IUVD.L vs. TDIV.L
IUVD.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)) and TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist)) are both exchange-traded funds - IUVD.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while TDIV.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, IUVD.L returned 15.56%/yr vs 17.81%/yr for TDIV.L. A 0.74 correlation means they provide meaningful diversification when combined. IUVD.L charges 0.20%/yr vs 0.38%/yr for TDIV.L.
Performance
IUVD.L vs. TDIV.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUVD.L achieves a 39.02% return, which is significantly higher than TDIV.L's 11.84% return.
IUVD.L
- 1D
- -0.09%
- 1M
- -4.80%
- 6M
- 32.62%
- YTD
- 39.02%
- 1Y
- 70.29%
- 3Y*
- 28.49%
- 5Y*
- 15.56%
- 10Y*
- —
TDIV.L
- 1D
- 0.32%
- 1M
- 2.15%
- 6M
- 10.53%
- YTD
- 11.84%
- 1Y
- 29.81%
- 3Y*
- 22.34%
- 5Y*
- 17.81%
- 10Y*
- 13.83%
IUVD.L vs. TDIV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) | 39.02% | 32.95% | 6.42% | 14.65% | -14.91% | 29.73% | -1.42% | 25.64% | -11.20% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 11.84% | 40.41% | 8.93% | 15.44% | 9.29% | 18.14% | -2.30% | 37.03% | -3.23% |
Correlation
The correlation between IUVD.L and TDIV.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2018 | 0.74 |
Over the past year, the correlation between IUVD.L and TDIV.L has dropped to 0.38 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
IUVD.L vs. TDIV.L — Risk / Return Rank
IUVD.L
TDIV.L
IUVD.L vs. TDIV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.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.
| IUVD.L | TDIV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.48 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 8.47 | 5.64 | +2.84 |
| Martin ratioReturn relative to average drawdown | 28.96 | 15.83 | +13.13 |
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Drawdowns
IUVD.L vs. TDIV.L - Drawdown Comparison
The maximum IUVD.L drawdown since its inception was -39.64%, roughly equal to the maximum TDIV.L drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for IUVD.L and TDIV.L.
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Drawdown Indicators
| IUVD.L | TDIV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -37.94% | -1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -5.27% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -13.89% | -4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -18.52% | -8.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.94% | — |
Current DrawdownCurrent decline from peak | -6.82% | 0.00% | -6.82% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -3.99% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.88% | +0.54% |
Volatility
IUVD.L vs. TDIV.L - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) has a higher volatility of 7.79% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) at 2.90%. This indicates that IUVD.L's price experiences larger fluctuations and is considered to be riskier than TDIV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUVD.L | TDIV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 2.90% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 16.18% | 8.56% | +7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 11.22% | +7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 14.56% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 16.20% | +3.76% |
IUVD.L vs. TDIV.L - Expense Ratio Comparison
IUVD.L has a 0.20% expense ratio, which is lower than TDIV.L's 0.38% expense ratio.
Dividends
IUVD.L vs. TDIV.L - Dividend Comparison
IUVD.L's dividend yield for the trailing twelve months is around 1.20%, less than TDIV.L's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) | 1.20% | 1.64% | 2.24% | 2.27% | 2.61% | 1.84% | 2.26% | 2.26% | 1.73% | 0.00% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 3.10% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% |
Frequently Asked Questions
IUVD.L and TDIV.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUVD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUVD.L is cheaper with a 0.20% expense ratio, compared with 0.38% for TDIV.L.
IUVD.L is categorized as Large Cap Value Equities, while TDIV.L is Global Equities. IUVD.L tracks Russell 1000 Value TR USD, while TDIV.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.20% for IUVD.L and 0.38% for TDIV.L.
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