IUSA.L vs. TDT.AS
IUSA.L (iShares S&P 500 UCITS Dist) and TDT.AS (VanEck AEX UCITS ETF) are both exchange-traded funds - IUSA.L is a S&P 500 fund tracking the S&P 500 Index, while TDT.AS is a Europe Equities fund tracking the Euronext AEX All Share TR EUR. Both are passively managed. Over the past 10 years, IUSA.L returned 16.52%/yr vs 12.78%/yr for TDT.AS. A 0.67 correlation means they provide meaningful diversification when combined. IUSA.L charges 0.07%/yr vs 0.30%/yr for TDT.AS.
Performance
IUSA.L vs. TDT.AS - Performance Comparison
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Different Trading Currencies
IUSA.L is traded in GBp, while TDT.AS is traded in EUR. To make them comparable, the TDT.AS values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IUSA.L having a 10.67% return and TDT.AS slightly higher at 10.86%. Over the past 10 years, IUSA.L has outperformed TDT.AS with an annualized return of 16.52%, while TDT.AS has yielded a comparatively lower 12.78% annualized return.
IUSA.L
- 1D
- 0.04%
- 1M
- 4.50%
- YTD
- 10.67%
- 6M
- 10.05%
- 1Y
- 29.42%
- 3Y*
- 19.42%
- 5Y*
- 15.33%
- 10Y*
- 16.52%
TDT.AS
- 1D
- 0.29%
- 1M
- 2.30%
- YTD
- 10.86%
- 6M
- 10.82%
- 1Y
- 18.71%
- 3Y*
- 13.94%
- 5Y*
- 10.46%
- 10Y*
- 12.78%
IUSA.L vs. TDT.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSA.L iShares S&P 500 UCITS Dist | 10.67% | 9.70% | 27.73% | 20.24% | -8.72% | 31.54% | 14.15% | 27.06% | 0.51% | 11.19% |
TDT.AS VanEck AEX UCITS ETF | 10.86% | 16.49% | 9.27% | 14.60% | -7.45% | 22.75% | 11.28% | 20.75% | -6.69% | 21.15% |
Correlation
The correlation between IUSA.L and TDT.AS is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2009 | 0.67 |
The correlation between IUSA.L and TDT.AS shifts across timeframes, from 0.54 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IUSA.L vs. TDT.AS — Risk / Return Rank
IUSA.L
TDT.AS
IUSA.L vs. TDT.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 UCITS Dist (IUSA.L) 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.
| IUSA.L | TDT.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.26 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 2.59 | +1.61 |
| Martin ratioReturn relative to average drawdown | 15.53 | 7.22 | +8.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUSA.L | TDT.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 1.45 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.68 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | 0.78 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.57 | +0.01 |
Drawdowns
IUSA.L vs. TDT.AS - Drawdown Comparison
The maximum IUSA.L drawdown since its inception was -38.58%, which is greater than TDT.AS's maximum drawdown of -27.83%. Use the drawdown chart below to compare losses from any high point for IUSA.L and TDT.AS.
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Drawdown Indicators
| IUSA.L | TDT.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.58% | -27.83% | -10.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -7.21% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -13.58% | -7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -21.97% | +0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | -27.74% | +2.32% |
Current DrawdownCurrent decline from peak | -0.22% | -0.21% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -5.66% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.60% | -0.70% |
Volatility
IUSA.L vs. TDT.AS - Volatility Comparison
The current volatility for iShares S&P 500 UCITS Dist (IUSA.L) is 2.62%, while VanEck AEX UCITS ETF (TDT.AS) has a volatility of 3.56%. This indicates that IUSA.L experiences smaller price fluctuations and is considered to be less risky than TDT.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSA.L | TDT.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.56% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 10.42% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 12.89% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.33% | 15.22% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 16.10% | -0.50% |
IUSA.L vs. TDT.AS - Expense Ratio Comparison
IUSA.L has a 0.07% expense ratio, which is lower than TDT.AS's 0.30% expense ratio.
Dividends
IUSA.L vs. TDT.AS - Dividend Comparison
IUSA.L's dividend yield for the trailing twelve months is around 1.15%, less than TDT.AS's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSA.L iShares S&P 500 UCITS Dist | 1.15% | 1.24% | 1.28% | 1.55% | 1.74% | 1.39% | 1.80% | 1.96% | 2.22% | 1.95% | 1.75% | 2.29% |
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
IUSA.L and TDT.AS have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.L is cheaper with a 0.07% expense ratio, compared with 0.30% for TDT.AS.
IUSA.L is categorized as S&P 500, while TDT.AS is Europe Equities. IUSA.L tracks S&P 500 Index, while TDT.AS tracks Euronext AEX All Share TR EUR. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.07% for IUSA.L and 0.30% for TDT.AS.
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