GMVM.DE vs. VDIV.DE
GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - GMVM.DE is a Large Cap Blend Equities fund tracking the Morningstar US Sustainable Moat Focus, 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, GMVM.DE returned 4.14%/yr vs 17.51%/yr for VDIV.DE. A 0.68 correlation means they provide meaningful diversification when combined. GMVM.DE charges 0.49%/yr vs 0.38%/yr for VDIV.DE.
Performance
GMVM.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GMVM.DE achieves a -1.57% return, which is significantly lower than VDIV.DE's 9.79% return.
GMVM.DE
- 1D
- 0.97%
- 1M
- 2.94%
- YTD
- -1.57%
- 6M
- -3.00%
- 1Y
- 6.57%
- 3Y*
- 5.24%
- 5Y*
- 4.14%
- 10Y*
- 10.29%
VDIV.DE
- 1D
- 0.23%
- 1M
- -0.18%
- YTD
- 9.79%
- 6M
- 12.68%
- 1Y
- 25.52%
- 3Y*
- 19.95%
- 5Y*
- 17.51%
- 10Y*
- —
GMVM.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | -1.57% | -4.56% | 17.59% | 14.37% | -14.38% | 36.91% | 2.73% | 38.45% | -6.92% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.79% | 24.55% | 15.67% | 11.47% | 15.47% | 27.92% | -11.00% | 23.04% | -3.07% |
Correlation
The correlation between GMVM.DE and VDIV.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.68 |
Over the past year, the correlation between GMVM.DE and VDIV.DE has dropped to 0.45 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
GMVM.DE vs. VDIV.DE — Risk / Return Rank
GMVM.DE
VDIV.DE
GMVM.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.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.
| GMVM.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.51 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 6.94 | -6.35 |
| Martin ratioReturn relative to average drawdown | 1.37 | 20.46 | -19.08 |
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
| GMVM.DE | VDIV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.73 | -2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 1.45 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.94 | -0.33 |
Drawdowns
GMVM.DE vs. VDIV.DE - Drawdown Comparison
The maximum GMVM.DE drawdown since its inception was -32.25%, smaller than the maximum VDIV.DE drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for GMVM.DE and VDIV.DE.
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Drawdown Indicators
| GMVM.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -36.12% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -3.68% | -7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -15.12% | -10.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -15.12% | -10.62% |
Max Drawdown (10Y)Largest decline over 10 years | -32.25% | — | — |
Current DrawdownCurrent decline from peak | -10.18% | -2.39% | -7.79% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -4.22% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 1.25% | +3.44% |
Volatility
GMVM.DE vs. VDIV.DE - Volatility Comparison
VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) has a higher volatility of 3.23% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.82%. This indicates that GMVM.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
| GMVM.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 2.82% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 6.79% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 9.36% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 11.92% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 15.36% | +1.18% |
GMVM.DE vs. VDIV.DE - Expense Ratio Comparison
GMVM.DE has a 0.49% expense ratio, which is higher than VDIV.DE's 0.38% expense ratio.
Dividends
GMVM.DE vs. VDIV.DE - Dividend Comparison
GMVM.DE 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 |
|---|---|---|---|---|---|---|---|---|---|
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | 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
GMVM.DE and VDIV.DE have a correlation of 0.45, 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 0.49% for GMVM.DE.
GMVM.DE is categorized as Large Cap Blend Equities, while VDIV.DE is Global Equities. GMVM.DE tracks Morningstar US Sustainable Moat Focus, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Their fees differ too: 0.49% for GMVM.DE and 0.38% for VDIV.DE.
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