IWRD.AS vs. VDIV.DE
IWRD.AS (iShares MSCI World UCITS ETF) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - IWRD.AS tracks the MSCI ACWI NR USD while VDIV.DE tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, IWRD.AS returned 12.56%/yr vs 17.51%/yr for VDIV.DE. A 0.71 correlation means they provide meaningful diversification when combined. IWRD.AS charges 0.50%/yr vs 0.38%/yr for VDIV.DE.
Performance
IWRD.AS vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWRD.AS achieves a 10.92% return, which is significantly higher than VDIV.DE's 9.79% return.
IWRD.AS
- 1D
- -0.08%
- 1M
- 4.72%
- YTD
- 10.92%
- 6M
- 11.18%
- 1Y
- 23.48%
- 3Y*
- 17.21%
- 5Y*
- 12.56%
- 10Y*
- 12.50%
VDIV.DE
- 1D
- 0.23%
- 1M
- 0.01%
- YTD
- 9.79%
- 6M
- 12.73%
- 1Y
- 25.64%
- 3Y*
- 19.95%
- 5Y*
- 17.51%
- 10Y*
- —
IWRD.AS vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWRD.AS iShares MSCI World UCITS ETF | 10.92% | 6.83% | 26.78% | 19.68% | -13.85% | 32.06% | 5.87% | 29.11% | -4.78% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.79% | 24.55% | 15.67% | 11.47% | 15.47% | 27.92% | -11.00% | 23.04% | -3.07% |
Correlation
The correlation between IWRD.AS and VDIV.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.71 |
Over the past year, the correlation between IWRD.AS and VDIV.DE has dropped to 0.47 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
IWRD.AS vs. VDIV.DE — Risk / Return Rank
IWRD.AS
VDIV.DE
IWRD.AS vs. VDIV.DE - 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 (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.
| IWRD.AS | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.51 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 6.94 | -3.47 |
| Martin ratioReturn relative to average drawdown | 13.65 | 20.46 | -6.80 |
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 | VDIV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.73 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 1.45 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.94 | -0.44 |
Drawdowns
IWRD.AS vs. VDIV.DE - Drawdown Comparison
The maximum IWRD.AS drawdown since its inception was -52.51%, which is greater than VDIV.DE's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for IWRD.AS and VDIV.DE.
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Drawdown Indicators
| IWRD.AS | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -36.12% | -16.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -3.68% | -3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -15.12% | -6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -15.12% | -6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -2.39% | +2.07% |
Average DrawdownAverage peak-to-trough decline | -8.84% | -4.22% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.25% | +0.46% |
Volatility
IWRD.AS vs. VDIV.DE - Volatility Comparison
The current volatility for iShares MSCI World UCITS ETF (IWRD.AS) is 2.65%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) has a volatility of 2.82%. This indicates that IWRD.AS experiences smaller price fluctuations and is considered to be less risky 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
| IWRD.AS | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.82% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 6.79% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 9.36% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 11.92% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 15.36% | -0.20% |
IWRD.AS vs. VDIV.DE - Expense Ratio Comparison
IWRD.AS has a 0.50% expense ratio, which is higher than VDIV.DE's 0.38% expense ratio.
Dividends
IWRD.AS vs. VDIV.DE - Dividend Comparison
IWRD.AS's dividend yield for the trailing twelve months is around 0.85%, less than VDIV.DE's 3.19% 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% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.19% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWRD.AS and VDIV.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDIV.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDIV.DE is cheaper with a 0.38% expense ratio, compared with 0.50% for IWRD.AS.
IWRD.AS tracks MSCI ACWI NR USD, 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: 0.50% for IWRD.AS and 0.38% for VDIV.DE.
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