JEDI.DE vs. TDIV.AS

Last updated Jul 21, 2026

JEDI.DE (VanEck Space Innovators UCITS ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - JEDI.DE is a Industrials Equities fund tracking the MarketVector Global Space Industry Screened Index, 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 3 years, JEDI.DE returned 45.33%/yr vs 20.92%/yr for TDIV.AS. At a 0.31 correlation, their price movements are largely independent. JEDI.DE charges 0.55%/yr vs 0.38%/yr for TDIV.AS.

Performance

JEDI.DE vs. TDIV.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Space Innovators UCITS ETF (JEDI.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEDI.DE achieves a 21.25% return, which is significantly higher than TDIV.AS's 14.59% return.

JEDI.DE

• 1D: 0.00%
• 1M: -18.08%
• 6M: -4.21%
• YTD: 21.25%
• 1Y: 56.02%
• 3Y*: 45.33%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.42%

TDIV.AS

• 1D: -0.24%
• 1M: 3.97%
• 6M: 12.62%
• YTD: 14.59%
• 1Y: 31.36%
• 3Y*: 20.92%
• 5Y*: 18.64%
• 10Y*: 12.10%
• ALL TIME*: 12.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JEDI.DE vs. TDIV.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JEDI.DE VanEck Space Innovators UCITS ETF	21.25%	72.15%	52.14%	8.55%	-0.32%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	14.59%	24.39%	15.90%	11.75%	7.76%

Correlation

The correlation between JEDI.DE and TDIV.AS is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022	0.31

Over the past year, the correlation between JEDI.DE and TDIV.AS has dropped to 0.08 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Return for Risk

JEDI.DE vs. TDIV.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JEDI.DE

JEDI.DE Risk / Return Rank: 41
JEDI.DE Sharpe Ratio Rank: 44
JEDI.DE Sortino Ratio Rank: 46
JEDI.DE Omega Ratio Rank: 41
JEDI.DE Calmar Ratio Rank: 35
JEDI.DE Martin Ratio Rank: 37

TDIV.AS

TDIV.AS Risk / Return Rank: 97
TDIV.AS Sharpe Ratio Rank: 97
TDIV.AS Sortino Ratio Rank: 96
TDIV.AS Omega Ratio Rank: 96
TDIV.AS Calmar Ratio Rank: 97
TDIV.AS Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JEDI.DE vs. TDIV.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDI.DE) 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.

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.

	JEDI.DE	TDIV.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.19	3.40	-2.21
Sortino ratio: Return per unit of downside risk	1.80	4.83	-3.03
Omega ratio: Gain probability vs. loss probability	1.21	1.63	-0.42
Calmar ratio: Return relative to maximum drawdown	1.37	8.81	-7.43
Martin ratio: Return relative to average drawdown	4.33	24.98	-20.65

JEDI.DE vs. TDIV.AS - Sharpe Ratio Comparison

The current JEDI.DE Sharpe Ratio is 1.19, which is lower than the TDIV.AS Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of JEDI.DE and TDIV.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JEDI.DE vs. TDIV.AS - Drawdown Comparison

The maximum JEDI.DE drawdown since its inception was -40.95%, which is greater than TDIV.AS's maximum drawdown of -36.10%. Use the drawdown chart below to compare losses from any high point for JEDI.DE and TDIV.AS.

Drawdown Indicators

	JEDI.DE	TDIV.AS	Difference
Max Drawdown Largest peak-to-trough decline	-40.95%	-36.10%	-4.85%
Max Drawdown (1Y) Largest decline over 1 year	-40.95%	-3.51%	-37.44%
Max Drawdown (3Y) Largest decline over 3 years	-40.95%	-15.88%	-25.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.10%	—
Current Drawdown Current decline from peak	-40.95%	-0.24%	-40.71%
Average Drawdown Average peak-to-trough decline	-7.86%	-3.93%	-3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.98%	1.25%	+11.73%

Volatility

JEDI.DE vs. TDIV.AS - Volatility Comparison

VanEck Space Innovators UCITS ETF (JEDI.DE) has a higher volatility of 15.14% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.17%. This indicates that JEDI.DE'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.

Volatility by Period

	JEDI.DE	TDIV.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.14%	2.17%	+12.97%
Volatility (6M) Calculated over the trailing 6-month period	36.94%	6.81%	+30.13%
Volatility (1Y) Calculated over the trailing 1-year period	47.21%	9.11%	+38.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.46%	13.03%	+20.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.46%	14.59%	+18.87%

JEDI.DE vs. TDIV.AS - Expense Ratio Comparison

JEDI.DE has a 0.55% expense ratio, which is higher than TDIV.AS's 0.38% expense ratio.

Dividends

JEDI.DE vs. TDIV.AS - Dividend Comparison

JEDI.DE has not paid dividends to shareholders, while TDIV.AS's dividend yield for the trailing twelve months is around 3.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JEDI.DE 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%	0.00%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.06%	3.58%	4.19%	4.98%	4.58%	3.98%	4.12%	4.40%	4.93%	3.95%	1.11%

Frequently Asked Questions

Can I hold both JEDI.DE and TDIV.AS in my portfolio?

JEDI.DE and TDIV.AS have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEDI.DE or TDIV.AS?

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.

Which ETF is cheaper, JEDI.DE or TDIV.AS?

TDIV.AS is cheaper with a 0.38% expense ratio, compared with 0.55% for JEDI.DE.

What is the main difference between JEDI.DE and TDIV.AS?

JEDI.DE is categorized as Industrials Equities, while TDIV.AS is Global Equity Income. JEDI.DE tracks MarketVector Global Space Industry Screened Index, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Their fees differ too: 0.55% for JEDI.DE and 0.38% for TDIV.AS.