IEVL.L vs. TDIV.AS
IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - IEVL.L is a Europe Equities fund tracking the MSCI Europe Enhanced Value Index, 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, IEVL.L returned 10.93%/yr vs 12.10%/yr for TDIV.AS. A 0.80 correlation means they provide meaningful diversification when combined. IEVL.L charges 0.25%/yr vs 0.38%/yr for TDIV.AS.
Performance
IEVL.L vs. TDIV.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IEVL.L having a 15.33% return and TDIV.AS slightly lower at 14.59%. Over the past 10 years, IEVL.L has underperformed TDIV.AS with an annualized return of 10.93%, while TDIV.AS has yielded a comparatively higher 12.10% annualized return.
IEVL.L
- 1D
- -0.36%
- 1M
- 0.96%
- 6M
- 12.86%
- YTD
- 15.33%
- 1Y
- 32.91%
- 3Y*
- 20.62%
- 5Y*
- 15.46%
- 10Y*
- 10.93%
- ALL TIME*
- 8.97%
TDIV.AS
- 1D
- -0.24%
- 1M
- 3.97%
- 6M
- 12.62%
- YTD
- 14.59%
- 1Y
- 31.36%
- 3Y*
- 20.92%
- 5Y*
- 18.64%
- 10Y*
- 12.10%
- ALL TIME*
- 12.50%
IEVL.L vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 15.33% | 35.04% | 10.57% | 13.52% | -3.79% | 26.68% | -8.75% | 21.79% | -13.55% | 10.54% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 14.59% | 24.39% | 15.90% | 11.75% | 15.40% | 27.83% | -10.16% | 20.97% | -7.12% | 2.88% |
Correlation
The correlation between IEVL.L and TDIV.AS is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.80 |
The correlation between IEVL.L and TDIV.AS shifts across timeframes, from 0.60 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEVL.L vs. TDIV.AS — Risk / Return Rank
IEVL.L
TDIV.AS
IEVL.L vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) 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.
| IEVL.L | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.63 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 8.81 | -5.46 |
| Martin ratioReturn relative to average drawdown | 12.57 | 24.98 | -12.41 |
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Drawdowns
IEVL.L vs. TDIV.AS - Drawdown Comparison
The maximum IEVL.L drawdown since its inception was -40.09%, which is greater than TDIV.AS's maximum drawdown of -36.10%. Use the drawdown chart below to compare losses from any high point for IEVL.L and TDIV.AS.
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Drawdown Indicators
| IEVL.L | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.09% | -36.10% | -3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -3.51% | -6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -15.88% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -15.88% | -3.67% |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | -36.10% | -3.99% |
Current DrawdownCurrent decline from peak | -1.93% | -0.24% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -3.93% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 1.25% | +1.36% |
Volatility
IEVL.L vs. TDIV.AS - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a higher volatility of 4.20% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.17%. This indicates that IEVL.L'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.
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Volatility by Period
| IEVL.L | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 2.17% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 6.81% | +5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.12% | 9.11% | +5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 13.03% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 14.59% | +2.69% |
IEVL.L vs. TDIV.AS - Expense Ratio Comparison
IEVL.L has a 0.25% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.
Dividends
IEVL.L vs. TDIV.AS - Dividend Comparison
IEVL.L 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 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
IEVL.L and TDIV.AS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEVL.L is cheaper with a 0.25% expense ratio, compared with 0.38% for TDIV.AS.
IEVL.L is categorized as Europe Equities, while TDIV.AS is Global Equity Income. IEVL.L tracks MSCI Europe Enhanced Value Index, 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 IEVL.L and 0.38% for TDIV.AS.
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