IAU vs. TDIV.AS
IAU (iShares Gold Trust) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - IAU is a Gold fund tracking the LBMA Gold Price, while TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, IAU returned 11.43%/yr vs 12.55%/yr for TDIV.AS. At a 0.19 correlation, their price movements are largely independent. IAU charges 0.25%/yr vs 0.38%/yr for TDIV.AS.
Performance
IAU vs. TDIV.AS - Performance Comparison
Loading charts...
Different Trading Currencies
IAU is traded in USD, while TDIV.AS is traded in EUR. To make them comparable, the TDIV.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IAU achieves a -7.17% return, which is significantly lower than TDIV.AS's 11.34% return. Over the past 10 years, IAU has underperformed TDIV.AS with an annualized return of 11.43%, while TDIV.AS has yielded a comparatively higher 12.55% annualized return.
IAU
- 1D
- -0.20%
- 1M
- -5.02%
- 6M
- -12.66%
- YTD
- -7.17%
- 1Y
- 19.36%
- 3Y*
- 26.56%
- 5Y*
- 17.02%
- 10Y*
- 11.43%
- ALL TIME*
- 10.67%
TDIV.AS
- 1D
- -0.46%
- 1M
- 3.45%
- 6M
- 10.36%
- YTD
- 11.34%
- 1Y
- 28.96%
- 3Y*
- 21.96%
- 5Y*
- 17.87%
- 10Y*
- 12.55%
- ALL TIME*
- 12.69%
IAU vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | -7.17% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.34% | 41.10% | 8.73% | 15.28% | 8.47% | 19.12% | -2.20% | 18.61% | -11.46% | 17.43% |
Correlation
The correlation between IAU and TDIV.AS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.19 |
The correlation between IAU and TDIV.AS shifts across timeframes, from 0.19 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IAU vs. TDIV.AS — Risk / Return Rank
IAU
TDIV.AS
IAU vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.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.
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.
| IAU | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.46 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 5.50 | -4.76 |
| Martin ratioReturn relative to average drawdown | 1.72 | 14.27 | -12.55 |
Loading charts...
Drawdowns
IAU vs. TDIV.AS - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, which is greater than TDIV.AS's maximum drawdown of -37.99%. Use the drawdown chart below to compare losses from any high point for IAU and TDIV.AS.
Loading charts...
Drawdown Indicators
| IAU | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -37.99% | -7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -26.36% | -5.20% | -21.16% |
Max Drawdown (3Y)Largest decline over 3 years | -26.36% | -15.23% | -11.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.36% | -18.49% | -7.87% |
Max Drawdown (10Y)Largest decline over 10 years | -26.36% | -37.99% | +11.63% |
Current DrawdownCurrent decline from peak | -25.81% | -0.46% | -25.35% |
Average DrawdownAverage peak-to-trough decline | -16.00% | -4.73% | -11.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.25% | 2.01% | +9.24% |
Volatility
IAU vs. TDIV.AS - Volatility Comparison
iShares Gold Trust (IAU) has a higher volatility of 6.34% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.58%. This indicates that IAU's price experiences larger fluctuations and is considered to be riskier than TDIV.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IAU | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 2.58% | +3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 24.03% | 8.27% | +15.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 10.88% | +16.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 15.12% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 15.80% | +0.25% |
IAU vs. TDIV.AS - Expense Ratio Comparison
IAU has a 0.25% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.
Dividends
IAU vs. TDIV.AS - Dividend Comparison
IAU has not paid dividends to shareholders, while TDIV.AS's dividend yield for the trailing twelve months is around 3.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.06% | 3.58% | 4.19% | 4.98% | 4.58% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
Frequently Asked Questions
IAU and TDIV.AS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAU is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAU is cheaper with a 0.25% expense ratio, compared with 0.38% for TDIV.AS.
IAU is categorized as Gold, while TDIV.AS is Global Equity Income. IAU tracks LBMA Gold Price, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.25% for IAU and 0.38% for TDIV.AS.
Find the right allocation for IAU and TDIV.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer