.38% expense ratio.

Dividends

DX2D.DE vs. VDIV.DE - Dividend Comparison

DX2D.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
DX2D.DE Xtrackers LPX Private Equity Swap UCITS ETF (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

Can I hold both DX2D.DE and VDIV.DE in my portfolio?

DX2D.DE and VDIV.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DX2D.DE or VDIV.DE?

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.

Which ETF is cheaper, DX2D.DE or VDIV.DE?

VDIV.DE is cheaper with a 0.38% expense ratio, compared with 0.70% for DX2D.DE.

What is the main difference between DX2D.DE and VDIV.DE?

DX2D.DE tracks LPX Major Market Index, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.70% for DX2D.DE and 0.38% for VDIV.DE.