PHAU.AS vs. TDIV.AS
PHAU.AS (WisdomTree Physical Gold UCITS ETC) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - PHAU.AS is a Gold fund tracking the LBMA Gold Price PM, 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, PHAU.AS returned 12.91%/yr vs 12.02%/yr for TDIV.AS. At a 0.00 correlation, their price movements are largely independent. PHAU.AS charges 0.39%/yr vs 0.38%/yr for TDIV.AS.
Performance
PHAU.AS vs. TDIV.AS - Performance Comparison
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Returns By Period
In the year-to-date period, PHAU.AS achieves a 4.61% return, which is significantly lower than TDIV.AS's 9.89% return. Over the past 10 years, PHAU.AS has outperformed TDIV.AS with an annualized return of 12.91%, while TDIV.AS has yielded a comparatively lower 12.02% annualized return.
PHAU.AS
- 1D
- 0.56%
- 1M
- -1.68%
- YTD
- 4.61%
- 6M
- 6.21%
- 1Y
- 29.74%
- 3Y*
- 27.67%
- 5Y*
- 19.40%
- 10Y*
- 12.91%
TDIV.AS
- 1D
- 0.25%
- 1M
- 0.39%
- YTD
- 9.89%
- 6M
- 12.84%
- 1Y
- 25.59%
- 3Y*
- 19.97%
- 5Y*
- 17.52%
- 10Y*
- 12.02%
PHAU.AS vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHAU.AS WisdomTree Physical Gold UCITS ETC | 4.61% | 45.53% | 34.03% | 9.32% | 5.55% | 3.63% | 13.51% | 20.41% | 2.85% | -1.37% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.89% | 24.40% | 15.98% | 10.91% | 16.18% | 27.85% | -10.17% | 20.97% | -7.12% | 2.88% |
Correlation
The correlation between PHAU.AS and TDIV.AS is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 24, 2016 | 0.00 |
The correlation between PHAU.AS and TDIV.AS shifts across timeframes, from 0.00 (all time) to 0.13 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PHAU.AS vs. TDIV.AS — Risk / Return Rank
PHAU.AS
TDIV.AS
PHAU.AS vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold UCITS ETC (PHAU.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.
| PHAU.AS | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.51 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 7.19 | -5.44 |
| Martin ratioReturn relative to average drawdown | 4.43 | 19.93 | -15.50 |
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
| PHAU.AS | TDIV.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 2.79 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 1.43 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.83 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.84 | -0.18 |
Drawdowns
PHAU.AS vs. TDIV.AS - Drawdown Comparison
The maximum PHAU.AS drawdown since its inception was -37.19%, roughly equal to the maximum TDIV.AS drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for PHAU.AS and TDIV.AS.
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Drawdown Indicators
| PHAU.AS | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.19% | -36.06% | -1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -3.51% | -13.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -15.26% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -16.74% | -15.26% | -1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -18.59% | -36.06% | +17.47% |
Current DrawdownCurrent decline from peak | -15.26% | -1.99% | -13.27% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -3.93% | -8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 1.26% | +5.40% |
Volatility
PHAU.AS vs. TDIV.AS - Volatility Comparison
WisdomTree Physical Gold UCITS ETC (PHAU.AS) has a higher volatility of 5.17% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.38%. This indicates that PHAU.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
| PHAU.AS | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 2.38% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 20.12% | 6.65% | +13.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.04% | 9.06% | +13.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 12.07% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 14.31% | -0.02% |
PHAU.AS vs. TDIV.AS - Expense Ratio Comparison
PHAU.AS has a 0.39% expense ratio, which is higher than TDIV.AS's 0.38% expense ratio.
Dividends
PHAU.AS vs. TDIV.AS - Dividend Comparison
PHAU.AS has not paid dividends to shareholders, while TDIV.AS's dividend yield for the trailing twelve months is around 3.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PHAU.AS WisdomTree Physical Gold UCITS ETC | 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 | 3.19% | 3.58% | 4.19% | 4.98% | 4.55% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
Frequently Asked Questions
PHAU.AS and TDIV.AS have a correlation of 0.12, 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 0.39% for PHAU.AS.
PHAU.AS is categorized as Gold, while TDIV.AS is Global Equity Income. PHAU.AS tracks LBMA Gold Price PM, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.39% for PHAU.AS and 0.38% for TDIV.AS.
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