EMND.DE vs. VDIV.DE
EMND.DE (iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - EMND.DE tracks the MSCI World ESG Enhanced Focus while VDIV.DE tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, EMND.DE returned 11.70%/yr vs 17.51%/yr for VDIV.DE. A 0.71 correlation means they provide meaningful diversification when combined. EMND.DE charges 0.20%/yr vs 0.38%/yr for VDIV.DE.
Performance
EMND.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EMND.DE having a 10.17% return and VDIV.DE slightly lower at 9.79%.
EMND.DE
- 1D
- 0.02%
- 1M
- 3.68%
- YTD
- 10.17%
- 6M
- 10.17%
- 1Y
- 21.70%
- 3Y*
- 16.08%
- 5Y*
- 11.70%
- 10Y*
- —
VDIV.DE
- 1D
- 0.23%
- 1M
- -0.18%
- YTD
- 9.79%
- 6M
- 12.68%
- 1Y
- 25.52%
- 3Y*
- 19.95%
- 5Y*
- 17.51%
- 10Y*
- —
EMND.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMND.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 10.17% | 6.20% | 25.02% | 18.82% | -15.24% | 33.96% | 7.28% | 12.63% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.79% | 24.55% | 15.67% | 11.47% | 15.47% | 27.92% | -11.00% | 8.38% |
Correlation
The correlation between EMND.DE and VDIV.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.71 |
Over the past year, the correlation between EMND.DE and VDIV.DE has dropped to 0.47 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
EMND.DE vs. VDIV.DE — Risk / Return Rank
EMND.DE
VDIV.DE
EMND.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EMND.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.
| EMND.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.51 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 6.94 | -3.86 |
| Martin ratioReturn relative to average drawdown | 12.00 | 20.46 | -8.46 |
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
| EMND.DE | VDIV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 2.73 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.45 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.94 | -0.15 |
Drawdowns
EMND.DE vs. VDIV.DE - Drawdown Comparison
The maximum EMND.DE drawdown since its inception was -33.15%, smaller than the maximum VDIV.DE drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for EMND.DE and VDIV.DE.
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Drawdown Indicators
| EMND.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.15% | -36.12% | +2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -3.68% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -21.24% | -15.12% | -6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -15.12% | -6.12% |
Current DrawdownCurrent decline from peak | -0.33% | -2.39% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.22% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.25% | +0.56% |
Volatility
EMND.DE vs. VDIV.DE - Volatility Comparison
The current volatility for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EMND.DE) is 2.65%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) has a volatility of 2.82%. This indicates that EMND.DE 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
| EMND.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.82% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 6.79% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 9.36% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 11.92% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 15.36% | +0.94% |
EMND.DE vs. VDIV.DE - Expense Ratio Comparison
EMND.DE has a 0.20% expense ratio, which is lower than VDIV.DE's 0.38% expense ratio.
Dividends
EMND.DE vs. VDIV.DE - Dividend Comparison
EMND.DE's dividend yield for the trailing twelve months is around 0.93%, less than VDIV.DE's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EMND.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 0.93% | 1.03% | 1.28% | 1.47% | 2.54% | 1.70% | 1.83% | 1.30% | 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
EMND.DE and VDIV.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMND.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMND.DE is cheaper with a 0.20% expense ratio, compared with 0.38% for VDIV.DE.
EMND.DE tracks MSCI World ESG Enhanced Focus, 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: 0.20% for EMND.DE and 0.38% for VDIV.DE.
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