PSWD.DE vs. TDIV.AS
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - PSWD.DE is a Global Equities fund tracking the FTSE RAFI All-World 3000, 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, PSWD.DE returned 11.86%/yr vs 12.02%/yr for TDIV.AS. Their correlation of 0.80 suggests significant overlap in exposure. PSWD.DE charges 0.39%/yr vs 0.38%/yr for TDIV.AS.
Performance
PSWD.DE vs. TDIV.AS - Performance Comparison
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Returns By Period
In the year-to-date period, PSWD.DE achieves a 16.46% return, which is significantly higher than TDIV.AS's 9.89% return. Both investments have delivered pretty close results over the past 10 years, with PSWD.DE having a 11.86% annualized return and TDIV.AS not far ahead at 12.02%.
PSWD.DE
- 1D
- -0.19%
- 1M
- 4.72%
- YTD
- 16.46%
- 6M
- 17.75%
- 1Y
- 32.88%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
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%
PSWD.DE vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
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 PSWD.DE and TDIV.AS is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 24, 2016 | 0.80 |
The correlation between PSWD.DE and TDIV.AS shifts across timeframes, from 0.60 (1 year) to 0.80 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSWD.DE vs. TDIV.AS — Risk / Return Rank
PSWD.DE
TDIV.AS
PSWD.DE vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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.
| PSWD.DE | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.51 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 7.19 | -1.63 |
| Martin ratioReturn relative to average drawdown | 22.39 | 19.93 | +2.46 |
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
| PSWD.DE | TDIV.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.79 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 1.43 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.83 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.84 | -0.16 |
Drawdowns
PSWD.DE vs. TDIV.AS - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, roughly equal to the maximum TDIV.AS drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and TDIV.AS.
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Drawdown Indicators
| PSWD.DE | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -36.06% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -3.51% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -15.26% | -2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -15.26% | -2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -36.06% | -0.33% |
Current DrawdownCurrent decline from peak | -0.31% | -1.99% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -3.93% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.26% | +0.20% |
Volatility
PSWD.DE vs. TDIV.AS - Volatility Comparison
Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a higher volatility of 3.08% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.38%. This indicates that PSWD.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.
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Volatility by Period
| PSWD.DE | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.38% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 6.65% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 9.06% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 12.07% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 14.31% | +0.88% |
PSWD.DE vs. TDIV.AS - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is higher than TDIV.AS's 0.38% expense ratio.
Dividends
PSWD.DE vs. TDIV.AS - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, less than TDIV.AS's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
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% | 0.00% |
Frequently Asked Questions
PSWD.DE and TDIV.AS have a correlation of 0.60, 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 PSWD.DE.
PSWD.DE is categorized as Global Equities, while TDIV.AS is Global Equity Income. PSWD.DE tracks FTSE RAFI All-World 3000, while TDIV.AS 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 PSWD.DE and 0.38% for TDIV.AS.
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