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IAEX.AS vs. TDT.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAEX.AS vs. TDT.AS

Last updated Jun 5, 2026

IAEX.AS (iShares AEX UCITS ETF) and TDT.AS (VanEck AEX UCITS ETF) are both Europe Equities funds tracking the Euronext AEX All Share TR EUR, from iShares and VanEck respectively. Both are passively managed. Over the past 10 years, IAEX.AS returned 11.40%/yr vs 11.70%/yr for TDT.AS. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.

Performance

IAEX.AS vs. TDT.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares AEX UCITS ETF (IAEX.AS) and VanEck AEX UCITS ETF (TDT.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IAEX.AS having a 11.70% return and TDT.AS slightly higher at 11.73%. Both investments have delivered pretty close results over the past 10 years, with IAEX.AS having a 11.40% annualized return and TDT.AS not far ahead at 11.70%.

IAEX.AS

1D
0.32%
1M
3.90%
YTD
11.70%
6M
11.74%
1Y
15.72%
3Y*
13.58%
5Y*
10.11%
10Y*
11.40%

TDT.AS

1D
0.21%
1M
3.97%
YTD
11.73%
6M
11.77%
1Y
15.84%
3Y*
13.79%
5Y*
10.32%
10Y*
11.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAEX.AS vs. TDT.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAEX.AS
iShares AEX UCITS ETF		11.70%10.37%14.23%16.75%-12.11%30.21%4.78%27.67%-8.03%15.97%
TDT.AS
VanEck AEX UCITS ETF		11.73%10.57%14.47%16.93%-12.00%30.49%5.32%28.01%-7.60%16.18%

Correlation

The correlation between IAEX.AS and TDT.AS is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.99

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

0.99

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

0.99

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

1.00

Correlation (All Time)
Calculated using the full available price history since Dec 15, 2009

0.98

The correlation between IAEX.AS and TDT.AS has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

iShares AEX UCITS ETF

VanEck AEX UCITS ETF

Often compared with IAEX.AS:
IAEX.AS vs. VMID.DEIAEX.AS vs. VOOIAEX.AS vs. VUSA.ASIAEX.AS vs. ^FCHIIAEX.AS vs. CSPX.ASIAEX.AS vs. ^NDXIAEX.AS vs. SLV
Often compared with TDT.AS:
TDT.AS vs. TDIV.ASTDT.AS vs. VOOTDT.AS vs. ISX5.LTDT.AS vs. VEUR.ASTDT.AS vs. IUSA.LTDT.AS vs. IMAE.ASTDT.AS vs. VUSA.AS

Return for Risk

IAEX.AS vs. TDT.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAEX.AS
IAEX.AS Risk / Return Rank: 3636
Overall Rank
IAEX.AS Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
IAEX.AS Sortino Ratio Rank: 3232
Sortino Ratio Rank
IAEX.AS Omega Ratio Rank: 3131
Omega Ratio Rank
IAEX.AS Calmar Ratio Rank: 4646
Calmar Ratio Rank
IAEX.AS Martin Ratio Rank: 3737
Martin Ratio Rank
TDT.AS
TDT.AS Risk / Return Rank: 3636
Overall Rank
TDT.AS Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
TDT.AS Sortino Ratio Rank: 3232
Sortino Ratio Rank
TDT.AS Omega Ratio Rank: 3232
Omega Ratio Rank
TDT.AS Calmar Ratio Rank: 4646
Calmar Ratio Rank
TDT.AS Martin Ratio Rank: 3737
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.

IAEX.AS vs. TDT.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares AEX UCITS ETF (IAEX.AS) and VanEck AEX UCITS ETF (TDT.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.

IAEX.ASTDT.ASDifference
Sharpe ratioReturn per unit of total volatility
1.17
1.17

0.00

Sortino ratioReturn per unit of downside risk
1.69
1.71

-0.02

Omega ratioGain probability vs. loss probability

1.21

1.21

0.00

Calmar ratioReturn relative to maximum drawdown

2.29

2.23

+0.05

Martin ratioReturn relative to average drawdown

5.61

5.59

+0.01

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

IAEX.AS vs. TDT.AS - Sharpe Ratio Comparison

The current IAEX.AS Sharpe Ratio is 1.17, which is comparable to the TDT.AS Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of IAEX.AS and TDT.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

IAEX.ASTDT.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.17

1.17

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.66

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.71

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.60

-0.29

Drawdowns

IAEX.AS vs. TDT.AS - Drawdown Comparison

The maximum IAEX.AS drawdown since its inception was -64.96%, which is greater than TDT.AS's maximum drawdown of -35.61%. Use the drawdown chart below to compare losses from any high point for IAEX.AS and TDT.AS.

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Drawdown Indicators

IAEX.ASTDT.ASDifference

Max Drawdown

Largest peak-to-trough decline

-64.96%

-35.61%

-29.35%

Max Drawdown (1Y)

Largest decline over 1 year

-6.78%

-7.00%

+0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-15.83%

-15.87%

+0.04%

Max Drawdown (5Y)

Largest decline over 5 years

-22.39%

-22.17%

-0.22%

Max Drawdown (10Y)

Largest decline over 10 years

-35.49%

-35.61%

+0.12%

Current Drawdown

Current decline from peak

-0.60%

-0.52%

-0.08%

Average Drawdown

Average peak-to-trough decline

-17.21%

-5.63%

-11.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

2.81%

-0.02%

Volatility

IAEX.AS vs. TDT.AS - Volatility Comparison

iShares AEX UCITS ETF (IAEX.AS) and VanEck AEX UCITS ETF (TDT.AS) have volatilities of 3.84% and 3.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IAEX.ASTDT.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.84%

3.79%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

10.55%

10.69%

-0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

13.25%

13.34%

-0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.45%

15.38%

+0.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.22%

16.22%

0.00%

IAEX.AS vs. TDT.AS - Expense Ratio Comparison

Both IAEX.AS and TDT.AS have an expense ratio of 0.30%.

Dividends

IAEX.AS vs. TDT.AS - Dividend Comparison

IAEX.AS's dividend yield for the trailing twelve months is around 1.84%, less than TDT.AS's 2.02% yield.

PositionTTM20252024202320222021202020192018201720162015
IAEX.AS
iShares AEX UCITS ETF		1.84%2.07%2.13%2.12%2.28%1.54%1.23%2.79%3.15%2.74%2.86%2.90%
TDT.AS
VanEck AEX UCITS ETF		2.02%2.28%2.40%2.24%2.32%1.69%1.75%3.24%3.37%3.04%3.28%2.54%

Frequently Asked Questions

With a correlation of 0.99, IAEX.AS and TDT.AS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IAEX.AS and TDT.AS have the same expense ratio: 0.30% per year.

Both ETFs track Euronext AEX All Share TR EUR. They also come from different issuers: iShares and VanEck.

Portfolio Optimizer

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