OPEN.DE vs. VDIV.DE
OPEN.DE (iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc)) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - OPEN.DE tracks the MSCI ACWI Value 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, OPEN.DE returned 11.65%/yr vs 17.51%/yr for VDIV.DE. Their correlation of 0.82 suggests significant overlap in exposure. OPEN.DE charges 0.25%/yr vs 0.38%/yr for VDIV.DE.
Performance
OPEN.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OPEN.DE achieves a 19.86% return, which is significantly higher than VDIV.DE's 9.79% return.
OPEN.DE
- 1D
- -0.71%
- 1M
- 10.85%
- YTD
- 19.86%
- 6M
- 21.67%
- 1Y
- 28.74%
- 3Y*
- 16.69%
- 5Y*
- 11.65%
- 10Y*
- —
VDIV.DE
- 1D
- 0.23%
- 1M
- 0.01%
- YTD
- 9.79%
- 6M
- 12.73%
- 1Y
- 25.64%
- 3Y*
- 19.95%
- 5Y*
- 17.51%
- 10Y*
- —
OPEN.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OPEN.DE iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) | 19.86% | 10.46% | 14.15% | 11.37% | -3.82% | 27.16% | 0.34% | 25.25% | -3.64% |
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 OPEN.DE and VDIV.DE is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.82 |
Over the past year, the correlation between OPEN.DE and VDIV.DE has dropped to 0.57 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
OPEN.DE vs. VDIV.DE — Risk / Return Rank
OPEN.DE
VDIV.DE
OPEN.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.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.
| OPEN.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.51 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 6.94 | -3.43 |
| Martin ratioReturn relative to average drawdown | 12.97 | 20.46 | -7.49 |
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
| OPEN.DE | VDIV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.73 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 1.45 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.94 | -0.18 |
Drawdowns
OPEN.DE vs. VDIV.DE - Drawdown Comparison
The maximum OPEN.DE drawdown since its inception was -33.09%, smaller than the maximum VDIV.DE drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for OPEN.DE and VDIV.DE.
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Drawdown Indicators
| OPEN.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.09% | -36.12% | +3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -3.68% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -15.12% | -4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -15.12% | -4.56% |
Current DrawdownCurrent decline from peak | -2.06% | -2.39% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -4.22% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.25% | +0.96% |
Volatility
OPEN.DE vs. VDIV.DE - Volatility Comparison
iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.DE) has a higher volatility of 4.89% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.82%. This indicates that OPEN.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
| OPEN.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.82% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 6.79% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 9.36% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 11.92% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 15.36% | +0.10% |
OPEN.DE vs. VDIV.DE - Expense Ratio Comparison
OPEN.DE has a 0.25% expense ratio, which is lower than VDIV.DE's 0.38% expense ratio.
Dividends
OPEN.DE vs. VDIV.DE - Dividend Comparison
OPEN.DE has not paid dividends to shareholders, while VDIV.DE's dividend yield for the trailing twelve months is around 3.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
OPEN.DE iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
OPEN.DE and VDIV.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OPEN.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OPEN.DE is cheaper with a 0.25% expense ratio, compared with 0.38% for VDIV.DE.
OPEN.DE tracks MSCI ACWI Value 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: 0.25% for OPEN.DE and 0.38% for VDIV.DE.
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