HDLV.DE vs. TDVX.DE
HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) and TDVX.DE (VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc) are both Dividend funds - HDLV.DE tracks the S&P 500 Low Volatility High Dividend Net Total Return Index while TDVX.DE tracks the Morningstar Developed Markets ex-US Large Cap Dividend Leaders Screened Select Index. Both are passively managed. At a 0.47 correlation, their price movements are largely independent. HDLV.DE charges 0.30%/yr vs 0.38%/yr for TDVX.DE.
Performance
HDLV.DE vs. TDVX.DE - Performance Comparison
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Returns By Period
HDLV.DE
- 1D
- 0.43%
- 1M
- 6.68%
- 6M
- 11.92%
- YTD
- 16.02%
- 1Y
- 16.81%
- 3Y*
- 11.57%
- 5Y*
- 8.25%
- 10Y*
- 6.33%
TDVX.DE
- 1D
- 0.00%
- 1M
- 3.56%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDLV.DE vs. TDVX.DE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 11.45% |
TDVX.DE VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc | -10.16% |
Correlation
The correlation between HDLV.DE and TDVX.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 20, 2026 | 0.47 |
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Return for Risk
HDLV.DE vs. TDVX.DE — Risk / Return Rank
HDLV.DE
TDVX.DE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HDLV.DE vs. TDVX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) and VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc (TDVX.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.
| HDLV.DE | TDVX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | — | — |
| Martin ratioReturn relative to average drawdown | 6.50 | — | — |
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Drawdowns
HDLV.DE vs. TDVX.DE - Drawdown Comparison
The maximum HDLV.DE drawdown since its inception was -39.21%, which is greater than TDVX.DE's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for HDLV.DE and TDVX.DE.
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Drawdown Indicators
| HDLV.DE | TDVX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -16.04% | -23.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -10.16% | +10.16% |
Average DrawdownAverage peak-to-trough decline | -8.69% | -13.28% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | — | — |
Volatility
HDLV.DE vs. TDVX.DE - Volatility Comparison
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Volatility by Period
| HDLV.DE | TDVX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 31.74% | -20.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.64% | 31.74% | -18.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 31.74% | -14.62% |
HDLV.DE vs. TDVX.DE - Expense Ratio Comparison
HDLV.DE has a 0.30% expense ratio, which is lower than TDVX.DE's 0.38% expense ratio.
Dividends
HDLV.DE vs. TDVX.DE - Dividend Comparison
HDLV.DE's dividend yield for the trailing twelve months is around 3.38%, while TDVX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.38% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
TDVX.DE VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDLV.DE and TDVX.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, HDLV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDLV.DE is cheaper with a 0.30% expense ratio, compared with 0.38% for TDVX.DE.
HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index, while TDVX.DE tracks Morningstar Developed Markets ex-US Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.30% for HDLV.DE and 0.38% for TDVX.DE.
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