PSRF.L vs. TDIV.L
PSRF.L (Invesco FTSE RAFI US 1000 UCITS ETF) and TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist)) are both exchange-traded funds - PSRF.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while TDIV.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, PSRF.L returned 12.72%/yr vs 13.52%/yr for TDIV.L. A 0.70 correlation means they provide meaningful diversification when combined. PSRF.L charges 0.39%/yr vs 0.38%/yr for TDIV.L.
Performance
PSRF.L vs. TDIV.L - Performance Comparison
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Different Trading Currencies
PSRF.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, PSRF.L achieves a 16.69% return, which is significantly higher than TDIV.L's 12.00% return. Over the past 10 years, PSRF.L has underperformed TDIV.L with an annualized return of 12.72%, while TDIV.L has yielded a comparatively higher 13.52% annualized return.
PSRF.L
- 1D
- -0.24%
- 1M
- 0.38%
- 6M
- 12.62%
- YTD
- 16.69%
- 1Y
- 28.21%
- 3Y*
- 17.85%
- 5Y*
- 13.27%
- 10Y*
- 12.72%
TDIV.L
- 1D
- 0.49%
- 1M
- 0.89%
- 6M
- 9.89%
- YTD
- 12.00%
- 1Y
- 29.46%
- 3Y*
- 21.07%
- 5Y*
- 18.35%
- 10Y*
- 13.52%
PSRF.L vs. TDIV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSRF.L Invesco FTSE RAFI US 1000 UCITS ETF | 16.69% | 8.58% | 18.11% | 9.53% | 2.89% | 32.90% | 3.20% | 22.49% | -4.21% | 5.28% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 12.00% | 30.40% | 10.83% | 9.67% | 22.28% | 19.26% | -5.17% | 31.81% | -1.23% | -5.05% |
Correlation
The correlation between PSRF.L and TDIV.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.70 |
Over the past year, the correlation between PSRF.L and TDIV.L has dropped to 0.42 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
PSRF.L vs. TDIV.L — Risk / Return Rank
PSRF.L
TDIV.L
PSRF.L vs. TDIV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI US 1000 UCITS ETF (PSRF.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (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.
| PSRF.L | TDIV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.52 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 6.11 | 5.97 | +0.14 |
| Martin ratioReturn relative to average drawdown | 22.23 | 20.13 | +2.10 |
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Drawdowns
PSRF.L vs. TDIV.L - Drawdown Comparison
The maximum PSRF.L drawdown since its inception was -69.49%, 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 PSRF.L and TDIV.L.
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Drawdown Indicators
| PSRF.L | TDIV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -29.96% | -39.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.60% | -4.91% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -12.69% | -5.45% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -12.69% | -5.45% |
Max Drawdown (10Y)Largest decline over 10 years | -29.80% | -29.96% | +0.16% |
Current DrawdownCurrent decline from peak | -0.81% | 0.00% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -14.51% | -4.47% | -10.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 1.46% | -0.19% |
Volatility
PSRF.L vs. TDIV.L - Volatility Comparison
The current volatility for Invesco FTSE RAFI US 1000 UCITS ETF (PSRF.L) is 1.81%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) has a volatility of 3.08%. This indicates that PSRF.L experiences smaller price fluctuations and is considered to be less risky 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
| PSRF.L | TDIV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 3.08% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 8.41% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.16% | 10.55% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 12.91% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 15.94% | -0.54% |
PSRF.L vs. TDIV.L - Expense Ratio Comparison
PSRF.L has a 0.39% expense ratio, which is higher than TDIV.L's 0.38% expense ratio.
Dividends
PSRF.L vs. TDIV.L - Dividend Comparison
PSRF.L's dividend yield for the trailing twelve months is around 1.16%, less than TDIV.L's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSRF.L Invesco FTSE RAFI US 1000 UCITS ETF | 1.16% | 1.37% | 1.46% | 1.59% | 1.70% | 1.29% | 1.78% | 1.67% | 1.78% | 1.60% | 1.51% | 1.65% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 3.10% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% | 0.00% | 0.00% |
Frequently Asked Questions
PSRF.L and TDIV.L have a correlation of 0.42, 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 0.39% for PSRF.L.
PSRF.L is categorized as Large Cap Value Equities, while TDIV.L is Global Equities. PSRF.L tracks Russell 1000 Value TR USD, while TDIV.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.39% for PSRF.L and 0.38% for TDIV.L.
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