IWRD.AS vs. TDIV.AS
IWRD.AS (iShares MSCI World UCITS ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - IWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD, 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, IWRD.AS returned 12.57%/yr vs 12.08%/yr for TDIV.AS. A 0.74 correlation means they provide meaningful diversification when combined. IWRD.AS charges 0.50%/yr vs 0.38%/yr for TDIV.AS.
Performance
IWRD.AS vs. TDIV.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IWRD.AS achieves a 11.01% return, which is significantly higher than TDIV.AS's 9.61% return. Both investments have delivered pretty close results over the past 10 years, with IWRD.AS having a 12.57% annualized return and TDIV.AS not far behind at 12.08%.
IWRD.AS
- 1D
- -0.25%
- 1M
- 5.53%
- YTD
- 11.01%
- 6M
- 11.58%
- 1Y
- 23.56%
- 3Y*
- 17.32%
- 5Y*
- 12.58%
- 10Y*
- 12.57%
TDIV.AS
- 1D
- 0.27%
- 1M
- 0.35%
- YTD
- 9.61%
- 6M
- 13.02%
- 1Y
- 25.48%
- 3Y*
- 19.77%
- 5Y*
- 17.46%
- 10Y*
- 12.08%
IWRD.AS vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWRD.AS iShares MSCI World UCITS ETF | 11.01% | 6.83% | 26.78% | 19.68% | -13.85% | 32.06% | 5.87% | 29.11% | -4.38% | 7.51% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.61% | 24.40% | 15.98% | 10.91% | 16.18% | 27.85% | -10.17% | 20.97% | -7.12% | 2.88% |
Correlation
The correlation between IWRD.AS and TDIV.AS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 24, 2016 | 0.74 |
Over the past year, the correlation between IWRD.AS and TDIV.AS has dropped to 0.44 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
IWRD.AS vs. TDIV.AS — Risk / Return Rank
IWRD.AS
TDIV.AS
IWRD.AS vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS ETF (IWRD.AS) 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.
| IWRD.AS | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.51 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 7.16 | -3.68 |
| Martin ratioReturn relative to average drawdown | 13.70 | 19.94 | -6.24 |
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
| IWRD.AS | TDIV.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.78 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 1.42 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.83 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.84 | -0.34 |
Drawdowns
IWRD.AS vs. TDIV.AS - Drawdown Comparison
The maximum IWRD.AS drawdown since its inception was -52.51%, which is greater than TDIV.AS's maximum drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for IWRD.AS and TDIV.AS.
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Drawdown Indicators
| IWRD.AS | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -36.06% | -16.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -3.51% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -15.26% | -6.24% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -15.26% | -6.24% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -36.06% | +2.35% |
Current DrawdownCurrent decline from peak | -0.25% | -2.23% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -8.84% | -3.93% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.26% | +0.45% |
Volatility
IWRD.AS vs. TDIV.AS - Volatility Comparison
iShares MSCI World UCITS ETF (IWRD.AS) has a higher volatility of 2.81% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.42%. This indicates that IWRD.AS'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
| IWRD.AS | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 2.42% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 6.64% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 9.06% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 12.06% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 14.32% | +0.84% |
IWRD.AS vs. TDIV.AS - Expense Ratio Comparison
IWRD.AS has a 0.50% expense ratio, which is higher than TDIV.AS's 0.38% expense ratio.
Dividends
IWRD.AS vs. TDIV.AS - Dividend Comparison
IWRD.AS's dividend yield for the trailing twelve months is around 0.85%, less than TDIV.AS's 4.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWRD.AS iShares MSCI World UCITS ETF | 0.85% | 0.95% | 1.05% | 1.32% | 1.49% | 1.01% | 1.21% | 1.62% | 1.84% | 1.67% | 1.70% | 1.80% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 4.94% | 3.58% | 4.19% | 4.98% | 4.55% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% | 0.00% |
Frequently Asked Questions
IWRD.AS and TDIV.AS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TDIV.AS is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDIV.AS is cheaper with a 0.38% expense ratio, compared with 0.50% for IWRD.AS.
IWRD.AS is categorized as Global Equities, while TDIV.AS is Global Equity Income. IWRD.AS tracks MSCI ACWI NR USD, 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: 0.50% for IWRD.AS and 0.38% for TDIV.AS.
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