IWLE.DE vs. VDIV.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - IWLE.DE tracks the MSCI World Net TR Index while VDIV.DE tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs 17.69%/yr for VDIV.DE. A 0.66 correlation means they provide meaningful diversification when combined. IWLE.DE charges 0.30%/yr vs 0.38%/yr for VDIV.DE.
Performance
IWLE.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly lower than VDIV.DE's 10.63% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
VDIV.DE
- 1D
- 0.25%
- 1M
- -0.40%
- YTD
- 10.63%
- 6M
- 10.86%
- 1Y
- 28.67%
- 3Y*
- 20.75%
- 5Y*
- 17.69%
- 10Y*
- —
IWLE.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 11.68% | 12.14% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 10.63% | 24.58% | 15.66% | 11.45% | 15.47% | 27.94% | -11.00% | 11.61% |
Correlation
The correlation between IWLE.DE and VDIV.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.66 |
Over the past year, the correlation between IWLE.DE and VDIV.DE has dropped to 0.35 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
IWLE.DE vs. VDIV.DE — Risk / Return Rank
IWLE.DE
VDIV.DE
IWLE.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE). 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.
| IWLE.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.57 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 7.75 | -5.18 |
| Martin ratioReturn relative to average drawdown | 11.25 | 23.02 | -11.76 |
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Drawdowns
IWLE.DE vs. VDIV.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, smaller than the maximum VDIV.DE drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and VDIV.DE.
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Drawdown Indicators
| IWLE.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -36.13% | +3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -3.68% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -15.13% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -15.13% | -8.36% |
Current DrawdownCurrent decline from peak | -1.77% | -1.64% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -4.20% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.24% | +0.60% |
Volatility
IWLE.DE vs. VDIV.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.32%. This indicates that IWLE.DE's price experiences larger fluctuations and is considered to be riskier than VDIV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 2.32% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 7.08% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 9.49% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 11.94% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 15.33% | +1.43% |
IWLE.DE vs. VDIV.DE - Expense Ratio Comparison
IWLE.DE has a 0.30% expense ratio, which is lower than VDIV.DE's 0.38% expense ratio.
Dividends
IWLE.DE vs. VDIV.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, less than VDIV.DE's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% | 0.00% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.17% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% |
Frequently Asked Questions
IWLE.DE and VDIV.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWLE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWLE.DE is cheaper with a 0.30% expense ratio, compared with 0.38% for VDIV.DE.
IWLE.DE tracks MSCI World Net TR Index, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.30% for IWLE.DE and 0.38% for VDIV.DE.
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