JEDG.L vs. TDIV.L
JEDG.L (VanEck Space Innovators UCITS ETF) and TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while TDIV.L is a Dividend fund tracking the VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF. Both are passively managed. Over the past 3 years, JEDG.L returned 50.96%/yr vs 20.97%/yr for TDIV.L. At a 0.34 correlation, their price movements are largely independent. JEDG.L charges 0.55%/yr vs 0.38%/yr for TDIV.L.
Performance
JEDG.L vs. TDIV.L - Performance Comparison
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Different Trading Currencies
JEDG.L is traded in GBP, while TDIV.L is traded in USD. To make them comparable, the TDIV.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JEDG.L achieves a 29.59% return, which is significantly higher than TDIV.L's 10.40% return.
JEDG.L
- 1D
- 0.00%
- 1M
- -13.18%
- 6M
- 9.63%
- YTD
- 29.59%
- 1Y
- 75.85%
- 3Y*
- 50.96%
- 5Y*
- —
- 10Y*
- —
TDIV.L
- 1D
- 0.00%
- 1M
- 0.62%
- 6M
- 8.71%
- YTD
- 10.40%
- 1Y
- 27.71%
- 3Y*
- 20.97%
- 5Y*
- 18.01%
- 10Y*
- 13.48%
JEDG.L vs. TDIV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEDG.L VanEck Space Innovators UCITS ETF | 29.59% | 80.38% | 46.13% | 6.44% | -11.57% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 10.40% | 30.40% | 10.83% | 9.67% | 11.75% |
Correlation
The correlation between JEDG.L and TDIV.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.34 |
Over the past year, the correlation between JEDG.L and TDIV.L has dropped to 0.09 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
JEDG.L vs. TDIV.L — Risk / Return Rank
JEDG.L
TDIV.L
JEDG.L vs. TDIV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDG.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (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.
| JEDG.L | TDIV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.49 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 5.61 | -3.55 |
| Martin ratioReturn relative to average drawdown | 6.25 | 18.91 | -12.66 |
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Drawdowns
JEDG.L vs. TDIV.L - Drawdown Comparison
The maximum JEDG.L drawdown since its inception was -37.10%, which is greater than TDIV.L's maximum drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for JEDG.L and TDIV.L.
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Drawdown Indicators
| JEDG.L | TDIV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.10% | -29.96% | -7.14% |
Max Drawdown (1Y)Largest decline over 1 year | -37.10% | -4.91% | -32.19% |
Max Drawdown (3Y)Largest decline over 3 years | -37.10% | -12.69% | -24.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.96% | — |
Current DrawdownCurrent decline from peak | -36.20% | -0.66% | -35.54% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -4.48% | -4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.17% | 1.46% | +10.71% |
Volatility
JEDG.L vs. TDIV.L - Volatility Comparison
VanEck Space Innovators UCITS ETF (JEDG.L) has a higher volatility of 14.59% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.L) at 3.20%. This indicates that JEDG.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
| JEDG.L | TDIV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.59% | 3.20% | +11.39% |
Volatility (6M)Calculated over the trailing 6-month period | 37.17% | 8.34% | +28.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.89% | 10.50% | +37.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.05% | 12.90% | +21.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.05% | 15.94% | +18.11% |
JEDG.L vs. TDIV.L - Expense Ratio Comparison
JEDG.L has a 0.55% expense ratio, which is higher than TDIV.L's 0.38% expense ratio.
Dividends
JEDG.L vs. TDIV.L - Dividend Comparison
JEDG.L has not paid dividends to shareholders, while TDIV.L's dividend yield for the trailing twelve months is around 3.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JEDG.L VanEck Space Innovators UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.14% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% |
Frequently Asked Questions
JEDG.L and TDIV.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TDIV.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDIV.L is cheaper with a 0.38% expense ratio, compared with 0.55% for JEDG.L.
JEDG.L is categorized as Industrials Equities, while TDIV.L is Dividend. JEDG.L tracks MSCI World/Materials NR USD, while TDIV.L tracks VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF. Their fees differ too: 0.55% for JEDG.L and 0.38% for TDIV.L.
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