SWDA.L vs. TDIV.AS
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World 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 10 years, SWDA.L returned 12.56%/yr vs 12.27%/yr for TDIV.AS. A 0.67 correlation means they provide meaningful diversification when combined. SWDA.L charges 0.20%/yr vs 0.38%/yr for TDIV.AS.
Performance
SWDA.L vs. TDIV.AS - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while TDIV.AS is traded in EUR. To make them comparable, the TDIV.AS values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SWDA.L achieves a 9.33% return, which is significantly lower than TDIV.AS's 11.67% return. Both investments have delivered pretty close results over the past 10 years, with SWDA.L having a 12.56% annualized return and TDIV.AS not far behind at 12.27%.
SWDA.L
- 1D
- 0.25%
- 1M
- -1.61%
- 6M
- 8.59%
- YTD
- 9.33%
- 1Y
- 20.19%
- 3Y*
- 16.57%
- 5Y*
- 11.82%
- 10Y*
- 12.56%
- ALL TIME*
- 9.05%
TDIV.AS
- 1D
- -0.31%
- 1M
- 1.91%
- 6M
- 10.29%
- YTD
- 11.67%
- 1Y
- 28.84%
- 3Y*
- 20.18%
- 5Y*
- 18.35%
- 10Y*
- 12.27%
- ALL TIME*
- 13.53%
SWDA.L vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.33% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.67% | 31.05% | 10.63% | 9.52% | 21.37% | 20.25% | -5.07% | 14.10% | -6.21% | 7.27% |
Correlation
The correlation between SWDA.L and TDIV.AS is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.67 |
Over the past year, the correlation between SWDA.L and TDIV.AS has dropped to 0.32 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
SWDA.L vs. TDIV.AS — Risk / Return Rank
SWDA.L
TDIV.AS
SWDA.L vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) 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.
| SWDA.L | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.54 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 5.88 | -2.81 |
| Martin ratioReturn relative to average drawdown | 11.89 | 18.58 | -6.69 |
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Drawdowns
SWDA.L vs. TDIV.AS - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than TDIV.AS's maximum drawdown of -30.10%. Use the drawdown chart below to compare losses from any high point for SWDA.L and TDIV.AS.
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Drawdown Indicators
| SWDA.L | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -30.10% | -11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -4.84% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -14.03% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -14.03% | -4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | -30.10% | +4.52% |
Current DrawdownCurrent decline from peak | -1.61% | -0.31% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -9.44% | -3.58% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.54% | +0.15% |
Volatility
SWDA.L vs. TDIV.AS - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) have volatilities of 2.67% and 2.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWDA.L | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.62% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 7.25% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 9.31% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.33% | 12.95% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 14.47% | +0.04% |
SWDA.L vs. TDIV.AS - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.
Dividends
SWDA.L vs. TDIV.AS - Dividend Comparison
SWDA.L 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 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
SWDA.L and TDIV.AS have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.38% for TDIV.AS.
SWDA.L is categorized as Global Equities, while TDIV.AS is Global Equity Income. SWDA.L tracks MSCI World Index, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.20% for SWDA.L and 0.38% for TDIV.AS.
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