TDIV.AS vs. IEFV.L
TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) are both exchange-traded funds - TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while IEFV.L is a Europe Equities fund tracking the MSCI Europe Value NR EUR. Both are passively managed. Over the past 10 years, TDIV.AS returned 12.10%/yr vs 10.95%/yr for IEFV.L. A 0.76 correlation means they provide meaningful diversification when combined. TDIV.AS charges 0.38%/yr vs 0.25%/yr for IEFV.L.
Performance
TDIV.AS vs. IEFV.L - Performance Comparison
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Different Trading Currencies
TDIV.AS is traded in EUR, while IEFV.L is traded in GBp. To make them comparable, the IEFV.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TDIV.AS achieves a 14.59% return, which is significantly lower than IEFV.L's 15.34% return. Over the past 10 years, TDIV.AS has outperformed IEFV.L with an annualized return of 12.10%, while IEFV.L has yielded a comparatively lower 10.95% annualized return.
TDIV.AS
- 1D
- -0.24%
- 1M
- 3.97%
- 6M
- 12.62%
- YTD
- 14.59%
- 1Y
- 31.36%
- 3Y*
- 20.92%
- 5Y*
- 18.64%
- 10Y*
- 12.10%
- ALL TIME*
- 12.50%
IEFV.L
- 1D
- -0.19%
- 1M
- 1.08%
- 6M
- 13.12%
- YTD
- 15.34%
- 1Y
- 32.90%
- 3Y*
- 20.67%
- 5Y*
- 15.43%
- 10Y*
- 10.95%
- ALL TIME*
- 8.92%
TDIV.AS vs. IEFV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 14.59% | 24.39% | 15.90% | 11.75% | 15.40% | 27.83% | -10.16% | 20.97% | -7.12% | 2.88% |
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF | 15.34% | 34.79% | 10.49% | 13.77% | -3.76% | 26.29% | -8.97% | 23.07% | -13.74% | 9.78% |
Correlation
The correlation between TDIV.AS and IEFV.L 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 | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.76 |
The correlation between TDIV.AS and IEFV.L shifts across timeframes, from 0.60 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDIV.AS vs. IEFV.L — Risk / Return Rank
TDIV.AS
IEFV.L
TDIV.AS vs. IEFV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) and iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.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.
| TDIV.AS | IEFV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.43 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 8.81 | 3.34 | +5.47 |
| Martin ratioReturn relative to average drawdown | 24.98 | 12.36 | +12.62 |
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Drawdowns
TDIV.AS vs. IEFV.L - Drawdown Comparison
The maximum TDIV.AS drawdown since its inception was -36.10%, smaller than the maximum IEFV.L drawdown of -40.78%. Use the drawdown chart below to compare losses from any high point for TDIV.AS and IEFV.L.
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Drawdown Indicators
| TDIV.AS | IEFV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.10% | -40.78% | +4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.51% | -9.82% | +6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -15.88% | -16.66% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | -19.43% | +3.55% |
Max Drawdown (10Y)Largest decline over 10 years | -36.10% | -40.78% | +4.68% |
Current DrawdownCurrent decline from peak | -0.24% | -1.92% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -7.65% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.66% | -1.41% |
Volatility
TDIV.AS vs. IEFV.L - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) is 2.17%, while iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) has a volatility of 4.29%. This indicates that TDIV.AS experiences smaller price fluctuations and is considered to be less risky than IEFV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDIV.AS | IEFV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 4.29% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 11.62% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.11% | 13.95% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.03% | 17.39% | -4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 18.14% | -3.55% |
TDIV.AS vs. IEFV.L - Expense Ratio Comparison
TDIV.AS has a 0.38% expense ratio, which is higher than IEFV.L's 0.25% expense ratio.
Dividends
TDIV.AS vs. IEFV.L - Dividend Comparison
TDIV.AS's dividend yield for the trailing twelve months is around 3.06%, while IEFV.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF | 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
TDIV.AS and IEFV.L 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, IEFV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEFV.L is cheaper with a 0.25% expense ratio, compared with 0.38% for TDIV.AS.
TDIV.AS is categorized as Global Equity Income, while IEFV.L is Europe Equities. TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while IEFV.L tracks MSCI Europe Value NR EUR. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.38% for TDIV.AS and 0.25% for IEFV.L.
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