IEDY.L vs. GBDV.L
IEDY.L (iShares EM Dividend UCITS ETF USD (Dist)) and GBDV.L (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - IEDY.L is a Dividend fund tracking the iShares EM Dividend UCITS ETF USD (Dist), while GBDV.L is a Global Equities fund tracking the S&P Global Dividend Aristocrats index. Both are passively managed. Over the past 10 years, IEDY.L returned 6.30%/yr vs 6.63%/yr for GBDV.L. A 0.63 correlation means they provide meaningful diversification when combined. IEDY.L charges 0.65%/yr vs 0.45%/yr for GBDV.L.
Performance
IEDY.L vs. GBDV.L - Performance Comparison
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Different Trading Currencies
IEDY.L is traded in USD, while GBDV.L is traded in GBP. To make them comparable, the GBDV.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEDY.L achieves a 9.51% return, which is significantly lower than GBDV.L's 11.04% return. Over the past 10 years, IEDY.L has underperformed GBDV.L with an annualized return of 6.30%, while GBDV.L has yielded a comparatively higher 6.63% annualized return.
IEDY.L
- 1D
- 0.11%
- 1M
- -2.31%
- 6M
- 4.97%
- YTD
- 9.51%
- 1Y
- 22.53%
- 3Y*
- 18.74%
- 5Y*
- 4.86%
- 10Y*
- 6.30%
GBDV.L
- 1D
- 1.11%
- 1M
- 2.45%
- 6M
- 8.48%
- YTD
- 11.04%
- 1Y
- 17.78%
- 3Y*
- 14.87%
- 5Y*
- 7.33%
- 10Y*
- 6.63%
IEDY.L vs. GBDV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEDY.L iShares EM Dividend UCITS ETF USD (Dist) | 9.51% | 27.60% | 7.02% | 19.23% | -30.77% | 11.02% | -2.56% | 13.94% | -5.15% | 25.92% |
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS | 11.04% | 17.50% | 7.17% | 6.57% | -6.61% | 15.63% | -9.43% | 20.47% | -9.28% | 18.46% |
Correlation
The correlation between IEDY.L and GBDV.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.63 |
Over the past year, the correlation between IEDY.L and GBDV.L has dropped to 0.41 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
IEDY.L vs. GBDV.L — Risk / Return Rank
IEDY.L
GBDV.L
IEDY.L vs. GBDV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EM Dividend UCITS ETF USD (Dist) (IEDY.L) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L). 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.
| IEDY.L | GBDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.35 | +0.13 |
| Martin ratioReturn relative to average drawdown | 7.27 | 7.06 | +0.21 |
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Drawdowns
IEDY.L vs. GBDV.L - Drawdown Comparison
The maximum IEDY.L drawdown since its inception was -48.42%, which is greater than GBDV.L's maximum drawdown of -41.93%. Use the drawdown chart below to compare losses from any high point for IEDY.L and GBDV.L.
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Drawdown Indicators
| IEDY.L | GBDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.42% | -41.93% | -6.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -7.53% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -14.34% | -12.19% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -41.24% | -21.29% | -19.95% |
Max Drawdown (10Y)Largest decline over 10 years | -41.24% | -41.93% | +0.69% |
Current DrawdownCurrent decline from peak | -5.04% | 0.00% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -15.43% | -14.40% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.51% | +0.56% |
Volatility
IEDY.L vs. GBDV.L - Volatility Comparison
iShares EM Dividend UCITS ETF USD (Dist) (IEDY.L) has a higher volatility of 4.04% compared to SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) at 2.63%. This indicates that IEDY.L's price experiences larger fluctuations and is considered to be riskier than GBDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEDY.L | GBDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 2.63% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 7.12% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 9.71% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 13.87% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 15.57% | +2.79% |
IEDY.L vs. GBDV.L - Expense Ratio Comparison
IEDY.L has a 0.65% expense ratio, which is higher than GBDV.L's 0.45% expense ratio.
Dividends
IEDY.L vs. GBDV.L - Dividend Comparison
IEDY.L's dividend yield for the trailing twelve months is around 5.09%, more than GBDV.L's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS | 3.78% | 4.21% | 3.80% | 4.25% | 4.26% | 3.68% | 3.91% | 3.60% | 3.87% | 3.28% | 3.49% | 3.73% |
IEDY.L iShares EM Dividend UCITS ETF USD (Dist) | 5.09% | 5.72% | 7.94% | 7.91% | 9.38% | 6.57% | 4.79% | 5.59% | 5.69% | 3.96% | 4.59% | 6.51% |
Frequently Asked Questions
IEDY.L and GBDV.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBDV.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBDV.L is cheaper with a 0.45% expense ratio, compared with 0.65% for IEDY.L.
IEDY.L is categorized as Dividend, while GBDV.L is Global Equities. IEDY.L tracks iShares EM Dividend UCITS ETF USD (Dist), while GBDV.L tracks S&P Global Dividend Aristocrats index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.65% for IEDY.L and 0.45% for GBDV.L.
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